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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 files 2023 Annual Disclosure Documents

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CGI (TSX: GIB.A) (NYSE: GIB) has filed its Management Proxy Circular for its Annual General Meeting of Shareholders to be held virtually on January 31, 2024. The company also filed its 2023 Annual Information Form with the Canadian securities regulators and the U.S. Securities and Exchange Commission as part of its Annual Report on Form 40-F, which includes its previously-filed Fiscal 2023 Results. CGI's annual filings and relevant materials are available on its website. The company uses the Notice and Access rules to reduce paper distribution for the Annual General Meeting of Shareholders.
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CGI and Google Cloud launch the United Nations Industrial Development Organization Sustainability Planet Platform

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CGI (NYSE: GIB) (TSX: GIB.A) forms partnership with undisclosed company
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CGI Federal & All In Solutions form Adcredo IT Solutions, a joint venture to serve federal agencies through managed services, AI and advanced data analytics

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CGI Federal Inc. (NYSE: GIB) (TSX: GIB.A) announced a partnership with All In Solutions LLC to form Adcredo IT Solutions, a joint venture focusing on delivering mission-focused IT solutions for federal civilian and defense missions. The joint venture combines CGI's federal experience and system application expertise with All In Solutions' capabilities to support agencies like the Department of Veterans Affairs in providing state-of-the-art outcomes to our nation's Veterans.
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CGI All Payments solution available in Amazon Web Services Marketplace for cloud-enabled payments modernization

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CGI (NYSE: GIB) (TSX: GIB.A) launches CGI All Payments, a cloud-ready enterprise payments solution, on the Amazon Web Services (AWS) Marketplace. The solution offers modernization and innovation, streamlines deployment and management, and is scalable and deployable across multiple IT ecosystems. CGI All Payments is API-enabled, built to ISO 20022 standards, and used by global financial services clients.
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CGI joins Microsoft Intelligent Security Association (MISA)

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CGI (NYSE: GIB) (TSX: GIB.A) joins Microsoft Intelligent Security Association, enhancing security solutions for clients. CGI's collaboration with MISA provides access to Microsoft's security product portfolio, offering comprehensive security and advanced integration capabilities. This partnership aims to enable clients in their digital transformation journey, reinventing and securing their businesses for the future through innovative cybersecurity services.
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U.S. Strategic Command selects CGI for advanced data integration services

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CGI Inc. (NYSE: GIB) (TSX: GIB.A) subsidiary CGI Federal Inc. has been awarded a 5-year contract from U.S. Strategic Command (USSTRATCOM) to develop and maintain data integration hardware, systems, and software. This collaboration aims to enhance USSTRATCOM's operations and support the U.S. Department of Defense's IT strategy, with CGI deploying solutions at Offutt Air Force Base in Nebraska.
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CGI reports strong fourth quarter and Fiscal 2023 results

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CGI (TSX: GIB.A) (NYSE: GIB) reported a Q4-F2023 revenue increase of 8.0% year-over-year, reaching $3.51 billion, with diluted EPS up 16.6% to $1.76. The company also achieved a F2023 revenue growth of 11.1% year-over-year, reaching $14.30 billion, and a diluted EPS increase of 13.6% to $6.86. These results were driven by a 26% increase in new CGI managed services bookings and a book-to-bill ratio of 113.9% in Q4-F2023.
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CGI and Google expand partnership to drive industry-specific innovation in the responsible use of generative AI

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CGI expands partnership with Google to drive innovation in the responsible use of AI technologies. The partnership will enhance the capabilities of CGI PulseAI solution by leveraging Google Cloud Platform. CGI will develop industry-specific large language models and unique generative AI use cases for clients. The initiative includes exploring the use of Google's MedPaLM2 model for medical claims processing and validation. CGI will launch Google AI training globally and develop AI sandboxes using Google Cloud technologies.
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CGI to release fourth quarter and fiscal 2023 results on November 8

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CGI (TSX: GIB.A) (NYSE: GIB) will release its fourth quarter and fiscal year 2023 results on November 8, 2023. The conference call to discuss the results will be hosted by George D. Schindler, President and CEO, and Steve Perron, EVP and CFO. Interested parties can access a replay of the call until December 8, 2023. A live webcast and podcast replay will also be available.
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CGI to integrate AI into visa processing support at U.S. embassies and consulates across Asia Pacific

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CGI Federal Inc. has extended its delivery of consular support services across five countries in the Asia Pacific region with a new 10-year task order worth $69.9M. CGI will implement the enhanced CGI Atlas360 solution, applying innovative AI technologies to improve efficiency and security in the visa application process.
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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