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CGI Inc. (NYSE:GIB) Faces Analyst Downgrade Amid New Government Contract
Financial Modeling Prep· 2025-12-15 06:00
CGI Inc. (NYSE:GIB) is a prominent player in the technology and professional services sector. The company specializes in providing a wide range of IT and business consulting services. CGI's offerings include systems integration, outsourcing, and managed services, catering to various industries. The company competes with other major firms like Accenture and IBM in the global market.On December 14, 2025, CIBC downgraded CGI's stock from "Outperform" to "Neutral," as reported by TheFly. This downgrade came whe ...
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]