CGI (NYSE:GIB) Azioni

CGI is a Canada-based IT-services provider with an embedded position in North America and Europe. The company generates more than CAD 14 billion in annual revenue, employs over 90,000 personnel, and operates across 400 offices in 40 countries. CGI offers a broad portfolio of services such as consulting, systems integration, application maintenance, and business process services. Its largest vertical market is government, which contributes more than a third of group revenue.

CGI Inc

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Gibb River Diamonds Ltd

GIBO Holdings Limited - Class A Ordinary Shares

GIBO Holdings Ltd

Gib Cap Group Inc

Agency will enhance financial sustainability and operational efficiency with deployment of CGI Advantage&#xAE; Performance Budgeting&nbsp;&nbsp;
DENVER, May 8, 2025 /PRNewswire/ -- CGI (TSX:<a class="ticker" href="https://www.benzinga.com/stock/GIB#TSX">GIB</a>) (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GIB#NYSE">GIB</a>), one of the&nbsp;world's largest independent technology and professional services companies,&nbsp;today announced the award of a 10-year contract extension with Colorado Parks and Wildlife (CPW). The ongoing partnership underscores CGI's commitment to supporting CPW's mission through advanced performance budgeting and transformed operational solutions.

News

TSX:GIB

CGI Secures 10-Yr Contract Extension With Colorado Parks And Wildlife, Advancing Performance Budgeting And Transformed Operational Solutions

CGI (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GIB#NYSE">GIB</a>) reported quarterly earnings of $1.48 per share which missed the analyst consensus estimate of $1.50 by 1.33 percent. This is a 1.37 percent increase over earnings of $1.46 per share from the same period last year. The company reported quarterly sales of $2.80 billion which missed the analyst consensus estimate of $2.81 billion by 0.28 percent. This is a 0.97 percent increase over sales of $2.77 billion the same period last year.

Earnings

Earnings Misses

CGI Q2 Adj. EPS US$1.48 Misses US$1.50 Estimate, Sales US$2.80B Miss US$2.81B Estimate

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Earnings Scheduled For April 30, 2025

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CGI To Launch VirtualFlightRecorder To Boost Aviation Safety

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MicroCloud Hologram Inc. - Ordinary Shares

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Shares of broader tech companies are trading higher following President Trump's decision to implement a 90-day pause on reciprocal tariffs for all countries except China.

CGI (TSX:<a class="ticker" href="https://www.benzinga.com/stock/GIB#TSX">GIB</a>) (NYSE:&nbsp;GIB), one of the largest independent IT and business consulting services firms in the world, today announced the signature of an exclusivity agreement to acquire Apside, a France-based leading digital and engineering services firm. The agreement was signed with Apside's main shareholders, Siparex and investments companies of Crédit Agricole Group.
Operating for almost 50 years, Apside is recognized for its deep industry knowledge in manufacturing, financial services, insurance and mutual health insurance services and public sector, as well as its broad technology expertise in areas such as data, AI, cloud and cybersecurity. The exclusivity agreement was signed on March 28, 2025. The proposed transaction is subject to regulatory approvals and other customary closing conditions, as well as the prior information and consultation of the relevant employee representative bodies. Subject to receiving all required regulatory approvals and completion of the consultation procedures, the proposed transaction is expected to close in June 2025.
With a significant local presence, Apside serves more than 300 clients worldwide and has operations across 28 offices in six countries. Upon successful closing, more than 2,500 professionals would join CGI, deepening the company's local presence in France as well as in Canada, Portugal, Belgium, Morocco and Switzerland.

CGI to Acquire French Tech Firm Apside, Expanding Global Footprint and AI Services

RBC Capital analyst Paul Treiber reiterates CGI (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GIB#NYSE">GIB</a>) with a Outperform and maintains $192 price target.

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Reiteration

Analyst Ratings

RBC Capital Reiterates Outperform on CGI, Maintains $192 Price Target

CGI Says It Completed Novatec Acquisition, Strengthening Its European Presence In Key Commercial Industry Sectors

The net proceeds from the offering are expected to be approximately US$641.3 million after deducting the initial purchasers' fees and estimated offering expenses. CGI intends to use the net proceeds from the offering to repay existing indebtedness and for general corporate purposes.

