CGI Inc. (NYSE: GIB) is a multinational IT and business consulting services company headquartered in Montreal, Quebec, Canada. Founded in 1976, CGI has grown into one of the world’s largest independent providers in its sector, serving enterprises and governments through technology consulting, systems and software integration, and end-to-end IT and ...CGI Inc. (NYSE: GIB) is a multinational IT and business consulting services company headquartered in Montreal, Quebec, Canada. Founded in 1976, CGI has grown into one of the world’s largest independent providers in its sector, serving enterprises and governments through technology consulting, systems and software integration, and end-to-end IT and business process services. The company’s scale and global footprint support delivery across multiple time zones and geographies, with operations spanning North America, Europe, and the Asia-Pacific region.
Business model and offerings center on translating business needs into technology outcomes. CGI provides strategy and consulting engagements, implementation and integration of complex systems, and ongoing application services that can include development, maintenance, testing, and modernization. In addition, CGI delivers portfolio management and infrastructure-related services, and supports clients with both industry-tailored consulting and specialized business process services. The company is also described as distributing certain software solutions alongside its services, reflecting a solutions-and-services approach rather than a single-product business.
From a delivery perspective, CGI typically works with large, multi-year client programs where scope can include transformation roadmaps, system replacements, application lifecycle management, managed services, and outsourcing. Such contracts often require disciplined project management, security and compliance capabilities, and the ability to mobilize domain and technical expertise across industries such as government, banking and capital markets, healthcare, utilities, communications and media, energy, retail, manufacturing, insurance, life sciences, and transportation and logistics.
In terms of cost and operations, while CGI is a services-heavy business (with workforce and delivery costs representing a major portion of expenditures), the company’s financials (as reflected in the provided snapshot metrics) indicate solid profitability margins typical for a consulting and managed services operator. CGI’s valuation and cash-flow-related multiples suggest the market treats the firm as a scalable, ongoing-services provider rather than a purely project-dependent consultancy.
Key people include CEO Tim Hurlebaus, and CGI was historically founded by Serge Godin (with co-founder André Imbeau), with the company having undergone branding changes in recent years (e.g., rebranding from CGI Group Inc. to CGI Inc. in January 2019). Overall, CGI aims to remain insights-driven and outcomes-focused, helping clients accelerate transformation through technology-enabled business change, while leveraging its global delivery network and long-term client relationships.
Plutux no es un asesor de inversiones. Los datos de mercado y el análisis generado por IA son solo informativos y educativos, no asesoramiento de inversión. Aviso legal
InteranualYoY significa Year-over-Year (interanual). Compara el último valor anual con el valor anual anterior para mostrar la fortaleza de la tendencia a largo plazo.
TrimestralQoQ significa Quarter-over-Quarter (intertrimestral). Compara el último trimestre con el trimestre inmediatamente anterior para mostrar cambios de impulso a corto plazo.
IngresosEl dinero total que entró por la puerta principal al vender cosas, antes de pagar una sola factura. Piensa en esto como el gran total de cada compra con tarjeta de los clientes. (YoY compara el rendimiento de este año con el del año pasado, mientras que QoQ compara los tres meses actuales con los tres anteriores).
$15.9B
+8.4%
+0.9%
Beneficio netoEl resultado final absoluto. Si la empresa pagara a cada proveedor, empleado, banquero y recaudador de impuestos, este es el dinero real que queda en su bolsillo al final del día.
$1.7B
-2.0%
+4.6%
Margen brutoEl margen básico. Si venden unas zapatillas de 100 dólares, este porcentaje indica cuánto de ese precio es ganancia justo después de pagar el caucho y los cordones, pero antes de pagar el alquiler de la tienda o los anuncios de televisión.
+20.7%
+25.6%
-2.3%
Margen operativoLa puntuación de eficiencia del 'trabajo diario'. De cada dólar que gasta un cliente, esto muestra cuántos centavos mantiene la empresa después de fabricar el producto Y pagar todos los gastos generales corporativos (como salarios, marketing y mantener las luces encendidas).
+20.6%
+25.1%
-2.3%
Margen netoEl porcentaje final que se lleva a casa. Cuando se eliminan todos los costos concebibles, impuestos y pagos de intereses, este es el número exacto de centavos que la empresa realmente se queda de cada dólar en ventas.
