CGI reported fourth quarter Fiscal 2024 revenue of $3.66 billion, marking a 4.4% year-over-year increase, or 2.0% in constant currency. Adjusted EBIT for the quarter reached $600.2 million, up 4.7% year-over-year, with a margin of 16.4%, an increase of 10 basis points. Diluted earnings per share (EPS) grew by 8.5% to $1.91, while adjusted diluted EPS rose 7.3% to $1.92.
For the full Fiscal 2024, CGI's revenue was $14.68 billion, a 2.7% increase year-over-year, or 0.9% in constant currency. Adjusted EBIT for the year was $2.42 billion, up 4.5% year-over-year, achieving a margin of 16.5%, an increase of 30 basis points. Diluted EPS for the full year was $7.31, up 6.6%, and adjusted diluted EPS increased 7.8% to $7.62.
Cash provided by operating activities for Fiscal 2024 totaled $2.20 billion, representing 15.0% of revenue, an increase of 4.4% year-over-year. The company's backlog stood at $28.72 billion as of September 30, 2024, equivalent to 1.9 times annual revenue, providing strong revenue visibility. CGI also invested $380.3 million in acquisitions and repurchased 6,597,158 Class A subordinate voting shares for $934.8 million during the fiscal year, demonstrating its commitment to growth and shareholder returns.
The content on BeyondSPX is for informational purposes only and should not be construed as financial or investment advice. We are not financial advisors. Consult with a qualified professional before making any investment decisions. Any actions you take based on information from this site are solely at your own risk.