Group 1 - CGI Inc. is considered one of the most undervalued Canadian stocks by hedge funds, with Canaccord lowering its price target to C$150 from C$155 while maintaining a Buy rating [1] - TD Securities has transferred coverage of CGI to analyst David Kwan, who maintains a Buy rating with a price target of C$145, highlighting CGI's potential for organic growth and margin improvements [2] - Scotiabank analyst Kevin Krishnaratne has initiated coverage of CGI with a Sector Perform rating and a price target of C$140, citing concerns over the company's exposure to discretionary IT spending and ongoing soft sales trends [4] Group 2 - CGI Inc. provides IT and business process services across various regions, including Western & Southern Europe, the US, Canada, and Asia Pacific [5]

Financial Performance - Suncor reported adjusted operating earnings of $1.33 billion, or $1.10 per share, a decrease from $1.57 billion, or $1.25 per share in the prior-year quarter [1] - ATS Corp. achieved a net income of $30.0 million, up from $6.5 million a year ago, with revenue increasing nearly 17% [4] - CGI Inc. reported a first-quarter profit of $442.0 million, slightly up from $438.6 million a year earlier, with revenue rising nearly 8% to $4.08 billion [8] - Thomson Reuters reported a fourth-quarter profit of $332 million, down from $587 million a year earlier, with revenue totaling $2.01 billion, up from $1.91 billion [11][13] - BCE Inc. reported a fourth-quarter profit attributable to common shareholders of $594 million, compared to $461 million a year earlier, with profit per share increasing from 51 cents to 64 cents [14] Adjusted Earnings - ATS reported adjusted earnings of 48 cents per share, up from 32 cents per share a year earlier [5] - CGI's adjusted earnings were $2.12 per diluted share, an increase from $1.97 per diluted share a year ago [8] - Thomson Reuters reported adjusted earnings of $1.07 per share, up from $1.01 per share a year earlier [13] Revenue Growth - Suncor's operating revenues were $12.04 billion, down from $12.53 billion [2] - ATS's revenue for the quarter totaled $760.7 million, up from $652.0 million [5] - CGI's revenue increased to $4.08 billion from $3.79 billion [8] - Thomson Reuters' revenue rose to $2.01 billion from $1.91 billion [13] Strategic Developments - CGI announced a collaboration deal with OpenAI to expand the use of artificial intelligence across its business [9]

Group 1: Rogers Communications - The company reported a profit attributable to shareholders of $743 million or $1.37 per diluted share for the quarter ended Dec. 31, an increase from $558 million or $1.02 per diluted share in the same quarter of the previous year [1] - Revenue totaled $6.17 billion, up from $5.48 billion in the same quarter a year earlier, driven by a significant increase in media revenue, which rose to $1.24 billion from $547 million [2] - Wireless revenue for the quarter was $2.97 billion, slightly down from $2.98 billion a year earlier, while cable revenue remained stable at $1.98 billion [2] Group 2: Canadian Pacific Kansas City (CPKC) - CPKC reported a 10% decline in net income to $1.08 billion for the quarter ended Dec. 31, down from $1.20 billion in the same period a year earlier [3][7] - Fourth-quarter revenues rose 1% to $3.92 billion from $3.87 billion, supported by a 3% increase in grain and container revenue [4] - For the full year, CPKC's net income increased by 11% to $4.14 billion, with revenues climbing almost 4% to $15.08 billion [4] Group 3: CGI Inc. - CGI reported a first-quarter profit of $442 million, up from $438.6 million a year earlier, with revenue rising nearly 8% to $4.08 billion from $3.79 billion [9][10] - The profit per diluted share for the quarter was $2.03, an increase from $1.92 per diluted share a year earlier [9] - CGI announced a collaboration deal with OpenAI to expand the use of artificial intelligence across its business and assist clients in adopting it [10] Group 4: Cascades Inc. - Cascades has agreed to sell a packaging plant to Crown Paper Group for $65.5 million, including real estate assets, with the transaction expected to close soon [14] - The CEO stated that the sale is part of the company's commitment to improve profitability and optimize operations [15] - This transaction follows another deal where Cascades sold a flexible packaging plant to Five Star Holding for $31 million [15]

