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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]
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]