Company Overview - CGI is one of the largest independent IT and business consulting services firms globally, founded in 1976, with 90,000 consultants and professionals [2] - The company reported fiscal 2023 revenue of $14.30 billion and is listed on the TSX (GIB.A) and NYSE (GIB) [2] Partnership with the City of Los Angeles - CGI has a long-standing partnership with the City of Los Angeles, focusing on both technology and change management during the city's transition to CGI Advantage [1][4] - The successful upgrade of CGI Advantage has integrated and streamlined the management of financial, procurement, and reporting operations for the city [4] CGI Advantage Features - CGI Advantage is a cloud-based ERP platform designed specifically for government needs, enhancing financial management, human resources, and business intelligence operations [1][4] - The platform allows for flexibility in introducing new features and implementing business rules without costly upgrades, ultimately saving taxpayer dollars [5] Implementation and User Experience - The latest version of CGI Advantage was delivered on time and on budget, featuring a user-friendly interface that increases processing speed and ensures compliance [5] - The system eliminated 130 customizations by meeting all city requirements out of the box and reduced reliance on manual processing through real-time integration with AWS and Salesforce [5][6] Vendor and Procurement Management - The modernization includes an online vendor self-service platform for 7,300 vendors to manage their accounts, invoices, and bidding opportunities [6] - The eProcurement system digitizes purchasing processes, creating a user experience similar to consumer shopping sites [6] Change Management and Training - CGI and the City of Los Angeles developed a comprehensive suite of eLearning videos and provided in-person training to support users during the transition to the new platform [7]

Group 1: Company Expansion and Partnerships - CGI Group (GIB) is expanding its presence in the public sector by securing partnerships to modernize governmental operations, including a recent contract with the State of Colorado for payroll modernization [1][10] - The company has extended its partnership with Nokia to integrate 5G technology into its business services, enhancing digital solutions for real-time operations [6] - CGI renewed its partnership with ExxonMobil to improve payment and loyalty services across Europe and Asia Pacific, supporting over 13,000 fuel retail sites and engaging 10 million active users globally [6] Group 2: Financial Performance and Bookings - In the second quarter of fiscal 2024, GIB reported overall bookings of CAD 3.8 billion, achieving a book-to-bill ratio of 100% for the quarter and 113% on a trailing 12-month basis [3] - Booking ratios were particularly strong in Finland, Poland, and the Baltics at 127%, with Western and Southern Europe at 115%, and the U.K. and Australia at 109% [5] - The global backlog reached CAD 26.8 billion in the reported quarter, indicating strong demand for GIB's services [5] Group 3: Revenue and Earnings Estimates - The Zacks Consensus Estimate for third-quarter fiscal 2024 revenues is projected at $2.69 billion, reflecting a 0.27% year-over-year decline [8] - The consensus estimate for third-quarter earnings is set at $1.40 per share, which has remained unchanged over the past 30 days [8] Group 4: Strategic Focus and Technology - GIB aims to enhance efficiency and user experience for 33,000 state employees through its CGI Advantage ERP platform [9] - The company's focus on innovative solutions includes unified ERP capabilities, enhanced security, and modernized architecture to reduce costs and mitigate risks [4] - CGI's partnership with Amazon Web Services (AWS) will provide a flexible cloud-ready enterprise payments solution to streamline payment procedures for banks [12] Group 5: Market Performance - The stock has declined 5.3% year to date, contrasting with a 29.6% return from the broader Zacks Computer & Technology sector [13]

Core Insights - CGI Federal Inc. has announced that its Sunflower asset management platform is now available on the U.S. Department of Treasury's shared services marketplace, enhancing its position as a trusted partner for federal agencies [5][6] - Sunflower is designed to improve asset management for federal agencies, supporting accountability for millions of assets across more than 75 agencies, and promoting compliance and streamlined financial reporting [3][6] - CGI Inc. reported a fiscal 2023 revenue of CA$14.30 billion, highlighting its significant scale and capabilities in IT and business consulting services [2] Company Overview - CGI Federal Inc. is a wholly owned U.S. subsidiary of CGI Inc., which is one of the largest independent IT and business consulting firms globally, with 90,000 professionals [2] - The company focuses on providing solutions across various sectors, including defense, healthcare, and international affairs, leveraging a local relationship model supported by a global delivery network [2] Product Details - Sunflower is a cloud-based, software-as-a-service (SaaS) solution that enhances financial asset information management and integrates with approved Core Financial Management systems [6] - The solution has received FedRAMP authorization, certifying it for use across federal agencies, and is part of CGI's Momentum® Enterprise Suite, which also gained FM QSMO approval in 2023 [6]

