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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 Federal to continue multi-year digital records build for U.S. Citizenship and Immigration Services

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CGI Federal awarded $159 million task order for ongoing development of USCIS digital immigration records systems
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State of Wyoming launches CGI Advantage®

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CGI successfully implements its cloud-based solution, CGI Advantage®, in the State of Wyoming, unifying Human Resources, Payroll, and Financial Management. The implementation eliminated all customizations, reduced costs, and increased efficiencies across government branches. Wyoming will now benefit from the latest technology without managing upgrades.
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State, local leaders join CGI for grand opening of Onshore Delivery Center in Knoxville, Tennessee

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CGI opens new U.S. onshore delivery center in Knoxville, Tennessee, creating 300 high-quality jobs by 2026. The expansion meets the growing demand for IT services and supports the digital transformation of government and commercial clients. CGI has been partnering with the University of Tennessee and regional entrepreneurship organizations to promote workforce development and tech entrepreneurship.
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CGI Federal's Momentum first Core Financial Management solution to pass the U.S. Treasury Department's Financial Management Shared Services Marketplace evaluation

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CGI Inc. (NYSE: GIB) (TSX: GIB.A) announced that its Momentum® software is the first commercial core financial system approved by the U.S. Department of Treasury's Financial Management Quality Service Management Office (FM QSMO). The solution is now available to federal agencies on the U.S. General Services Administration (GSA) Multiple Award Schedule (MAS) under Special Item Number (SIN) 518210FM for FM QSMO Core Financial Management (FM) Solutions and IT Professional Services. CGI Federal's Momentum solution provides robust capabilities, ensuring compliance, streamlining financial management and acquisition processes, and leveraging analytics and data for critical insights.
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CGI reports strong third quarter Fiscal 2023 results

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CGI (GIB.A) Reports Strong Q3-F2023 Results with 11.2% Revenue Growth and 15.9% Increase in Diluted EPS. The company's Q3-F2023 performance highlights include revenue of $3.62 billion, up 11.2% year-over-year, and a diluted EPS of $1.75, up 15.9% year-over-year. CGI's diverse portfolio of geographies, industries, and services serve as a resilient foundation for profitable growth in the current macro-economic environment.
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CGI to invest $1 billion on expansion of AI capabilities to help clients design and deliver responsible, ROI-led strategies

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CGI (NYSE: GIB) (TSX: GIB.A) to Invest $1 Billion in AI Services and Solutions
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CGI to release third quarter fiscal 2023 results on July 26

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CGI (TSX: GIB.A) (NYSE: GIB) to release Q3 fiscal year 2023 results on July 26, 2023. The conference call will feature George D. Schindler, President and CEO, and Steve Perron, EVP and CFO. Interested parties can access a replay of the call and a live webcast through the company's website.
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ROI-led digital transformation leads the C-suite business agenda

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CGI's global research reveals that digitization is driving business model reconfiguration at record levels. Two-thirds of executives say it has a high impact on their organization. However, just 1 in 5 executives say their organization's business models have a high degree of agility to address digitization. Over 90% of executives have digital strategies, but only 30% state their organizations are producing expected results. CGI's research also shows a correlation between business model agility and digital strategy results.
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Forbes names CGI a 2023 Best Employer for New Graduates

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CGI has been selected by Forbes as one of America's Best Employers for New Graduates. The company is recognized for providing resources and opportunities for recent graduates to grow their careers. CGI's collaborative culture and various programs create an approachable environment for new hires.
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CGI';s sustainable business practices rated in the top 1% of companies globally by EcoVadis

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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