Core Viewpoint - CGI Federal Inc. has been awarded a blanket purchase agreement valued at US $100 million to provide technology solutions to the EPA's Office of Research and Development, focusing on modernization initiatives and financial management applications [1][2]. Group 1: Company Overview - CGI Federal Inc. is a wholly-owned U.S. subsidiary of CGI Inc., which is one of the largest independent IT and business consulting services firms globally, founded in 1976 [7]. - CGI Inc. reported a fiscal 2023 revenue of CA$14.30 billion and operates with a workforce of 90,000 consultants and professionals worldwide [7]. Group 2: Contract Details - The awarded blanket purchase agreement (BPA) is part of the Scientific Modeling, Application, Visualization, Computational Science, Software, and Statistical Support (SMAVCS4) initiative, which includes multiple awardees [1]. - CGI's role involves supporting the EPA in critical data collection, sharing, and publication, as well as operational support for financial and asset management [2]. Group 3: Strategic Importance - The partnership with the EPA is crucial for advancing research programs that address pressing environmental health needs, enabling informed regulatory decisions [7]. - CGI's experience in technology priorities aligns with the EPA's mission to understand environmental factors effectively [7].

Stock Market Symbols GIB.A (TSX) GIB (NYSE) cgi.com/newsroom MONTRÉAL, July 24, 2024 /PRNewswire/ - CGI (TSX: GIB.A) (NYSE: GIB) will release results for its third quarter fiscal year 2024, ended June 30, 2024, on Wednesday, July 31, 2024 before the markets open. Management will host a conference call to discuss results and answer questions at 9:00 a.m. (EDT). SOURCE CGI Inc. | --- | --- | |------------------|--------------------------------------------------------------------------------------------------- ...

Core Insights - CGI has been recognized as a Major Player in the IDC MarketScape: Worldwide Business Consulting Services 2024 Vendor Assessment, highlighting its strong position in the consulting industry [1][8] - The company's consulting approach emphasizes putting people first, enabling consultants to drive meaningful and sustainable success for clients [2][5] - CGI's consultants focus on delivering value in critical areas such as business strategy, organization and change management, core operations, and technology, addressing C-level priorities [2][5] Company Overview - Founded in 1976, CGI is one of the largest independent IT and business consulting firms globally, with a workforce of 90,000 professionals [4] - The company reported a revenue of CA$14.30 billion for Fiscal 2023, showcasing its significant market presence [4] - CGI operates through a local relationship model supported by a global delivery network, facilitating digital transformation for clients [4] Consulting Approach - CGI's consulting model is characterized by responsiveness to client feedback and leveraging technology, digital platforms, and AI to enhance client outcomes [2][5] - The firm is recognized for its ability to bridge strategy and execution, helping clients navigate complexities and achieve business objectives [5] IDC MarketScape Assessment - The IDC MarketScape assessment provides a comprehensive overview of the competitive landscape for technology and service suppliers, utilizing a rigorous scoring methodology [3] - This framework allows for meaningful comparisons of suppliers' product and service offerings, capabilities, and market success factors [3]

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]

Core Insights - CGI Group has successfully upgraded CGI Advantage for the City of Los Angeles, enhancing its cloud-based solution for financial, procurement, and reporting operations [1] - The upgrade eliminated 130 customizations and enabled real-time integration with Amazon Web Services (AWS) and Salesforce, benefiting 7,300 vendors and digitizing the eProcurement system [2] - CGI Group has been selected by the State of Colorado to modernize payroll operations for 33,000 state employees, highlighting its commitment to advanced ERP solutions in the public sector [3] Company Developments - CGI Group extended its partnership with Nokia to integrate 5G private wireless networking technology, enhancing digital solutions for real-time operations [4] - The company reported a global backlog of CAD 26.8 billion, with strong booking ratios in Finland, Poland, and the Baltics at 127% [5][10] - CGI Group's partnerships with major companies like Alphabet, Microsoft, and Amazon have been key growth catalysts [9] Financial Performance - In the second quarter of fiscal 2024, CGI Group reported overall bookings of CAD 3.8 billion, achieving a book-to-bill ratio of 100% [10] - The Zacks Consensus Estimate for third-quarter fiscal 2024 revenues is $2.69 billion, indicating a 0.27% year-over-year decline, with earnings estimated at $1.40 per share [16] Market Position - CGI Group is expanding its footprint in the public sector, securing partnerships to modernize governmental operations [6] - The company is benefiting from strong demand for its business solutions, with CGI Advantage selected by various public sector organizations including the FBI and the City and County of Honolulu [15]

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 ...

