CGI Group (NYSE: GIB) reported Q4 EPS of $1.22, $0.40 better than the analyst estimate of $0.82. Revenue for the quarter came in at $2.93 billion versus the consensus estimate of $2.26 billion.

Q4-F2020 performance highlights

• Revenue of $2.93 billion, down 1.1% year-over-year or 4.5% in constant currency;
• Adjusted EBIT of $457.6 million, flat year-over-year;
• Adjusted EBIT margin improved by 10 basis points to 15.6%;
• Net earnings of $251.9 million, for a margin of 8.6% and diluted EPS of $0.96;
• Net earnings excluding specific items* of $318.4 million and diluted EPS of $1.22;
• Cash from operating activities of $492.0 million;
• Bookings of $3.47 billion, for a book-to-bill of 118.8%;
• Backlog of $22.67 billion or 1.9x of annual revenue.

F2020 performance highlights

• Revenue of $12.16 billion, up 0.4% year-over-year and essentially stable in constant currency;
• Adjusted EBIT of $1,862.9 million, up 2.1% year-over-year;
• Adjusted EBIT margin improved by 20 basis points to 15.3%;
• Net earnings of $1.12 billion, for a margin of 9.2% and diluted EPS of $4.20;
• Net earnings excluding specific items ** of $1.30 billion and diluted EPS of $4.89 up from $4.70 last year;
• Cash from operating activities of $1.94 billion representing 15.9% of revenue;
• Bookings of $11.85 billion, for a book-to-bill of 97.4%;

"CGI ended the fourth quarter and fiscal year 2020 with strong results when considering the circumstances our team had to adapt to in order to deliver on our commitments to each of our three stakeholders. Our performance reflected the talent and dedication of our consultants, the relevance of our end to end services and the resilience of our business model," said President and Chief Executive Officer, George Schindler. "In the quarter, our trusted client relationships led to rising bookings and superior cash generation. We see a healthy pipeline of opportunities for profitable growth through both build and buy and we are well positioned to continue creating value for our clients as they increasingly rely on technology to navigate these dynamic times."

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