CGI’s First-Quarter Profit Surges to $442 Million, Year-Over-Year Growth
CGI Inc. has reported impressive financial results for its first quarter. The Canadian business and technology consulting firm achieved a profit of $442 million for the quarter ending December 31. This marks a modest increase from $438.6 million in the same period last year.
Financial Performance Highlights
During this quarter, CGI’s revenue rose nearly eight percent, totaling $4.08 billion, compared to $3.79 billion a year earlier. The earnings per diluted share reached $2.03, an increase from $1.92 in the previous year. Notably, on an adjusted basis, the earnings per diluted share stood at $2.12, up from $1.97.
Strategic Developments
In addition to its financial success, CGI announced a partnership with OpenAI. This collaboration aims to enhance the firm’s integration of artificial intelligence in its operations, providing clients with innovative AI solutions.
Global Workforce
CGI employs a robust workforce of 94,000 professionals and consultants worldwide. The company continues to strengthen its position in the consulting sector through its expertise in both business and technology services.
Key Statistics
- First-Quarter Profit: $442 million
- Profit per Diluted Share: $2.03
- Revenue: $4.08 billion
- Number of Employees: 94,000
- Year-Over-Year Revenue Growth: Nearly 8%
CGI’s first-quarter results demonstrate robust year-over-year growth and a commitment to innovation in technology. The firm is well-positioned to leverage its strengths in the consulting industry, particularly in AI advancements.
