CGI Group (GIB) Reports Q2 Revenues of Cdn$3.13 Billion

CGI Group (NYSE: GIB) reported Q2 EPS of Cdn$1.26. Revenue for the quarter came in at Cdn$3.13 billion versus the consensus estimate of Cdn$3.07 billion.

Q2-F2020 performance highlights

• Revenue of $3.13 billion, up 2.0% year-over-year or 3.0% in constant currency;
• Adjusted EBIT of $483.2 million, up 6.4% year-over-year;
• Adjusted EBIT margin of 15.4%, up 60 basis points;
• Net earnings of $314.8 million, for a margin of 10.1% and diluted EPS of $1.18;
• Net earnings excluding specific items* of $338.4 million, for a margin of 10.8% and diluted EPS of $1.26;
• Cash provided by operating activities of $396.5 million, representing 12.7% of revenue;
• Bookings of $2.78 billion for a book-to-bill of 88.9% and 97.0% over the last twelve months; and,
• Backlog of $22.99 billion or 1.9x annual revenue.

"Our diversified mix of critical services, vertical markets and multiple geographies helped, and is helping, mitigate the impact of COVID-19 on client demand. The pandemic has created unprecedented business conditions and I am proud of our members' ongoing commitment to ensuring service continuity for CGI clients in a safe and flexible manner," said President and Chief Executive Officer, George Schindler. "Our Q2 performance is a reflection of our resilient business model and our operational excellence."

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

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