Stock Market Symbols
GIB.A (TSX)
GIB
(NYSE)
cgi.com/newsroom
Fourth quarter revenue up 4.4% and diluted
earnings per share (EPS) up 8.5%
Q4-F2024 performance highlights
- Revenue of $3.66 billion, up 4.4%
year-over-year or 2.0% year-over-year in constant
currency1;
- Earnings before income taxes of $592.4
million, up 6.2% year-over-year, for a margin1 of
16.2%;
- Adjusted EBIT1 of $600.2
million, up 4.7% year-over-year, for a margin1 of
16.4%;
- Net earnings of $435.9 million,
up 5.2% year-over-year, for a margin1 of 11.9%;
- Net earnings excluding specific items1,2 of
$439.1 million, up 4.2%
year-over-year, for a margin1 of 12.0%;
- Diluted EPS of $1.91, up 8.5%
year-over-year;
- Diluted EPS excluding specific items1,2 of
$1.92, up 7.3% year-over-year;
- Cash provided by operating activities of $629.1 million, representing 17.2% of
revenue1; and
- Bookings1 of $3.82
billion, for a book-to-bill ratio1 of
104.4%.
F2024 performance highlights
- Revenue of $14.68 billion, up
2.7% year-over-year or 0.9% year-over-year in constant
currency1;
- Earnings before income taxes of $2.29
billion, up 4.2% year-over-year, for a margin1 of
15.6%;
- Adjusted EBIT1 of $2.42
billion, up 4.5% year-over-year, for a margin1 of
16.5%;
- Net earnings of $1.69 billion, up
3.8% year-over-year, for a margin1 of 11.5%;
- Net earnings excluding specific items1,3 of
$1.77 billion, up 5.1%
year-over-year, for a margin1 of 12.0%;
- Diluted EPS of $7.31, up 6.6%
year-over-year;
- Diluted EPS excluding specific items1,3 of
$7.62, up 7.8% year-over-year;
- Cash provided by operating activities of $2.20 billion, representing 15.0% of
revenue1;
- Bookings of $16.04 billion, for a
book-to-bill ratio of 109.3%; and
- Backlog1 of $28.72
billion or 1.9x annual revenue.
Note: All figures in Canadian dollars. F2024 MD&A, audited
consolidated financial statements and accompanying notes can be
found at cgi.com/investors and have been filed with the
Canadian Securities Administrators on SEDAR+ at
www.sedarplus.ca and the U.S. Securities and Exchange
Commission on EDGAR at www.sec.gov.
|
___________________________________
|
|
1 Constant
currency revenue growth, adjusted EBIT, adjusted EBIT margin, net
earnings excluding specific items, net earnings margin excluding
specific items and diluted EPS excluding specific items are
non-GAAP financial measures or ratios. Earnings before income taxes
margin, net earnings margin, cash provided by operating activities
as a percentage of revenue, bookings, book-to-bill ratio, and
backlog are key performance measures. See "Non-GAAP and other key
performance measures" section of this press release for more
information, including quantitative reconciliations to the closest
International Financial Reporting Standards (IFRS Accounting
Standards) measure, as applicable. These are not standardized
financial measures under IFRS Accounting Standards and might not be
comparable to similar financial measures disclosed by other
companies.
|
|
2 Specific
items in Q4-F2024 include: $3.2 million in acquisition-related and
integration costs, net of tax; Specific items in Q4-F2023
include:
|
|
$6.7 million from the
cost optimization program, net of tax.
|
|
3 Specific
items in F2024 include: $5.1 million in acquisition-related and
integration costs and $68.1 million from the cost optimization
program, both net of tax; Specific items in F2023 include: $42.1
million in acquisition-related and integration costs and $6.7
million from the cost optimization program, both net of
tax.
|
MONTRÉAL, Nov. 6, 2024
/PRNewswire/ - CGI (TSX: GIB.A) (NYSE: GIB)
Q4-F2024 results
"I am pleased with CGI's fourth
quarter results as our team delivered increasing revenue growth,
sustained earnings expansion, and strong cash from operations,"
said François Boulanger, President and Chief Executive Officer.
