Montréal, Quebec, November 9, 2022

“I am very pleased with our team’s performance in the fourth quarter, delivering double-digit increases in both constant currency revenue and EPS through the successful execution of our build and buy profitable growth strategy” said George D. Schindler, President and Chief Executive Officer. “Notably, CGI’s 90,000 talented consultants met our stakeholders’ expectations to deepen relationships, win new engagements, and—also on a full fiscal year 2022 basis, deliver year-over-year double digit increases in both constant currency revenue and EPS. Looking ahead, the seemingly never-ending digitization race continues to drive demand, particularly as clients navigate an increasingly dynamic environment. CGI remains well positioned to partner with clients on a wide range of business and technology objectives through our suite of end-to-end digital services and solutions, as well as participate in market consolidation.”

Q4-F2022 performance highlights

  • Revenue of $3.25 billion, up 8.0% year-over-year or 13.9% year-over-year in constant currency;
  • Adjusted EBIT of $521.7 million, up 5.7% year-over-year, for a margin of 16.1%;
  • Net earnings of $362.4 million, up 4.7% year-over-year, for a margin of 11.2%;
  • Net earnings excluding specific items* of $373.1 million, up 7.6% year-over-year, for a margin of 11.5%;
  • Diluted EPS of $1.51, up 8.6% year-over-year;
  • Diluted EPS excluding specific items* of $1.56, up 11.4% year-over-year;
  • Cash from operating activities of $488.9 million, representing 15.1% of revenue;
  • Bookings of $3.64 billion, for a book-to-bill ratio of 112.0%; and
  • Backlog of $24.06 billion or 1.9x annual revenue.

F2022 performance highlights

  • Revenue of $12.87 billion, up 6.1% year-over-year or 10.5% year-over-year in constant currency;
  • Adjusted EBIT of $2.09 billion, up 6.9% year-over-year, for a margin of 16.2%;
  • Net earnings of $1.47 billion, up 7.1% year-over-year, for a margin of 11.4%;
  • Net earnings excluding specific items* of $1.49 billion, up 8.2% year-over-year, for a margin of 11.6%;
  • Diluted EPS of $6.04, up 11.6% year-over-year;
  • Diluted EPS excluding specific items* of $6.13, up 12.9% year-over-year;
  • Cash from operating activities of $1.87 billion, representing 14.5% of revenue; and
  • Bookings of $13.97 billion, for a book-to-bill ratio of 108.5%.

* Specific items in Q4-F2022 include: $10.7 million in acquisition-related and integration costs, net of tax; Specific items in Q4-F2021 include: $0.9 million in acquisition-related and integration costs, net of tax; Specific items in F2022 include: $21.7 million in acquisition-related and integration costs, net of tax; Specific items in F2021 include: $5.8 million in acquisition-related and integration costs, net of tax.

Note: All figures in Canadian dollars. F2022 MD&A, audited consolidated financial statements and accompanying notes can be found at cgi.com/investors and have been filed with both SEDAR in Canada and EDGAR in the U.S.

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