CGI shares rose after Q1 earnings and revenue exceeded expectations, and the Board approved a 10% NCIB for share repurchase.

CGI shares rose after the company reported first-quarter earnings and revenue that exceeded expectations, continuing their performance based on outcome-focused solutions. The Montreal-based company also announced that its Board of Directors has approved a renewal of its Normal Course Issuer Bid (NCIB) to repurchase up to 20,457,737 Class A shares for cancellation, representing 10% of the public float as of January 23, 2024, subject to Toronto Stock Exchange approval.

January 31, 2024
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