CGI Inc., together with its subsidiaries, provides information technology (IT) and business process services in Canada; Western, Southern, Central, and Eastern Europe; Australia; Scandinavia; Finland, Poland, and Baltics; the United States; the United Kingdom; and the Asia Pacific. Its services include the management of IT and business outsourcing, systems integration and consulting, and software solutions selling activities. The company also offers application development and integration and maintenance, testing, portfolio management, and modernization services; business consulting; and a suite of business process services designed to address the needs of specific industries, as well as IT infrastructure services. It serves clients operating in government, financial services, health, utility, communication, oil and gas, manufacturing, insurance, retail and consumer service, transportation, and post and logistics sectors. The company was formerly known as CGI Group Inc. and changed its name to CGI Inc. in January 2019. CGI Inc. was founded in 1976 and is headquartered in Montreal, Canada.
IPO Year:
Exchange: NYSE
Website: cgi.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 10/15/2024 | Neutral → Sector Outperform | CIBC | |
| 7/19/2024 | $112.00 | Neutral | UBS |
| 7/2/2024 | $120.00 | Buy | Jefferies |
| 6/21/2024 | Sector Outperform → Neutral | CIBC | |
| 5/2/2024 | Hold → Buy | TD Securities | |
| 11/14/2022 | Buy → Hold | Societe Generale | |
| 9/16/2022 | Sector Outperform | Scotiabank | |
| 1/10/2022 | Sell | Goldman Sachs | |
| 1/10/2022 | $85.44 | Sell | Goldman |
| 12/3/2021 | Buy | Stifel |
Stock Market SymbolsGIB.A (TSX)GIB (NYSE)cgi.com/newsroom Acquisition deepens CGI's data and business intelligence capabilities MONTRÉAL, March 25, 2025 /PRNewswire/ - CGI (TSX:GIB) (NYSE:GIB), one of the largest independent IT and business consulting services firms in the world, today announced the acquisition of Momentum Technologies, a Québec City based IT consulting services company, specializing in data analytics and business intelligence. More than 250 highly skilled consultants and professionals will join CGI, deepening the company's local presence and capacity to serve clients across the public sector and several commercial industries such as health and insurance. "On behalf of CG
Stock Market SymbolsGIB.A (TSX)GIB (NYSE)cgi.com/newsroom MONTRÉAL, March 12, 2025 /PRNewswire/ - CGI (TSX:GIB) (NYSE:GIB) announced today that it has priced an offering of senior unsecured notes. CGI will issue US$650 million in aggregate principal amount of 5-year senior unsecured notes, which will bear interest at the rate of 4.95% per annum (treasury rate plus 100 basis points). Concurrently with the offering, CGI expects to enter into a currency swap agreement to reduce the Canadian dollar equivalent cost of borrowing of the notes to 3.7125% per annum. The offering is expected to close on or about March 14, 2025, subject to customary closing conditions. The net proceeds from the offeri
Stock Market Symbols GIB.A (TSX)GIB (NYSE) cgi.com/newsroom Revenue up 5.1% with cash generation of $646 million or 17.1% of revenue1 Q1-F2025 performance highlights Revenue of $3.79 billion, up 5.1% year-over-year or 2.7% year-over-year in constant currency1;Earnings before income taxes of $591.7 million, up 12.3% year-over-year, for a margin1 of 15.6%;Adjusted earnings before interest and taxes1 of $611.7 million, up 4.7% year-over-year, for a margin1 of 16.2%;Net earnings of $438.6 million, up 12.5% year-over-year, for a margin1 of 11.6%;Adjusted net earnings1,2 of $449.0 million, up 5.1% year-over-year, for a margin1 of 11.9%;Diluted EPS of $1.92, up 15.0% year-over-year;Adjusted diluted
