CGI Group (NYSE: GIB) reported Q1 EPS of $1.33, $0.51 better than the analyst estimate of $0.82. Revenue for the quarter came in at $3.02 billion versus the consensus estimate of $2.26 billion.

Bookings up 24% and EPS up 24.5% year-over-year

Q1-F2021 performance highlights

• Revenue of $3.02 billion;
• Adjusted EBIT of $495.7 million, and margin of 16.4%, up 90 basis points year-over-year;
• Net earnings of $343.5 million, up 18.4%, for a margin of 11.4%;
• Diluted EPS of $1.32, up 24.5% year-over-year;
• Net earnings excluding specific items* of $347.2 million and diluted EPS of $1.33;
• Cash from operating activities of $597.5 million, up 28.4% year-over-year; and
• Bookings of $3.40 billion, for a book-to-bill ratio of 112.5%.

"CGI started fiscal 2021 with strong results as our operational discipline and quality client delivery contributed to earnings growth" said President and Chief Executive Officer, George D. Schindler. "Our business pipeline continues to improve, with bookings up 24% year-over-year as clients are increasingly turning to technology, and CGI, to assist them as they navigate the continuing pandemic and prepare for a post-pandemic environment. Our ability to offer relevant, timely and actionable insights to our clients combined with our strong cash generation will continue to drive profitable growth."

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