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CGI DigiOps, an AI-powered solution, recognized for excellence in digital transformation
Prnewswire· 2025-02-04 11:30
Core Insights - CGI has been awarded the ACCA India Award 2024 for Excellence in Digital Transformation, recognizing its sustainable business practices and stakeholder value creation [1] - The CGI DigiOps approach integrates people, processes, and technologies to enhance operational efficiencies and user experiences, tailored to client needs [2] - CGI reported a revenue of CA$14.68 billion for Fiscal 2024, highlighting its position as one of the largest independent IT and business consulting firms globally [3] Company Overview - Founded in 1976, CGI employs 91,000 consultants and professionals worldwide, offering a comprehensive portfolio from strategic consulting to managed IT services [3] - CGI operates through a local relationship model supported by a global delivery network, facilitating digital transformation for clients [3] Service Offerings - CGI DigiOps provides an AI-powered service delivery model that integrates application and infrastructure management, aimed at accelerating transformation across various industries [2] - The service is currently implemented in sectors such as energy, utilities, and retail, focusing on insights-led digital operations to drive efficiencies and cost savings [2]
CGI enters into an agreement for the acquisition of Novatec, a leading digital services firm in Germany and Spain
Prnewswire· 2025-01-30 11:30
Group 1 - CGI has signed an agreement to acquire Novatec, an IT services firm specializing in agile software engineering and digital products, which will enhance CGI's presence in the automotive, manufacturing, and financial services sectors in Southern Germany and expand its footprint in Spain [1][2] - The acquisition will bring over 300 skilled IT and consulting experts from Novatec's eight offices in Germany and Spain to CGI, focusing on the automotive industry and e-mobility [1][2] - The transaction is expected to close in March 2025, pending regulatory approvals and customary closing conditions [1] Group 2 - Novatec, founded in 1996, offers a wide range of IT consulting and software development services, including digital strategies and cloud-based solutions, which will complement CGI's existing portfolio [2] - The combined expertise of CGI and Novatec aims to drive additional business value for clients in the automotive, manufacturing, and financial services industries [3] - CGI's acquisition will provide Novatec clients access to CGI's global capabilities and a broad range of end-to-end services and solutions [3] Group 3 - CGI operates 26 offices in Germany, enabling a proximity-based model for consulting services while leveraging its international presence [4] - CGI, founded in 1976, is one of the largest independent IT and business consulting firms globally, with 91,000 professionals and reported revenue of CA$14.68 billion for fiscal 2024 [5]
CGI reports director election results
Prnewswire· 2025-01-29 23:28
Group 1 - CGI held its Annual General Meeting of Shareholders on January 29, 2025, where all 14 proposed directors were elected by shareholders [1] - The voting results showed high approval rates for the directors, with François Boulanger receiving 99.55% of votes for and Stephen S. Poloz receiving 99.72% [1] - CGI is one of the largest independent IT and business consulting services firms globally, with a workforce of 91,000 professionals [2] Group 2 - CGI reported fiscal 2024 revenue of CA$14.68 billion, indicating strong financial performance [2] - The company offers a comprehensive portfolio of services, including strategic IT consulting, systems integration, and managed IT services [2] - CGI operates through a local relationship model supported by a global delivery network, facilitating digital transformation for clients [2]
CGI(GIB) - 2025 Q1 - Earnings Call Presentation
2025-01-29 15:36
First Quarter Fiscal 2025 Financial results and highlights For the three months ended December 31, 2024 and 2023 January 29, 2025 Forward-Looking Information and Statements Our presentations contain "forward-looking information" within the meaning of Canadian securities laws and "forward-looking statements" within the meaning of the United States Private Securities Litigation Reform Act of 1995 and other applicable United States safe harbours. All such forward-looking information and statements are made and ...
