07:09 AM EDT, 04/30/2025 (MT Newswires) -- CGI (GIB-A.TO, GIB), an IT and business consulting services company, shed 1% in U.S. pre-market trading on Wednesday as it reported in-line earnings for the second quarter while flagging higher restructuring costs to come.

For Q2, CGI posted adjusted earnings per share of $2.12, meeting a FactSet estimate. Revenue came in at $4.02 billion compared with a FactSet estimate of $4 billion.

Among other highlights, the company cited cash provided by operating activities of $438.2 million, representing 10.9% of revenue; bookings of $4.48 billion, for a book to bill ratio of 111.5% or 110.6% on a trailing 12-month basis; and backlog of $30.99 billion or 2.0 times annual revenue.

The board approved a quarterly cash dividend for Class A subordinate voting shares and Class B shares of $0.15 per share. The dividend is payable on June 20 to shareholders of record May 16.

"We remain in constant dialogue with our clients regarding the evolving business dynamics they are facing. To remain strong, we regularly assess these dynamics and take proactive actions to expand shareholder value for the benefit of our stakeholders," said Francois Boulanger, president and CEO. "As such, CGI increased the scope of our previously announced restructuring program, most of which continues to be targeted within our Continental Europe operations."

He noted CGI incurred $44.2 million of costs this quarter and expects to incur an additional $137.0 million to implement these actions over the next few quarters.

CGI rose 1.1% on the TSX yesterday.