CGI has announced results for Q1 2021, for the period ending December 31, 2020.
Q1 FY 2021:
- Revenue was CDN$3,019m, down 1.2% y/y, down 3.6% y/y in CC
- EBIT is CDN$343.5m, a margin of 11.4%, down 159 bps y/y
- Adjusted EBIT is CDN$484m, a margin of 156.0%, up 50 bps y/y.
Q1 FY 2021 revenue breakdown by operating unit (and y/y revenue growth on an actual and constant currency basis) is:
- Western and Southern Europe CDN$480m (-2.7%, -8.5% CC)
- U.S Commercial and State Government CDN$436m (-2.6%, -1.5% CC)
- Canada CDN$430m (-1.4%, -1.5% in CC)
- U.S. Federal CDN$411m (-2.6%, -1.4% CC)
- U.K and Australia CDN$328m (+0.6%, -0.8 CC)
- Central and Eastern Europe CDN$318m (+6.9%, +0.9% CC)
- Scandinavia CDN$275m (-9.5%, -16.3% CC).
- Finland, Poland & Baltics CDN$208m (+4.5%, -1.6% in CC)
- Asia-Pacific CDN$162m (+0.7%, +4.7% CC).
Q1 FY 2021 adjusted EBIT margin by operating unit (and in the prior year quarter) is:
- Western and Southern Europe 13.8% (14.9%)
- U.S Commercial and State Government 15.4% (15.1%)
- Canada 23.0% (22.8%)
- U.S. Federal 13.4% (13.3%)
- U. .K and Australia 17.9% (14.7%)
- Central and Eastern Europe 13.2% (10.5%)
- Scandinavia 8.8% (7.8%)
- Finland, Poland & Baltics 14.9% (14.9%)
- Asia-Pacific 32.4% (28.0%)
Q1 FY 2021 revenue share by vertical (with NelsonHall estimated approximate revenue and y/y growth) is:
- Government 33% (~CDN$996m, -1.2%)
- Financial services 22% (~CDN$664m, +3.6%)
- Telecoms & utilities 14% (~CDN$423m, -1.2%)
- Manufacturing retail & distribution 24% (~CDN$725m, -5.1%)
- Healthcare 7% (~CDN$211m, -1.2%).
Q1 FY 2021 revenue mix by service type (with NelsonHall estimated approximate revenue and y/y growth) is:
- Consulting & systems integration 45% (~CDN$1,359m, -3.3%).
- IT outsourcing 55% (~CDN$1,661m, +0.7%)
Q1 FY 2021 bookings are CDN$3,397m (Q1 FY 2020: CDN$2,749m), a book-to-bill ratio of 103%.
Backlog at end Q1 FY 2021 is CDN$22,769m, up from CDN$22,673m at end Q4 FY 2020.
Vendor | CGI |
Initial currency type (specify local currency used) | CDN$ |
Period Ending | 2020-12-31 |
Growth | -1.2 |
Revenues ((m) in local currency | 3019 |
Revenues (in $m at that date) | 3019 |