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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.

Overview

CGI Inc. is a globally recognized IT and business consulting services provider with decades of expertise in digital transformation, systems integration, and managed IT solutions. As one of the largest independent firms in the industry, CGI leverages its extensive network and deep technical know‐how to deliver tailored solutions that enhance operational efficiency across a diverse client base, including government agencies, financial institutions, healthcare organizations, and large enterprises.

Core Services and Capabilities

CGI offers a comprehensive portfolio of services designed to meet today’s complex technology challenges. Its core offerings include strategic IT consulting, systems integration, application maintenance, and business process services. These integrated solutions enable clients to manage and optimize their IT environments effectively, ensuring reliable performance and enhanced productivity through state-of-the-art digital transformation initiatives.

Market Position and Global Reach

Operating in over 40 countries with a robust global delivery network, CGI is uniquely positioned to serve both local and international markets. The company’s model of combining localized client relationships with worldwide service capabilities ensures that each client receives personalized and high-quality service. This approach has solidified CGI's reputation as a trusted and innovative partner in the competitive IT services landscape.

Industry Expertise and Innovative Solutions

With deep expertise in advanced technologies, CGI integrates artificial intelligence, data analytics, and automation into its service offerings. The company’s commitment to innovation is reflected in its tailored digital transformation projects, which address complex business challenges through precise, cutting-edge solutions while maintaining a focus on operational resiliency and efficiency.

Commitment to Excellence and Trusted Partnerships

The success of CGI is anchored by its team of highly skilled consultants and professionals, whose experience and accountability underpin every project. By fostering a culture of continuous improvement and leveraging a well-established local relationship model, CGI not only drives business outcomes for its clients but also sustains a legacy of trust, expertise, and reliability in the global IT consulting arena.

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On Nov. 23, 2021, CGI (NYSE: GIB) announced the launch of its U.S. IT Center Academy aimed at enhancing skills for new hires. The program will employ and train 1,000 employees over 18 months in areas like JAVA programming and cloud technologies. Training commenced in October 2021 in cities including Belton, TX and Lafayette, LA, with plans for expansion to other locations. This initiative aligns with CGI's commitment to invest in its U.S. workforce and support government and commercial clients.

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CGI (NYSE: GIB; TSX: GIB.A) has been awarded a contract by the U.S. General Services Administration (GSA) to develop the Common Catalog Platform (CCP), a web-based application aimed at modernizing catalog data management. The contract, with an initial funding of $3.1 million and a potential total value of $19 million, spans a base year and four optional years. The CCP will replace the outdated Schedule Input Program, enhancing usability and data governance for catalog management, thereby streamlining operations for government agencies.

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CGI Inc. (NYSE: GIB) has been awarded a multi-award ASTRO IDIQ contract by the General Services Administration (GSA). This 10-year contract allows CGI to compete for task orders related to manned and unmanned platforms and robotics, including satellites and launch vehicles, with no ceiling on potential contract value. CGI aims to leverage its expertise in complex space software systems to expand its presence in the U.S. federal market, building on its established track record in Europe.

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CGI (GIB) will host an Investor and Market Analyst Day on November 22, 2021, starting at 8:30 a.m. ET, concluding at 1:00 p.m. ET. The event will feature presentations from the executive leadership team, including Co-Chair Julie Godin and CEO George Schindler. Key topics include industry coverage, talent strategy, digitization case studies, and capital allocation strategies. A live webcast will be available on CGI's investor page. CGI reported $12.13 billion in revenue for fiscal 2021.

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CGI reported robust Q4 and FY2021 results with Q4 revenue of $3.01 billion (+2.8% YoY) and FY2021 revenue of $12.13 billion (-0.3% YoY). Adjusted EBIT for Q4 rose to $493.3 million (+7.8% YoY), achieving a margin of 16.4%. Diluted EPS jumped 44.8% YoY to $1.39. The company maintained a strong backlog of $23.06 billion (1.9x annual revenue) and reported cash from operations of $526.9 million (+7.1% YoY).

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CGI has been awarded an $84 million, four-year contract by the City of San Diego for IT support services, with options extending to ten years. This agreement enhances CGI's long-standing partnership with the city, beginning in 2012, and involves maintaining nearly 300 citywide applications. CGI will also introduce new digital services, including an online permitting system and a paperless vaccine management solution. The support aims to empower the city’s 11,000 employees to deliver high-quality services to residents.

