The rise in profits came as CGI reported a revenue this quarter totalling nearly
“Given the positive market dynamics and strong bookings in the last few quarters, we would like to reiterate our expectation of returning to year-over-year revenue growth in the second half of fiscal 2021,” said
“We will remain disciplined in investing our cash and are ready to deploy our substantial capital capacity on increasing acquisitions.”
CGI earned
Excluding acquisition-related integration and restructuring costs, CGI says its adjusted profit was
The company was expected to report
The technology and business consulting firm said bookings in the quarter were
Chief executive officer
“We do expect that to continue,” said Schindler, who fielded questions from shareholders about how the organization's second-quarter results will translate in the long term.
“It’s very clear that we’re still in the early stages of the digital transformation that many of our clients will have to go through.”
Schindler listed large-scale projects around data modernization with a
The company said it saw particular revenue strength in its operations in central and eastern
Schindler said the company’s aspirations remain to double its size in the next five to seven years, and said the type of demand around IT modernization caused by the pandemic fits in CGI’s operating sweet spot.
“Clients more than ever are open to these new ideas and new partners, and that’s where some of our new work comes from,” said Schindler.
“Many of our clients are recognizing that there’s technical debt that has been built up that they thought they could get around because they had a slightly longer runway to get there, and I think that the compression and acceleration (from the pandemic) has caused this IT modernization.”
CGI's shares closed up
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