CGI reported second quarter Fiscal 2025 revenue of $4.02 billion, representing a 7.6% year-over-year growth, or 3.3% in constant currency. Adjusted earnings before interest and taxes (EBIT) reached $665.7 million, up 5.9% year-over-year, with a margin of 16.5%, a decrease of 30 basis points. Diluted earnings per share (EPS) increased by 3.3% to $1.89, while adjusted diluted EPS rose 7.6% to $2.12.
Cash provided by operating activities for the quarter was $438.2 million, representing 10.9% of revenue. Bookings were strong at $4.48 billion, resulting in a book-to-bill ratio of 111.5%, reflecting sustained client confidence. The company's backlog stood at $30.99 billion as of March 31, 2025, equivalent to 2.0 times annual revenue, providing solid revenue visibility.
CGI invested $1,560.6 million in acquisitions net of cash acquired during the quarter, and repurchased $344.6 million in Class A subordinate voting shares. The company also increased the scope of its previously announced restructuring program, incurring $44.2 million in costs this quarter and expecting an additional $137.0 million over the next few quarters, primarily in Continental Europe, to optimize costs and improve profitability. Long-term debt and lease liabilities increased to $4.37 billion, mainly due to $1,671.0 million in senior unsecured notes issuance, raising net debt to $3.24 billion.
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