Disclosure of Company's operations |
The following tables present the Company's operations based on reportable segments: | | | | | | | | | | | | | | | | | | | | | | | | | | | Year ended | | March 31, 2025 | | | Canada | | U.S. | | International | | Total | | | $ | | $ | | $ | | $ | Revenues | | 251,902 | | | 200,515 | | | 21,064 | | | 473,481 | | | | | | | | | | | Cost of revenues and operating expenses | | | | | | | | | Employee compensation and subcontractor costs | | 212,159 | | | 148,656 | | | 18,048 | | | 378,863 | | Tax credits | | (8,968) | | | — | | | (153) | | | (9,121) | | Licenses and telecommunication | | 1,004 | | | 4,891 | | | 211 | | | 6,106 | | Other expenses | | 7,368 | | | 7,271 | | | 1,149 | | | 15,788 | | | | 211,563 | | | 160,818 | | | 19,255 | | | 391,636 | | Operating income by segment | | 40,339 | | | 39,697 | | | 1,809 | | | 81,845 | | Head office general and administrative expenses | | | | | | | | 41,792 | | Business acquisition, integration and reorganization costs recovery (a) | | | | | | | | (1,234) | | Foreign exchange loss (gain) | | | | | | | | (258) | | Operating income before depreciation, amortization and impairment | | | | | | | | 41,545 | | Depreciation and amortization | | | | | | | | 23,449 | | Impairment of goodwill (a) | | | | | | | | 5,144 | | Operating income (loss) | | | | | | | | 12,952 | | | | | | | | | | |
(a) The recovery of $(5,567,000) from the contingent consideration adjustment included in Business acquisition, integration and reorganization costs and the impairment of goodwill relate to the U.S. segment. The reorganization costs included in Business acquisition, integration and reorganization costs mostly relate to the Canada segment. 23. SEGMENT AND GEOGRAPHICAL INFORMATION (CONT’D) | | | | | | | | | | | | | | | | | | | | | | | | | | | Year ended | | March 31, 2024 | | | Canada | | U.S. | | International | | Total | | | $ | | $ | | $ | | $ | Revenues | | 277,544 | | | 192,493 | | | 21,088 | | | 491,125 | | | | | | | | | | | Cost of revenues and operating expenses | | | | | | | | | Employee compensation and subcontractor costs | | 239,563 | | | 146,067 | | | 18,123 | | | 403,753 | | Tax credits | | (7,851) | | | — | | | (616) | | | (8,467) | | Licenses and telecommunication | | 1,216 | | | 4,894 | | | 103 | | | 6,213 | | Other expenses | | 11,703 | | | 8,702 | | | 998 | | | 21,403 | | | | 244,631 | | | 159,663 | | | 18,608 | | | 422,902 | | Operating income by segment | | 32,913 | | | 32,830 | | | 2,480 | | | 68,223 | | Head office general and administrative expenses | | | | | | | | 40,471 | | Business acquisition, integration and reorganization costs (b) | | | | | | | | 3,384 | | Foreign exchange loss (gain) | | | | | | | | 102 | | Operating income before depreciation, amortization and impairment | | | | | | | | 24,266 | | Depreciation and amortization | | | | | | | | 29,008 | | | | | | | | | | | Operating income (loss) | | | | | | | | (4,742) | | | | | | | | | | |
(b) The recovery of $(3,827,000) from the contingent consideration adjustment included in Business acquisition, integration and reorganization costs relates to the U.S. segment. The reorganization costs included in Business acquisition, integration and reorganization costs mostly relate to the Canada segment.
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Summary of Revenue from Customers for Major Service Category |
An analysis of the Company’s revenues from customers for each major service category is as follows: | | | | | | | | | | | | | | | | | | | | | | | | | | | Year ended | | March 31, 2025 | | | Canada | | U.S. | | International | | Total | | | $ | | $ | | $ | | $ | Strategic consulting and enterprise transformation services - time and materials arrangements (c) | | 211,478 | | | 107,159 | | | 18,987 | | | 337,624 | | Enterprise transformation services - fixed-fee arrangements | | 24,621 | | | 35,113 | | | 1,668 | | | 61,402 | | Business enablement services (d) | | 15,803 | | | 58,243 | | | 409 | | | 74,455 | | | | 251,902 | | | 200,515 | | | 21,064 | | | 473,481 | | | | | | | | | | |
(c) Including $129,284,000 of time and materials arrangements applying the Input Method for the year ended March 31, 2025. (d) Including support revenues of $12,175,000 for Canada, $32,802,000 for U.S. and $268,000 for the International operating segment for a total of $45,245,000 for the year ended March 31, 2025. | | | | | | | | | | | | | | | | | | | | | | | | | | | Year ended | | March 31, 2024 | | | Canada | | U.S. | | International | | Total | | | $ | | $ | | $ | | $ | Strategic consulting and enterprise transformation services - time and materials arrangements (e) | | 239,865 | | | 101,056 | | | 18,609 | | | 359,530 | | Enterprise transformation services - fixed-fee arrangements | | 23,604 | | | 37,382 | | | 2,479 | | | 63,465 | | Business enablement services (f) | | 14,075 | | | 54,055 | | | — | | | 68,130 | | | | 277,544 | | | 192,493 | | | 21,088 | | | 491,125 | | | | | | | | | | |
(e) Including $106,826,000 of time and materials arrangements applying the Input Method for the year ended March 31, 2024. (f) Including support revenues of $10,075,000 for Canada and $27,313,000 for the U.S. operating segment for a total of $37,388,000 for the year ended March 31, 2024.
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