CGI reports strong fourth quarter and Fiscal 2023 results
MONTRÉAL, Nov. 8, 2023 /PRNewswire/ - CGI (TSX: GIB.A) (NYSE: GIB)
- MONTRÉAL, Nov. 8, 2023 /PRNewswire/ - CGI (TSX: GIB.A) (NYSE: GIB)
For the fourth quarter of Fiscal 2023, the Company reported revenue of $3.51 billion, representing a year-over-year increase of 8.0%. - "CGI's resilience and strong positioning—strategically, operationally, and financially—underpinned our team's ability to deliver on our profitable growth plan for the fourth quarter and fiscal year 2023," said George D. Schindler, President and Chief Executive Officer.
- As of September 30, 2023, the number of CGI consultants and professionals worldwide stands at approximately 91,500, representing a year-over-year net increase of 1,500 people and stable on a sequential quarter basis.
- During the fourth quarter of Fiscal 2023, the Company invested $107.0 million back into its business and $324.7 million under its current Normal Course Issuer Bid to purchase for cancellation 2,398,900 of its Class A subordinate voting shares.