CGI Group ( (GIB) ) has released its Q2 earnings. Here is a breakdown of the information CGI Group presented to its investors.
CGI Group is a leading global IT and business consulting services firm, offering a comprehensive range of services including strategic IT and business consulting, systems integration, managed IT and business process services, and intellectual property solutions. With a strong presence worldwide, CGI is known for its local relationship model and global delivery network, helping clients achieve digital transformation and operational efficiency.
In its second quarter of Fiscal 2025, CGI reported robust financial results with revenue surpassing $4 billion, marking a 7.6% increase year-over-year. The company demonstrated resilience and strategic growth despite challenging market conditions, as highlighted by strong bookings and a substantial backlog.
Key financial metrics for the quarter include earnings before income taxes of $582.6 million, a slight increase from the previous year, and adjusted earnings before interest and taxes rising by 5.9% to $665.7 million. Net earnings also saw a modest increase to $429.7 million, with a diluted EPS of $1.89. The company’s bookings reached $4.48 billion, reflecting a book-to-bill ratio of 111.5%, while the backlog stood at $30.99 billion.
CGI’s strategic investments included $99.7 million reinvested into the business, $1.56 billion in acquisitions, and $344.6 million in share repurchases. The company also declared a quarterly dividend, reinforcing its commitment to returning value to shareholders. Despite an increase in long-term debt, CGI maintains a strong financial position with a net debt-to-capitalization ratio of 24.1%.
Looking ahead, CGI’s management remains focused on navigating evolving business dynamics and expanding shareholder value. The company continues to adapt its strategies to meet client needs and drive growth, particularly in its Continental Europe operations, where restructuring efforts are underway to enhance efficiency and performance.