Stock Market SymbolsGIB.A (TSX)GIB (NYSE)www.cgi.com/newsroomNew 25-year Canadian partnership aims to reimagine aircrew trainingOTTAWA, ON, Dec. 17, 2024 /PRNewswire/ - CGI, (TSX: GIB.A) (NYSE: GIB) one of the largest independent IT and business consulting services firms in the world, and SkyAlyne, a leading provider of military pilot and aircrew training in Canada, announce the signing of a 25-year agreement.This strategic partnership is set to build SkyAlyne's operational capabilities, streamline processe ...

TROY, Mich., Dec. 12, 2024 /PRNewswire/ -- Altair (Nasdaq: ALTR), a global leader in computational intelligence, has announced a partnership with CGI, one of the largest independent IT and business consulting services firms in the world. The partnership aims to accelerate IT modernization and digital transformation for organizations globally. Altair has announced a partnership with CGI, one of the largest independent IT and business consulting services firms in the world, to accelerate IT modernization ...

Stock Market SymbolsGIB (NYSE)GIB.A (TSX)cgi.com/newsroomMerger strengthens CGI's position with Fortune 500 clients in St. Louis, Atlanta, Minneapolis, Chicago, Columbus, Dallas and New YorkST. LOUIS, Mo., Dec. 11, 2024 /PRNewswire/ - CGI (NYSE: GIB) (TSX: GIB.A) today announced the signature of an equity purchase agreement to merge operations with Daugherty, a St. Louis-based professional services firm specializing in artificial intelligence, data analytics, strategic IT consulting, and business advisory s ...

Stock Market SymbolsGIB.A (TSX)GIB (NYSE)cgi.com/newsroomMONTRÉAL, Nov. 21, 2024 /PRNewswire/ - CGI (TSX: GIB.A) (NYSE: GIB), one of the largest IT and business consulting companies in the world, has been awarded the 2024 Worldwide Industry Solutions Partner of the Year and Europe, Middle East, and Africa (EMEA) Industry Solutions Partner of the Year by UiPath. CGI was recognized for outstanding results in consulting, innovation, AI, automation and implementation."We are thrilled to be recognized by UiPath ...

FAIRFAX, Va., Nov. 11, 2024 /PRNewswire/ -- CGI (TSX: GIB.A) (NYSE: GIB), one of the largest independent IT and business consulting services firms in the world, today announced their involvement in a new portal designed by Wounded Warrior Project® (WWP). The robust digital platform is available to wounded veterans and their loved ones and helps connect them to resources, support services, events and a network of thousands of veterans and family members globally. Called MyWWP, the platform is built on Salesf ...

FAIRFAX, Va., Nov. 7, 2024 /PRNewswire/ -- CGI (TSX: GIB.A) (NYSE: GIB), one of the largest independent IT and business consulting services firms in the world, today announced it has renewed its U.S.-focused alliance as a Premier Services partner with Snowflake, the AI Data Cloud company. As a Premier partner that supports the AI Data Cloud for government and education, the collaboration augments CGI's offerings to help clients accelerate digital transformations by fully leveraging the performance, flexibil ...

