CGI(GIB)

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CGI partners with City of Rockville to transform the City's financial, HR and procurement systems with cloud-based CGI Advantage®
Prnewswire· 2025-07-08 12:00
FAIRFAX, Va., July 8, 2025 /PRNewswire/ -- CGI (TSX: GIB.A) (NYSE: GIB), one of the largest independent technology and professional services firms, today announced the successful launch of an upgraded financial and administrative system for the City of Rockville, Maryland. The transformation moves Rockville's existing systems to the upgraded CGI Advantage® enterprise resource planning (ERP) platform, a cloud-based solution providing the City with enhanced capabilities, streamlined processes, and improved op ...
C-Suite realigns transformation strategies to navigate complexity, boost efficiency and drive outcomes
Prnewswire· 2025-06-23 10:30
Core Insights - CGI's annual global research reveals that organizations are increasingly focused on digital transformation, with AI and automation being the top investment priorities for executives [2][5] - The research indicates a significant shift towards fewer enterprise-level partners, emphasizing the need for partners with both technical expertise and deep industry experience [2][5] - The findings highlight that while organizations are investing in AI, they face challenges such as legacy systems and talent constraints that hinder their ability to achieve tangible ROI [5][6] Digital Transformation Trends - Two-thirds of executives report that digitization is reshaping business models, with a notable increase in this sentiment from previous years [5] - The pressure from macroeconomic and geopolitical uncertainties is pushing enterprises to cut costs while accelerating digital transformation efforts [5] - Despite challenges, nearly two-thirds of executives plan to maintain or increase capital expenditure next year, with over half intending to invest more than $200 million in new IT programs over the next three years [5] AI Implementation and Adoption - AI implementation is viewed as a key lever for driving efficiency and innovation, with 35% of organizations implementing traditional AI and 26% adopting generative AI, both showing year-over-year growth [5] - CGI emphasizes a structured approach to help clients integrate responsible AI into their operations, aiming for innovation and data-driven decision-making [3][5] Company Overview - CGI is one of the largest independent IT and business consulting services firms globally, with reported revenue of CA$14.68 billion for Fiscal 2024 [7] - The company employs 94,000 consultants and professionals worldwide, offering a comprehensive portfolio of services from strategic consulting to managed IT services [7]
ABN AMRO Bank partners with CGI to become a CLS Bank full settlement member
Prnewswire· 2025-06-18 12:00
CGI's CLS Manager solution and market expertise help ABN AMRO Bank reduce risk and expand third-party service offeringsNEW YORK, June 18, 2025 /PRNewswire/ -- CGI (NYSE: GIB) (TSX: GIB.A), one of the world's largest independent technology and professional services firms, today announced that the Netherlands' ABN AMRO Bank recently selected CGI's industry-leading Continuous Linked System (CLS) Manager solution to support its transition from a third-party participant to a full settlement member of the interna ...
CGI to support Suffolk County's modernization of financial and administrative IT systems with cloud-based CGI Advantage® solution
Prnewswire· 2025-06-04 12:00
Core Insights - CGI has extended its partnership with Suffolk County, New York, to modernize the county's financial and administrative systems, building on a relationship that spans over 25 years [1][5] - The initiative involves transitioning to the advanced version of CGI Advantage®, utilizing a Software-as-a-Service (SaaS) platform for key functions such as finance, procurement, and advanced reporting [2][4] - The modernization aims to enhance operational resilience, strengthen security, and reduce reliance on legacy systems, ultimately improving service delivery for residents [2][5] Company Overview - CGI is one of the largest independent technology and professional services companies globally, founded in 1976, with a workforce of 94,000 professionals [7] - The company reported revenue of CA$14.68 billion for Fiscal 2024 and is listed on both the TSX and NYSE [7][8] - CGI Advantage is a unified ERP platform designed specifically for government needs, streamlining various operations including financial management and procurement [6]
CGI secures 10-year contract extension with Colorado Parks and Wildlife
Prnewswire· 2025-05-08 10:30
Agency will enhance financial sustainability and operational efficiency with deployment of CGI Advantage® Performance Budgeting DENVER, May 8, 2025 /PRNewswire/ -- CGI (TSX: GIB.A) (NYSE: GIB), one of the world's largest independent technology and professional services companies, today announced the award of a 10-year contract extension with Colorado Parks and Wildlife (CPW). The ongoing partnership underscores CGI's commitment to supporting CPW's mission through advanced performance budgeting and transfor ...
