CGI’s fourth-quarter net income rose to C$460.7 million as revenue increased 3.3%, with the IT and business consulting firm citing growing client demand for artificial-intelligence services. Adjusted earnings matched analyst forecasts, while revenue exceeded expectations.
For the quarter ended Sept. 30, net income was C$2.24 a share, compared with C$1.72 a share a year earlier. Adjusted earnings came in at C$2.31 a share, in line with analysts’ forecasts in a FactSet poll. Revenue reached C$4.15 billion, ahead of the C$4.13 billion analysts had expected. On a constant-currency basis, excluding foreign-exchange variations, revenue rose 2.5%.
Bookings totaled C$4.53 billion at quarter-end, down from C$4.79 billion a year earlier. Backlog increased to C$32.07 billion from C$31.45 billion.
Chief Executive Tim Hurlebaus said client discussions showed growing opportunities for artificial intelligence. CGI recorded a 122% quarterly book-to-bill ratio for its AI-embedded managed services. “Advanced AI at enterprise scale is now routinely part of client conversations and proposals, and we see growing client interest in practical applications of quantum computing,” Hurlebaus said.
CGI also raised its dividend by 8.8%, to a quarterly payout of C$0.185 a share.
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