CGI Inc.

Good morning, ladies and gentlemen. Welcome to CGI's third quarter fiscal 2025 conference call. I would now like to turn the meeting over to Mr. Kevin Linder, SVP of Investor Relations. Go ahead, Mr. Linder.

Thank you, Joelle, and good morning. With me to discuss CGI's third quarter fiscal 2025 results are Francois Boulanger, 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 a.m. Eastern time on Wednesday, July 30th, 2025. Supplemental slides as well as a press release we've issued earlier this morning are available for download along with our Q3 MD&A financial statements and accompanying notes, all of which have been filed with both Cedar Plus 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 supplemental. 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. Now I'll turn the call over to Steve to review our Q3 financial results. Steve.

Thank you, Kevin, and good day, everyone. In our third quarter of Cisco 2025, we continued to demonstrate discipline in managing our operations. We delivered $4.1 billion of revenue, up .4% -over-year, or up 7% when excluding the impact of foreign exchange. Growth was mainly driven by recent business acquisitions and continued momentum in the financial services sector. In constant currency, the CGI client proximity segments with the strongest growth were UK and Australia at 37%, which incorporates a full quarter's revenue of BJSS. And across our U.S. segments, combined growth was 9%, primarily driven by our Aon and Aon. Geographically, our growth was balanced with North American operations at .4% and growth in our European segments at 6.6%. And demand remained strong for our Asia-Pacific offshore delivery, with revenue up 6.4%. From an industry perspective, constant currency revenue growth was led by financial services at .6% and government at 8.7%, partially offset by continued softness in continental Europe, particularly in the MRD sector. IP revenue grew in six of our eight proximity segments on the strength of continued client interests for our business solutions, especially with our financial services and energy and utilities clients. IP represented .6% of our total revenue, impacted by the dilutive effect of recent business acquisition and lower volumes in our U.S. federal IP-enabled business process services. Bookings in the quarter were again over $4 billion for a -to-bill ratio of 101%, led by U.S. commercial and state government at 121%, Finland, Poland, and Baltics at 113%, and Scandinavia, Northwest, and Central East Europe at 106%. When looking at service type, -to-bill ratios were 106% for managed services and 96% for business and strategic IT consulting and systems integration. IP also had another strong quarter with a -to-bill ratio of 127%, driven by significant demand in the financial services at 195% and government at 134%. On a trading 12-month basis, -to-bill was 107%, with North America at 106% and Europe at 108%. On the same basis, managed services had a -to-bill ratio of 114%, and the SINC -to-bill ratio was 98%. On a trading 12-month basis, IP -to-bill was 113%. Our global backlog reached $30.6 billion, or two times revenue. Turning to profitability, adjusted EBIT in the quarter was $666 million, up .5% -over-year, for a margin of 16.3%, down 10 basis points due to the impact of recent mergers, which are in the process of being integrated. Including restructuring and acquisition-related costs of $84 million, earnings before income taxes were $552 million, for a margin of 13.5%. Our effective tax rate in the quarter was .9% stable compared to last year, and we expect our tax rate for future quarters to be in the range of .5% to 26.5%. Adjusted net earnings were $470 million, up $30 million -over-year, for a margin of 11.5%. On the same basis, diluted EPS was $2.10, an accretion of 10% when compared to Q3 last year. Net earnings were $409 million, for a margin of 10%, and diluted EPS was $1.82, impacted by restructuring and acquisition-related costs in the quarter. We expect to incur approximately $100 million to complete our restructuring program over the remainder of calendar 2025. Turning to cash. We generated $487 million in our cash from operations, representing .9% of total revenue, impacted by $97 million in restructuring, acquisition, and related integration payments. The SO was 43 days in the quarter, two days better than our target. This compared to 42 days in the prior year. In Q3, we invested $105 million into our business, including in Gen. AI, $286 million to buy back our stock, and returned $34 million to our shareholders under our dividend program. On a -to-date basis, we invested $288 million into our business, including in Gen. AI, $1.6 billion in business acquisitions, $784 million to buy back our stock, and returned $102 million to our shareholders under our dividend program. Yesterday, our Board of Directors approved a quarterly cash dividend of $0.15 per share. This dividend is payable on September 19, 2025, to shareholder of records as of the close of business on August 15, 2025. CGI has $2.7 billion in capital resources readily available, with access to more if needed to deliver on our profitable growth strategy. CGI's capital allocation priorities remain consistent, focused on investing back in the business and pursuing accretive acquisitions. Now, I will turn the call over to François to further discuss insights on the quarter and the outlook for our business and markets. François?