CGI(GIB)

Search documents
CGI to release second quarter fiscal 2025 results on April 30
Prnewswire· 2025-04-23 10:30
Group 1 - CGI will release its second quarter fiscal year 2025 results on April 30, 2025, before the markets open [1] - The conference call to discuss the results will be hosted by François Boulanger, President and CEO, and Steve Perron, Executive Vice-President and CFO, at 9:00 a.m. (EDT) on the same day [2] - Interested parties can access a replay of the call and the webcast through the company's IR section on its website [3][4] Group 2 - CGI is one of the largest independent IT and business consulting services firms globally, founded in 1976 [5] - The company reported revenue of CA$14.68 billion for fiscal year 2024 and employs 91,000 consultants and professionals worldwide [5]
CGI Advantage® first ERP solution to achieve GovRAMP Authorized status
Prnewswire· 2025-04-17 10:30
Core Insights - CGI's Advantage® ERP solution has achieved GovRAMP Authorized status, making it the first and only ERP solution to receive this designation, ensuring compliance with rigorous security standards for government systems [1][4][5] Group 1: GovRAMP Authorization - The State of Arizona sponsored the GovRAMP authorization, supporting CGI Advantage ERP in meeting high cybersecurity standards [2] - GovRAMP certification simplifies security verification for public sector organizations, providing a robust method for validating cloud security providers [4][5] - The certification assures government clients that CGI Advantage ERP complies with security standards established by the National Institute of Standards and Technology (NIST) [5] Group 2: Cybersecurity Focus - Cybersecurity is a top priority for governments, with a focus on protecting sensitive data and systems [3] - The GovRAMP designation allows agencies to reduce complexities in managing third-party risk, facilitating faster adoption of secure cloud technologies [6] Group 3: CGI Advantage ERP Features - CGI Advantage is a unified ERP platform designed specifically for government needs, streamlining various operations such as financial management and human resources [7] - The platform is backed by over 46 years of public sector expertise and an active client community that values innovation [7] Group 4: Company Overview - CGI, founded in 1976, is one of the largest independent technology and professional services companies globally, with 91,000 professionals [8] - The company reported revenue of CA$14.68 billion for Fiscal 2024 and is listed on both the TSX and NYSE [8]
CGI VirtualFlightRecorder to enhance aviation safety with next-generation flight data solution
Prnewswire· 2025-04-15 10:30
Core Insights - CGI is expanding its Universal Virtual Flight Data Recorder (UVFDR) initiative, supported by the European Space Agency (ESA) and the UK Space Agency (UKSA), to enhance aviation safety and operational efficiency globally [1][5] Group 1: Project Overview - The new phase will establish CGI VirtualFlightRecorder, a scalable solution built on AWS, aimed at improving aviation safety and compliance with global aeronautics distress and safety standards [2][4] - The project builds on the success of the initial UVFDR project, ensuring alignment with International Civil Aviation Organization (ICAO) standards for GADSS [3][4] Group 2: Technological Features - CGI VirtualFlightRecorder replicates the function of a traditional crash-protected flight recorder in a cloud-based environment, allowing authenticated storage of flight data [4][7] - The system will enhance data resilience in emergencies and ensure compliance with global standards informed by EASA, FAA, and EUROCAE recommendations [7] Group 3: Industry Impact - The initiative aims to empower aviation stakeholders with a cost-effective tool to enhance operational efficiency and comply with international safety mandates [4][5] - CGI's role in advancing aviation safety through transformative technology is emphasized, with the project expected to support safer skies and meet evolving industry needs [5] Group 4: Company Background - CGI, founded in 1976, is one of the largest independent IT and business consulting services firms globally, with reported revenue of CA$14.68 billion for fiscal 2024 [6][8]
CGI enters into an exclusivity agreement to acquire Apside, a leading digital and engineering services firm in France
Prnewswire· 2025-03-31 10:30
Stock Market Symbols GIB.A (TSX) GIB (NYSE) cgi.com/newsroom PARIS, March 31, 2025 /PRNewswire/ - CGI (TSX: GIB.A) (NYSE: GIB), one of the largest independent IT and business consulting services firms in the world, today announced the signature of an exclusivity agreement to acquire Apside, a France-based leading digital and engineering services firm. The agreement was signed with Apside's main shareholders, Siparex and investments companies of Crédit Agricole Group. With a significant local presence, Apsid ...
Ventura County, CA, successfully launches CGI Advantage® cloud-based financial management system
Prnewswire· 2025-03-31 10:30
"Ventura County's decision to upgrade its financial system with CGI reflects the strength of our collaboration and the shared commitment to achieving lasting operational improvements. The updated VCFMS will deliver a streamlined user interface, enhancing accessibility and efficiency outcomes for end users," said Joanna Robinson, Senior Vice-President of CGI's U.S. West operations. "The system's go-live represents a critical step forward in Ventura County's modernization journey. By embracing cloud-based sol ...
