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CGI (GIB)
NYSE:GIB
Earnings Data
Report Date
Jan 29, 2025TBA Not Confirmed
Period Ending
2025 (Q1)Consensus EPS Forecast
1.36Last Year’s EPS
1.26Same Quarter Last Year
Moderate Buy
Based on 13 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Nov 07, 2018
|% Change Since: 3.19%
|Next Earnings Date:Aug 01, 2018
Earnings Call Sentiment|Positive
The earnings call reflects a generally positive sentiment with significant growth in revenue and profitability metrics, strategic acquisitions, and high client satisfaction. However, challenges in the European market and IP revenue decline present notable concerns.Company Guidance
During CGI's First Quarter Fiscal 2025 Conference Call, the company reported solid financial metrics, indicating strong performance. CGI achieved CAD3.8 billion in revenue, marking a 5.1% year-over-year increase, or 2.7% in constant currency. The company observed robust growth in the U.S. federal segment at 14%, Canada at 5.9%, and Asia-Pacific at 5.2%. The North American operations grew by 6.9%, while European operations faced a slight decline of 0.8%, attributed mainly to slower market conditions in Germany and France. CGI's book-to-bill ratio was 110%, with CAD4.2 billion in bookings, and their global backlog reached CAD29.8 billion, providing revenue visibility for two years. Profitability metrics were strong, with earnings before income taxes at CAD592 million, reflecting a margin increase of 100 basis points to 15.6%. Adjusted EBIT was CAD612 million, representing a margin of 16.2%. Moreover, net earnings improved to CAD439 million for a margin of 11.6%, and diluted EPS saw a significant 15% increase year-over-year. The company also highlighted ongoing strategic moves, including recent acquisitions, and reiterated its commitment to its profitable growth strategy, which includes investments in AI technologies and managed services.Revenue and Growth
CGI delivered CAD3.8 billion of revenue, up 5.1% year-over-year or 2.7% when excluding the impact of foreign exchange. Strong growth in U.S. federal (14%), Canada (5.9%), Asia-Pacific (5.2%), and U.K. and Australia (3.2%).
Book-to-Bill Ratio
Bookings were CAD4.2 billion for a book-to-bill ratio of 110%. Both North America and Europe had identical book-to-bill ratios at 110%.
Profitability Metrics
Earnings before income taxes were CAD592 million for a margin of 15.6%, up 100 basis points year-over-year. Adjusted EBIT was CAD612 million, representing a margin of 16.2%.
Net Earnings and EPS
Net earnings were CAD439 million for a margin of 11.6%, up 80 basis points year-over-year. Diluted EPS was CAD1.92, representing an increase of 15% year-over-year.
Cash from Operations
Cash from operations was CAD646 million, representing 17.1% of total revenue, contributing to a 12-month generation of nearly CAD2.3 billion, up nearly CAD200 million compared to last year.
Strategic Acquisitions
Acquisition of Daugherty in the U.S. and newly signed agreement to acquire BJSS in the U.K. to expand footprint in key markets and industries.
Strong Client Satisfaction
Client satisfaction levels rose to 9.5 out of 10, with high intention of clients to engage CGI again in the future.
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GIB Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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GIB Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Jan 29, 2025 | $114.45 | $114.54 | +0.08% |
| Nov 06, 2024 | $112.68 | $112.38 | -0.27% |
| Jul 31, 2024 | $108.61 | $113.86 | +4.83% |
| May 01, 2024 | $101.12 | $99.26 | -1.84% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does CGI (GIB) report earnings?
CGI (GIB) is schdueled to report earning on Jan 29, 2025, TBA Not Confirmed.
What is CGI (GIB) earnings time?
CGI (GIB) earnings time is at Jan 29, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is GIB EPS forecast?
GIB EPS forecast for the fiscal quarter 2025 (Q1) is 1.36.
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