"Looking ahead to fiscal year 2025, we continue to see
opportunities for CGI to deliver on our full offering value
proposition, which enables clients to achieve business outcomes. In
addition, our financial strength deepens our position as an active
consolidator."
For the fourth quarter of Fiscal 2024, the Company reported
revenue of $3.66 billion,
representing a year-over-year growth of 4.4%. When excluding
foreign currency variations, revenue grew by 2.0%
year-over-year.
Earnings before income taxes were $592.4
million, up 6.2% year-over-year, for a margin of 16.2%, up
30 basis points compared to the same period last year. Adjusted
EBIT was $600.2 million, up 4.7%
year-over-year, for a margin of 16.4%, up 10 basis points compared
to the same period last year.
Net earnings were $435.9 million,
up 5.2% compared with the same period last year, for a margin of
11.9%. Diluted earnings per share, as a result, were $1.91 compared to $1.76 last year, representing an increase
of 8.5%.
Net earnings excluding specific items1 were
$439.1 million, for a margin of
12.0%, representing an increase of 4.2% year-over-year. On
the same basis, diluted earnings per share increased by 7.3% to
$1.92, up from $1.79 for the same period last year.
Cash provided by operating activities was $629.1 million, representing 17.2% of
revenue.
Bookings were $3.82 billion,
representing a book-to-bill ratio of 104.4% or 109.3% on a trailing
twelve-month basis.
As of September 30, 2024, the
number of CGI consultants and professionals worldwide stood at
approximately 90,250.
During the fourth quarter of Fiscal 2024, the Company acquired
businesses for an investment of $330.2
million net of cash acquired, invested $81.6 million back into its business and
$49.4 million under its current
Normal Course Issuer Bid to pay for and cancel 338,500 of its Class
A subordinate voting shares.
F2024 results
The Company reported revenue of $14.68
billion, representing a year-over-year growth of 2.7%. When
excluding foreign currency variations, revenue grew by 0.9%
year-over-year.
|
____________________________________
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|
1 Specific
items in F2024 include: $5.1 million in acquisition-related and
integration costs and $68.1 million from the cost optimization
program, both net of tax; Specific items in F2023 include: $42.1
million in acquisition-related and integration costs and $6.7
million from the cost optimization program, both net of
tax.
|
Earnings before income taxes were $2.29
billion, up 4.2% year-over-year, for a margin of 15.6%, up
20 basis points compared to the same period last year.
Adjusted EBIT was $2.42 billion,
up 4.5% year-over-year, for a margin of 16.5%, up 30 basis points
compared to the same period last year.
Net earnings were $1.69 billion,
up 3.8% compared with the same period last year, for a margin of
11.5%. Diluted earnings per share, as a result, were $7.31 compared to $6.86 last year, representing an increase of
6.6%.
Net earnings excluding specific items2 were
$1.77 billion, for a margin of 12.0%,
representing an increase of 5.1% year-over-year. On the same basis,
diluted earnings per share increased by 7.8% to $7.62, up from $7.07 for the same period last year.
As of September 30, 2024, the
Company's backlog reached $28.72
billion or 1.9x annual revenue.
Cash provided by operating activities was $2.20 billion, or 15.0% of revenue, representing
an increase of 4.4% on a year-over-year basis.
During Fiscal 2024, the Company acquired businesses for an
investment of $380.3 million, net of
cash acquired. In addition, the Company invested $360.7 million back into its business and
$934.8 million under its previous and
current Normal Course Issuer Bid to pay for, cancel and settle
6,597,158 of its Class A subordinate voting shares.
Return on invested capital was 16.0%, remaining stable on a
year-over-year basis.
As at September 30, 2024,
long-term debt and lease liabilities, including both their current
and long-term portions, were $3.31
billion, down from $3.74
billion at the same time last year, primarily due to the
$670.4 million scheduled repayment of
a term loan. As of the same date, net debt stood at $1.82 billion, down from $2.13 billion at the same time last year. The net
debt-to-capitalization ratio was 16.2% at the end of September 2024, down 420 basis points when
compared to the prior year.
