CGI Group (GIB) Tops Q2 EPS by 53c, Revenues Beat

CGI Group (NYSE: GIB) reported Q2 EPS of $1.35, $0.53 better than the analyst estimate of $0.82. Revenue for the quarter came in at $3.08 billion versus the consensus estimate of $2.26 billion.

Q2-F2021 performance highlights

• Revenue of $3.08 billion;
• Adjusted EBIT of $486.3 million, and margin of 15.8%, up 40 basis points year-over-year;
• Net earnings of $341.2 million, up 8.4%, for a margin of 11.1%;
• Diluted EPS of $1.34, up 13.6% year-over-year;
• Net earnings of $341.9 million and diluted EPS of $1.35, both excluding specific items*;
• Cash from operating activities of $572.6 million, up 44.4% year-over-year; and
• Bookings of $3.89 billion, for a book-to-bill ratio of 126%.

"CGI delivered another strong quarter underscored by solid margins, robust cash generation and positive revenue trends," said President and Chief Executive Officer, George D. Schindler. "The ability of our talented consultants to deliver the right insights and solutions to our clients is clearly visible in the 40% year-over-year increase in total bookings this quarter. With the continued acceleration in demand for our end-to-end services across every industry and geography that we serve, we are well positioned to return to year-over-year revenue growth in the second half of fiscal year 2021."

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

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