CGI Federal selected to modernize Federal Aviation Administration's Notice to Airmen (NOTAM) system to help strengthen aviation safety
Prnewswire· 2025-05-06 13:10
Core Insights - CGI Federal Inc. has been selected by the Federal Aviation Administration (FAA) to modernize the Notice to Airmen (NOTAM) system, which is crucial for aviation safety in the U.S. [1] - The modernization will involve a partnership with Google Public Sector, NG Aviation, and Mosaic ATM to implement a state-of-the-art NOTAM platform that enhances data exchange and stakeholder collaboration [2][3] Company Overview - CGI Federal Inc. is a wholly owned U.S. subsidiary of CGI Inc., providing technology and professional services to federal government agencies across various sectors, including defense and healthcare [4] - CGI Inc. is one of the largest independent IT and business consulting firms globally, with a workforce of 94,000 professionals and reported revenue of CA$14.68 billion for Fiscal 2024 [5]
CGI Group (GIB) Q2 Earnings and Revenues Miss Estimates
ZACKS· 2025-04-30 12:46
Core Viewpoint - CGI Group reported quarterly earnings of $1.48 per share, slightly missing the Zacks Consensus Estimate of $1.50 per share, but showing an increase from $1.46 per share a year ago [1][2] Financial Performance - The company posted revenues of $2.8 billion for the quarter ended March 2025, which was below the Zacks Consensus Estimate by 0.43%, but an increase from $2.77 billion year-over-year [3] - CGI has surpassed consensus revenue estimates three times over the last four quarters [3] Earnings Surprise and Trends - The earnings surprise for this quarter was -1.33%, while the previous quarter saw a positive surprise of 1.44% [2] - Over the last four quarters, CGI has exceeded consensus EPS estimates two times [2] Stock Performance and Outlook - CGI shares have declined approximately 2.1% since the beginning of the year, compared to a decline of 5.5% for the S&P 500 [4] - The current consensus EPS estimate for the upcoming quarter is $1.47 on revenues of $2.76 billion, and for the current fiscal year, it is $5.91 on revenues of $11.03 billion [8] Industry Context - The Computer - Services industry, to which CGI belongs, is currently ranked in the top 29% of over 250 Zacks industries, indicating a favorable outlook [9] - Empirical research suggests a strong correlation between near-term stock movements and trends in earnings estimate revisions, which can impact CGI's stock performance [6][9]
CGI(GIB) - 2025 Q2 - Quarterly Report
2025-04-30 11:15
Exhibit 99.1 Management's Discussion and Analysis For the three and six months ended March 31, 2025 and 2024 Management's Discussion and Analysis For the three and six months ended March 31, 2025 and 2024 April 30, 2025 BASIS OF PRESENTATION This Management's Discussion and Analysis of the Financial Position and Results of Operations (MD&A) is a responsibility of management and has been reviewed and approved by the Board of Directors. This MD&A has been prepared in accordance with the rules and regulations ...
CGI reports second quarter Fiscal 2025 results
Prnewswire· 2025-04-30 10:30
Core Insights - CGI reported Q2-F2025 revenue of $4.02 billion, reflecting a year-over-year growth of 7.6% and a constant currency growth of 3.3% [2][10] - The company achieved strong quarterly bookings of $4.5 billion, resulting in a book-to-bill ratio of 111% [2][8] - Net earnings for the quarter were $429.7 million, up 0.7% year-over-year, with diluted earnings per share increasing by 3.3% to $1.89 [6][10] Financial Performance - Revenue: $4.02 billion, up 7.6% year-over-year; constant currency growth of 3.3% [10][24] - Earnings Before Income Taxes: $582.6 million, up 0.9% year-over-year, with a margin of 14.5% [5][10] - Adjusted Earnings Before Interest and Taxes: $665.7 million, up 5.9% year-over-year, with a margin of 16.5% [5][10] - Net Earnings: $429.7 million, up 0.7% year-over-year, with a margin of 10.7% [6][10] - Adjusted Net Earnings: $480.7 million, up 4.6% year-over-year, with a margin of 11.9% [7][10] - Diluted EPS: $1.89, up 3.3% year-over-year; Adjusted Diluted EPS: $2.12, up 7.6% [6][7][10] Cash Flow and Investments - Cash provided by operating activities was $438.2 million, representing 10.9% of revenue [7][10] - The company invested $99.7 million back into its business and $1,560.6 million in acquisitions [9][10] - CGI returned $34.1 million to shareholders through dividends [9][10] Backlog and Workforce - Backlog reached $30.99 billion, equivalent to 2.0 times annual revenue [8][10] - As of March 31, 2025, CGI employed approximately 94,000 consultants and professionals globally [8][10] Debt and Financial Ratios - Long-term debt and lease liabilities totaled $4.37 billion, up from $3.03 billion year-over-year [11][10] - Net debt stood at $3.24 billion, an increase from $1.73 billion the previous year, with a net debt-to-capitalization ratio of 24.1% [11][10]
CGI launches fraud, waste and abuse prevention platform to support U.S. federal government agencies
Prnewswire· 2025-04-28 11:05
Core Insights - CGI Federal Inc. has launched a Fraud, Waste and Abuse (FWA) Prevention Platform aimed at assisting U.S. federal government agencies in detecting and preventing improper payments before they occur [1][2] - The platform utilizes advanced fraud analytics and predictive models based on over 3,000 fraud schemes, enabling early identification of potentially fraudulent activities [2] - CGI's Momentum solution, which is integrated with the FWA Prevention Platform, is used by over 180 federal organizations and complies with federal financial management frameworks [3] Company Overview - CGI Federal Inc. is a leading technology and professional services provider for federal agencies, employing nearly 8,000 professionals to modernize government operations [4] - The company focuses on delivering innovative technology solutions and flexible delivery models to achieve mission outcomes across various sectors, including defense and healthcare [4] Technology Partnership - The FWA Prevention Platform was developed in collaboration with TrackLight Inc., leveraging AI-driven technology and open-source intelligence to enhance fraud detection capabilities [2][5] - TrackLight's suite includes various tools for fraud detection, benefiting from access to over 1 billion open-source intelligence records [5]