Description

CGI Inc.: The Nordic Procurement Delay And U.S. Federal Slowdown Are The Real Stress Test!

The company reported its second quarter fiscal 2026 financial results demonstrating continued revenue growth, profitability and strategic progress particularly in its enterprise AI initiatives. Revenue increased 3.3% year-over-year to $4.2 billion, driven primarily by business acquisitions and strong demand in its Asia-Pacific delivery centers as well as its U.K., Australia, and Western and Southern Europe segments. Adjusted EBIT grew 3.9% to $692 million with margins slightly improving to 16.6%, while adjusted net earnings rose to $483 million, reflecting an 11.6% margin and a 7.1% increase in diluted EPS to $2.27. Bookings remained robust at $4.3 billion, yielding a book-to-bill ratio of 104%, supported by strength in the U.S. Federal segment and across key European markets despite some delays in decision-making notably in the Nordic region. The contract backlog increased to $31.5 billion, equivalent to 1.