As at November 2023

Company overview

Founded in 1976, CGI is among the largest independent IT and business consulting services firms in the world. With 91,500 consultants and professionals across the globe, CGI delivers an end-to-end portfolio of capabilities, from strategic IT and business consulting to systems integration, managed IT and business process services and intellectual property solutions. CGI works with clients through a local relationship model complemented by a global delivery network that helps clients digitally transform their organizations and accelerate results. CGI Fiscal 2023 reported revenue is $14.30 billion and CGI shares are listed on the TSX (GIB.A) and the NYSE (GIB).

Fiscal year end: September 30

 

Transfer Agent

Computershare Investor Services Inc.
100 University Ave., 8th Floor
Toronto, Ontario  M5J 2Y1

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International: 1-514-982-7555
Computershare Investor Centre

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F2023 performance highlights

Buildings - Performance highlights
  • Revenue of $14.30 billion, up 11.1% year-over-year or 8.0% year-over-year in constant currency1;
  • Earnings before income taxes of $2.20 billion, up 11.7% year-over-year, for a margin1 of 15.4%;
  • Adjusted EBIT1 of $2.31 billion, up 10.8% year-over-year, for a margin1 of 16.2%;
  • Net earnings of $1.63 billion, up 11.3% year-over-year, for a margin1 of 11.4%;
  • Net earnings excluding specific items1,3 of $1.68 billion, up 12.9% year-over-year, for a margin1 of 11.8%;
  • Diluted EPS of $6.86, up 13.6% year-over-year;
  • Diluted EPS excluding specific items1,3 of $7.07, up 15.3% year-over-year;
  • Cash fromoperating activities of $2.11 billion, representing 14.8% of revenue1; and
  • Bookings1 of $16.26 billion, for a book-to-bill ratio of 113.7%.

Q4 F2023 performance highlights

Buildings - Revenue distribution
  • Revenue of $3.51 billion, up 8.0% year-over-year or 2.2% year-over-year in constant currency1;
  • Earnings before income taxes of $557.9 million, up 14.8% year-over-year, for a margin1 of 15.9%;
  • Adjusted EBIT1 of $573.0 million, up 9.8% year-over-year, for a margin1 of 16.3%;
  • Net earnings of $414.5 million, up 14.4% year-over-year, for a margin1 of 11.8%;
  • Net earnings excluding specific items1,2 of $421.2 million, up 12.9% year-over-year, for a margin1 of 12.0%;
  • Diluted EPS of $1.76, up 16.6% year-over-year;
  • Diluted EPS excluding specific items1,2 of $1.79, up 14.7% year-over-year;
  • Cash from operating activities of $628.7 million, representing 17.9% of revenue1;
  • Bookings1 of $4.00 billion, for a book-to-bill ratio of 113.9%; and
  • Backlog1 of $26.06 billion or 1.8x annual revenue.

Revenue distribution

Buildings - Related links
Service type

F2023

  • 54% Managed IT and business process services
  • 46% Business and strategic IT consulting and systems integration services

Q4 F2023

  • 55% Managed IT and business process services
  • 45% Business and strategic IT consulting and systems integration services
Client geography

F2023

  • 31% United States
  • 16% France
  • 16% Canada
  • 11% United Kingdom
  •  6% Germany
  •  6% Finland
  •  5% Sweden
  •  9% Rest of the world

Q4 F2023

  • 31% United States
  • 16% Canada
  • 15% France
  • 12% United Kingdom
  •  7% Germany
  •  6% Finland
  •  4% Sweden
  •  9% Rest of the world
Vertical market

F2023

  • 36% Government
  • 23% Financial services
  • 22% Manufacturing, retail and distribution
  • 13% Communications and utilities
  •   6% Health

Q4 F2023

  • 37% Government
  • 23% Financial services
  • 21% Manufacturing, retail and distribution
  • 13% Communications and utilities
  •   6% Health

Related links

1 Constant currency growth, diluted EPS excluding specific items, adjusted EBIT, adjusted EBIT margin, net earnings excluding specific items, net earnings margin excluding specific items and diluted EPS excluding specific items are non-GAAP financial measures or ratios. Earnings before income taxes margin, net earnings margin, cash from operating activities as a percentage of revenue, bookings and backlog are key performance measures. See “Non-GAAP and other key performance measures” section of this press release for more information, including quantitative reconciliations to the closest International Financial Reporting Standards (IFRS) measure, as applicable. These are not standardized financial measures under IFRS and might not be comparable to similar financial measures disclosed by other companies.

2 Specific items in Q4-F2023 include: $6.7 million from the cost optimization program, net of tax; Specific items in Q4-F2022 include: $10.7 million in acquisition-related and integration costs, net of tax. 3 Specific items in F2023 include: $42.1 million in acquisition-related and integration costs and $6.7 million from the cost optimization program, both net of tax; Specific items in F2022 include: $21.7 million in acquisition-related and integration costs, net of tax.

3 Specific items in F2023 include: $42.1 million in acquisition-related and integration costs and $6.7 million from the cost optimization program, both net of tax; Specific items in F2022 include: $21.7 million in acquisition-related and integration costs, net of tax.

Note: All figures in Canadian dollars. F2023 MD&A, audited consolidated financial statements and accompanying notes can be found at cgi.com/investors and have been filed with the Canadian securities regulators on SEDAR+ at www.sedarplus.ca and the U.S. Securities and Exchange Commission on EDGAR at www.sec.gov.