Stock Market SymbolsGIB.A (TSX)GIB (NYSE)cgi.com/newsroom MONTRÉAL, Jan. 29, 2025 /PRNewswire/ - CGI (TSX:GIB) (NYSE:GIB) announced today that its Board of Directors has authorized the renewal of its Normal Course Issuer Bid ("NCIB"), subject to approval by the Toronto Stock Exchange (the "TSX").CGI's management and Board of Directors believe that the purchase for cancellation of the Company's Class A subordinate voting shares ("Class A Shares") is a proper use of funds, and the NCIB will provide the flexibility to purchase Class A Shares from time to time as the Company considers it advisable, as part of its efforts to increase shareholder value. At the close of business on January 23, 2025
Stock Market SymbolsGIB.A (TSX)GIB (NYSE)cgi.com/newsroom MONTRÉAL, Jan. 22, 2025 /PRNewswire/ - CGI (TSX:GIB) (NYSE:GIB) will host its Annual General Meeting of Shareholders (the "Meeting") and release its Fiscal 2025 first quarter results on Wednesday, January 29, 2025. The Meeting will be held at 11:00 a.m. (EST) via live webcast at https://www.icastpro.ca/q0jsqn (Password: CGI2024). Shareholders will have the opportunity to participate in real time and vote at the Meeting online in the manner set forth in CGI's Management Proxy Circular, through a web-based platform, regardless of their geographic location. Only CGI shareholders of record at the close of business on Monday, December 2,
Stock Market SymbolsGIB.A (TSX)GIB (NYSE)cgi.com/newsroom Fourth quarter revenue up 4.4% and diluted earnings per share (EPS) up 8.5% Q4-F2024 performance highlights Revenue of $3.66 billion, up 4.4% year-over-year or 2.0% year-over-year in constant currency1;Earnings before income taxes of $592.4 million, up 6.2% year-over-year, for a margin1 of 16.2%;Adjusted EBIT1 of $600.2 million, up 4.7% year-over-year, for a margin1 of 16.4%;Net earnings of $435.9 million, up 5.2% year-over-year, for a margin1 of 11.9%;Net earnings excluding specific items1,2 of $439.1 million, up 4.2% year-over-ye
Stock Market SymbolsGIB.A (TSX)GIB (NYSE)cgi.com/newsroom MONTRÉAL, Oct. 30, 2024 /PRNewswire/ - CGI (TSX:GIB) (NYSE:GIB) will release results for its fourth quarter and fiscal year 2024, ended September 30, 2024, on Wednesday, November 6, 2024 before the markets open. Management will host a conference call to discuss results and answer questions at 9:00 a.m. (EST). Who: François Boulanger, President and Chief Executive Officer Steve Perron, Executive Vice-President and Chief Financial Officer What: Fourth Quarter and Fiscal Year 2024 Results When: Wednesday, November 6, 2024 at 9:00 a.m. (EST) Conference Call: 1- 800-717-1738 Conference ID: 25981. Interested parties may
Stock Market SymbolsGIB (NYSE)GIB.A (TSX)cgi.com/newsroom FAIRFAX, Va., Sept. 13, 2024 /PRNewswire/ - CGI Federal Inc. (CGI), a wholly-owned U.S. operating subsidiary of CGI Inc. (NYSE:GIB) (TSX:GIB), has completed the previously announced acquisition of Aeyon, a leader in digital transformation and Artificial Intelligence (AI) technologies, including data management, analytics and intelligent automation for the U.S. Federal Government. The acquisition complements and expands CGI's offerings portfolio as well as relationships with critical U.S. national security clients, such as the Office of the Secretary of Defense, multiple branches and agencies of the U.S. military, the Federal Aviation
Stock Market Symbols GIB.A (TSX)GIB (NYSE)cgi.com/newsroom MONTRÉAL, Sept. 3, 2024 /PRNewswire/ - CGI (TSX:GIB) (NYSE:GIB) announced today that it has priced an offering of Canadian dollar denominated senior unsecured notes in two series. CGI will issue C$750 million in aggregate principal amount of senior unsecured notes, consisting of C$300 million aggregate principal amount of 3-year notes and C$450 million aggregate principal amount of 5-year notes. The 3-year notes will bear interest at the rate of 3.987% per annum and 5-year notes will bear interest at the rate of 4.147% per annum. The offering is expected to close on or about September 5, 2024, subject to customary closing conditions