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CGI will announce its fourth quarter and fiscal year 2021 results, covering the period ending September 30, 2021, on November 10, 2021, prior to market opening. The conference call to discuss these results will be hosted by CEO George D. Schindler and CFO François Boulanger at 9:00 a.m. (EST). Investors can access the live webcast through the IR section of CGI's website. In fiscal 2020, CGI reported revenue of C$12.16 billion, showcasing its position as a leading independent IT and business consulting services firm.

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CGI has launched a new global innovation center in Toulouse, France, focused on Industry 4.0 technologies. This center enhances CGI's network of innovation hubs across France, aligning with the country's high-tech industries such as aeronautics and pharmaceuticals. The center aims to help manufacturers modernize their systems and digitize value chains using IoT, augmented reality, and automation. Key objectives include co-developing future factories, innovating manufacturing solutions, and accelerating digital transformation. Industry leaders recognize the center’s potential to tackle significant transformation challenges.

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CGI (NYSE: GIB) has announced the acquisition of Cognicase Management Consulting (CMC), enhancing its presence in Spain and bolstering client services. CMC, a consulting firm with over 25 years in technology and management consulting, serves major clients in Spain and Latin America, employing around 1,500 professionals. This acquisition aims to strengthen CGI's service portfolio and accelerate digital transformation for clients. Approval from Spanish authorities has been secured, with a closure expected by the end of the month.

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CGI (NYSE: GIB) announced a partnership with Bank of Montreal and National Bank of Canada to pilot intelligent process automation for document management within the CGI Trade360 platform. The pilot aims to enhance digital transformation, improve trade finance operations, and boost compliance and relationship management. Collaborating with Conpend, the project demonstrated improved efficiency in trade finance processes, providing metrics for future commercial applications. CGI aims to empower banks to digitize processes and reduce costs while focusing on high-value tasks.

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FAQ

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

The current stock price of CGI (GIB) is $100.79 as of April 1, 2025.

What is the market cap of CGI (GIB)?

The market cap of CGI (GIB) is approximately 22.6B.

What core services does CGI Inc offer?

CGI provides a range of services including IT consulting, systems integration, application maintenance, and business process services. These offerings are designed to help organizations manage complex IT environments and drive digital transformation.

How does CGI generate its revenue?

CGI generates revenue through its diversified service portfolio, which includes consulting engagements, systems integration projects, and managed IT services. Its revenue streams span multiple sectors such as government, finance, healthcare, and other large enterprises.

Which industries does CGI serve?

CGI serves a wide array of industries including government, financial services, healthcare, manufacturing, and retail. This diverse industry focus allows the company to tailor its solutions to the unique needs of each sector.

How is CGI positioned in the global IT consulting market?

With operations in over 40 countries and a comprehensive global delivery network, CGI is well positioned to support both local and global clients. Its extensive expertise and trusted service model have established CGI as a reliable advisor in digital transformation and IT consulting.

What differentiates CGI from its competitors?

CGI distinguishes itself through a strong focus on connecting localized client relationships with a powerful global delivery model. This integrated approach, combined with deep technical expertise and continuous innovation, ensures that CGI delivers tailored and effective IT solutions.

How does CGI support digital transformation initiatives?

CGI leverages advanced technologies such as artificial intelligence, data analytics, and automation to support digital transformation. By providing end-to-end services, the company helps clients modernize their IT infrastructures and achieve measurable improvements in efficiency.

What is CGI's approach to maintaining strong client relationships?

CGI employs a local relationship model that is supported by a global network of delivery centers. This ensures that clients receive personalized attention and high-quality service, building long-term partnerships based on trust and consistent performance.

How does innovation play a role in CGI's service offerings?

Innovation is integral to CGI’s approach, with a focus on incorporating emerging technologies and industry best practices into its projects. This commitment to innovation ensures that clients benefit from state-of-the-art technology solutions that are both efficient and scalable.
CGI Inc

NYSE:GIB

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GIB Stock Data

22.56B
202.40M
0.27%
70.18%
0.93%
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