Company Overview - CGI is one of the largest independent IT and business consulting services firms globally, founded in 1976, with 90,000 consultants and professionals [2] - The company reported fiscal 2023 revenue of $14.30 billion and is listed on the TSX (GIB.A) and NYSE (GIB) [2] Partnership with the City of Los Angeles - CGI has a long-standing partnership with the City of Los Angeles, focusing on both technology and change management during the city's transition to CGI Advantage [1][4] - The successful upgrade of CGI Advantage has integrated and streamlined the management of financial, procurement, and reporting operations for the city [4] CGI Advantage Features - CGI Advantage is a cloud-based ERP platform designed specifically for government needs, enhancing financial management, human resources, and business intelligence operations [1][4] - The platform allows for flexibility in introducing new features and implementing business rules without costly upgrades, ultimately saving taxpayer dollars [5] Implementation and User Experience - The latest version of CGI Advantage was delivered on time and on budget, featuring a user-friendly interface that increases processing speed and ensures compliance [5] - The system eliminated 130 customizations by meeting all city requirements out of the box and reduced reliance on manual processing through real-time integration with AWS and Salesforce [5][6] Vendor and Procurement Management - The modernization includes an online vendor self-service platform for 7,300 vendors to manage their accounts, invoices, and bidding opportunities [6] - The eProcurement system digitizes purchasing processes, creating a user experience similar to consumer shopping sites [6] Change Management and Training - CGI and the City of Los Angeles developed a comprehensive suite of eLearning videos and provided in-person training to support users during the transition to the new platform [7]

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]

Core Insights - CGI Federal Inc. has announced that its Sunflower asset management platform is now available on the U.S. Department of Treasury's shared services marketplace, enhancing its position as a trusted partner for federal agencies [5][6] - Sunflower is designed to improve asset management for federal agencies, supporting accountability for millions of assets across more than 75 agencies, and promoting compliance and streamlined financial reporting [3][6] - CGI Inc. reported a fiscal 2023 revenue of CA$14.30 billion, highlighting its significant scale and capabilities in IT and business consulting services [2] Company Overview - CGI Federal Inc. is a wholly owned U.S. subsidiary of CGI Inc., which is one of the largest independent IT and business consulting firms globally, with 90,000 professionals [2] - The company focuses on providing solutions across various sectors, including defense, healthcare, and international affairs, leveraging a local relationship model supported by a global delivery network [2] Product Details - Sunflower is a cloud-based, software-as-a-service (SaaS) solution that enhances financial asset information management and integrates with approved Core Financial Management systems [6] - The solution has received FedRAMP authorization, certifying it for use across federal agencies, and is part of CGI's Momentum® Enterprise Suite, which also gained FM QSMO approval in 2023 [6]

Core Insights - CGI has been selected as a technology partner for the FBI, highlighting its capabilities in IT modernization and contributing to the FBI's goals of cost reduction and project success [1][9] - CGI Advantage, an ERP solution, has been successfully launched in Honolulu, integrating financial, personnel, and performance data, automating budget processes, and requiring significant technological upgrades [2][10] - CGI's engagement with Los Angeles County to modernize core systems represents a significant milestone, focusing on upgrading financial, budget, inventory, payroll, and human resources systems [3][12] Financial Performance - In Q2 2024, CGI's revenues increased by 0.7% year over year to CAD 3.7 billion, with government business revenues rising by 5.7% on a constant currency basis [4] - Overall bookings for the reported quarter were CAD 3.8 billion, achieving a book-to-bill ratio of 100% and 113% on a trailing 12-month basis, with a global backlog reaching CAD 26.8 billion [15] Strategic Partnerships - CGI's expanding customer base includes significant partnerships with the FBI and the City and County of Honolulu, aimed at modernizing governmental operations [8] - The collaboration with Los Angeles County will empower its workforce, enable data-driven decision-making, and support extensive operations, including payroll for over 110,000 employees and managing over $12 billion in disbursements [12] Market Position - CGI's strong partner base, including major companies like Alphabet, Microsoft, and Amazon, is expected to drive top-line growth [11] - Despite these advancements, CGI's shares have declined by 6.5% year to date, underperforming the broader Zacks Computer & Technology sector, which has returned 25.3% [13]