Revenue Growth
Total revenue of CAD 4.1 billion, up 7.7% year-over-year (up 3.4% ex-foreign exchange). Growth was driven by acquisitions and continued demand in APAC.
Strong Bookings and Backlog
Quarterly bookings of CAD 4.5 billion with a book-to-bill of 110%. Trailing 12-month bookings rose 12% to nearly CAD 18 billion. Contracted backlog reached CAD 31.3 billion (1.9x revenue).
Profitability and EPS Improvement
Adjusted EBIT of CAD 655 million, up 7.1% year-over-year, with an adjusted EBIT margin of 16.1% (down 10 bps). Adjusted net earnings were CAD 461 million (11.3% margin). Diluted adjusted EPS was CAD 2.12, up 8% year-over-year; reported EPS CAD 2.03, up 6%.
Robust Cash Generation and Balance Sheet
Operating cash flow of CAD 872 million (21.4% of revenue). DSO improved to 37 days (8-day sequential improvement). CAD 2.4 billion in readily available capital and a net debt leverage ratio of 1 provide capacity for growth and M&A.
Active Capital Allocation and Shareholder Returns
Invested CAD 87 million into the business (including AI), CAD 106 million on acquisitions, repurchased CAD 577 million of stock, and returned CAD 37 million in dividends. Board renewed NCIB authorizing up to 19 million shares and approved a CAD 0.17 quarterly dividend.
Managed Services and SI&C Momentum
Managed Services increased by more than CAD 600 million (≈8%) over the past 12 months. Managed Services book-to-bill was 117% (trailing 12-month 122%). SI&C revenue grew 9.8% year-over-year in constant currency and SI&C book-to-bill reached 100% for the quarter.
Geographic / Acquisition-Led Growth
APAC delivery center growth of 5.8% driven by managed services; UK & Australia segment grew 31% following BJSS acquisition; Western & Southern Europe grew 9% led by the Apside acquisition. Closed mergers with a Comarch division (Poland/Baltics) and Online Business Systems (Canada), adding >800 consultants.
Advances in AI Strategy and Talent
Approximately 40% of consultants now have advanced AI/data expertise (more than double year-over-year). 65% of CGI IT solutions incorporate AI-enabled intelligent automation. New alliances with Google Cloud and OpenAI, internal AI exchange launched, and notable AI-enabled client wins and use-cases driving enterprise adoption.