At the end of September 2024, with
cash and cash equivalents of $1.5
billion, and an undrawn revolving credit facility, the
Company had $3.0 billion in readily
available liquidity to pursue its Build and Buy profitable growth
strategy.
|
_______________________________
|
|
2 Specific items in F2024 include:
$5.1 million in acquisition-related and integration costs and $68.1
million from the cost optimization program, both net of tax;
Specific items in F2023 include: $42.1 million in
acquisition-related and integration costs and $6.7 million from the
cost optimization program, both net of tax.
|
|
Financial
highlights
|
Q4-F2024
|
Q4-F2023
|
F2024
|
F2023
|
|
In millions of
Canadian dollars except earnings per share and where
noted
|
|
|
|
|
|
Revenue
|
3,660.4
|
3,507.3
|
14,676.2
|
14,296.4
|
|
Year-over-year revenue
growth
|
4.4 %
|
8.0 %
|
2.7 %
|
11.1 %
|
|
Constant currency
revenue growth
|
2.0 %
|
2.2 %
|
0.9 %
|
8.0 %
|
|
Earnings before income
taxes
|
592.4
|
557.9
|
2,291.0
|
2,197.9
|
|
Margin %
|
16.2 %
|
15.9 %
|
15.6 %
|
15.4 %
|
|
Adjusted
EBIT
|
600.2
|
573.0
|
2,415.8
|
2,312.7
|
|
Margin %
|
16.4 %
|
16.3 %
|
16.5 %
|
16.2 %
|
|
Net earnings
|
435.9
|
414.5
|
1,692.7
|
1,631.2
|
|
Margin %
|
11.9 %
|
11.8 %
|
11.5 %
|
11.4 %
|
|
Net earnings excluding
specific items1
|
439.1
|
421.2
|
1,765.9
|
1,680.0
|
|
Margin %
|
12.0 %
|
12.0 %
|
12.0 %
|
11.8 %
|
|
Diluted EPS
|
1.91
|
1.76
|
7.31
|
6.86
|
|
Diluted EPS excluding
specific items1
|
1.92
|
1.79
|
7.62
|
7.07
|
|
Weighted average number
of outstanding shares (diluted)
In millions of
shares
|
228.8
|
235.7
|
231.7
|
237.7
|
|
Net finance
costs
|
4.4
|
6.1
|
27.9
|
52.5
|
|
Long-term debt and
lease liabilities2
|
3,308.4
|
3,742.3
|
3,308.4
|
3,742.3
|
|
Net
debt3
|
1,819.8
|
2,134.6
|
1,819.8
|
2,134.6
|
|
Net debt to
capitalization ratio3
|
16.2 %
|
20.4 %
|
16.2 %
|
20.4 %
|
|
Cash provided by
operating activities
|
629.1
|
628.7
|
2,205.0
|
2,112.2
|
|
As a percentage of
revenue
|
17.2 %
|
17.9 %
|
15.0 %
|
14.8 %
|
|
Days sales outstanding
(DSO)3
|
41
|
44
|
41
|
44
|
|
Purchase for
cancellation of Class A subordinate voting shares
|
49.4
|
324.7
|
934.8
|
788.0
|
|
Return on invested
capital (ROIC)3
|
16.0 %
|
16.0 %
|
16.0 %
|
16.0 %
|
|
Bookings
|
3,823
|
3,996
|
16,044
|
16,259
|
|
Backlog
|
28,724
|
26,059
|
28,724
|
26,059
|
To access the financial statements – click here
To access the MD&A – click here
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_________________________________
|
|
1 Specific
items in Q4-F2024 include: $3.2 million in acquisition-related and
integration costs, net of tax; Specific items in Q4-F2023 include:
$6.7 million from the cost optimization program, net of tax.
