Company overview

Founded in 1976, CGI is among the largest independent IT and business consulting services firms in the world. With 91,000 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 2022 reported revenue is $12.87 billion and CGI shares are listed on the TSX (GIB.A) and the NYSE (GIB).

Fiscal year end: September 30


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Q2 F2023 performance highlights

Buildings - Performance highlights

  • Revenue of $3.72 billion, up 13.7% year-over-year or 11.4% year-over-year in constant currency1;
  • Earnings before income taxes of $564.5 million, up 13.2% year-over-year, for a margin1 of 15.2%;
  • Adjusted EBIT1 of $600.8 million, up 14.7% year-over-year, for a margin of 16.2%1;
  • Net earnings of $419.4 million, up 12.7% year-over-year, for a margin of 11.3%;
  • Net earnings excluding specific items1,2 of $435.0 million, up 16.3% year-over-year, for a margin1 of 11.7%1, 2;
  • Diluted EPS of $1.76, up 15.0% year-over-year;
  • Diluted EPS excluding specific items1,2 of $1.82, up 19.0% year-over-year;
  • Cash from operating activities of $469.1 million, representing 12.6% of revenue;
  • Bookings1 of $3.84 billion, for a book-to-bill ratio of 103.3%; and
  • Backlog1 of $25.24 billion or 1.8x annual revenue.

Revenue distribution

Buildings - Revenue distribution

Service type

  • 53% Managed IT and Business Process Services
  • 47% Business consulting, strategic IT consulting and systems integration

Client geography

  • 30% United States
  • 17% France
  • 15% Canada
  • 11% United Kingdom
  •  7% Germany
  •  6% Finland
  •  5% Sweden
  •  9% Rest of the world

Vertical market

  • 35% Government
  • 23% Financial services
  • 23% Manufacturing, retail and distribution
  • 13% Communications and utilities
  •   6% Health

Related links

Buildings - 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 margin 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.

2Specific items in Q2-F2023 include: $15.5 million in acquisition-related and integration costs, net of tax; Specific items in Q2-F2022 include: $2.1 million in acquisition-related and integration costs, net of tax.

Note: All figures in Canadian dollars. Q2-F2023 MD&A, interim condensed consolidated financial statements and accompanying notes can be found at and have been filed with the Canadian securities regulators on SEDAR at and the U.S. Securities and Exchange Commission on EDGAR at