CGI Group (GIB) Tops Q1 EPS by 24c, Revenues Beat

CGI Group (NYSE: GIB) reported Q1 EPS of $1.06, $0.24 better than the analyst estimate of $0.82. Revenue for the quarter came in at $3.05 billion versus the consensus estimate of $2.26 billion.

Q1-F2020 results and year-over-year highlights

• Revenue of $3.05 billion, up 3.1% year-over-year or 4.8% in constant currency;
• Adjusted EBIT of $474.1 million, up 8.0%;
• Adjusted EBIT margin of 15.5%, up 70 basis points;
• Net earnings of $290.2 million, for a margin of 9.5% and diluted EPS of $1.06;
• Net earnings excluding specific items* of $334.9 million, for a margin of 11.0% and diluted EPS of $1.23;
• Cash provided by operating activities of $465.3 million, up 18.8%;
• Bookings of $2.75 billion for book-to-bill of 90.0% and 101.3% over the last twelve months; and,
• Backlog of $22.29 billion or 1.8x annual revenue.

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

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