CGI Group ( (GIB) ) has released its Q1 earnings. Here is a breakdown of the information CGI Group presented to its investors.
CGI Group is one of the largest independent IT and business consulting services firms globally, offering a comprehensive range of services including strategic IT consulting, systems integration, and managed IT services. For the first quarter of Fiscal 2025, CGI Group reported strong financial performance with revenue reaching $3.79 billion, marking a 5.1% increase from the previous year. Earnings before income taxes rose by 12.3% to $591.7 million, and net earnings increased by 12.5% to $438.6 million, reflecting robust profitability. The company also reported a significant cash flow from operations amounting to $646.4 million, representing 17.1% of the revenue, and a bookings figure of $4.16 billion, indicating a healthy demand for its services. CGI’s backlog reached $29.76 billion, providing a stable revenue stream for the future. Additionally, the company continued its strategic investments, allocating $83.2 million back into its business and acquiring businesses for $30 million, showcasing its commitment to long-term growth. Looking ahead, CGI is poised to leverage its strong financial standing to continue executing its growth strategy, focusing on expanding client relationships and capabilities through mergers and acquisitions, while adapting to evolving market conditions.