Group 1 - The Annual General Meeting of Shareholders for CGI is being conducted in both French and English, with simultaneous interpretation available [1] - Shareholders and duly appointed proxy holders have the opportunity to ask questions and vote during the meeting [1] - Only individuals listed in the shareholder register as of December 1, 2025, are entitled to vote at the meeting [2]

Core Insights - CGI Group reported strong first-quarter fiscal 2026 results, with increased revenue, a book-to-bill ratio above 1.0, and record operating cash flow despite challenges from a U.S. federal government shutdown and a one-time cost in India [1] Financial Results and Regional Performance - CGI achieved CAD 4.1 billion in revenue, reflecting a year-over-year increase of 7.7%, or 3.4% when excluding foreign exchange impacts, driven by acquisitions and demand from the APAC delivery center, which grew by 5.8% [2] - U.S. operations were impacted by a federal shutdown, but management anticipates sequential improvement in the next quarter, describing the U.S. federal segment as operating in a "very dynamic environment" [2] Bookings, Backlog, and Mix - Quarterly bookings reached CAD 4.5 billion, resulting in a book-to-bill ratio of 110%, with managed services leading at 117% and systems integration and consulting at 100% [3] - Excluding U.S. federal bookings, the combined book-to-bill ratio was 118% [3] Trailing 12-Month Performance - On a trailing 12-month basis, CGI's total book-to-bill ratio stood at 110%, with North America at 122% and Europe at 101%, while the contracted backlog reached CAD 31.3 billion, equating to 1.9 times revenue [4] Regional Growth Highlights - The UK and Australia experienced a growth of 31%, attributed to the transformative acquisition of BJSS [5] - Western and Southern Europe saw a growth of 9%, driven by the acquisition of Apside, which includes engineering services [5] - U.S. commercial and state government bookings were at 169%, while Finland, Poland, and the Baltics recorded 124%, and Scandinavia, Northwest, and Central East Europe achieved 113% [6] Overall Bookings Performance - Quarterly bookings increased by over CAD 300 million year over year, with just over half from new awards and add-ons, and a win rate on renewals exceeding 95% [7] - Total bookings on a trailing 12-month basis rose by 12% to nearly CAD 18 billion, with managed services bookings increasing by 16% [7]

Group 1 - SoftBank Group is negotiating a potential investment of up to $30 billion in OpenAI, contributing to a larger funding round aiming to raise as much as $100 billion, which could bring OpenAI's valuation to approximately $830 billion [1][2] - SoftBank's CEO Masayoshi Son previously led a $41 billion investment in OpenAI in December, securing an 11% equity stake, as the company faces increased operational costs amid growing competition from Google [2] - Both SoftBank and OpenAI are stakeholders in the Stargate initiative, projected to cost $500 billion for constructing data centers for AI training and inference, significant for US technological leadership over China in AI [3] Group 2 - SoftBank's shares rose by 3.5% during morning trading in Tokyo following reports of the ongoing negotiations regarding the investment in OpenAI [3] - CGI announced a global partnership with OpenAI to assist clients in implementing advanced AI capabilities, integrating OpenAI's tools into its operations and training programs [4][5] - CGI plans to expand its use of ChatGPT Enterprise across its workforce as part of its strategy to prepare client organizations for adopting AI technologies within regulated environments [5]

