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CGI Inc. - GIB STOCK NEWS

Welcome to our dedicated page for CGI news (Ticker: GIB), a resource for investors and traders seeking the latest updates and insights on CGI stock.

CGI Inc. (TSX: GIB.A, NYSE: GIB) is a leading global IT and business consulting services firm headquartered in Montreal, Canada. Established in 1976, CGI has grown to become one of the largest independent firms of its kind, with a dedicated workforce of over 90,000 professionals across 40 countries. The company provides a comprehensive range of services including consulting, systems integration, application maintenance, and business process services.

CGI’s extensive portfolio is designed to help organizations digitally transform their operations to achieve better efficiencies and results. Its major sectors of operation include government, healthcare, financial services, telecommunications, and utilities, among others. Notably, the government sector contributes more than one-third of CGI’s annual revenue.

CGI recently secured several significant contracts, including a five-year $162 million partnership with the UK Government's Cabinet Office to enhance their digital, data, and technology services. Additionally, CGI is involved in the modernization of Los Angeles County's ERP systems and continues its collaboration with Market Operator Services Ltd (MOSL) in managing core water retail market platforms in England.

Financially, CGI reported a fiscal 2023 revenue of CA$14.30 billion, demonstrating stable growth with strong net earnings and cash generation. The company leverages a local relationship model supported by a global delivery network, positioning it to deliver tailored solutions and drive innovation across various industries.

Recent leadership changes include the appointment of François Boulanger as President and CEO, effective October 1, 2024, indicating a strategic focus on sustained growth and operational excellence. CGI continues to enhance shareholder value through strong profitability, cash generation, and strategic share repurchases.

CGI's future outlook includes executing its

News

CGI to advance environmental regulatory mission, modernize systems, technology for U.S. Environmental Protection Agency under $522.6 million multi-year contract

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CGI Federal Inc. has been awarded a multi-year contract by the US Environmental Protection Agency (EPA) to modernize systems and technology with a total contract value of $522.6 million.
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CGI achieves successful integration of military logistics and asset management systems in planetary-scale Metaverse

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CGI Federal successfully completes pilot integrating Marine Corps logistics systems with virtual replicas of physical assets in a simulated world environment.
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CGI expands its presence in Miami with acquisition of Momentum Consulting Corp.

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CGI strengthens position in Miami market with acquisition of Momentum Consulting Corp.
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CGI Federal to Provide Financial Management Solutions & Services Under a 10-Year Contract with U.S. Courts

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CGI Federal awarded 10-year contract by U.S. Courts worth $143.5M for financial management services, positive for stock
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CGI named to the TIME magazine "World';s Best Companies" list for 2023

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CGI has been recognized by TIME magazine as one of the world's best companies for 2023 based on achievements in employee satisfaction, revenue growth, and sustainability.
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Forbes names CGI as one of ';World's Best Management Consulting Firms' for 2023

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CGI named one of World's Best Management Consulting Firms by Forbes
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CGI certified to support instant payments on the new nationwide FedNow® Service

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CGI's All Payments solution has been certified to support transaction activity for financial institutions on the FedNow Service, contributing to their operational readiness for instant payment services. CGI has been actively developing FedNow Service-specific capabilities and is working to onboard clients. The CGI All Payments solution provides connectivity and allows banks to deploy quickly and become adopters of the FedNow Service.
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CGI All Payments solution now available in the Microsoft Azure Marketplace

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CGI All Payments solution now available in the Microsoft Azure Marketplace
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Scotiabank selects CGI All Payments solution

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CGI selected to deploy CGI All Payments for Scotiabank, a leading Canadian multinational bank. The platform supports innovative advances in payments solutions. CGI All Payments is scalable and deployable across multiple IT ecosystems and cloud environments. It is designed to increase system resiliency, replace legacy IT architecture, and improve payment processing. CGI and Scotiabank continue to collaborate to support the Bank's payments innovation agenda.
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CGI announces a 10-year strategic partnership with Alimentation Couche-Tard

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CGI announces a 10-year, C$380 million strategic partnership with Alimentation Couche-Tard to deliver managed IT services. The partnership will enhance Couche-Tard's customer and employee experience, speed to market, and technical skills. CGI will provide comprehensive IT services and infrastructure support. The agreement aims to improve operational efficiency and optimize costs.
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FAQ

What is the current stock price of CGI (GIB)?

The current stock price of CGI (GIB) is $109.54 as of December 23, 2024.

What is the market cap of CGI (GIB)?

The market cap of CGI (GIB) is approximately 24.4B.

What does CGI Inc. do?

CGI Inc. is a global IT and business consulting services firm offering consulting, systems integration, application maintenance, and business process services.

Where is CGI Inc. headquartered?

CGI Inc. is headquartered in Montreal, Canada.

How many employees does CGI Inc. have?

CGI Inc. employs over 90,000 professionals across 40 countries.

What are some of CGI’s recent contracts?

Recent contracts include a $162 million partnership with the UK Cabinet Office, ERP modernization for Los Angeles County, and management of core platforms for MOSL in England.

What is CGI’s annual revenue?

In fiscal 2023, CGI reported a revenue of CA$14.30 billion.

Which sector contributes the most to CGI's revenue?

The government sector contributes more than one-third of CGI’s annual revenue.

Who is the new CEO of CGI Inc.?

François Boulanger has been appointed as the new CEO of CGI Inc., effective October 1, 2024.

What is CGI’s strategy for future growth?

CGI focuses on delivering strategic IT and business consulting, leveraging a local relationship model supported by a global delivery network, and enhancing shareholder value through profitability and strategic share repurchases.

On which stock exchanges are CGI shares listed?

CGI shares are listed on the Toronto Stock Exchange (TSX: GIB.A) and the New York Stock Exchange (NYSE: GIB).

What is CGI’s approach to digital transformation?

CGI helps clients digitally transform their operations by offering end-to-end services, including strategic IT consulting, systems integration, managed IT, and business process services.

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CGI Inc.

NYSE:GIB

GIB Rankings

#463 Ranked by Market Cap
#2004 Ranked by Dividends

GIB Stock Data

24.42B
202.14M
0.79%
70.01%
0.57%
Information Technology Services
Technology
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United States of America
Montreal