Earnings Call Summary | CGI Inc(GIB.US) Q2 2024 Earnings Conference
Earnings Call Summary | CGI Inc(GIB.US) Q2 2024 Earnings Conference
The following is a summary of the CGI Inc. (GIB) Q2 2024 Earnings Call Transcript:
以下是CGI公司(GIB)2024年第二季度财报电话会议记录的摘要:
Financial Performance:
财务业绩:
CGI reported Q2 2024 revenue of CAD 3.7 billion, a slight increase of 0.7% year-over-year.
The company saw Earnings Before Interest and Taxes (EBIT) of CAD 628 million, marking a 16.8% margin, a 60 basis point increase year-over-year, primarily credited to more IP-based revenues and cost optimization benefits.
Net earnings stood at CAD 427 million.
Operating activities provided CAD 502 million in cash, up by 7% year-over-year, representing 13.4% of total revenue.
The company made a return of 15.9% on invested capital, which is 30 basis points higher than the previous year.
CGI报告称,2024年第二季度收入为37亿加元,同比小幅增长0.7%。
该公司的息税前收益(EBIT)为6.28亿加元,利润率为16.8%,同比增长60个基点,这主要归因于更多的知识产权收入和成本优化收益。
净收益为4.27亿加元。
经营活动提供了5.02亿加元的现金,同比增长7%,占总收入的13.4%。
该公司的投资资本回报率为15.9%,比上年高出30个基点。
Business Progress:
业务进展:
The company noted improved utilization as it focuses on growing industries like government, transportation, and utilities.
IP revenue witnessed a 6.5% increase in constant currency.
The company continues to heavily invest in AI and generative AI capabilities, with plans of embedding AI across its IP portfolio.
CGI is actively pursuing acquisitions that would boost its earnings and intends on share repurchases or paying down debt as needed.
The company reported significant bookings in integrated AI technologies, exceeding $200 million for Q2.
CGI is focused on digital modernization projects and the anticipated increase in digital spending.
There is significant growth stemming from managed services, which offsets slower spending in Systems Integration & Consulting (SI&C).
60% of the company's IP revenue now comes from software-as-a-service offerings. They also continue to introduce new technologies, primarily AI, into their operational IP elements.
该公司指出,由于专注于政府、交通和公用事业等成长型行业,利用率有所提高。
知识产权收入按固定货币计算增长了6.5%。
该公司继续大力投资人工智能和生成人工智能能力,并计划将人工智能嵌入其知识产权投资组合。
CGI正在积极寻求能够提高其收益的收购,并打算根据需要进行股票回购或偿还债务。
该公司报告了集成人工智能技术的大量预订,第二季度超过2亿美元。
CGI专注于数字现代化项目和数字支出的预期增长。
托管服务带来了显著的增长,这抵消了系统集成与咨询(SI&C)支出的放缓。
现在,该公司60%的知识产权收入来自软件即服务产品。他们还继续在其运营知识产权元素中引入新技术,主要是人工智能。
More details: CGI Inc IR
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