Specific items in F2024 include: $5.1 million in
acquisition-related and integration costs and $68.1 million from
the cost optimization program, both net of tax; Specific items in
F2023 include: $42.1 million in acquisition-related and integration
costs and $6.7 million from the cost optimization program, both net
of tax.
|
|
2 Long-term
debt and lease liabilities include both the current and long-term
portions of the long-term debt and lease liabilities.
|
|
3 Net debt,
net debt to capitalization ratio and ROIC are non-GAAP financial
measures or ratios. DSO is a key performance measure. See "Non-GAAP
and other key performance measures" section of this press release
for more information, including quantitative reconciliations to the
closest International Financial Reporting Standards (IFRS
Accounting Standards) measure, as applicable. These are not
standardized financial measures under IFRS Accounting Standards and
might not be comparable to similar financial measures disclosed by
other companies.
|
Declaration of Dividend
On November 5, 2024, the Company's
Board of Directors approved a quarterly cash dividend for holders
of Class A subordinate voting shares and Class B shares (multiple
voting) of $0.15 per share. This
dividend is payable on December 20,
2024 to shareholders of record as of the close of business
on November 20, 2024. The dividend is
designated as an "eligible dividend" for Canadian tax purposes.
Q4-F2024 results conference call
Management will host a conference call this morning at
9:00 a.m. (EST) to discuss results.
Participants may access the call by dialing +1-800-717-1738
Conference ID: 25981 or via cgi.com/investors. For those unable to
participate on the live call, a podcast and copy of the slides will
be archived for download at cgi.com/investors. Interested parties
may also access a replay of the call by dialing
+1-888-660-6264 Passcode: 25981, until December 6, 2024.
About CGI
Founded in 1976, CGI is among the largest independent IT and
business consulting services firms in the world. With 90,250
consultants and professionals across the globe, CGI delivers an
end-to-end portfolio of capabilities, from strategic IT and
business consulting to systems integration, managed IT and business
process services and intellectual property solutions. CGI works
with clients through a local relationship model complemented by a
global delivery network that helps clients digitally transform
their organizations and accelerate results. CGI Fiscal 2024
reported revenue is $14.68 billion
and CGI shares are listed on the TSX (GIB.A) and the NYSE (GIB).
Learn more at cgi.com.
Forward-looking information and statements
This press release contains "forward-looking information" within
the meaning of Canadian securities laws and "forward-looking
statements" within the meaning of the United States Private
Securities Litigation Reform Act of 1995 and other applicable
United States safe harbours. All
such forward-looking information and statements are made and
disclosed in reliance upon the safe harbour provisions of
applicable Canadian and United
States securities laws. Forward-looking information and
statements include all information and statements regarding CGI's
intentions, plans, expectations, beliefs, objectives, future
performance, and strategy, as well as any other information or
statements that relate to future events or circumstances and which
do not directly and exclusively relate to historical facts.
Forward-looking information and statements often but not always use
words such as "believe", "estimate", "expect", "intend",
"anticipate", "foresee", "plan", "predict", "project", "aim",
"seek", "strive", "potential", "continue", "target", "may",
"might", "could", "should", and similar expressions and variations
thereof. These information and statements are based on our
perception of historic trends, current conditions and expected
future developments, as well as other assumptions, both general and
specific, that we believe are appropriate in the circumstances.
