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.
CGI has been recognized as a Major Player in the IDC MarketScape: Worldwide Professional Services Providers for Retailers 2024 Vendor Assessment. The report highlights CGI's distinctive proximity model, which positions project leaders close to client teams, fostering long-term partnerships. Leslie Hand, Group Vice President for IDC Retail Insights, praised CGI's culture and relationship-building approach.
The recognition underscores CGI's ability to drive digital transformation in retail, with a focus on improving profitability through data strategy and artificial intelligence. CGI's comprehensive portfolio helps retailers optimize operations, enhance customer experience, and improve supply chain agility while managing cost pressures.
CGI has launched a redesigned version of CGI ProperPay, a cloud-based solution enhanced with AI capabilities to improve payment and revenue integrity in healthcare. The platform helps healthcare payers and providers ensure accurate claims processing from submission to payment. Over the past 30 years, CGI's clients have recovered more than US $3B of improperly paid medical claims using CGI ProperPay and the company's expert team. The solution supports pre-submission, prepay, and post-pay reviews through a modular approach, offering increased automation and faster identification of inaccurate medical claim coding.
CGI Federal Inc., a subsidiary of CGI Inc. (NYSE: GIB) (TSX: GIB.A), has been awarded three task orders by the U.S. Department of State to support visa application processing services in 25 countries across Europe and Asia. The task orders, awarded under the Global Support Strategy for Overseas Consular Support Services 2.0 (GSS 2.0) contract, have a combined 2-year base period funded value of US$37.4M and a total contract value of US$137.3M.
CGI will provide critical processing support for non-immigrant and immigrant visas through 2032, leveraging its CGI Atlas360 solution to enhance the application process. The company processed almost 5.5 million visa applicants globally in fiscal year 2023 and has over a decade of experience managing the DoS visa application process in 70 countries.
CGI, a leading IT and business consulting company, has extended its partnership with the Swedish Tax Agency to provide e-identification and electronic signature services. This collaboration aims to enhance the tax filing experience for millions of Swedish citizens. The agreement underscores CGI's ability to create value for society by improving efficiency, digital experience, and secure citizen services for government agencies.
In 2024, over seven million Swedish taxpayers filed their returns digitally, setting a new record. CGI has been instrumental in helping the Swedish Tax Agency transition from paper-based to almost entirely digital processes for income tax returns. This partnership highlights CGI's commitment to developing stable and secure citizen-centric services that deliver significant societal value.
CGI has announced the successful launch of its CGI Advantage® enterprise resource planning (ERP) system for the State of Iowa. This transformational platform is built on a unified software-as-a-service (SaaS) model, designed to enhance user experience, integrate and automate budget processes, and provide flexibility for adopting new technologies.
The system was deployed on time and on budget, digitizing manual processes, integrating functions with local systems, and leveraging automation technology. CGI Advantage, a solution specifically built for government use, features a secure design, intuitive user interface, and app-friendly environment. It has been implemented over 500 times in public sector organizations across the United States.
This launch builds on CGI's 30-plus year partnership with Iowa and reflects best practices from four decades of experience in implementing enterprise-level systems for the public sector.
CGI Federal Inc., a subsidiary of CGI Inc. (NYSE: GIB) (TSX: GIB.A), has been awarded a position on the Foundation Cloud Hosting Services II (FCHS2) contract by the U.S. Department of the Interior. This 10-year, US$2 billion Indefinite-Delivery, Indefinite-Quantity (IDIQ) contract allows CGI to offer a comprehensive range of cloud services and solutions to support critical modernization needs.
CGI leverages its Software-as-a-Service (SaaS) offerings, cloud IT strategies, and cybersecurity consulting to provide tailored digital solutions for federal clients. The company was recently named a Leader in the IDC MarketScape: U.S. Federal Government Cloud Professional Services 2024 Vendor Assessment. CGI has been the top provider by volume of cloud services to the federal government since its first Foundation Cloud Hosting Services IDIQ award in 2014.
CGI has been awarded a contract by Anne Arundel County Public Schools (AACPS) in Maryland to upgrade their enterprise resource planning (ERP) system with the latest version of CGI Advantage®. This upgrade will transition the school system's on-premise ERP to a cloud-based solution, offering efficient financial operations, automated budget processes, streamlined human resource management, and simplified vendor engagement.
The implementation of CGI Advantage will support AACPS in achieving goals outlined in their Blueprint for Maryland's Future, including strengthening governance and accountability through data-driven tools and reducing technical debt. For AACPS, which employs over 6,000 staff, the new system will provide flexible, secure, SaaS-enabled technology with a mobile-first design and intuitive user experience.
CGI, a leading business and IT consulting firm, has signed the European Union's Artificial Intelligence (AI) Act Pledge, reinforcing its global commitment to responsible and ethical AI practices. This signature is part of CGI's engagement with the European Commission's AI Pact. Jean-Michel Baticle, President and COO of CGI, emphasized the alignment between the AI Act Pledge objectives and CGI's own responsible use framework.
CGI's approach to responsible AI includes:
- A robust risk matrix
- Clear guidelines and best practices
- Ethical principles backed by scientific research
The company supports clients in developing responsible AI plans, focusing on governance, risk assessment, privacy, security, and optimal AI model selection. CGI offers AI-based consulting, services, and solutions to help clients leverage AI for their business objectives.
CGI's annual global research, based on interviews with over 1,800 business and technology executives, reveals three key trends in the IT and business consulting sector:
- Rebalancing cost savings with revenue growth: Clients are focusing on innovation, new products/services, and improved customer experience while maintaining cost control.
- Closer business and IT alignment: Alignment between business and IT operations is at its highest level, driven by efficiency focus and digital technologies.
- Increasing advantages for digital leaders: Those with successful digital strategies are widening the gap in achieving desired outcomes.
The research also highlights a significant increase in AI implementation, with 26% of executives implementing traditional AI and 79% exploring generative AI. AI tops innovation investment priorities for the next three years, reflecting its potential to transform business models and drive efficiency.
CGI has been selected by the Northern Ireland Courts and Tribunals Service (NICTS) as the delivery partner for its Themis Program, a flagship business transformation initiative. The 20-year contract, valued at £85 million, aims to modernize the justice system across Northern Ireland. The program will redesign court processes, transforming services across Tribunals, Civil, Family, and Criminal business areas.
The Themis Program seeks to create a digital-first, paper-light environment to enhance transparency, speed up case delivery, and increase accessibility through virtual services. CGI will work with the existing Themis team to implement a five-year roadmap for revolutionizing service delivery. The project is expected to drive significant efficiencies and improve service outcomes.
CGI's involvement in this transformation aligns with its broader commitment to modernizing the UK justice system. The company's Digital Services Centre of Excellence in Belfast, established in February 2023, will support the program with the addition of at least 50 new roles.
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