CGI reported third quarter Fiscal 2025 revenue of $4.09 billion, representing an 11.4% year-over-year growth, or 7.0% in constant currency. Adjusted earnings before interest and taxes (EBIT) reached $666.1 million, up 10.5% year-over-year, with a margin of 16.3%, a decrease of 10 basis points. Diluted earnings per share (EPS) was $1.82, a decrease of 4.7% year-over-year, while adjusted diluted EPS rose 9.9% to $2.10.
Cash provided by operating activities for the quarter was $486.6 million, representing 11.9% of revenue. Bookings were $4.15 billion, resulting in a book-to-bill ratio of 101.4%, indicating continued client demand. The company's backlog stood at $30.58 billion as of June 30, 2025, equivalent to 2.0 times annual revenue, providing strong revenue visibility.
CGI incurred $45.5 million in restructuring costs and $38.1 million in acquisition and related integration costs during the quarter, impacting net earnings. The company expects to incur approximately $100.0 million to complete its restructuring program over the remainder of calendar 2025. Long-term debt and lease liabilities increased to $4.24 billion, mainly due to the issuance of senior unsecured notes, raising net debt to $3.12 billion. CGI also invested $286.2 million in share buybacks during the quarter.
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