The Montreal group CGI reported on Wednesday an increase in its revenue and profit in the first quarter of fiscal year 2022.
• Read also: Invest while sleeping well at night
The computer firm recorded revenues of 3.09 GS, up 6.8% over the corresponding quarter, while net profit rose 11.9% to $367.4 million.
Diluted earnings per share increased 12.9% to $1.49 for the same period.
CGI’s cash flow from operating activities was around $484.3 million, or 15.7% of its revenues, during the first quarter.
CGI reported new contracts signed worth $3.6 billion, while the value of its backlog nearly doubled its annual revenue.
“CGI entered fiscal 2022 with strong results. We are indeed seeing accelerating revenue growth, a strong portfolio of new signed contracts and an increase in earnings per share of more than 10%,” said George D. Schindler, President and Chief Executive Officer of CGI. .
“With a net gain of 6,000 employees over the last 12 months, our goal remains to generate revenue growth and an increase in earnings per share of more than 10% for fiscal year 2022”, he anticipated.