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CGI files 2025 Annual Disclosure Documents
Prnewswire· 2025-12-17 22:47
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].
CGI Inc. (NYSE:GIB) Faces Analyst Downgrade Amid New Government Contract
Financial Modeling Prep· 2025-12-15 06:00
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].
CGI to deliver secure mobile communications solution for NATO
Prnewswire· 2025-12-10 11:30
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]
San Diego County modernizes budgeting with cloud-based CGI Advantage®
Prnewswire· 2025-12-09 13:00
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]
CGI positioned as a Leader in the IDC MarketScape for Worldwide AI Services for State and Local Government 2025
Prnewswire· 2025-11-03 11:30
Core Insights - CGI Inc. has been recognized as a Leader in the IDC MarketScape for Worldwide AI Services for State and Local Government 2025 Vendor Assessment, highlighting its strong position in the AI services market for public sector clients [1][2][6]. Group 1: Company Positioning and Strategy - CGI is embedding AI directly into its platforms rather than retrofitting it later, emphasizing responsible AI governance with human oversight and compliance with regulatory standards [1][4]. - The company focuses on enhancing decision-making and improving citizen outcomes through AI, aiming to build greater trust in digital government [2][3]. - CGI's integrated AI approach combines responsible governance, embedded intelligence, and outcome-driven delivery to modernize government operations [3][5]. Group 2: Key Strengths Identified by IDC - CGI has nearly five decades of experience in the public sector, with over 500 ERP implementations and dedicated solutions for fund accounting and human services [5]. - The company’s Responsible AI framework includes human-in-the-loop oversight and transparent governance dashboards, ensuring compliance and security [5]. - CGI maintains a distributed presence across over 80 U.S. locations, providing localized support while leveraging global scale [6]. Group 3: Market Context and Demand - The IDC MarketScape report indicates that state and local governments are seeking AI solutions to improve efficiency, compliance, and citizen services [4][6]. - CGI's solutions are FedRAMP High and GovRAMP-certified, aligning with public sector regulations and addressing security and compliance concerns [4][5]. - The assessment evaluated 18 worldwide AI services providers, focusing on their capabilities in designing, implementing, and operating AI platforms for state and local governments [6].
CGI to release fourth quarter and fiscal 2025 results on November 5
Prnewswire· 2025-10-29 10:30
Core Insights - CGI will release its fourth quarter and fiscal year 2025 results on November 5, 2025, before market opening [1][2] - A conference call will be held at 9:00 a.m. (EDT) to discuss the results and answer questions [2] Company Overview - Founded in 1976, CGI is one of the largest independent IT and business consulting services firms globally [2] - The company has 93,000 consultants and professionals worldwide, offering a comprehensive portfolio of services [2] - CGI reported revenue of CA$14.68 billion for fiscal 2024 [2]
CGI partners with Barclays to integrate multi-bank trade finance platform
Prnewswire· 2025-09-29 10:30
Core Insights - CGI has partnered with Barclays to integrate CGI Trade360 with Komgo's Konsole, enhancing trade finance solutions for corporate clients [1][2][3] - The collaboration aims to provide increased transparency, faster transaction speeds, and reduced manual entry and operating risks [1][4] - This integration represents a significant advancement in Barclays' digital trade finance strategy, offering fully automated workflows for corporate clients [3][5] Company Overview - CGI is one of the largest independent IT and business consulting firms globally, with 93,000 professionals and a reported revenue of CA$14.68 billion for fiscal 2024 [7] - Barclays is a diversified bank with a strong presence in consumer, corporate, and investment banking, aiming to lead in global finance [8] - Komgo specializes in transforming the trade finance industry through innovative software solutions, serving over 10,000 enterprise users worldwide [9][10] Industry Impact - The partnership between CGI and Barclays is expected to set a new standard in trade finance digitization, meeting the demands of multinational corporations for real-time, digital-first solutions [4][5] - The integration of CGI Trade360 with Komgo's multi-bank network is designed to streamline trade finance workflows, enhancing operational efficiency for banks and corporates [5][6]
CGI completes acquisition of Apside, a France-based digital and engineering services leader
Prnewswire· 2025-08-28 12:11
Core Insights - CGI has completed the acquisition of Apside, enhancing its capabilities in digital and engineering services [1][2] - The acquisition strengthens CGI's presence in France and other European countries, particularly in manufacturing and financial services [2][4] - Over 2,500 professionals, including nearly 2,200 in France, have joined CGI through this acquisition [3] Company Overview - CGI is one of the largest independent IT and business consulting services firms globally, founded in 1976 [5] - The company has 93,000 consultants and professionals worldwide, offering a comprehensive portfolio of services [5] - CGI reported fiscal 2024 revenue of CA$14.68 billion, with shares listed on TSX and NYSE [5]
/R E P E A T -- CGI and Kesko enter strategic partnership to accelerate digital transformation/
Prnewswire· 2025-08-20 10:30
Group 1 - CGI and Kesko have entered a strategic partnership to enhance digital transformation in the retail sector, covering a range of IT services including end-user services and cloud solutions [1][2] - Kesko aims to be a leader in digital services within the retail industry, focusing on automation and AI-based solutions to improve productivity and business renewal [2][3] - The partnership reflects a trend in the IT sector where companies like Kesko are forming close collaborations with partners to achieve shared business development goals [3] Group 2 - CGI leverages AI and data-driven strategies to enhance profitability for retail and consumer organizations by improving customer experiences and optimizing supply chain operations [4] - CGI reported a revenue of CA$14.68 billion for Fiscal 2024, highlighting its significant presence in the IT and business consulting market [4]
CGI and Kesko enter strategic partnership to accelerate digital transformation
Prnewswire· 2025-08-20 06:30
Group 1 - CGI and Kesko have entered a strategic partnership to enhance digital transformation in the retail sector, covering a range of IT services including end-user services and cloud solutions [1][2] - Kesko aims to be a leader in digital services within the retail industry, focusing on automation and AI-based solutions to improve productivity and business renewal [2][3] - The partnership reflects a trend in the IT sector where companies like Kesko are forming close collaborations with partners to share goals and risks in business development [3] Group 2 - CGI leverages AI and data-driven strategies to enhance profitability for retail and consumer organizations by improving customer experiences and optimizing supply chain operations [4] - CGI reported a revenue of CA$14.68 billion for Fiscal 2024, highlighting its significant presence in the IT and business consulting market [4]