CGI reported first-quarter revenue of C$4.08 billion, a 7.7% year-over-year increase (3.4% in constant currency), driven by growth in managed services and modernization work with advanced AI solutions. Adjusted EBIT rose 7.1% to C$655.1 million, representing a 16.1% margin, while adjusted net earnings climbed 2.7% to C$461.0 million, or C$2.12 per diluted share, up 7.6%. Cash from operations reached a record C$871.9 million, or 21.4% of revenue. Bookings totaled C$4.47 billion for a book-to-bill ratio of 109.5%, and backlog stood at C$31.32 billion, equivalent to 1.9 times annual revenue. The firm ended the quarter with approximately 94,000 consultants and professionals worldwide.

On January 28, the board authorized renewal of the NCIB to purchase for cancellation up to 18.98 million Class A subordinate voting shares, representing 10% of the public float as of January 23, subject to TSX approval. Under the existing program (ending February 5, 2026), CGI has repurchased 12.95 million shares at a weighted average price of C$133.10, totaling C$1.72 billion. The new bid will allow daily purchases of up to 115,216 shares on the TSX (25% of six-month ADTV) and may proceed from February 6, 2026 through February 5, 2027.

At the January 28 webcasted AGM in Montréal, shareholders re-elected all 13 directors by electronic ballot. Vote support ranged from 95.53% for the founder Serge Godin to 99.70% for Stephen Poloz. CIBC maintained its Neutral rating following the meeting, revising its price target to C$132 from C$139, reflecting confidence in CGI’s local relationship model supported by a global delivery network but caution around near-term currency and government shutdown impacts.