Welcome to our dedicated page for CGI news (Ticker: GIB), a resource for investors and traders seeking the latest updates and insights on CGI stock.
CGI Inc. (NYSE: GIB) is a global IT consulting leader driving digital transformation across government, finance, and enterprise sectors. This page aggregates official announcements and verified news to help stakeholders track corporate developments impacting CGI's market position and strategic direction.
Access real-time updates on earnings reports, technology partnerships, and operational milestones. Our curated feed includes press releases related to systems integration projects, managed IT expansions, and governance updates – all essential for assessing CGI's performance in the competitive IT services landscape.
Key coverage areas: quarterly financial results, major contract awards, leadership changes, and innovation initiatives in AI-driven solutions. Bookmark this resource to stay informed about CGI's global delivery network enhancements and sector-specific service expansions.
CGI reported strong financial results for Q2-F2023, achieving revenue of $3.72 billion, a 13.7% increase year-over-year. Net earnings rose to $419.4 million, up 12.7%, resulting in a diluted EPS of $1.76, which is 15.0% higher than the previous year. The company recorded adjusted EBIT of $600.8 million, reflecting a 14.7% growth. Despite a 0.7% decrease in cash from operating activities year-over-year, the backlog remains robust at $25.24 billion, equating to 1.8x annual revenue. Bookings totaled $3.84 billion, yielding a book-to-bill ratio of 103.3%. CGI continues investing in talent and offerings to support client demands for IT efficiency and digitization.
CGI (NYSE: GIB) has partnered with Fraport AG to enhance the digitization of Frankfurt Airport over a five-year framework agreement. This initiative aims to improve customer experience and competitiveness through advanced digital technologies. Key aspects include a cloud-first strategy for application migration and integration of AI and intelligent automation in airport operations. CGI will provide consulting, IT services, and change management to ensure effective cloud transformation. The partnership builds on a successful collaboration since 2021, leveraging CGI's aviation expertise and local presence. CGI reported a revenue of $12.87 billion in fiscal 2022, underscoring its capacity to deliver comprehensive aviation services.
CGI Inc. announced its upcoming financial results for the second quarter of fiscal year 2023, which will be released on April 26, 2023, prior to market opening. The company has stated that the quarter ended on March 31, 2023. A conference call hosted by President and CEO George D. Schindler and CFO Steve Perron will occur at 9:00 a.m. (EDT) to discuss the results and answer questions. CGI reported revenues of $12.87 billion for fiscal 2022 and operates globally with 90,250 professionals. The results and call can be accessed via webcast and podcast, with details provided on the company's investor relations page.
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