Analyst Commentary

Despite headwinds from unfavorable currency swings, CGI remains on track with its IP30 initiative to align to client demand for digital transformation

CGI’s revenue declined 0.9% year-to-year in CAD (up 5.6% on a constant currency basis and up 2.7% in USD, reflecting the impact of foreign currency exchange) in 1Q17

Growth in CGI’s home market of Canada was supported by higher revenues in the U.S. and in France, as CGI booked new business in the financial services, government (particularly in the U.S. federal market) and manufacturing sectors. Revenue expansion across North America and France, however, was offset by lower work volumes, project completions and unfavo...

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