CGI Inc. reports Q1 adjusted EPS $1.83, consensus $1.35

Reports Q1 revenue $3.6B, consensus $2.66B. Reports Q1 bookings of $4.19B, for a book-to-bill ratio of 116.2% and backlog of $26.57B or 1.8x annual revenue. “CGI began fiscal year 2024 in a strong position, again demonstrating the resilience of our model and the disciplined execution of our plan,” said George Schindler, president and CEO. “The combination of our trusted client partnerships and end-to-end services contributed to bookings of $4.2 billion in the quarter and $16.4 billion, or 114% of revenue, over the last 12 months. CGI’s outcome-based offerings, particularly those focused on generating cost savings and accelerating modernization-including through AI-continue to resonate with clients. Our robust balance sheet, further strengthened in the quarter by the operational and delivery excellence of our team, enables us to continue driving our build and buy profitable growth strategy.”