CGI Group, Inc. (GIB) CEO George Schindler at Q3 2019 Results – Earnings Call TranscriptSeeking Alpha #George_Schindler

CGI Group, Inc. (GIB) CEO George Schindler at Q3 2019 Results – Earnings Call TranscriptSeeking Alpha #George_Schindler

July 31, 2019 0 By NewsTakers

The stand-alone UK business continues to demonstrate strength with organic growth of 2% in the quarter and a strong EBIT margin of 16%.
Turning to our Asia-Pacific global delivery operations, revenue grew 8% across the region, and EBIT margin was 27.9% in the quarter.
And you talked a little bit on the call about the infrastructure business in Canada in terms of rightsizing that business.
And I’ll point out – I think I made this point maybe last quarter, but when we look at the voice of our client results, what we see is our clients continue to say – more than half our clients say the deals are getting bigger over the next three years.
It could as part of that end-to-end offering, it should and will drive some growth in our infrastructure business.
And again, if anything, I would say our IT demand in a slower growth market is actually higher because it can accelerate our clients’ IT investments and business returns.
Good morning, and thanks for taking my question.
We’re very disciplined to go after deals that we can make bring value to the government customer and therefore drive higher margins for CGI.
But the good news is, it’s in and it’s IP, and it’s going to drive growth for us in the future both top and bottom line.
And yes, we’re taking the opportunity, as we bring in Acando, to make sure that we have the best mix of business to drive forward.

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