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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 renews its Normal Course Issuer Bid

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CGI (TSX: GIB.A) (NYSE: GIB) has authorized the renewal of its Normal Course Issuer Bid (NCIB), allowing the purchase for cancellation of up to 20,457,737 Class A Shares. The company believes it is a proper use of funds and aims to increase shareholder value. The repurchases under the renewed NCIB may commence on February 6, 2024, and will end on February 5, 2025, or when the maximum allowable shares are acquired or the company decides not to make further purchases.
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CGI partners with Posti to deliver digital messaging services that respond to fast-changing customer and security demands

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CGI and Posti Group have entered a 10-year strategic partnership to develop and deliver digital multichannel messaging services. The collaboration will empower Posti to respond more effectively to their customers' rapidly changing expectations, as well as future cybersecurity and operational security requirements. CGI will partner with Posti to modernize the digital messaging technology and transfer 88 professionals who are based in Finland, Poland, Latvia, and Estonia. The partnership ensures digital solutions that are critical for supporting multi-channel messaging at Posti, improving the offering and services, and the security of communication. CGI helps logistics firms worldwide drive business transformation through IT modernization, Internet of Things, digital insights, cybersecurity, and other advanced technologies.
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CGI and National Bank of Canada sign long-term service agreement

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CGI (NYSE: GIB) (TSX: GIB.A) has announced the renewal of its partnership with National Bank of Canada for 10 years. The partnership will focus on delivering technology services and market-leading solutions to enhance client experience and drive operational excellence. This agreement strengthens the 20-plus year partnership between the organizations, with CGI delivering banking insights, expertise, and a portfolio of services including business consulting, innovative project development, systems integration, and wealth and payment solutions.
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CGI announces details for its Annual General Meeting of Shareholders and release of fiscal 2024 first quarter results

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CGI (TSX: GIB.A) (NYSE: GIB) will host its Annual General Meeting of Shareholders and release its fiscal 2024 first quarter results on January 31, 2024. The Meeting will be held via live webcast, and shareholders will have the opportunity to participate and vote online. CGI will also hold its first quarter conference call on the same day to discuss the results.
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CGI's Sunflower asset management cloud solution receives FedRAMP® approval

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CGI Federal Inc., a subsidiary of CGI Inc., has announced that its Sunflower™ asset management cloud solution has received approval from FedRAMP®, certifying it for use across federal government agencies in the U.S. The solution currently manages 4.2 million client assets at over 75 federal entities, providing improved efficiency, software standardization, and predictable costs. The approval provides federal IT decision-makers with confidence in the security and compliance standards of CGI cloud technologies.
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CGI and Körber announce global partnership to enable pharmaceutical and life sciences clients to improve production operations

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CGI (GIB) partners with Körber to enhance pharmaceutical and life sciences production processes. The global partnership aims to improve efficiency, accuracy, and safety in pharma products through the combination of CGI's services and Körber's MES Suite. The collaboration will enable real-time data access, operational excellence, and digital transformation, benefiting both companies' global clients.
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CGI';s Machine Vision solution delivers a powerful source of IoT business intelligence by leveraging Artificial Intelligence

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CGI (NYSE: GIB) (TSX: GIB.A) has launched a new computer vision solution called CGI Machine Vision, using AI to transform asset and infrastructure monitoring. The solution enables organizations to improve processes, increase efficiencies, and reduce costs through real-time data analysis and deep neural network AI. It has been successfully piloted in the UK and is designed to benefit industries such as utilities, transportation, and telecommunications.
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CGI awarded contract to modernize Commonwealth of Virginia';s child support system

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CGI (NYSE: GIB) (TSX: GIB.A) has been awarded a new contract by the Virginia Department of Social Services (VDSS) to modernize the legacy system supporting its Division of Child Support Enforcement (DCSE) using CGI Transcend™. The partnership aims to improve outcomes for children and families across the Commonwealth, providing user-friendly technology for Virginia families participating in child support programs and intuitive interfaces for DCSE staff.
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CGI selected as partner by UK air traffic controller to help transform its digital infrastructure

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CGI (NYSE: GIB) (TSX: GIB.A) has been selected to partner with NATS, the UK's leading provider of air traffic control services, to transform and modernize the company's digital infrastructure and evolve its services for air traffic operations in the UK. The seven-year agreement will deliver data center and hosting services to increase the resilience, flexibility, and scalability of NATS' critical digital infrastructure, transitioning NATS to a hybrid cloud model using an agile delivery approach. CGI will also provide NATS with consulting services, frameworks, and practices for transforming and managing its complex IT portfolio.
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City of Dallas selects CGI to upgrade business management systems to CGI Advantage®

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CGI (NYSE: GIB) (TSX: GIB.A) has been awarded a 10-year contract with the City of Dallas, Texas, for an upgrade of the city's enterprise resource planning (ERP) systems to the latest version of CGI Advantage®, a cloud-based solution that integrates financial, vendor self-service, personnel and performance data in a modern, unified platform. The upgrade will introduce new features and modules including Travel, Grants Lifecycle Management, and Performance Budgeting. CGI will implement new technologies including the data visualization tool, CGI Advantage Insight, automated testing, a unique user interface with advanced automation, and additional features including grants life cycle management and performance budgeting. This partnership aims to advance the ongoing transformation of vital city systems into a digital, cloud-based enterprise, representing one of the most innovative solutions and strongest possible cyber-security defenses on behalf of the people it serves.
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FAQ

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

The current stock price of CGI (GIB) is $109.44 as of December 20, 2024.

What is the market cap of CGI (GIB)?

The market cap of CGI (GIB) is approximately 24.5B.

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

#460 Ranked by Market Cap
#1997 Ranked by Dividends

GIB Stock Data

24.53B
202.14M
0.79%
70.01%
0.57%
Information Technology Services
Technology
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United States of America
Montreal