CGI Reports Fourth Quarter Results with Increased Dividend and Strong Backlog
CGI Inc. (GIB) reported its fourth-quarter financial results, highlighted by an 8.5% year-over-year increase in adjusted diluted earnings per share to C$2.31. Total revenue rose 3.3% to C$4.15 billion, while net earnings saw a significant jump of 20.8%, reaching C$460.7 million. The company maintains a robust operational foundation with total bookings of C$4.53 billion and a book-to-bill ratio of 109.2%. Its substantial backlog now stands at C$32.07 billion, representing approximately 1.9 times its annual revenue. Reflecting confidence in cash flow, CGI declared an 8.8% increase in its quarterly dividend to C$0.185 per share. While adjusted net earnings showed modest growth of 0.8%, the strong backlog and increased shareholder returns signal stability despite varying growth rates.