CGI Group (GIB) Tops Q1 EPS by 30c, Revenues Beat

CGI Group (NYSE: GIB) reported Q1 EPS of $1.12, $0.30 better than the analyst estimate of $0.82. Revenue for the quarter came in at $2.96 billion versus the consensus estimate of $2.26 billion.

• Revenue of $2.96 billion, up 5.2%;
• Adjusted EBIT of $439.2 million, or 14.8% of revenue, up 40 basis points;
• Net earnings of $311.5 million, or 10.5% of revenue, up 40 basis points;
• Net earnings excluding specific items* of $314.7 million, or 10.6% of revenue, up 40 basis points;
• Diluted EPS of $1.11, or $1.12 excluding specific items*, up 13.3% and 13.1% respectively;
• Cash provided by operating activities of $391.5 million or 13.2% of revenue, compared to $410.1 million;
• Bookings of $3.03 billion, up $54.7 million for a book-to-bill of 102.3%;
• Bookings of $13.55 billion over the last twelve months, up $2.25 billion for a book-to-bill of 116.3%;
• Backlog of $23.34 billion, up $2.23 billion.

"We are off to a good start in fiscal 2019, as our profitable growth strategy delivered strong first quarter results," said George D. Schindler, President and Chief Executive Officer. "I am encouraged by the broad-based growth we are experiencing across all regions, accelerated by our recent metro market mergers."

For earnings history and earnings-related data on CGI Group (GIB) click here.

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