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CGI Inc.’s AI Pipeline Nearly Doubles — Can Contracts Follow?

CGI Inc. reported a third quarter fiscal 2026 revenue of CAD 4.2 billion, reflecting a 2.5% year-over-year increase, primarily driven by recent acquisitions contributing approximately 2.5% growth. Organic growth was notably supported by North American financial services clients leveraging global delivery centers, resulting in a 9.7% rise in the Asia-Pacific segment and an 8.6% increase in Western and Southern Europe following the acquisition of Apside. The U.S. Federal segment showed sequential improvement with 2.5% year-over-year organic growth. Bookings for the quarter matched revenue at CAD 4.2 billion, maintaining a book-to-bill ratio of 100%, while the trailing 12-month booking ratio was 108%, supported by strong Managed Services bookings at 115%. The company’s contracted backlog stood at CAD 31.8 billion, representing 1.9 times annual revenue, with over CAD 12 billion expected to be realized within the next 12 months, marking a 5% increase from the prior quarter.