Stock Market SymbolsGIB.A (TSX)GIB (NYSE)cgi.com/newsroom Updates use of cash strategy to include dividend program Q3-F2024 performance highlights Revenue of $3.67 billion, up 1.3% year-over-year or 0.2% year-over-year in constant currency1;Earnings before income taxes of $594.0 million, up 6.3% year-over-year, for a margin1 of 16.2%;Adjusted EBIT1 of $602.8 million, up 3.1% year-over-year, for a margin1 of 16.4%;Net earnings of $440.1 million, up 6.1% year-over-year, for a margin1 of 12.0%;Net earnings excluding specific items1,2 of $440.2 million, up 3.4% year-over-year, for a margin1 of 12.0%;Diluted EPS of $1.91, up 9.1% year-over-year;Diluted EPS excluding specific items1,2 of $1.91, up
Stock Market Symbols GIB (NYSE) GIB.A (TSX)cgi.com/newsroom MONTRÉAL, Jan. 29, 2025 /PRNewswire/ - In line with the comprehensive succession strategies that CGI (TSX:GIB) (NYSE:GIB) 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. "Over the years, Julie has mastered every dimension of our business and industry as the portfolio of her responsibilities incrementall
Stock Market Symbols GIB.A (TSX) GIB (NYSE) cgi.com/newsroom Signature reinforces the company's commitment to responsible and ethical AI practices BRUSSELS, Sept. 25, 2024 /PRNewswire/ - CGI (TSX:GIB) (NYSE:GIB), one of the world's largest business and IT consulting firms, announced today that it has signed the European Union's (EU) Artificial Intelligence (AI) Act Pledge as part of its engagement with the European Commission's AI Pact. The signature reinforces CGI's commitment globally to uphold the highest standards and best practices in the development and use of responsible technologies, including innovative AI and Generative AI technologies. "Given CGI's extensive footprint in Europe
Stock Market SymbolsGIB.A (TSX)GIB (NYSE)cgi.com/newsroom PARIS, July 3, 2024 /PRNewswire/ - CGI (TSX:GIB) (NYSE:GIB), one of the world's largest business and IT consulting services firms, is partnering with Risk Management Partners, a unit of Munich Re, the world's leading reinsurer, to help insurers reduce claims, increase profits, and drive long-term value through climate risk mitigation. This partnership will combine Munich Re's Location Risk Intelligence Platform with CGI's climate risk mitigation offerings to help insurers minimize the impact of climate change on their business models and profitability. Faced with increasing claims, insurers must deal with climate-related risks and ch
Stock Market SymbolsGIB (NYSE)GIB.A (TSX)cgi.com/newsroom George D. Schindler to retire and remain a member of the Board, effective October 1, 2024 MONTRÉAL, May 22, 2024 /PRNewswire/ - The CGI (NYSE:GIB) (TSX:GIB) Board of Directors announced the appointment of François Boulanger as President and Chief Executive Officer and a member of the Board of Directors, effective October 1, 2024. Mr. Boulanger is currently President and Chief Operating Officer for CGI's operations in Canada, U.S. Commercial and State Government, Asia Pacific Global Delivery Centers of Excellence, and Global IP Solutions. George D. Schindler, currently President and Chief Executive Officer, will retire effective Septem
Gaithersburg, MD, May 24, 2021 (GLOBE NEWSWIRE) -- mPhase Technologies, Inc. (OTC:XDSL) ("mPhase" or the "Company"), a technology company specializing in EV charging and consumer engagement, announced that it has appointed industry veteran Venkat Kodumudi as Chief Operating Officer. Mr. Kodumudi brings over 29 years of experience in information technology senior management that includes a 14-year career as software developer and architect. Previously, he had been involved in over 5 companies and a Federal Government Agency, in the information technology industry holding positions including chief technology officer, health product practice lead, director, and deputy director for IT operatio
