CGI reports $382.4M first-quarter profit, up from $367.4M a year earlier

By Canadian Press

MONTREAL — CGI Inc. reported a first-quarter profit of $382.4 million, up from $367.4 million a year earlier, as its revenue rose more than 10 per cent.

The technology and business consulting firm says the profit amounted to $1.60 per diluted share for the quarter ended Dec. 31, up from $1.49 per diluted share in the same quarter a year earlier.

Revenue for the quarter totalled $3.45 billion, up from $3.09 billion, for a year-over-year gain of 11.6 per cent.

Excluding specific items, the company says it earned $1.66 per diluted share, up from $1.50 per diluted share a year earlier.

CGI says bookings in its most recent quarter amounted to $4.04 billion, up from $3.60 billion a year earlier.

As of Dec. 31, the company’s backlog was $25.01 billion.

This report by The Canadian Press was first published Feb. 1, 2023.

Companies in this story: (TSX:GIB.A)

The Canadian Press

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