Core Insights - CGI Inc. has expanded its global alliance with Google Cloud to enhance the adoption of Gemini Enterprise, a next-generation AI platform designed for secure and scalable use [1][2] Group 1: Partnership and Collaboration - The collaboration aims to leverage CGI's industry expertise to enable AI for return on investment (ROI), modernizing data foundations and embedding AI into critical operations [2] - CGI will provide tens of thousands of its consultants with access to Gemini Enterprise, alongside co-investment in market initiatives and internal enablement programs [2][3] Group 2: AI Implementation and Strategy - The partnership focuses on delivering enterprise-grade AI solutions that are secure, reliable, and measurable, moving beyond pilot projects to tangible outcomes [3] - CGI's approach to AI implementation emphasizes practical business transformation, including data architecture and workflow re-engineering [3] Group 3: Technology and Innovation - Utilizing Gemini 3, CGI and its clients will benefit from advanced AI capabilities, integrating tools like Antigravity to enhance solution delivery [3] - CGI's global alliance strategy includes partnerships with over 150 technology companies, ensuring flexibility in selecting optimal solutions for clients [4] Group 4: Company Overview - Founded in 1976, CGI is one of the largest independent IT and business consulting firms, with 94,000 professionals globally [5] - CGI reported revenue of CA$15.91 billion for fiscal 2025, with shares listed on both the TSX and NYSE [5]

Core Insights - CGI Federal Inc. has launched the CGI Fraud, Waste and Abuse (FWA) Prevention Platform, now available on the U.S. General Services Administration's FM QSMO Marketplace, aimed at enhancing federal agencies' capabilities to combat fraud [1][4] Company Overview - CGI Federal Inc. is a wholly-owned U.S. subsidiary of CGI Inc., providing technology and professional services to federal agencies across various sectors, including defense, healthcare, and intelligence, with a workforce of nearly 8,000 professionals [5] Platform Features - The CGI FWA Prevention Platform, developed in collaboration with TrackLight Inc. and hosted on Amazon Web Services (AWS), integrates real-time risk detection, advanced analytics, and AI to help federal agencies identify and mitigate fraudulent activities early [2][3] - The platform utilizes third-party data and open-source intelligence to conduct comprehensive risk assessments before payments are made, enabling agencies to prevent fraudulent transactions [3] - It offers an end-to-end solution compatible with any agency's core financial systems, employing AI-backed automation to efficiently identify and resolve risks while maintaining an auditable record of decisions [3] Marketplace Significance - The FM QSMO Marketplace serves as a centralized hub for modern solutions and services, promoting compliance with federal policies and standardizing financial systems across government agencies [4] - The inclusion of the CGI FWA Prevention Platform in the Marketplace simplifies access for federal clients seeking effective tools for fraud prevention and modernization [4][5] Industry Context - The prevention of fraud, waste, and abuse is a critical priority for the federal government, underscoring the importance of reliable solutions like the CGI FWA Prevention Platform in achieving shared services goals [5]

Core Insights - CGI has been recognized as a Major Contender in the Everest Group's PEAK Matrix Assessment 2025 for its Global Capability Center (GCC) setup and transformation capabilities in India [1][2][5] Company Overview - CGI is one of the largest independent IT and business consulting services firms globally, founded in 1976, with 94,000 consultants and professionals [7] - The company reported a revenue of CA$15.91 billion for Fiscal 2025 [7] GCC Capabilities - CGI provides end-to-end support for GCCs, helping clients establish, scale, and modernize these centers to drive digital transformation and AI-integrated operations [2][3] - The company emphasizes a dual agenda for organizations, balancing innovation and growth with efficiency and cost control, leading to increased investment in technology operations centers [4] Recognition and Assessment - The Everest Group's PEAK Matrix Assessment evaluates service providers based on market impact and vision and capability, categorizing them as Leaders, Major Contenders, or Aspirants [6] - CGI's recognition reflects its skilled talent and delivery capabilities, enabling organizations to accelerate digital transformation and enhance operational resilience [3][5]