FAIRFAX, Va., March 22, 2021 /PRNewswire/ -- CGI (NYSE: GIB) (TSX: GIB.A) announced the appointment of Stephanie Mango to President of CGI Federal with transition activities effective immediately. In this role, she will lead CGI Federal's 7,000 professionals, partnering with more than 85 government agencies to provide solutions for defense, civilian, healthcare and intelligence missions. "I am honored to take the helm of such a remarkable organization that provides mission-critical services to help agencies enhance citizen engagement, accelerate digital transformation, protect America's assets, modernize operations and empower the Federal workforce of the future," stated Mango. "I've seen
Stock Market SymbolsGIB.A (TSX)GIB (NYSE)cgi.com/newsroom Acquisition deepens CGI's data and business intelligence capabilities MONTRÉAL, March 25, 2025 /PRNewswire/ - CGI (TSX:GIB) (NYSE:GIB), one of the largest independent IT and business consulting services firms in the world, today announced the acquisition of Momentum Technologies, a Québec City based IT consulting services company, specializing in data analytics and business intelligence. More than 250 highly skilled consultants and professionals will join CGI, deepening the company's local presence and capacity to serve clients across the public sector and several commercial industries such as health and insurance. "On behalf of CG
Stock Market SymbolsGIB.A (TSX)GIB (NYSE)cgi.com/newsroom MONTRÉAL, Canada LEINFELDEN-ECHTERDINGEN, Germany and GRANADA, Spain, March 21, 2025 /PRNewswire/ - CGI (TSX:GIB) (NYSE:GIB), one of the largest independent IT and business consulting services firms in the world, has completed the previously announced acquisition of Novatec by its wholly owned limited partnership, CGI Deutschland B.V. & Co. KG. Novatec is a leading digital services company in Germany and Spain. Founded in 1996, it offers a wide range of business and IT consulting services, including cloud-based solutions, agile products, software development and digital strategies. Novatec's application performance management solutio
Stock Market SymbolsGIB.A (TSX)GIB (NYSE)cgi.com/newsroom MONTRÉAL, March 12, 2025 /PRNewswire/ - CGI (TSX:GIB) (NYSE:GIB) announced today that it has priced an offering of senior unsecured notes. CGI will issue US$650 million in aggregate principal amount of 5-year senior unsecured notes, which will bear interest at the rate of 4.95% per annum (treasury rate plus 100 basis points). Concurrently with the offering, CGI expects to enter into a currency swap agreement to reduce the Canadian dollar equivalent cost of borrowing of the notes to 3.7125% per annum. The offering is expected to close on or about March 14, 2025, subject to customary closing conditions. The net proceeds from the offeri
GIB.A (TSX)GIB (NYSE)cgi.com/en/press-room MONTREAL, Quebec and PARIS, France, March 6, 2025 /PRNewswire/ - CGI (TSX:GIB) (NYSE:GIB), one of the largest independent IT and business consulting services firms in the world, announces that it has been awarded the Sustainable IT label - Level 2 (Numérique Responsable - NR), covering its operations in France as well as Luxembourg, Morocco, Romania and Switzerland. This certification is a testament to the company's commitment to sustainable digital models. CGI, which was awarded the Level 1 label in 2022, continues to make progress in its continuous improvement approach to digital responsibility, becoming the first digital services company with ov
Stock Market SymbolsGIB.A (TSX)GIB (NYSE)cgi.com/newsroom LONDON, United Kingdom, Feb. 25, 2025 /PRNewswire/ - CGI (TSX:GIB) (NYSE:GIB) has completed its previously announced acquisition of BJSS, a leading UK-based technology and engineering consultancy. The acquisition aligns with CGI's strategy to expand its consulting-led services and drive innovation in cloud, AI, data analytics, and software engineering for commercial and public sector clients. "We are really pleased to welcome all of the new joiners from BJSS, whose deep expertise in digital engineering enhances CGI's collective ability to deliver industry-leading technology solutions and advisory services to clients across the UK," s
