CGI Group (NYSE: GIB) reported Q3 EPS of $1.18, $0.36 better than the analyst estimate of $0.82. Revenue for the quarter came in at $3.05 billion versus the consensus estimate of $2.26 billion.

Q3-F2020 performance highlights

• Revenue of $3.05 billion, down 2.2% year-over-year or down 3.5% in constant currency;
• Adjusted EBIT of $448.0 million, down 5.5% year-over-year;
• Adjusted EBIT margin of 14.7%, down 50 basis points year-over-year;
• Net earnings of $260.9 million, for a margin of 8.5% and diluted EPS of $1.00;
• Net earnings excluding specific items* of $308.4 million, for a margin of 10.1% and diluted EPS of $1.18;
• Cash provided by operating activities of $584.8 million, up $209.6 million, representing 19.2% of revenue;
• Bookings of $2.84 billion for a book-to-bill of 93% and;
• Backlog of $22.30 billion or 1.8x annual revenue.

"Our Q3 performance continues to reflect the resilience of our company and the strength of our strategy and leadership team," said President and Chief Executive Officer, George Schindler. "Our strong cash generation in the quarter was driven by the quality of our client relationships and delivery excellence. Looking ahead, we believe market and business conditions for our end-to-end services will gradually improve throughout the rest of this year, and we see expanding opportunities for profitable growth through both build and buy."

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