Reported Thursday, CGI Expands Managed Services With Acquisition Of Celero's Credit Union Business, Now Serving Over 90 Credit Unions Nationwide

7/5/24 2:11:36 AM ET

Professional Services

Consumer Discretionary

Get the next $GIB alert in real time by email

Under the agreement, CGI acquires the managed services business with more than 90 credit unions and creates new partnerships with Credit Union Central of Manitoba (CUCM), Alberta Central and SaskCentral. The business will be seamlessly integrated into CGI's existing operations, ensuring continuity and quality of service for all clients. As part of the agreement, more than 150 Celero employees will join CGI, benefitting from the company's ownership-based culture which will ensure smooth onboarding as well as future professional development opportunities.

Get the next $GIB alert in real time by email

Chat with this insight

Save time and jump to the most important pieces.

Recent Analyst Ratings for
$GIB

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

More analyst ratings

$GIB
Leadership Updates

Live Leadership Updates

CGI signs the European Commission's Artificial Intelligence Act Pledge
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
9/25/24 6:30:00 AM ET
$GIB
Professional Services
Consumer Discretionary
CGI collaborates with Munich Re's Risk Management Partners to help insurers reduce claims and increase profits through climate risk mitigation
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
7/3/24 6:30:00 AM ET
$GIB
Professional Services
Consumer Discretionary
CGI to appoint François Boulanger President and Chief Executive Officer, effective October 1, 2024
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
5/22/24 8:00:00 AM ET
$GIB
Professional Services
Consumer Discretionary

CGI reports fourth quarter and Fiscal 2024 results
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
11/6/24 6:30:00 AM ET
$GIB
Professional Services
Consumer Discretionary
CGI to release fourth quarter and fiscal 2024 results on November 6
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
10/30/24 6:30:00 AM ET
$GIB
Professional Services
Consumer Discretionary
CGI completes acquisition of Aeyon, expands capabilities for national security and civilian agency missions
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
9/13/24 4:02:00 PM ET
$GIB
Professional Services
Consumer Discretionary

$GIB
Press Releases

Fastest customizable press release news feed in the world

CGI helps clients accelerate their data analytics and AI maturity through renewed Snowflake Premier Partner alliance
FAIRFAX, Va., Nov. 7, 2024 /PRNewswire/ -- CGI (TSX:GIB) (NYSE:GIB), one of the largest independent IT and business consulting services firms in the world, today announced it has renewed its U.S.-focused alliance as a Premier Services partner with Snowflake, the AI Data Cloud company. As a Premier partner that supports the AI Data Cloud for government and education, the collaboration augments CGI's offerings to help clients accelerate digital transformations by fully leveraging the performance, flexibility and scalability of the Snowflake AI Data Cloud. "CGI's services and solutions, combined with Snowflake's AI Data Cloud, create a powerful portfolio of capabilities to help clients streaml
11/7/24 6:30:00 AM ET
$GIB
Professional Services
Consumer Discretionary
CGI reports fourth quarter and Fiscal 2024 results
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
11/6/24 6:30:00 AM ET
$GIB
Professional Services
Consumer Discretionary
CGI supports Michelin in its Software and Data Driven strategy
Stock symbolsGIB (NYSE)GIB.A (TSX)cgi.com/press-room PARIS, Nov. 5, 2024 /PRNewswire/ - CGI (TSX:GIB) (NYSE:GIB), one of the world's largest business and IT consulting services firms, announces that it has signed a 3-year contract with Michelin, the world's leading manufacturer of composites and experiences that transform our daily lives, to develop and maintain its Supply Chain and Planning Production Manufacturing applications. CGI will also be involved in supporting Michelin's Customer Experience and Services & Solutions domains. CGI supports Michelin in the harmonization of its application ecosystem, notably through the creation and integration of solutions, as well as the associated su
11/5/24 6:30:00 AM ET
$GIB
Professional Services
Consumer Discretionary

Reported Thursday, CGI Expands Managed Services With Acquisition Of Celero's Credit Union Business, Now Serving Over 90 Credit Unions Nationwide

Chat with this insight

Recent Analyst Ratings for
$GIB

$GIB
Market Insights

Live Market Insights

UBS Initiates Coverage On CGI with Neutral Rating, Announces Price Target of $112