分组1 - CACI International reported quarterly earnings of $6.81 per share, exceeding the Zacks Consensus Estimate of $6.41 per share, and up from $5.95 per share a year ago, representing an earnings surprise of +6.26% [1] - The company posted revenues of $2.22 billion for the quarter ended December 2025, which was 2.15% below the Zacks Consensus Estimate, but an increase from $2.1 billion year-over-year [2] - CACI International has outperformed the S&P 500, with shares increasing by about 18.1% since the beginning of the year, while the S&P 500 has declined by 0.7% [3] 分组2 - The current consensus EPS estimate for the upcoming quarter is $7.10 on revenues of $2.33 billion, and for the current fiscal year, it is $28.04 on revenues of $9.36 billion [7] - The Zacks Industry Rank indicates that the Computer - Services industry is in the top 41% of over 250 Zacks industries, suggesting that companies in the top 50% outperform those in the bottom 50% by more than 2 to 1 [8] - CACI International currently holds a Zacks Rank 4 (Sell), indicating expectations of underperformance in the near future due to unfavorable estimate revisions prior to the earnings release [6]

Core Insights - CGI has expanded its partnership with Google Cloud to promote the adoption of Gemini Enterprise, an AI platform tailored for enterprise applications [1] - The multi-year agreement includes providing access to Gemini Enterprise for tens of thousands of CGI consultants and experts, along with joint investments in marketing initiatives and training programs [1] Group 1: Gemini Enterprise Features - Gemini Enterprise enables organizations to develop, deploy, and manage AI agents on a unified platform, integrating with various business applications and productivity tools [2] - The platform utilizes Google's advanced Gemini models and features a no-code workbench for users in marketing and finance to automate processes and analyze data [2][3] - It operates on Google's cloud infrastructure, ensuring centralized governance for security management and auditing, and is compatible with tools like Microsoft 365, Salesforce, and SAP [5] Group 2: Client Applications and Benefits - Existing users of Gemini Enterprise span sectors such as banking, retail, telecommunications, and legal services, reporting automation in analytics tasks and enhancements in contract analysis [4] - The platform's multimodal capabilities allow it to process text, images, video, and speech, facilitating workflow automation across various business functions [5] Group 3: CGI's Strategic Approach - CGI collaborates with over 150 technology partners globally, offering clients flexible technology solutions that cater to diverse operational needs, including digital sovereignty considerations [6] - The partnership aims to foster joint innovation and enhance agentic enablement among CGI staff and clients [3]

Group 1 - CACI International's shares increased by 3.8% to close at $584.09, following a period of 5.6% loss over the past four weeks, indicating a significant volume of trading activity [1] - The stock's recent optimism is linked to growth driven by national security spending, demand for Counter-UAS and electronic warfare, network and digital modernization, strong backlog visibility, and expanding NATO opportunities [2] - CACI is expected to report quarterly earnings of $6.47 per share, reflecting an 8.7% year-over-year increase, with revenues projected at $2.28 billion, up 8.6% from the previous year [3] Group 2 - The consensus EPS estimate for CACI has remained unchanged over the last 30 days, suggesting that stock price movements may not sustain without trends in earnings estimate revisions [4] - CACI currently holds a Zacks Rank of 3 (Hold), indicating a neutral outlook compared to other stocks in the same industry [5] - In the same industry, CGI Group's stock also saw a 2.6% increase, with a consensus EPS estimate unchanged at $1.57, representing an 11.4% year-over-year change [6]

Core Insights - Innodata Inc. (INOD) is strategically evolving by expanding into pretraining data, which could significantly reshape its growth profile and competitive positioning [1] - The company has invested approximately $1.3 million in pretraining capabilities and has secured contracts worth about $42 million, with an additional $26 million expected soon [2][8] - The shift to pretraining data aligns INOD closer to the core R&D priorities of frontier model builders, enhancing long-term partnerships and increasing switching costs [3] Financial Performance - Innodata's pretraining programs are in early ramp stages, with most revenue anticipated to materialize in 2026, indicating a potential long-term growth driver [2][5] - The company's shares have increased by 2.5% over the past six months, outperforming the industry average growth of 1.5% [6] Valuation Metrics - INOD currently trades at a forward price-to-earnings ratio of 43.7, significantly higher than the industry average of 17.03, and compared to CACI International and CGI's P/E ratios of 18.31 and 14.22, respectively [9] - The Zacks Consensus Estimate for INOD's earnings per share has risen to 89 cents for 2025 and $1.20 for 2026, reflecting positive earnings revisions [12]