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Mar 31
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CGI Q2 2025 Earnings Report

CGI reported solid second quarter results with revenue surpassing CA$4 billion and net income growing modestly.

Key Takeaways

CGI delivered a strong Q2 FY2025, achieving over CA$4 billion in revenue, driven by robust bookings and a resilient client base. Net income and EPS both increased, underscoring consistent operational performance.

Revenue reached CA$4.02 billion, up 7.6% YoY.

Net income rose slightly to CA$429.7 million.

Adjusted EPS grew 7.6% to CA$2.12.

Bookings totaled CA$4.48 billion, exceeding revenue with a 111.5% book-to-bill ratio.

Total Revenue
CA$4.02B
Previous year: CA$3.76B
+6.9%
EPS
CA$2.13
Previous year: CA$1.98
+7.3%
Bookings
CA$4.49B
Previous year: CA$3.75B
+19.5%
Book-to-Bill Ratio
111.5%
Adjusted Net Income
CA$481M
Previous year: CA$459M
+4.6%
Cash and Equivalents
CA$1.1B
Previous year: CA$1.28B
-13.7%

CGI

CGI

Forward Guidance

CGI remains focused on executing its growth strategy, supported by solid financials, strategic investments, and ongoing client trust despite macroeconomic pressures.

Positive Outlook

  • Strong bookings reinforce client trust and pipeline strength.
  • Ongoing investments in acquisitions and internal capabilities.
  • Cash flows remain healthy at 10.9% of revenue.
  • Adjusted EPS growth outpaced net income, showing efficiency.
  • Backlog at 2x annual revenue supports long-term visibility.

Challenges Ahead

  • Operating cash flow declined year-over-year.
  • Net debt increased significantly due to acquisitions.
  • EBIT margin contracted slightly compared to last year.
  • Adjusted net income margin also declined marginally.
  • Continued restructuring costs expected in coming quarters.