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CGI Inc. (GIB) Lands $64 Million Contract To Modernize EPA’s Financial Management Platform
Yahoo Finance· 2026-02-27 02:43
Group 1 - CGI Inc. is recognized as one of the 10 Best Magic Formula Stocks for 2026, highlighting its strong market position [1] - The company secured a $64 million contract from the U.S. Environmental Protection Agency (EPA) to modernize its financial management platform, Compass, which is a five-and-a-half-year agreement [1][2] - The contract aims to enhance the implementation of CGI's Momentum Enterprise Suite by utilizing AI and other capabilities to improve automation and software consolidation [2] Group 2 - For the first quarter of fiscal 2026, CGI reported a revenue increase of 7.7% year-over-year, reaching $4.08 billion, driven by acquisitions and demand for its APAC delivery center [3] - The adjusted diluted EPS for the same period was $2.12, reflecting a 7.6% improvement from the previous year [3] - Wall Street analysts have a positive outlook on CGI's stock, assigning a Strong Buy rating with an average price upside potential of 53.4% as of February 23 [4]