Stock Market SymbolsGIB.A (TSX)GIB (NYSE)cgi.com/newsroom Select status recognizes CGI's trusted cloud and AI positioning for providing clients with streamlined data solutions MONTREAL, Quebec, Feb. 20, 2025 /PRNewswire/ - CGI (TSX:GIB) (NYSE:GIB), one of the largest independent IT and business consulting services firms in the world, today announced its achievement of Select partner program status from Databricks, the data and AI company. This designation underscores CGI's commitment to advancing data analytics and artificial intelligence (AI) capabilities in support of clients worldwide. With more than 100 Databricks-certified consultants across data engineering, machine learnin
Stock Market SymbolsGIB.A (TSX)GIB (NYSE)cgi.com/newsroom Partners initiate development unit for Volkswagen Group-wide digitalization projectsGoal is fast and efficient software development for new IT systems at VolkswagenBoard 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"MONTRÉAL, Quebec and WOLFSBURG, Germany, Feb. 17, 2025 /PRNewswire/ - The Volkswagen Group and CGI (TSX:GIB) (NYSE:GIB), 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 capabil
CHICAGO, Feb. 6, 2025 /PRNewswire/ -- CGI (TSX:GIB) (NYSE:GIB), one of the world's leading independent IT and business consulting services firms, today announced the extension of its longstanding partnership with the City of Springfield, Illinois. The partnership will support a strategic initiative to upgrade the City's enterprise resource planning (ERP) system to a modern cloud platform powered by CGI Advantage®, a proven, built-for-government ERP solution that reduces risk, lowers maintenance requirements and streamlines operations. "Moving to the cloud with CGI Advantage marks a major step forward for the City of Springfield," said Misty Buscher, Mayor of the City of Springfield. "With C
Stock Market SymbolsGIB.A (TSX)GIB (NYSE)cgi.com/newsroom BANGALORE, India, Feb. 4, 2025 /PRNewswire/ - CGI (TSX:GIB) (NYSE:GIB), one of the largest independent IT and business consulting services firms in the world, recently won the ACCA (Association of Chartered Certified Accountants) India Award 2024 for Excellence in Digital Transformation for sustainable business practices and creating value for stakeholders. CGI DigiOps was recognized for its integrated toolset of intellectual property—including CGI SiteReliability360 and CGI ServiceInsight—accelerators, foundational models, best practices and alliance services which empower businesses to transform, thrive and deliver consistent value.
Acquisition will strengthen CGI's presence in the automotive, manufacturing and financial services sectors in Southern Germany, and will expand its presence in Spain Stock Market SymbolsGIB (NYSE)GIB.A (TSX)www.cgi.com/newsroom Montréal, Quebec and Leinfelden-Echterdingen, Germany, Jan. 30, 2025 /CNW/ - CGI (TSX:GIB) (NYSE:GIB), one of the largest independent IT and business consulting services firms in the world, today announced that its wholly-owned limited partnership, CGI Deutschland B.V. & Co. KG, has signed an agreement to acquire Novatec, an IT services firm specialized in agile software engineering, digital products and strategic business & IT consulting services. More than 300 highl
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CIBC upgraded CGI Group from Neutral to Sector Outperform
UBS initiated coverage of CGI Group with a rating of Neutral and set a new price target of $112.00
Jefferies initiated coverage of CGI Group with a rating of Buy and set a new price target of $120.00
CIBC downgraded CGI Group from Sector Outperform to Neutral
TD Securities upgraded CGI Group from Hold to Buy
Societe Generale downgraded CGI Group from Buy to Hold
Scotiabank resumed coverage of CGI Group with a rating of Sector Outperform
Goldman Sachs initiated coverage of CGI with a rating of Sell
Goldman initiated coverage of CGI Group with a rating of Sell and set a new price target of $85.44
Stifel resumed coverage of CGI Group with a rating of Buy