CGI reports fourth quarter and Fiscal 2024 results
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CGI reported strong financial results for Q4 and Fiscal 2024, with revenue and earnings growth. Q4 revenue increased by 4.4% to $3.66 billion, and diluted EPS rose by 8.5% to $1.91. Fiscal 2024 revenue was $14.68 billion, with a 6.6% increase in diluted EPS to $7.31. The company also reported a healthy book-to-bill ratio and backlog.
November 06, 2024 | 11:45 am
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POSITIVE IMPACT
CGI's Q4 and Fiscal 2024 results show strong financial performance with increased revenue and earnings. The company reported a 4.4% increase in Q4 revenue and an 8.5% rise in diluted EPS. Fiscal 2024 revenue grew by 2.7%, and diluted EPS increased by 6.6%.
The reported increase in revenue and earnings, along with a strong book-to-bill ratio, indicates positive financial health and potential for future growth. This is likely to have a positive impact on CGI's stock price in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100