Core Insights - CGI has been selected as a technology partner for the FBI, highlighting its capabilities in IT modernization and contributing to the FBI's goals of cost reduction and project success [1][9] - CGI Advantage, an ERP solution, has been successfully launched in Honolulu, integrating financial, personnel, and performance data, automating budget processes, and requiring significant technological upgrades [2][10] - CGI's engagement with Los Angeles County to modernize core systems represents a significant milestone, focusing on upgrading financial, budget, inventory, payroll, and human resources systems [3][12] Financial Performance - In Q2 2024, CGI's revenues increased by 0.7% year over year to CAD 3.7 billion, with government business revenues rising by 5.7% on a constant currency basis [4] - Overall bookings for the reported quarter were CAD 3.8 billion, achieving a book-to-bill ratio of 100% and 113% on a trailing 12-month basis, with a global backlog reaching CAD 26.8 billion [15] Strategic Partnerships - CGI's expanding customer base includes significant partnerships with the FBI and the City and County of Honolulu, aimed at modernizing governmental operations [8] - The collaboration with Los Angeles County will empower its workforce, enable data-driven decision-making, and support extensive operations, including payroll for over 110,000 employees and managing over $12 billion in disbursements [12] Market Position - CGI's strong partner base, including major companies like Alphabet, Microsoft, and Amazon, is expected to drive top-line growth [11] - Despite these advancements, CGI's shares have declined by 6.5% year to date, underperforming the broader Zacks Computer & Technology sector, which has returned 25.3% [13]

Core Points - CGI Federal Inc. has been selected as a technology partner for the FBI to modernize its IT systems, aiming to lower costs and increase project success [1][2] - The new Blanket Purchase Agreement (BPA) has a ceiling value of US$8 billion and allows CGI to bid on task orders under the FBI Information Technology Supplies and Support Services 2nd Generation [1][4] - CGI's extensive experience with the FBI over the past decade positions the company to provide essential talent, tools, and technologies needed for the Bureau's evolving mission [2][7] Company Overview - CGI Inc. is one of the largest independent IT and business consulting services firms globally, founded in 1976, with a reported revenue of CA$14.30 billion for Fiscal 2023 [5] - The company employs approximately 90,000 consultants and professionals worldwide, offering a comprehensive portfolio of services including strategic IT consulting, systems integration, and managed IT services [5] - CGI operates through a local relationship model supported by a global delivery network, facilitating digital transformation for clients [5]

CGI PayPartner 360 streamlines end-to-end payment processing for enhanced efficiency Founded in 1976, CGI is among the largest independent IT and business consulting services firms in the world. With 90,000 consultants and professionals across the globe, CGI delivers an end-to-end portfolio of capabilities, from strategic IT and business consulting to systems integration, managed IT and business process services and intellectual property solutions. CGI works with clients through a local relationship model c ...

HONOLULU, June 25, 2024 /PRNewswire/ -- CGI (TSX: GIB.A) (NYSE: GIB), one of the largest independent IT and business consulting services firms in the world, today announced the City and County of Honolulu's launch of CGI Advantage®, a transformational enterprise resource planning (ERP) solution built on a unified platform. The platform integrates financial, personnel and performance data to automate budget processes while providing flexibility for the adoption of new and evolving technologies. "CGI's partne ...

Forbes names CGI one of America's best large employers, and Top Workplaces USA recognizes CGI for workplace culture, diversity, and employee satisfaction FAIRFAX, Va., June 6, 2024 /PRNewswire/ -- CGI (TSX: GIB.A) (NYSE: GIB), one of the largest independent IT and business consulting services firms in the world, today announced two 2024 designations, first as one of America's Best Large Employers by Forbes and as a Top Workplace USA for the fourth consecutive year. "We are pleased to be recognized by our em ...

Stock Market Symbols GIB.A (TSX) GIB (NYSE) cgi.com/en/newsroom MONTRÉAL, May 27, 2024 /PRNewswire/ - CGI (TSX: GIB.A) (NYSE: GIB) announced today that it intends to enter into a private agreement with CDPQ for the purchase for cancellation of 2,887,878 of its Class A subordinate voting shares ("Class A Shares") held by CDPQ for a price of $138.51 per Class A Share, which represents a discount to the closing price on May 27, 2024 of the Class A Shares on the Toronto Stock Exchange ("TSX"). The transaction w ...

Core Viewpoint - CGI is undergoing a leadership transition with François Boulanger appointed as the new President and CEO effective October 1, 2024, succeeding George D. Schindler, who will retire on September 30, 2024, but remain on the Board as a strategic advisor [1][2]. Group 1: Leadership Transition - François Boulanger has been with CGI for 20 years and has significantly contributed to the company's profitable growth, leading various global teams [2]. - George D. Schindler has led CGI for the past 8 years, during which the company achieved over $14 billion in annual revenue, with its share price more than doubling and market capitalization increasing by over 70% [2]. Group 2: Company Overview - Founded in 1976, CGI is one of the largest independent IT and business consulting services firms globally, employing 90,000 professionals [3]. - CGI offers a comprehensive range of services, including strategic IT and business consulting, systems integration, managed IT services, and intellectual property solutions [3]. - For fiscal year 2023, CGI reported revenue of CA$14.30 billion [3].