CGI reports $382.4M first-quarter profit, up from $367.4M a year earlier
By The Canadian Press on February 1, 2023.
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) 9-8