+10.4%
-9.6%
+3.7%
Flujo de caja libreEl santo grial del efectivo corporativo. Es el dinero físico gastable que queda después de que el negocio paga sus operaciones diarias Y compra las actualizaciones grandes y costosas (como nuevas fábricas o servidores) que necesita para sobrevivir. Este es el dinero 'libre' que pueden usar para pagar dividendos o recomprar acciones.
$2.0B
+1.2%
+26.6%
Margen FCFLa tasa definitiva de conversión de efectivo. Muestra qué tan buena es la empresa para convertir ventas regulares directamente en efectivo frío, duro y gastable. Un porcentaje alto significa que el negocio es una auténtica máquina de imprimir dinero.
+12.3%
-6.7%
+25.5%
Deuda/PatrimonioEl indicador de riesgo financiero. Compara cuánto del imperio de la empresa se construyó con dinero prestado (préstamos) frente al dinero propio de los propietarios (accionistas). Un número alto significa que están muy apalancados y juegan un juego más arriesgado; un número bajo significa que juegan a lo seguro.
43.5%
+23.9%
-0.7%
Ratio corrienteLa verificación de supervivencia de 12 meses. Simplemente compara el efectivo que tienen ahora mismo (más cosas que pueden convertirse rápidamente en efectivo) con las facturas inmediatas que absolutamente deben pagar este año. Una puntuación superior a 1 significa que tienen suficiente en la billetera para cubrir las próximas facturas sin entrar en pánico.
0.99x
-27.0%
-1.1%
Activos totalesEl tamaño absoluto del imperio de la empresa. Agrupa absolutamente todo lo valioso que poseen, desde el efectivo en la caja registradora y el inventario en el almacén, hasta las patentes de software en la bóveda y las fábricas en el suelo.
Operator : Good morning, ladies and gentlemen. Welcome to CGI's Third Quarter Fiscal 2026 Conference Call. I would now like to turn the meeting over to Mr. Kevin Linder, SVP of Investor Relations. Please go ahead, Mr. Linder.
Kevin Linder : Thank you, Joelle, and good morning. With me to discuss CGI's third quarter fiscal 2026 results are Tim Hurlebaus, our President and CEO; and Steve Perron, Executive Vice President and CFO. This call is being broadcast on cgi.com and recorded live at 9:00 a.m. Eastern Time on Wednesday, July 29, 2026. Supplemental slides as well as the press release we issued earlier this morning are available for download, along with our MD&A, financial statements and accompanying notes, all of which have been filed with both SEDAR+ and EDGAR. Please note that some statements made on the call may be forward-looking. Actual events or results may differ materially from those expressed or implied, and CGI disclaims any intent or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. The complete safe harbor statement is available in both our MD&A and press release as well as on cgi.com. We recommend our investors read it in its entirety. We are reporting our financial results in accordance with International Financial Reporting Standards, or IFRS. As always, we will also discuss non-GAAP performance measures, which should be viewed as supplemental. The MD&A contains definitions of each one used in our reporting. All of the dollar figures expressed on this call are Canadian, unless otherwise noted. Now I'll turn the call over to Steve to review our Q3 financials, and then Tim will comment on our business and market outlook. Steve?
Steve Perron : Thank you, Kevin, and good day, everyone. In our third quarter of fiscal 2026, we are pleased with our revenue growth, delivery of strong EPS accretion and cash generation. In the quarter, we delivered $4.2 billion of revenue, up 2.5% year-over-year or up 1.3% when excluding the impact of foreign exchange. Growth was primarily driven by our recent business acquisitions, representing approximately 2.5%. Our clients, particularly those in financial services within North America, continue to utilize our global delivery centers, contributing to organic growth in our APAC segment of 9.7% in the quarter. In our Western and Southern Europe segment, with our acquisition of Apside growth was 8.6%. And as expected, our U.S. Federal segment improved sequentially, reporting year-over-year organic growth of 2.5% in Q3. Bookings in the quarter were $4.2 billion for a book-to-bill ratio of 100% with U.S. Federal at 115%, followed by Germany at 114%. On a trailing 12-month basis, bookings totaled $17.8 billion for a book-to-bill ratio of 108%. Managed Services had a book-to-bill ratio of 115% and the SI&C book-to-bill ratio was 100%. Our contracted backlog stands at $31.8 billion or 1.9x revenue. Of the $31.8 billion, we …
