CGI has announced results for Q3 FY22, for the period ending June 30, 2022.

Q3 FY22:

• Revenue was CDN$3,258.6m, up 7.9% y/y, up 11.5% y/y in CC
• EBIT is CDN$371.2m, a margin of 11.4%, down 352 bps y/y
• Adjusted EBIT is CDN$519.9m, a margin of 16.0%, up 17 bps y/y.

Q3 FY22 revenue breakdown by operating unit (and y/y revenue growth on an actual and constant currency basis) was:

• Western and Southern Europe CDN$553m (+13.2%, +23.2% CC)
• U.S Commercial and State Government CDN$528m (+17.9%, +13.6% CC)
• Canada CDN$524m (+18.2%, +18.2% in CC)
• U.S. Federal CDN$433m (+11.2%, +7.0% CC)
• Scandinavia and Central Europe   CDN$399m (-6.1%,  +3.8% CC)
• UK and Australia CDN$318m (-3.7%, +3.1% CC)
• Finland, Poland & Baltics CDN$182m (-3.4%, +5.5% in CC)
• Northwest and Central East Europe CDN$161m (-6.5%, +1.3% in CC)
• Asia-Pacific CDN$208m (+42.6%, +23.3% CC).

Q3 FY22 adjusted EBIT margin by operating unit (and in the prior year quarter) is:

• Western and Southern Europe 12.7% (13.3%)
• U.S Commercial and State Government 14.3% (16.6%)
• Canada 21.7% (22.9%)
• U.S. Federal 18.2% (18.6%)
• Scandinvia and Central Europe 8.3% (7.1%)
• UK and Australia  13.3% (13.0%)
• Finland, Poland & Baltics 12.4% (13.7%)
• Northwest and Central East Europe 12.4% (13.7%)
• Asia-Pacific 30.7% (30.0%)

Q3 FY22 revenue share by vertical (with NelsonHall estimated approximate revenue and y/y growth) was:

• Government 34% (~CDN$1,108m, +7.9%)
• Financial services 24% (~CDN$782m, +17.7%)
• Telecoms & utilities 13% (~CDN$424m, +0.1%)
• Manufacturing retail & distribution 23% (~CDN$749m, +3.4%)
• Healthcare 6% (~CDN$196m, +7.9%).

Q3 FY22 revenue mix by service type (with NelsonHall estimated approximate revenue and y/y growth) is:

• Consulting & systems integration 54% (~CDN$1,760m, +29.4%).
• IT outsourcing 46% (~CDN$1,499m, -9.8%)

Q3 FY22 bookings were CDN$3,410m (Q2 FY 2021: CDN$3,634m), a book-to-bill ratio of 97.8%.

Backlog at the end of Q3 FY22 was CDN $23,238m, up from CDN$23,345m at the end of Q3 FY21.