Such information and statements are, however, by their very nature,
subject to inherent risks and uncertainties, of which many are
beyond the control of CGI, and which give rise to the possibility
that actual results could differ materially from our expectations
expressed in, or implied by, such forward-looking information or
forward-looking statements. These risks and uncertainties include
but are not restricted to: risks related to the market such as the
level of business activity of our clients, which is affected by
economic and political conditions, additional external risks (such
as pandemics, armed conflict, climate-related issues and inflation)
and our ability to negotiate new contracts; risks related to our
industry such as competition and our ability to develop and expand
our services to address emerging business demands and technology
trends (such as artificial intelligence), to penetrate new markets,
and to protect our intellectual property rights; risks related to
our business such as risks associated with our growth strategy,
including the integration of new operations, financial and
operational risks inherent in worldwide operations, foreign
exchange risks, income tax laws and other tax programs, the
termination, modification, delay or suspension of our contractual
agreements, our expectations regarding future revenue resulting
from bookings and backlog, our ability to attract and retain
qualified employees, to negotiate favourable contractual terms, to
deliver our services and to collect receivables, to disclose,
manage and implement environmental, social and governance (ESG)
initiatives and standards, and to achieve ESG commitments and
targets, including without limitation, our commitment to net-zero
carbon emissions, as well as the reputational and financial risks
attendant to cybersecurity breaches and other incidents, including
through the use of artificial intelligence, and financial risks
such as liquidity needs and requirements, maintenance of financial
ratios, our ability to declare and pay dividends, interest rate
fluctuations and changes in creditworthiness and credit ratings; as
well as other risks identified or incorporated by reference in this
press release, in CGI's annual MD&A and in other documents
that we make public, including our filings with the Canadian
Securities Administrators (on SEDAR+ at www.sedarplus.ca) and
the U.S. Securities and Exchange Commission (on EDGAR at
www.sec.gov). Unless otherwise stated, the forward-looking
information and statements contained in this press release are made
as of the date hereof and CGI disclaims any intention or obligation
to publicly update or revise any forward-looking information or
forward-looking statements, whether as a result of new information,
future events or otherwise, except as required by applicable law.
While we believe that our assumptions on which these
forward-looking information and forward-looking statements are
based were reasonable as at the date of this press release, readers
are cautioned not to place undue reliance on these forward-looking
information or statements. Furthermore, readers are reminded that
forward-looking information and statements are presented for the
sole purpose of assisting investors and others in understanding our
objectives, strategic priorities and business outlook as well as
our anticipated operating environment. Readers are cautioned that
such information may not be appropriate for other purposes.
Further information on the risks that could cause our actual
results to differ significantly from our current expectations may
be found in the section titled Risk Environment of CGI's annual
MD&A, which is incorporated by reference in this cautionary
statement. We also caution readers that the above-mentioned risks
and the risks disclosed in CGI's annual MD&A and other
documents and filings are not the only ones that could affect us.
Additional risks and uncertainties not currently known to us or
that we currently deem to be immaterial could also have a material
adverse effect on our financial position, financial performance,
cash flows, business or reputation.
Non-GAAP and other key performance measures
Non-GAAP financial measures and ratios used in this press
release: Constant currency revenue growth, adjusted EBIT, adjusted
EBIT margin, net earnings excluding specific items, net earnings
margin excluding specific items, diluted EPS excluding specific
items, net debt, net debt to capitalization ratio, and return on
invested capital (ROIC). CGI reports its financial results in
accordance with IFRS Accounting Standards. However, management
believes that these non-GAAP measures provide useful information to
investors regarding the company's financial condition and results
of operations as they provide additional measures of its
performance. These measures do not have any standardized meaning
prescribed by IFRS Accounting Standards and are therefore unlikely
to be comparable to similar measures presented by other issuers and
should be considered as supplemental in nature and not as a
substitute for the related financial information prepared in
accordance with IFRS Accounting Standards. Key performance measures
used in this press release: cash from operating activities as a
percentage of revenue, bookings, book-to-bill ratio, backlog, days
sales outstanding (DSO), earnings before income taxes margin, and
net earnings margin.
Below are reconciliations to the most comparable IFRS Accounting
Standards financial measures and ratios, as applicable.
The descriptions of these non-GAAP measures and ratios and other
key performance measures can be found on pages 3, 4 and 5 of our
F2024 MD&A which is posted on CGI's website, and filed
with the Canadian Securities Administrators on SEDAR+ at
www.sedarplus.ca and the U.S. Securities and Exchange Commission on
EDGAR at www.sec.gov.
