Canada's CGI beats Q4 adjusted EPS expectations, raises dividend
GIB•
GIB•CGI's fiscal fourth-quarter revenue rose 3.3% year over year and adjusted EPS increased 8.5% to C$2.31, above the C$2.30 consensus. The company raised its quarterly dividend by 8.8%.
CGI reported fiscal fourth-quarter revenue growth of 3.3% year over year and adjusted EPS of C$2.31, up 8.5% and slightly above analyst expectations of C$2.30. Adjusted net income was C$475.4 million, below the C$480.5 million consensus, while adjusted EBIT of C$678 million was slightly below estimates.
The company announced an 8.8% increase to its quarterly dividend. CGI said client interest in AI and quantum computing applications is growing and that strong bookings and growth were driven by demand for AI-embedded managed services. It plans to invest in organic and acquisition-driven growth in fiscal 2027 but did not provide specific financial guidance.