Company Overview

CGI Inc. is a Canadian multinational information technology consulting and software development company headquartered in Montreal, Quebec, Canada. Founded by Serge Godin and Andre Imbeau in June 1976, CGI has grown to become one of the largest independent IT and business consulting services firms globally. With a workforce of over 94,000 consultants and professionals worldwide, CGI offers an end-to-end portfolio of capabilities, ranging from strategic IT and business consulting to systems integration, managed IT and business process services, and intellectual property solutions.

Stock Information and Market Presence

CGI went public in 1986, with its primary listing on the Toronto Stock Exchange (TSX). It is also a constituent of the S&P/TSX 60 index and has a secondary listing on the New York Stock Exchange (NYSE). The company trades under the ticker symbols GIB on the NYSE and GIB.A on the TSX. As of September 2025, CGI Inc. Class A holds a market capitalization of $28.51 billion CAD.

Global Operations and Workforce

As of 2024, CGI operates in over 40 countries with approximately 400 offices worldwide, employing more than 95,000 professionals. As of September 23, 2025, the company reported 90,250 employees. CGI's operations are structured across multiple geographical segments, including Western and Southern Europe, U.S. Commercial and State Government, Canada, U.S. Federal, Scandinavia and Central Europe, the United Kingdom and Australia, Finland, Poland and Baltics, Northwest and Central-East Europe, and Asia Pacific Global Delivery Centers of Excellence.

Recent Financial Performance

Q3 2025 Results (ended June 30, 2025)

The company reported strong operational performance in its third fiscal quarter of 2025, with revenue reaching $4.09 billion, an 11.4% increase year-over-year (or 7.0% in constant currency). CGI Inc. announced a significant earnings beat, with earnings per share (EPS) at $2.10, surpassing the forecast of $1.52. Revenue also exceeded expectations, coming in at $4.09 billion compared to a forecast of $2.91 billion.

Key financial metrics for Q3 2025 include:

• Earnings before income taxes: $551.6 million, down 7.1% year-over-year, with a margin of 13.5% (compared to 16.2% in Q3 FY2024).

• Adjusted earnings before interest and taxes (EBIT): $666.1 million, up 10.5% year-over-year, with a margin of 16.3% (down 10 basis points year-over-year).

• Adjusted net earnings: $470.1 million, up 6.8% year-over-year, with a margin of 11.5% (down 50 basis points year-over-year).

• Diluted earnings per share (adjusted): Increased by 9.9% to $2.10, up from $1.91 in the same period last year.

Annual Performance FY 2024

For the full fiscal year 2024, CGI Inc.'s revenue was $14.68 billion, representing a 2.66% increase compared to the previous year's $14.30 billion. Earnings for FY 2024 were $1.69 billion, an increase of 3.77%.

Year-to-Date FY 2025 Performance

Year-to-date revenue for FY 2025 reached $11.9 billion, marking an 8% increase compared to the previous year. Adjusted EBIT was up 7% to $1.9 billion, and Adjusted EPS increased by 8.4% to $6.18. On a trailing 12-month basis, cash from operations totaled $2.2 billion, reinforcing the company's financial position to execute its growth strategy.

Business Segments and Growth Drivers

Growth in Q3 2025 was primarily driven by recent business acquisitions and sustained momentum in the financial services sector. In constant currency, CGI's client proximity segments with the strongest growth were UK and Australia, which saw 37% growth, incorporating a full quarter's revenue from VJSS. Combined growth in the U.S. segments was 9%, largely fueled by investments from the Aeyon and Daugherty mergers.

From an industry perspective, constant currency revenue growth was led by the financial services sector (9.6%) and government sector (8.7%). This growth was partially offset by continued softness in Continental Europe, particularly in the MRD sector. Intellectual Property (IP) revenue grew in 6 out of 8 proximity segments, driven by strong client interest in CGI's business solutions, especially from financial services and energy & utilities clients.

Strong Bookings and Backlog Position

CGI achieved bookings exceeding $4 billion in Q3 2025, with a book-to-bill ratio of 101%. The U.S. commercial and state government segments contributed significantly to this, posting a ratio of 121%. The global backlog reached $30.6 billion, equivalent to two times the annual revenue. On a trailing twelve-month basis, CGI's book-to-bill ratio stands at 107%, reflecting sustained demand for services aimed at helping clients realize operational efficiencies, particularly through managed services and IP solutions.

Sector Performance and Market Demand

In Q3 2025, renewed client spending was observed in banking and the broader financial services sector, with year-over-year bookings up by over $400 million. On a trailing twelve-month basis, bookings in this sector increased by more than $1 billion, as clients turned to CGI for modernization of core systems and processes. Demand in the government sector remained strong, with a Q3 book-to-bill ratio of 112%, led by significant wins in U.S. local government.

Technology Innovation and AI Integration

CGI continued to experience strong momentum in AI-related wins during Q3 2025, showcasing the depth of its global expertise. The company's consultants work jointly with clients to leverage AI for informing, accelerating, and improving project delivery. AI integration now contributes to 40% of CGI's IP-based revenue.

Dividend Information

CGI Inc. Class A dividend yield was 0.10% in 2024, with a payout ratio of 2.02%. In the preceding year (2023), these figures were 0.00% for both dividend yield and payout ratio.

Key Financial Ratios

CGI Inc. Class A EBITDA stands at $3.17 billion CAD, with a current EBITDA margin of 20.25%. The GIB.A stock exhibits 1.43% volatility and has a beta coefficient of 0.61.

CGI Inc. continues to demonstrate resilience and growth across its diversified global operations. The company shows strong performance in key sectors such as financial services and government, supported by strategic acquisitions and technology innovation initiatives.