CGI Profit Climbs on Robust Government Contract Pipeline

The company’s net income rose to 465.2 million Canadian dollars, or 2.23 dollars a share, compared with 408.6 million dollars in the same period last year. Adjusted earnings reached 2.29 dollars a share, edging past the 2.28 dollars anticipated by analysts. Revenue saw a 2.5% increase, climbing to 4.19 billion dollars from 4.09 billion dollars, slightly exceeding market forecasts.

Chief Executive Tim Hurlebaus credited the performance to steady government sector wins, which pushed new orders 7% higher than the previous year. This momentum leaves CGI with a total backlog of 31.79 billion dollars, representing 1.9 times the company's annual revenue. Quarterly bookings finished at 4.20 billion dollars, signaling sustained demand for the firm's business consulting services.