Q4-F2024
Reconciliation between constant currency revenue growth and
growth
|
For the three months
ended September 30,
|
|
2024
|
2023
|
%
|
|
In thousands of CAD
except for percentages
|
|
|
Total CGI
revenue
|
3,660,391
|
3,507,336
|
4.4 %
|
|
Constant currency
revenue growth
|
2.0 %
|
|
|
|
Foreign currency
impact
|
2.4 %
|
|
|
|
Variation over
previous period
|
4.4 %
|
Reconciliation between earnings before income taxes and
adjusted EBIT
|
For the three months
ended September 30,
|
|
2024
|
% of
revenue
|
2023
|
% of
revenue
|
|
In thousands of CAD
except for percentage and shares data
|
|
|
|
|
|
Earnings before income
taxes
|
592,412
|
16.2 %
|
557,927
|
15.9 %
|
|
Plus the following
items:
|
|
|
|
|
|
Acquisition-related
and integration costs
|
3,443
|
0.1 %
|
—
|
— %
|
|
Cost Optimization
Program
|
—
|
— %
|
8,964
|
0.3 %
|
|
Net finance
costs
|
4,394
|
0.1 %
|
6,148
|
0.2 %
|
|
Adjusted
EBIT
|
600,249
|
16.4 %
|
573,039
|
16.3 %
|
Net earnings and Diluted EPS, excluding specific
items
|
For the three months
ended September 30,
|
|
2024
|
2023
|
Change
|
|
In thousands of CAD
except for percentage and shares data
|
|
|
|
|
Earnings before income
taxes
|
592,412
|
557,927
|
6.2 %
|
|
Add
back:
|
|
|
|
|
Acquisition-related
and integration costs
|
3,443
|
—
|
— %
|
|
Cost Optimization
Program
|
—
|
8,964
|
(100.0 %)
|
|
Earnings before
income taxes excluding specific items
|
595,855
|
566,891
|
5.1 %
|
|
Income tax
expense
|
156,489
|
143,451
|
9.1 %
|
|
Effective tax
rate
|
26.4 %
|
25.7 %
|
|
|
Add
back:
|
|
|
|
|
Tax deduction on
acquisition-related and integration costs
|
279
|
—
|
— %
|
|
Impact on effective
tax rate
|
(0.1 %)
|
— %
|
|
|
Tax deduction on Cost
Optimization Program
|
—
|
2,240
|
(100.0 %)
|
|
Impact on effective
tax rate
|
— %
|
— %
|
|
|
Income tax expense
excluding specific items
|
156,768
|
145,691
|
7.6 %
|
|
Effective tax
rate excluding specific items
|
26.3 %
|
25.7 %
|
|
|
Net earnings
excluding specific items
|
439,087
|
421,200
|
4.2 %
|
|
Net earnings
margin excluding specific items
|
12.0 %
|
12.0 %
|
|
|
Weighted average
number of shares outstanding
|
|
|
|
|
Class A subordinate
voting shares and Class B shares (multiple voting)
(basic)
|
225,247,324
|
231,931,083
|
(2.9 %)
|
|
Class A subordinate
voting shares and Class B shares (multiple voting)
(diluted)
|
228,777,092
|
235,703,369
|
(2.9 %)
|
|
Earnings per share
excluding specific items (in dollars)
|
|
|
|
|
Basic
|
1.95
|
1.82
|
7.1 %
|
|
Diluted
|
1.92
|
1.79
|
7.3 %
|
F2024
Reconciliation between constant currency revenue growth and
growth
|
For the years ended
September 30
|
|
2024
|
2023
|
%
|
|
In thousands of CAD
except for percentages
|
|
|
Total CGI
revenue
|
14,676,152
|
14,296,360
2.7%
|
|
Constant currency
revenue growth
|
0.9 %
|
|
|
|
Foreign currency
impact
|
1.8 %
|
|
|
|
Variation over
previous period
|
2.7 %
|
Reconciliation between earnings before income taxes and
adjusted EBIT
|
|
For the years ended
September 30,
|
|
|
2024
|
% of
revenue
2023
|
% of
revenue
|
|
In thousands of CAD
except for percentage
|
|
|
|
|
|
Earnings before income
