CGI has announced results for Q2 2021, for the period ending March 31, 2021.
Q2 FY 2021:
- Revenue was CDN$3,079m, down 1.7% y/y, down 1.7% y/y in CC
- EBIT is CDN$486.3m, a margin of 14.9%, up 134 bps y/y
- Adjusted EBIT is CDN$486m, a margin of 15.8%, up 37 bps y/y.
Q2 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$514m (-2.8%, -5.4% CC)
- U.S Commercial and State Government CDN$431m (-8.0%, -2.3% CC)
- Canada CDN$444m (+1.9%, +1.9% in CC)
- U.S. Federal CDN$400m (-4.1%, +1.9% CC)
- U.K and Australia CDN$345m (+0.2%, -1.6 CC)
- Central and Eastern Europe CDN$337m (+8.8%, +5.9% CC)
- Scandinavia CDN$274m (-7.0%, -13.5% CC).
- Finland, Poland & Baltics CDN$198m (-1.6%, -4.3% in CC)
- Asia-Pacific CDN$166m (-1.3%, +4.7% CC).
Q2 FY 2021 adjusted EBIT margin by operating unit (and in the prior year quarter) is:
- Western and Southern Europe 14.5% (16.1%)
- U.S Commercial and State Government 14.3% (14.9%)
- Canada 22.1% (21.0%)
- U.S. Federal 14.0% (11.8%)
- U. .K and Australia 18.0% (15.5%)
- Central and Eastern Europe 10.7% (9.9%)
- Scandinavia 6.4% (8.3%)
- Finland, Poland & Baltics 14.2% (15.8%)
- Asia-Pacific 31.7% (28.2%)
Q2 FY 2021 revenue share by vertical (with NelsonHall estimated approximate revenue and y/y growth) is:
- Government 34% (~CDN$1,047m, -1.7%)
- Financial services 22% (~CDN$677m, +3.0%)
- Telecoms & utilities 14% (~CDN$431m, +5.9%)
- Manufacturing retail & distribution 24% (~CDN$739m, -5.6%)
- Healthcare 6% (~CDN$185m, -15.7%).
Q1 FY 2021 revenue mix by service type (with NelsonHall estimated approximate revenue and y/y growth) is:
- Consulting & systems integration 45% (~CDN$1,385m, -16.5%).
- IT outsourcing 55% (~CDN$1,693m, +15.1%)
Q2 FY 2021 bookings are CDN$3,892m (Q2 FY 2020: CDN$2,783m), a book-to-bill ratio of 112.6%.
Backlog at end Q2 FY 2021 is CDN$23,094m, up from CDN$22,769m at end Q1 FY 2021.
Vendor | CGI |
Initial currency type (specify local currency used) | CDN$ |
Period Ending | 2021-03-31 |
Growth | -1.7 |
Revenues ((m) in local currency | 3079 |
Revenues (in $m at that date) | 3079 |