Core Viewpoint - CGI has successfully completed the acquisition of Comarch Polska SA, enhancing its presence in Poland and the Baltic States with an additional 460 IT and business consulting professionals [1][2]. Company Expansion - The acquisition increases CGI's workforce in Poland and the Baltic States to approximately 1,500 professionals, allowing for an expanded presence in major Polish cities [2]. - CGI aims to grow both organically and through strategic acquisitions, focusing on leveraging expertise in the public sector and transferring capabilities from its European operations [3]. Market Opportunities - There are significant growth opportunities in the public sector, with CGI planning to combine Comarch's local expertise with its technology-agnostic offerings to enhance the portfolio of solutions available to public sector organizations in Poland [4]. - CGI commits to delivering 95% of projects on time and within budget, setting a new performance benchmark in the Polish market [4]. Comarch's Background - Comarch has been providing software and IT service solutions for the public administration sector since 1993, with key offerings including ERP solutions and digital process management tools [4]. - The CEO of Comarch Polska expressed confidence that joining CGI will further enhance their presence in the public sector by introducing globally developed solutions tailored to the Polish market [5]. CGI Overview - Founded in 1976, CGI is one of the largest independent IT and business consulting services firms globally, with 94,000 professionals delivering a comprehensive portfolio of services [7]. - CGI reported revenue of CA$15.91 billion for Fiscal 2025, indicating strong financial performance [7].

Core Viewpoint - CGI has filed its Management Proxy Circular for the Annual General Meeting of Shareholders scheduled for January 28, 2026, along with its 2025 Annual Information Form and Annual Report on Form 40-F [1][2]. Company Information - CGI, founded in 1976, is one of the largest independent IT and business consulting services firms globally, employing 94,000 consultants and professionals [5]. - The company reported revenue of CA$15.91 billion for Fiscal 2025 [5]. - CGI operates through a local relationship model supported by a global delivery network, focusing on digital transformation for clients [5]. Meeting Materials and Access - CGI utilizes the Notice and Access rules to minimize paper distribution for the Annual General Meeting, making materials available online [3]. - Registered shareholders and non-objecting beneficial owners can request paper copies of meeting materials by contacting Computershare Investor Services Inc. [4]. - All requests for paper copies must be received by January 14, 2026, to ensure timely delivery [4].

Core Viewpoint - CGI Inc. is a significant player in the technology and professional services sector, specializing in IT and business consulting services, and has recently secured a major contract that may enhance its future performance [1][2][3]. Group 1: Company Overview - CGI Inc. provides a wide range of IT and business consulting services, including systems integration, outsourcing, and managed services [1]. - The company competes with major firms like Accenture and IBM in the global market [1]. Group 2: Recent Developments - On December 14, 2025, CIBC downgraded CGI's stock from "Outperform" to "Neutral" when the stock was priced at $90.61 [2]. - CGI has secured a significant contract with the Texas Department of Information Resources (DIR) to provide commercial off-the-shelf (COTS) software and related services to state and local governments [2][3]. Group 3: Contract Impact - The contract with Texas DIR aims to enhance digital transformation and data integration within the public sector [3]. - CGI's solutions, such as CGI Advantage and CGI Transcend, are designed to support government operations and improve service delivery [3]. Group 4: Stock Performance - CGI's stock price is currently $90.61, reflecting a slight increase of 0.38% or $0.35 [4]. - The stock has fluctuated between $89.69 and $90.76 during the trading day, with a yearly high of $122.79 and a low of $84 [4]. - CGI's market capitalization is approximately $20.18 billion, with a trading volume of 222,690 shares [4].

Core Insights - CGI has been awarded a contract by the Texas Department of Information Resources (DIR) to provide commercial off-the-shelf (COTS) software and related services to state and local governments [1][2]. Group 1: Contract Details - The contract enables CGI to offer several market-leading solutions aimed at advancing digital transformation, data integration, and citizen engagement in the public sector [2]. - CGI Advantage, a SaaS ERP solution, supports key government operations such as finance, human resources, budgeting, and procurement [2]. - CGI Transcend™, a SaaS case management solution, is designed for health and human services agencies, enhancing service delivery and data-driven decision-making [2]. - The contract is effective immediately, allowing eligible public sector organizations in Texas to purchase CGI's software and services directly [3]. Group 2: Company Background - CGI, founded in 1976, is one of the largest independent technology and professional services firms globally, with 94,000 consultants and professionals [4]. - The company reported fiscal 2025 revenue of CA$15.91 billion, with shares listed on the TSX and NYSE [4]. Group 3: DIR Overview - The Texas Department of Information Resources (DIR) aims to lead the state's technology strategy and provide innovative solutions for all levels of government [5].

