CGI Transcend
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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 awarded Texas Department of Information Resources Cooperative Contract for software and related services
Prnewswire· 2025-12-11 13:00
Core Insights - CGI has been awarded a contract by the Texas Department of Information Resources (DIR) to provide commercial off-the-shelf (COTS) software and related services to state and local governments [1][2]. Group 1: Contract Details - The contract enables CGI to offer several market-leading solutions aimed at advancing digital transformation, data integration, and citizen engagement in the public sector [2]. - CGI Advantage, a SaaS ERP solution, supports key government operations such as finance, human resources, budgeting, and procurement [2]. - CGI Transcend™, a SaaS case management solution, is designed for health and human services agencies, enhancing service delivery and data-driven decision-making [2]. - The contract is effective immediately, allowing eligible public sector organizations in Texas to purchase CGI's software and services directly [3]. Group 2: Company Background - CGI, founded in 1976, is one of the largest independent technology and professional services firms globally, with 94,000 consultants and professionals [4]. - The company reported fiscal 2025 revenue of CA$15.91 billion, with shares listed on the TSX and NYSE [4]. Group 3: DIR Overview - The Texas Department of Information Resources (DIR) aims to lead the state's technology strategy and provide innovative solutions for all levels of government [5].
CGI advances in Partner Status with Snowflake, ServiceNow, and UiPath, accelerating client outcomes in AI, data and business automation
Prnewswire· 2025-11-04 11:30
Core Insights - CGI has achieved Elite Partner status with Snowflake and ServiceNow, and Diamond Partner status with UiPath, highlighting its strong position in the technology consulting sector [1][2][3] Group 1: Partnership Achievements - CGI's Elite Partner status with Snowflake and ServiceNow reflects its extensive certified expertise and successful delivery of industry-focused outcomes globally [2][3] - As a Diamond Partner with UiPath, CGI has demonstrated outstanding proficiency in delivering end-to-end business automation solutions [3] Group 2: Strategic Focus - CGI's Global Alliances strategy combines deep industry knowledge with leading technologies to help clients embrace emerging technologies like Generative and Agentic AI [2][3] - The company maintains relationships with over 150 technology firms, allowing it to select the best technology solutions tailored to client needs [2][3] Group 3: Company Overview - Founded in 1976, CGI is one of the largest independent IT and business consulting services firms, with 93,000 professionals globally [4] - CGI reported revenue of CA$14.68 billion for Fiscal 2024, indicating strong financial performance [4]