MONTRÉAL, July 23, 2024 /PRNewswire/ - CGI (TSX: GIB.A) (NYSE: GIB), one of the world's largest business and IT consulting firms, has been positioned as a Major Player by the IDC MarketScape: Worldwide Business Consulting Services 2024 Vendor Assessment*. CGI's business consulting experience is based on its ability to deliver the insights, capabilities, and advisory services clients require to balance short-term and longterm imperatives to drive outcomes aligned to their business strategies. The report note ...

Group 1 - CGI Federal Inc. introduced CGI Agile Catalyst™, a framework designed to assist U.S. federal agencies in determining the appropriate agile implementation and delivery approach tailored to their unique challenges and ecosystems [4][6] - The Agile Catalyst framework includes a comprehensive set of tools such as preconfigured workflows, assessments, dashboards, templates, and best practices specifically for federal agencies [1][5] - Agencies utilizing Agile Catalyst have reported significant outcomes, including a reduction of up to 30% in deliverable cycle time and a 20% decrease in production defects, leading to cost savings aligned with their business cases [2][4] Group 2 - CGI Federal Inc. is a wholly-owned subsidiary of CGI Inc., focusing on providing solutions for various federal missions, including defense, healthcare, and intelligence [3][4] - Founded in 1976, CGI is one of the largest independent IT and business consulting services firms globally, with a workforce of 90,000 consultants and professionals [3] - CGI's fiscal 2023 revenue was reported at CA$14.30 billion, with shares listed on both the TSX and NYSE [3]

Bladex will become the first bank headquartered in Latin America to implement the CGI Trade360® platform, an award-winning software-as-a-service (SaaS) platform utilized by global banks to support trade finance in over 85 countries across Asia, Europe, North America and Oceania. "We look forward to our new partnership with Bladex, a bank with over 40 years of recognized experience in the region's trade finance," said Frank Tezzi, Vice-President, Consulting Services, Trade and Supply Chain Solutions at CGI. ...

Core Insights - Bladex has entered into an agreement with CGI for the implementation of the CGI Trade360 trade technology platform, marking a significant step in enhancing its trade finance capabilities [1][3][7] - This partnership positions Bladex as the first bank headquartered in Latin America to adopt the CGI Trade360 platform, which is utilized by global banks in over 85 countries [7][8] - The CGI Trade360 platform will improve Bladex's regional and global trade business, optimize letter of credit processing, and enhance working capital solutions, security, and operational transparency [8][9][13] Company Overview - Bladex, established in 1979, is a multinational bank headquartered in Panama, focusing on promoting foreign trade financing and economic integration in Latin America and the Caribbean [14] - The bank has a presence in several Latin American countries and has been listed on the New York Stock Exchange for over three decades [14] - Bladex serves a diverse client base, including financial institutions and corporations, and has representative offices in Mexico, Argentina, Brazil, Colombia, and the USA [10][14] CGI Overview - CGI, founded in 1976, is one of the largest independent IT and business consulting firms globally, with 90,000 professionals [15] - The company offers a comprehensive portfolio of services, including strategic IT consulting, systems integration, and managed IT services [15] - CGI's Trade360 platform supports over 50 products in traditional trade, payables, receivables, and cash management, providing a powerful digital experience for clients [9]

About CGI SOURCE CGI Inc. BENGALURU, India, July 17, 2024 /PRNewswire/ - CGI, (TSX: GIB.A) (NYSE: GIB), one of the largest independent IT and business consulting services firms in the world, has received the DASA DevOps Business Value award for its exceptional ability to translate DevOps principles and practices into tangible business value for clients across industry sectors. DASA is the world's largest DevOps and Agile industry body worldwide. DASA noted that CGI's innovative approach to DevOps has signif ...

Latest modernization initiative will enhance security, improve transparency and prepare city for future tech advancements CGI Advantage is a transformational ERP system built on a software-as-a-service (SaaS) platform that enhances the user experience, automates budget processes, and provides ease-of-customization and flexibility for the adoption of new technologies. Featuring a secure design and app-friendly environment, CGI Advantage has proven critical for local governments managing dynamic public sector ...

Building on its success, CGI Group recently announced the successful upgrade of CGI Advantage for the City of Los Angeles, enhancing its cloud-based solution to integrate and streamline the management of financial, procurement and reporting operations. By eliminating 130 customizations and enabling real-time integration with Amazon's (AMZN) cloud computing platform, Amazon Web Services (AWS) and Salesforce, CGI Advantage met all the city's requirements out of the box. The upgrade also included comprehensive ...

This information technology and business process services company has an established record of topping earnings estimates, especially when looking at the previous two reports. The company boasts an average surprise for the past two quarters of 1.84%. Price and EPS Surprise Our research shows that stocks with the combination of a positive Earnings ESP and a Zacks Rank #3 (Hold) or better produce a positive surprise nearly 70% of the time. In other words, if you have 10 stocks with this combination, the numbe ...

"Our ongoing partnership with the City of Los Angeles focuses on people as well as technology," said Joanna Robinson, Senior Vice-President of CGI's U.S. West operations. "CGI is not only an IT provider to the city but also as a change management advisor during their transition to a solution that provides a platform for growth as their requirements grow and evolve over time." About CGI Advantage CGI Advantage is a unified ERP platform featuring a powerful combination of modern technology and builtfor-govern ...

Group 1: Company Expansion and Partnerships - CGI Group (GIB) is expanding its presence in the public sector by securing partnerships to modernize governmental operations, including a recent contract with the State of Colorado for payroll modernization [1][10] - The company has extended its partnership with Nokia to integrate 5G technology into its business services, enhancing digital solutions for real-time operations [6] - CGI renewed its partnership with ExxonMobil to improve payment and loyalty services across Europe and Asia Pacific, supporting over 13,000 fuel retail sites and engaging 10 million active users globally [6] Group 2: Financial Performance and Bookings - In the second quarter of fiscal 2024, GIB reported overall bookings of CAD 3.8 billion, achieving a book-to-bill ratio of 100% for the quarter and 113% on a trailing 12-month basis [3] - Booking ratios were particularly strong in Finland, Poland, and the Baltics at 127%, with Western and Southern Europe at 115%, and the U.K. and Australia at 109% [5] - The global backlog reached CAD 26.8 billion in the reported quarter, indicating strong demand for GIB's services [5] Group 3: Revenue and Earnings Estimates - The Zacks Consensus Estimate for third-quarter fiscal 2024 revenues is projected at $2.69 billion, reflecting a 0.27% year-over-year decline [8] - The consensus estimate for third-quarter earnings is set at $1.40 per share, which has remained unchanged over the past 30 days [8] Group 4: Strategic Focus and Technology - GIB aims to enhance efficiency and user experience for 33,000 state employees through its CGI Advantage ERP platform [9] - The company's focus on innovative solutions includes unified ERP capabilities, enhanced security, and modernized architecture to reduce costs and mitigate risks [4] - CGI's partnership with Amazon Web Services (AWS) will provide a flexible cloud-ready enterprise payments solution to streamline payment procedures for banks [12] Group 5: Market Performance - The stock has declined 5.3% year to date, contrasting with a 29.6% return from the broader Zacks Computer & Technology sector [13]