CGI expands its presence in Québec City with the acquisition of Momentum Technologies
Prnewswire· 2025-03-25 20:30
Stock Market SymbolsGIB.A (TSX)GIB (NYSE)cgi.com/newsroom Acquisition deepens CGI's data and business intelligence capabilities MONTRÉAL, March 25, 2025 /PRNewswire/ - CGI (TSX: GIB.A) (NYSE: GIB), one of the largest independent IT and business consulting services firms in the world, today announced the acquisition of Momentum Technologies, a Québec City based IT consulting services company, specializing in data analytics and business intelligence.More than 250 highly skilled consultants and professionals w ...
CGI completes Novatec acquisition, strengthening its European presence in key commercial industry sectors
Prnewswire· 2025-03-21 10:30
Stock Market SymbolsGIB.A (TSX)GIB (NYSE)cgi.com/newsroom MONTRÉAL, Canada LEINFELDEN-ECHTERDINGEN, Germany and GRANADA, Spain, March 21, 2025 /PRNewswire/ - CGI (TSX: GIB.A) (NYSE: GIB), one of the largest independent IT and business consulting services firms in the world, has completed the previously announced acquisition of Novatec by its wholly owned limited partnership, CGI Deutschland B.V. & Co. KG. Novatec is a leading digital services company in Germany and Spain. Founded in 1996, it offers a wide r ...
CGI announces pricing of US$650M of 5-year notes
Prnewswire· 2025-03-12 22:23
Core Viewpoint - CGI has announced the pricing of a US$650 million offering of senior unsecured notes, with a 4.95% annual interest rate, aimed at repaying existing debt and for general corporate purposes [1][2]. Group 1: Offering Details - The offering consists of 5-year senior unsecured notes, expected to close around March 14, 2025, subject to customary conditions [1]. - The net proceeds from the offering are anticipated to be approximately US$641.3 million after deducting fees and expenses [2]. - CGI plans to enter into a currency swap agreement to lower the Canadian dollar equivalent cost of borrowing to 3.7125% per annum [1]. Group 2: Regulatory Information - The notes will be offered to qualified institutional buyers in the U.S. under Rule 144A and outside the U.S. under Regulation S of the U.S. Securities Act [3]. - The notes have not been registered under the Securities Act and may not be sold in the U.S. without an exemption [4]. Group 3: Company Overview - CGI, founded in 1976, is one of the largest independent IT and business consulting firms globally, with 91,000 professionals [5]. - The company reported revenue of C$14.68 billion for Fiscal 2024 [5].
CGI becomes the first major digital services company to be awarded the Sustainable IT label - Level 2 across Europe and Morocco
Prnewswire· 2025-03-06 11:30
Core Points - CGI has been awarded the Sustainable IT label - Level 2, recognizing its commitment to sustainable digital practices across its operations in France, Luxembourg, Morocco, Romania, and Switzerland [1][2] - The company was previously awarded Level 1 in 2022 and is the first digital services firm with over 5,000 employees to achieve Level 2 [2] - The Sustainable IT label is based on guidelines from the Institut du Numérique Responsable, aimed at promoting responsible digital business practices [3] Company Initiatives - CGI's President for France and Luxembourg highlighted the company's initiatives, including training 9,000 employees in eco-design and collaborating with major clients like EDF to develop environmentally-friendly solutions [4] - A comprehensive audit conducted by Baker Tilly assessed CGI against 52 criteria, leading to a three-year progress plan focused on responsible design and the adoption of standards for responsible artificial intelligence [4][5] Strategic Focus Areas - The audit evaluated CGI in five main areas, including integrating digital responsibility into the organization's strategy and lifecycle management of digital services [5][7] - The company aims to promote sustainability throughout the lifecycle of its services, from purchasing to responsible management of equipment and data [7] Financial Overview - For fiscal 2024, CGI reported revenue of CA$14.68 billion, with shares listed on both the TSX and NYSE [8]
CGI completes acquisition of UK-based BJSS, deepening its presence across key commercial industries and public sector
Prnewswire· 2025-02-25 13:00
Group 1 - CGI has completed the acquisition of BJSS, a UK-based technology and engineering consultancy, to enhance its consulting-led services and drive innovation in cloud, AI, data analytics, and software engineering [1][2] - The acquisition will integrate BJSS's 2,400 professionals into CGI's global network, increasing CGI's UK workforce to over 8,500 and expanding service offerings in various sectors [2] - CGI aims to leverage BJSS's expertise to assist clients in navigating digital transformations and achieving strategic goals [2] Group 2 - CGI, founded in 1976, is one of the largest independent IT and business consulting firms globally, with a reported revenue of CA$14.68 billion for Fiscal 2024 [3] - The company operates with a local relationship model supported by a global delivery network, providing a comprehensive range of IT and business consulting services [3]