Core Insights - CGI has signed a contract with NATO Communications and Information Agency (NCIA) to deliver the HERMES project, which aims to enhance NATO's command and control capabilities through secure mobile communication solutions [1][2] - The HERMES project integrates CGI's managed services with secunet's Secure Inter-Network Architecture (SINA) technology, providing a scalable IT solution for NATO executives [1][4] - The project emphasizes the importance of reliability and interoperability in a security-critical environment, allowing NATO leaders to access classified information securely while mobile [2][4][5] Company Overview - CGI is one of the largest independent IT and business consulting services firms globally, founded in 1976, with a reported revenue of CA$15.91 billion for fiscal 2025 [6] - The company employs 94,000 consultants and professionals worldwide, offering a comprehensive portfolio of IT and business consulting services [6] - Secunet, a partner in the HERMES project, is Germany's leading cybersecurity company, specializing in areas with unique security requirements and generating revenue of around 406 million euros in 2024 [9][10]

Core Insights - San Diego County has launched the CGI Advantage cloud-based Performance Budgeting solution, enhancing its existing budgeting system and aligning with strategic priorities [1][2] Group 1: Transition to Cloud-Based Solution - The transition from an on-premises system to CGI Advantage in the cloud marks a significant milestone in the County's modernization strategy, simplifying updates and enhancing user experience [2][3] - The upgrade reduces operational costs, improves system functionality, and strengthens security and compliance [2] Group 2: Benefits of CGI Advantage - Key benefits include migration to a SaaS model, enabling real-time access to critical information for County analysts [3] - CGI is assisting in converting legacy reports to CGI Advantage Insight, modernizing reporting and improving decision-making [3][4] Group 3: User Support and System Reliability - Enhanced user support will be provided through CGI Advantage Academy, ensuring employees can fully utilize the platform [4] - Automated testing via TestSavvy will streamline the update process and enhance system reliability [4] Group 4: Commitment to Modernization - CGI emphasizes its commitment to supporting San Diego County's modernization goals through innovative technology and improved operational efficiency [5] - The upgrade aligns with CGI's mission to empower public sector clients and deliver better outcomes for communities [5] Group 5: About CGI Advantage - CGI Advantage is a unified ERP platform designed for government needs, streamlining financial management, human resources, performance budgeting, procurement, and business intelligence operations [6] - The platform is backed by over 46 years of public sector expertise and a strong client community [6] Group 6: About CGI - Founded in 1976, CGI is one of the largest independent IT and business consulting firms globally, with 94,000 professionals delivering a comprehensive portfolio of services [7] - CGI reported revenue of CA$15.91 billion for Fiscal 2025, with shares listed on TSX and NYSE [7]

Core Thesis - CGI Inc. is positioned as a strong investment opportunity due to its robust financial performance, disciplined capital allocation, and growth potential driven by AI-embedded managed services [1][5]. Financial Performance - Revenue increased by 9.7% year-over-year, with adjusted EPS rising by 10.9%, indicating profitable growth despite temporary margin distortions from restructuring costs [3]. - Bookings reached $4.79 billion, resulting in a 119% book-to-bill ratio, reflecting sustained client demand [3]. - The backlog stood at $31.45 billion, equivalent to two years of revenue, providing visibility for growth over the next 24–36 months [3]. Capital Allocation and Shareholder Value - The company executed a disciplined approach with strategic M&A totaling $1.8 billion and aggressive buybacks amounting to $1.275 billion, enhancing shareholder value [4]. - CGI raised its dividend by 13%, demonstrating confidence in future cash flows [4]. Growth Drivers - AI and managed services are identified as primary growth engines, contributing to efficiencies, higher-margin work, and client renewals [4]. - Free cash flow remains strong at 16.5% of revenue, supporting ongoing investments and shareholder returns [4]. Valuation Metrics - Valuation metrics indicate an attractive stock price with a PE ratio of 16, levels last seen in 2014 and 2020, alongside a 13.6% return on invested capital [5]. - The company’s strong balance sheet and predictable cash generation position it as a classic compounder, offering limited downside and significant upside potential with accelerated AI adoption [5].