CGI Inc: Initiation Of Coverage- Expansion in Financial Services and Government Sectors & Major Growth Drivers!

CGI’s third quarter fiscal 2025 results highlight a company navigating a complex landscape with strategic growth initiatives that blend organic and inorganic strategies, balancing capital allocation between acquisitions, share buybacks, and shareholder returns. The company reported an 11.4% year-over-year increase in revenue to $4.1 billion, primarily driven by recent acquisitions and strong performance in the financial services sector. However, when excluding foreign exchange impacts, this growth rate moderates to 7%, suggesting that underlying organic growth is less robust than headline figures might suggest.