CGI Group (GIB) Q1 Earnings and Revenues Beat Estimates
ZACKS· 2025-01-29 13:46
Core Viewpoint - CGI Group reported quarterly earnings of $1.41 per share, exceeding the Zacks Consensus Estimate of $1.39 per share, and showing an increase from $1.34 per share a year ago [1][2] Financial Performance - The company achieved revenues of $2.71 billion for the quarter ended December 2024, surpassing the Zacks Consensus Estimate by 1.07%, compared to $2.65 billion in the same quarter last year [3] - CGI has surpassed consensus EPS estimates three times over the last four quarters [2][3] Stock Performance - CGI shares have increased approximately 4.7% since the beginning of the year, outperforming the S&P 500's gain of 3.2% [4] - The stock's immediate price movement will depend on management's commentary during the earnings call [4] Earnings Outlook - The current consensus EPS estimate for the upcoming quarter is $1.50 on revenues of $2.79 billion, and for the current fiscal year, it is $5.85 on revenues of $11.09 billion [8] - The estimate revisions trend for CGI is currently unfavorable, resulting in a Zacks Rank 4 (Sell) for the stock, indicating expected underperformance in the near future [7] Industry Context - The Computer - Services industry, to which CGI belongs, is currently ranked in the bottom 42% of over 250 Zacks industries, suggesting potential challenges ahead [9] - Empirical research indicates a strong correlation between near-term stock movements and trends in earnings estimate revisions, which could impact CGI's stock performance [6]
CGI(GIB) - 2025 Q1 - Quarterly Report
2025-01-29 12:24
Exhibit 99.1 Management's Discussion and Analysis For the three months ended December 31, 2024 and 2023 January 29, 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 of the Canadian Securities Administrators. The Board of Directors is ultimately responsible for rev ...
Julie Godin named Executive Chair of the CGI Board of Directors and Founder Serge Godin becomes Co-Chair of the Board
Prnewswire· 2025-01-29 11:40
Leadership Transition - Julie Godin has been appointed as Executive Chair of the Board of Directors, effective after the Annual General Meeting of Shareholders [1] - Serge Godin will take on the role of Board Co-Chair and focus on transformational acquisitions and large-scale client engagements [1][3] - The leadership transition has been a carefully planned process over nearly two decades to ensure CGI's long-term profitable growth [2][3] Julie Godin's Background - Julie Godin has extensive experience in various dimensions of CGI's business, having served on the CGI Board for the last 12 years [2] - She has held roles including Co-Chair of the Board and Executive Vice-President, Strategic Planning and Corporate Development, overseeing critical global functions [2] - Her responsibilities include human resources, strategic planning, mergers and acquisitions, business consulting, and cybersecurity [2] Company Overview - CGI, founded in 1976, is one of the largest independent IT and business consulting services firms globally, with 91,000 professionals [4] - The company reported revenue of CA$14.68 billion for Fiscal 2024 [4] - CGI operates through a local relationship model supported by a global delivery network to assist clients in digital transformation [4]
CGI reports first quarter Fiscal 2025 results
Prnewswire· 2025-01-29 11:35
Stock Market Symbols GIB.A (TSX)GIB (NYSE) cgi.com/newsroomRevenue up 5.1% with cash generation of $646 million or 17.1% of revenue1Q1-F2025 performance highlights Revenue of $3.79 billion, up 5.1% year-over-year or 2.7% year-over-year in constant currency1; Earnings before income taxes of $591.7 million, up 12.3% year-over-year, for a margin1 of 15.6%; Adjusted earnings before interest and taxes1 of $611.7 million, up 4.7% year-over-year, for a margin1 of 16.2%; Net earnings of $438.6 million, up 12.5% yea ...
CGI renews its Normal Course Issuer Bid
Prnewswire· 2025-01-29 11:30
Stock Market SymbolsGIB.A (TSX)GIB (NYSE)cgi.com/newsroomMONTRÉAL, Jan. 29, 2025 /PRNewswire/ - CGI (TSX: GIB.A) (NYSE: GIB) announced today that its Board of Directors has authorized the renewal of its Normal Course Issuer Bid ("NCIB"), subject to approval by the Toronto Stock Exchange (the "TSX").CGI's management and Board of Directors believe that the purchase for cancellation of the Company's Class A subordinate voting shares ("Class A Shares") is a proper use of funds, and the NCIB will provide the fle ...
CGI announces details for its Annual General Meeting of Shareholders and release of Fiscal 2025 first quarter results
Prnewswire· 2025-01-22 11:30
Stock Market SymbolsGIB.A (TSX)GIB (NYSE)cgi.com/newsroomMONTRÉAL, Jan. 22, 2025 /PRNewswire/ - CGI (TSX: GIB.A) (NYSE: GIB) will host its Annual General Meeting of Shareholders (the "Meeting") and release its Fiscal 2025 first quarter results on Wednesday, January 29, 2025. The Meeting will be held at 11:00 a.m. (EST) via live webcast at https://www.icastpro.ca/q0jsqn (Password: CGI2024). Shareholders will have the opportunity to participate in real time and vote at the Meeting online in the manner set for ...