CGI Inc. (NYSE:GIB ) Q3 2025 Earnings Conference Call July 30, 2025 9:00 AM ET Company Participants Francois Boulanger - President, CEO & Director Kevin Morris Linder - Senior Vice President of Investor Relations Steve Perron - Executive VP & CFO Conference Call Participants Divya S. Goyal - Scotiabank Global Banking and Markets, Research Division Jerome Dubreuil - Desjardins Securities Inc., Research Division Paul Michael Treiber - RBC Capital Markets, Research Division Richard Tse - National Bank Financial, Inc., Research Division Stephanie Doris Price - CIBC Capital Markets, Research Division Surinder Singh Thind - Jefferies LLC, Research Division Suthan Sukumar - Stifel Nicolaus Canada Inc., Research Division Thanos Moschopoulos - BMO Capital Markets Equity Research Operator Good morning, ladies and gentlemen.

CGI Group (GIB) came out with quarterly earnings of $1.52 per share, beating the Zacks Consensus Estimate of $1.51 per share. This compares to earnings of $1.4 per share a year ago.

Stock Market Symbols GIB.A (TSX) GIB (NYSE) cgi.com/newsroom Revenue up 11.4% year-over-year Q3-F2025 performance highlights Revenue of $4.09 billion, up 11.4% year-over-year or 7.0% year-over-year in constant currency1; Earnings before income taxes of $551.6 million, down 7.1% year-over-year, for a margin1 of 13.5%; Adjusted earnings before interest and taxes1 of $666.1 million, up 10.5% year-over-year, for a margin1 of 16.3%; Net earnings of $408.6 million for a margin1 of 10.0%, and diluted EPS of $1.82, down 4.7% year-over-year; Adjusted net earnings1,2 of $470.1 million for a margin1 of 11.5%, and adjusted diluted EPS1,2 of $2.10, up 9.9% year-over-year; Cash provided by operating activities of $486.6 million, representing 11.9% of revenue1; Bookings1 of $4.15 billion, for a book-to-bill ratio1 of 101.4% or 106.7% on a trailing twelve-month basis; and Backlog1 of $30.58 billion or 2.0x annual revenue. Note: All figures in Canadian dollars.

Stock Market SymbolsGIB.A (TSX) GIB (NYSE) cgi.com/newsroom  The human-centric AI platform drives agile, efficient and resilient performance at scale LISBON, Portugal , July 28, 2025 /PRNewswire/ - CGI (TSX: GIB.A) (NYSE: GIB), one of the largest independent IT and business consulting services firms in the world, announces the launch of CGI SpeedOps, a business operations transformation solution that combines advanced technologies, including AI, with business expertise to deliver agile operations and sustainable value for clients across commercial and public sector industries. "By harnessing AI, cloud, automation, and data-driven insights, CGI SpeedOps helps clients achieve faster, smarter, and more adaptive outcomes," said Dave Henderson, President, Intelligent Solutions and Innovation, CGI.

I initiate CGI Inc. with a Sell rating and fair value of CAD $109, or US$79 due to growth headwinds, especially from U.S. federal government exposure. CGI faces weak bookings, U.S. government IT project cuts, and restructuring challenges in Europe, limiting near-term topline growth. Despite a strong balance sheet and ongoing share buybacks, I expect only low-single-digit revenue growth in FY25, below historical norms.

Stock Market Symbols GIB.A (TSX) GIB (NYSE) cgi.com/newsroom Enhancements to improve efficiency, security, and accessibility for the state's caregiver payment platform SACRAMENTO, Calif. , July 24, 2025 /PRNewswire/ - CGI (TSX: GIB.A) (NYSE: GIB), one of the world's leading independent technology and professional services firms, today announced a three-year, US$200-million contract extension with the State of California.

Stock Market SymbolsGIB.A (TSX)GIB (NYSE) cgi.com/newsroom MONTRÉAL, July 23, 2025 /PRNewswire/ - CGI (TSX: GIB.A) (NYSE: GIB) will release results for its third quarter fiscal year 2025, ended June 30, 2025, on Wednesday, July 30, 2025 before the markets open. Management will host a conference call to discuss results and answer questions at 9:00 a.m.

Stock Market Symbols GIB.A (TSX) GIB (NYSE) cgi.com/newsroom CGI global research highlights maturing AI implementation, rising cloud adoption, and a shift toward fewer enterprise-level partners MONTRÉAL, June 23, 2025 /PRNewswire/ - CGI (TSX: GIB.A) (NYSE: GIB), one of the largest independent IT and business consulting services firms in the world, today released the findings of its annual global proprietary research based on discussions with more than 1,800 business and technology executives, of whom 80% are C-level. This year's research highlights three overarching insights shaping the business and technology strategies of commercial and government organizations: Value chain evolution across industries is accelerating.

Agency will enhance financial sustainability and operational efficiency with deployment of CGI Advantage® Performance Budgeting   DENVER , May 8, 2025 /PRNewswire/ -- CGI (TSX: GIB.A) (NYSE: GIB), one of the world's largest independent technology and professional services companies, today announced the award of a 10-year contract extension with Colorado Parks and Wildlife (CPW). The ongoing partnership underscores CGI's commitment to supporting CPW's mission through advanced performance budgeting and transformed operational solutions.

CGI Group (GIB) came out with quarterly earnings of $1.48 per share, missing the Zacks Consensus Estimate of $1.50 per share. This compares to earnings of $1.46 per share a year ago.