taxes
|
2,290,951
|
15.6 %
|
2,197,913
|
15.4 %
|
|
Plus the following
items:
|
|
|
|
|
|
Acquisition-related
and integration costs
|
5,866
|
— %
|
53,401
|
0.4 %
|
|
Cost Optimization
Program
|
91,063
|
0.6 %
|
8,964
|
0.1 %
|
|
Net finance
costs
|
27,889
|
0.2 %
|
52,463
|
0.4 %
|
|
Adjusted
EBIT
|
2,415,769
|
16.5 %
|
2,312,741
|
16.2 %
|
Net earnings and Diluted EPS, excluding specific
items
|
For the years
ended September 30,
|
|
2024
|
2023
|
Change
|
|
In thousands of CAD
except for percentages and shares data
|
|
|
|
|
Earnings before income
taxes
|
2,290,951
|
2,197,913
|
4.2 %
|
|
Add
back:
|
|
|
|
|
Acquisition-related
and integration costs
|
5,866
|
53,401
|
(89.0 %)
|
|
Cost Optimization
Program
|
91,063
|
8,964
|
915.9 %
|
|
Earnings before
income taxes excluding specific items
|
2,387,880
|
2,260,278
|
5.6 %
|
|
Income tax
expense
|
598,236
|
566,664
|
5.6 %
|
|
Effective tax
rate
|
26.1 %
|
25.8 %
|
|
|
Add
back:
|
|
|
|
|
Tax deduction on
acquisition-related and integration costs
|
763
|
11,336
|
(93.3 %)
|
|
Impact on effective
tax rate
|
— %
|
(0.1 %)
|
|
|
Tax deduction on Cost
Optimization Program
|
22,956
|
2,240
|
924.8 %
|
|
Impact on effective
tax rate
|
(0.1 %)
|
— %
|
|
|
Income tax expense
excluding specific items
|
621,955
|
580,240
|
7.2 %
|
|
Effective tax
rate excluding specific items
|
26.0 %
|
25.7 %
|
|
|
Net earnings
excluding specific items
|
1,765,925
|
1,680,038
|
5.1 %
|
|
Net earnings
margin excluding specific items
|
12.0 %
|
11.8 %
|
|
|
Weighted average
number of shares outstanding
|
|
|
|
|
Class A subordinate
voting shares and Class B shares (multiple voting)
(basic)
|
228,074,108
|
234,041,041
|
(2.5 %)
|
|
Class A subordinate
voting shares and Class B shares (multiple voting)
(diluted)
|
231,672,861
|
237,702,081
|
(2.5 %)
|
|
Earnings per share
excluding specific items (in dollars)
|
|
|
|
|
Basic
|
7.74
|
7.18
|
7.8 %
|
|
Diluted
|
7.62
|
7.07
|
7.8 %
|
Reconciliation between long-term debt and lease liabilities
and net debt
|
As at September
30,
|
2024
|
2023
|
|
In thousands of CAD
except for percentages
|
|
|
|
Reconciliation
between long-term debt and lease liabilities1 and net
debt:
|
|
|
|
Long-term debt and
lease liabilities1
|
3,308,403
|
3,742,284
|
|
Minus the following
items:
|
|
|
|
Cash and cash
equivalents
|
1,461,145
|
1,568,291
|
|
Short-term
investments
|
3,279
|
7,332
|
|
Long-term
investments
|
24,209
|
17,113
|
|
Fair value of foreign
currency derivative financial instruments related to
debt
|
—
|
14,904
|
|
Net
debt
|
1,819,770
|
2,134,644
|
|
Net debt to
capitalization ratio
|
16.2 %
|
20.4 %
|
|
Return on invested
capital
|
16.0 %
|
16.0 %
|
|
Days sales
outstanding
|
41
|
44
|
|
1
|
As at September 30,
2024, long-term debt and lease liabilities were $2,688.3 million
($3,100.3 million as at September 30, 2023) and $620.1 million
($642.0 million as at September 30, 2023), respectively, including
their current portions.
|
View original
content:https://www.prnewswire.com/news-releases/cgi-reports-fourth-quarter-and-fiscal-2024-results-302297250.html
SOURCE CGI Inc.