GIB - CGI Inc. (GIB) Q1 2024 Earnings Call Transcript
2024-01-31 13:44:09 ET
CGI Inc. (GIB)
Q1 2024 Earnings Conference Call
January 31, 2024, 09:00 AM ET
Company Participants
Kevin Linder - SVP of Investor Relations
George Schindler - President and CEO
Steve Perron - EVP and CFO
Conference Call Participants
Stephanie Price - CIBC
Thanos Moschopoulos - BMO Capital Markets
Paul Treiber - RBC
Richard Tse - National Bank Financial
Tyler DuPont - Bank of America
Divya Goyal - Scotiabank
Robert Young - Canaccord Genuity
Daniel Chan - TD Cowen
Presentation
Operator
Good morning, ladies and gentlemen, and welcome to CGI's First Quarter Fiscal 2024 Conference Call. And I would like to turn the meeting over to Mr. Kevin Linder, SVP of Investor Relations. Please go ahead, Mr. Linder.
Kevin Linder
Thank you, Sylvie, and good morning. With me to discuss CGI's first quarter fiscal 2024 results are George Schindler, our President and CEO; and Steve Perron, Executive Vice President and CFO. This call is being broadcast on cgi.com and recorded live at 9:00 a.m. Eastern Time on Wednesday, January 31, 2024. So supplemental slides as well as the press release we issued earlier this morning are available for download along with our Q1 MD&A, financial statements and accompanying notes, all of which have been filed with both SEDAR+ and EDGAR.
Please note that some statements made on the call may be forward-looking. Actual events or results may differ materially from those expressed or implied, and CGI disclaims any intent or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. The complete safe harbor statement is available in both our MD&A and press release as well as on cgi.com. We recommend our investors read it in its entirety. We are reporting our financial results in accordance with International Financial Reporting Standards or IFRS.
As always, we will also discuss non-GAAP performance measures, which should be viewed as supplementental. The MD&A contains definitions of each one used in our reporting. All of the dollar figures expressed on this call are Canadian, unless otherwise noted. We are also hosting our Annual General Meeting this morning, so we hope you will join us live via the broadcast at 11 a.m.
I'll now turn it over to Steve to review our Q1 financials, and then George will comment on our business and market outlook. Steve?
Steve Perron
Thank you, Kevin, and good morning, everyone. I'm pleased to share with you the results of our first quarter of fiscal 2024. In Q1, we delivered $3.6 billion of revenue, up 4.4% year-over-year or up 1.5% when excluding the impact of foreign exchange. The growth was balanced between Europe and North America. From an industry perspective, we have particular strength in government with 7.5% constant currency growth and in Communication and Utilities with 6.7% constant currency growth....
CGI Inc. (GIB) Q1 2024 Earnings Call Transcript