Financial Data and Key Metrics - Revenue for Q4 2024 was $3.7 billion, up 4.4% YoY or 2% excluding foreign exchange impact [8] - Earnings before income taxes were $592 million, with a margin of 16.2%, up 30 basis points YoY [11] - Adjusted EBIT was $600 million, representing a margin of 16.4%, up 10 basis points YoY [12] - Net earnings were $436 million, with a margin of 11.9%, up 10 basis points YoY [15] - Diluted EPS was $1.91, an increase of 8.5% YoY [15] - Cash provided by operating activities was $629 million, representing 17.2% of total revenue [16] - Global backlog reached $28.7 billion, or 1.9 times revenue [11] Business Line Performance - IP revenue grew at 3.7% constant currency, representing 22.9% of total revenue, up 30 basis points YoY [10] - Book-to-bill ratio was 104% for Q4, with managed services at 120% and SI&C at 85% [10] - Managed services bookings were particularly strong in H2, reaching nearly $5.3 billion, up by more than $1 billion compared to H1 [35] Market Performance - Strongest growth segments: Northwest and Central East Europe (7.5% constant currency), UK and Australia (7.2%), Asia Pacific (6.2%), and US Federal (5%) [8] - Government sector showed the highest growth at 4.7% constant currency, followed by manufacturing, retail, and distribution at 3.3% [9] - Financial services in Europe and communications in North America remained challenged [9] Company Strategy and Industry Competition - The company continues to focus on a build-and-buy strategy, with recent acquisitions including Aeyon and CGI Federal to deepen digital and AI-based offerings [25] - Investments in AI and GenAI are ongoing, with a $1 billion AI investment announced previously [47] - The company is actively pursuing M&A opportunities, with a focus on accretive acquisitions that align with its growth strategy [52] Management Commentary on Operating Environment and Future Outlook - The company expects the tax rate for future quarters to be in the range of 25.5% to 26.5% [14] - The demand environment for managed services remains strong, while SI&C is expected to remain soft in the near term [78] - The company sees opportunities in AI, cybersecurity, and cloud services, with a growing pipeline of AI-related projects [48] Other Important Information - The company issued $750 million of public Canadian senior notes to repay existing debt and for general corporate purposes [17] - A cash dividend of $0.15 per share was approved, payable on December 20, 2024 [19] - Germany is now its own segment, and operations in Scandinavia are combined with the Northwest and Central East Europe segment [20] Q&A Session Summary Question: M&A Activity and AI Pipeline - The company has a full M&A pipeline and is in active discussions with multiple targets, but closing deals depends on agreement on price and strategic fit [57] - AI-related projects are increasing, with more proof-of-concepts and internal use of AI in managed services and IP [58] - The company is investing in training its workforce on AI tools, with both basic and technical training programs in place [60] Question: Bookings and US Federal Business - Bookings were slightly weak in Q4 due to lumpiness, with some contracts not closing by the end of the quarter [63] - The US Federal business is expected to pick up after the election, as new priorities will require IT services [66] Question: Microsoft Partnership and M&A Valuation - Microsoft is a key partner, and the company uses tools like CoPilot extensively, but it also works with other technologies like AWS and Google [72] - The company is disciplined in M&A, focusing on accretive deals that align with its strategy, even if it means paying more than one-time revenue [75] Question: Demand Environment and US Commercial Business - The demand environment remains stable, with managed services strong and SI&C soft, particularly in business consulting [78] - The US Commercial and State Government business is expected to bounce back, with large potential deals in the pipeline [79] Question: Discretionary Spending and Margins - Discretionary spending remains soft, particularly in the financial sector, but the company expects a bounce back as interest rates stabilize [81] - Margins are expected to improve, with opportunities in Europe and managed services driving profitability [94] Question: GenAI and Client Adoption - Clients are increasingly relying on the company for AI proof-of-concepts and data preparation, driving future growth opportunities [98] - The company is using AI internally for cost optimization and process automation, which is also benefiting clients [92] Question: M&A Strategy and Infrastructure - The company remains focused on its build-and-buy strategy, with a preference for acquisitions that align with its growth objectives and culture [102] - Pure infrastructure businesses are not a focus, but the company is open to acquisitions that include infrastructure as part of a broader offering [105] Question: Client Pipeline and New Business - The client pipeline is up 20% YoY, with strong growth in retail and financial services, driven by cost-saving initiatives and managed services [112] - The company is seeing growth in AI and cybersecurity consulting, with new opportunities in these areas [114]

CGI Group (GIB) came out with quarterly earnings of $1.41 per share, beating the Zacks Consensus Estimate of $1.38 per share. This compares to earnings of $1.33 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 2.17%. A quarter ago, it was expected that this information technology and business process services company would post earnings of $1.40 per share when it actually produced earnings of $1.40, delivering no surprise.Over ...

                                                                                                         Stock Market SymbolsGIB.A (TSX)GIB (NYSE)cgi.com/newsroomFourth quarter revenue up 4.4% and diluted earnings per share (EPS) up 8.5%Q4-F2024 performance highlights Revenue of $3.66 billion, up 4.4% year-over-year or 2.0% year-over-year in constant currency1; Earnings before income taxes of $592.4 million, up 6.2% year-over-year, for a margin1 of 16.2%; Adjusted EBIT1 of $600.2 million, up 4.7% year-over- ...

Stock symbolsGIB (NYSE)GIB.A (TSX)cgi.com/press-roomPARIS, Nov. 5, 2024 /PRNewswire/ - CGI (TSX: GIB.A) (NYSE: GIB), one of the world's largest business and IT consulting services firms, announces that it has signed a 3-year contract with Michelin, the world's leading manufacturer of composites and experiences that transform our daily lives, to develop and maintain its Supply Chain and Planning Production Manufacturing applications. CGI will also be involved in supporting Michelin's Customer Experience and ...