Reported Earlier, CGI Prices US$650M Of 5-Year Senior Notes At 4.95%, Targets Debt Reduction, CAD Swap At 3.7125%

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Shares of companies in the broader technology sector are trading lower amid overall market weakness on US consumer and economic concerns.

CGI Achieves Select Partner Program Status From Databricks

<ul>
<li>Partners initiate development unit for Volkswagen Group-wide digitalization projects</li>
<li>Goal is fast and efficient software development for new IT systems at Volkswagen</li>
<li>Board Member at Volkswagen Group for IT, Hauke Stars: "Collaboration is a further step to secure the increasing demand for software development performance in the Volkswagen Group"</li>
</ul>
MONTRÉAL, Quebec and WOLFSBURG, Germany, Feb. 17, 2025 /PRNewswire/ - The Volkswagen Group and CGI (TSX:<a class="ticker" href="https://www.benzinga.com/stock/GIB#TSX">GIB</a>) (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GIB#NYSE">GIB</a>), one of the world's largest business and IT consulting firms, announce the deepening of their global collaboration. This move strengthens the Volkswagen Group's long-term capabilities to further expand a powerful IT infrastructure for the future. As part of their joint efforts, both partners have launched the new entity MARV1N (pronounced "Marvin") which will act as an international development unit for Group-wide digitalization projects and support the developers at Volkswagen. With these additional resources, the Volkswagen Group plans to develop new IT systems faster and more efficiently.
The Volkswagen Group is advancing the modernization of its IT system landscape. By 2026, the company aims to replace hundreds of legacy systems with fewer but more powerful and scalable new developments across the Group. This is expected to enable faster processes and significantly reduce&nbsp;IT-related operating costs. To achieve this goal, Volkswagen Group is strengthening its software development capabilities. This is primarily being done through the consistent expansion of its international subsidiaries and through new cooperation models with selected partners.

Global

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Volkswagen And CGI Announced Deepening Collaboration For Group-Wide Digitalization With New Unit MARV1N For Fast, Efficient IT Development; Aims To Replace Legacy Systems By 2026, Reduce Costs, Enhance Capabilities

UBS analyst Kevin Mcveigh maintains CGI (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GIB#NYSE">GIB</a>) with a Neutral and raises the price target from $118 to $122.

UBS Maintains Neutral on CGI, Raises Price Target to $122

CGI shares are trading higher after RBC Capital raised its price target on the stock from $178 to $192.

RBC Capital analyst Paul Treiber maintains CGI (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GIB#NYSE">GIB</a>) with a Outperform and raises the price target from $178 to $192.

RBC Capital Maintains Outperform on CGI, Raises Price Target to $192

CGI Enters Into An Agreement For The Acquisition Of Novatec, A Leading Digital Services Firm In Germany And Spain

Acquisition will accelerate CGI's UK-wide expansion, deepening the firm's&nbsp;presence across key commercial industry sectors as well as public sector&nbsp;

CGI Signs Agreement To Acquire BJSS, Advancing UK Growth In AI, Cloud, Cybersecurity, And Software Engineering

In line with the comprehensive succession strategies that CGI (TSX:<a class="ticker" href="https://www.benzinga.com/stock/GIB#TSX">GIB</a>) (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GIB#NYSE">GIB</a>) established several years ago, Julie Godin is appointed Executive Chair of the Board of Directors, effective following today's Annual General Meeting of Shareholders. In conjunction with Ms. Godin's appointment, CGI Founder Serge Godin will assume the role of Board Co-Chair and continue to focus on transformational acquisitions for CGI and on large-scale engagements with clients.

Management

CGI Names Julie Godin as Executive Chair, Founder Serge Godin Became Board Co-Chair

Earnings Beats

CGI Q1 2025 Adj. EPS C$1.97, Inline, Sales C$3.785B Beat C$3.773B Estimate

Comments

CGI

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