The X-News Explorer is the ultimate source of information for investors with an affinity for the stock market who want to get a quick and convenient overview of the current news situation of a listed company. Various newswire services are available here. If a news alert is displayed, you will find company news that may be of interest to you. This service is provided by PR-Newswire.
Stock Market SymbolsGIB.A (TSX)GIB (NYSE)cgi.com/newsroom
MONTRÉAL, Nov. 21, 2024 /PRNewswire/ - CGI (TSX: GIB.A) (NYSE: GIB), one of the largest IT and business consulting companies in the world, has been awarded the 2024 Worldwide Industry Solutions Partner of the Year and Europe, Middle East, and Africa (EMEA) Industry Solutions Partner of the Year by UiPath. CGI was recognized for outstanding results in consulting, innovation, AI, automation and implementation.
"We are thrilled to be recognized by UiPath for our commitment to helping clients scale automation projects and achieve business outcomes. Since 2018, we have partnered with UiPath to help clients automate complex decisions, interactions and save thousands of hours in their efforts to improve customer experience. This award is a testament to our consulting and automation capabilities to take on the challenges of tomorrow, ensuring long-term success for our clients," said Rakesh Aerath, President, CGI Asia Pacific Global Delivery Center of Excellence and Global Executive Sponsor for CGI's relationship with UiPath.
Stock Market SymbolsGIB.A (TSX)GIB (NYSE)cgi.com/newsroom
MONTRÉAL, Nov. 21, 2024 /CNW/ - CGI (TSX: GIB.A) (NYSE: GIB), one of the largest IT and business consulting companies in the world, has been awarded the 2024 Worldwide Industry Solutions Partner of the Year and Europe, Middle East, and Africa (EMEA) Industry Solutions Partner of the Year by UiPath. CGI was recognized for outstanding results in consulting, innovation, AI, automation and implementation.
"We are thrilled to be recognized by UiPath for our commitment to helping clients scale automation projects and achieve business outcomes. Since 2018, we have partnered with UiPath to help clients automate complex decisions, interactions and save thousands of hours in their efforts to improve customer experience. This award is a testament to our consulting and automation capabilities to take on the challenges of tomorrow, ensuring long-term success for our clients," said Rakesh Aerath, President, CGI Asia Pacific Global Delivery Center of Excellence and Global Executive Sponsor for CGI's relationship with UiPath.
FAIRFAX, Va., Nov. 14, 2024 /PRNewswire/ -- CGI Federal Inc. (CGI), the wholly-owned U.S. operating subsidiary of CGI Inc. (NYSE: GIB) (TSX: GIB.A), today announced it has been recognized as a Leader in the IDC MarketScape: U.S. Federal Government Cloud Professional Services 2024 Vendor Assessment*. We believe the recognition underscores CGI Federal's exceptional capabilities in delivering innovative cloud solutions tailored to the unique needs of U.S. federal agencies.
"CGI Federal's extensive experience and strategic approach to cloud professional services have solidified their position as a leader in this market," said Adelaide O'Brien, Research Vice President at IDC. "Their ability to integrate strategic consulting, modernization, and transformation through a range of cloud models demonstrates a commitment to enhancing client success. CGI Federal's focus on continuous innovation and client satisfaction establishes them as a key partner in the federal government's digital transformation journey."
FAIRFAX, Va., Nov. 7, 2024 /PRNewswire/ -- CGI (TSX: GIB.A) (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.
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-year, for a margin1 of 12.0%;Diluted EPS of $1.91, up 8.5% year-over-year;Diluted EPS excluding specific items1,2 of $1.92, up 7.3% year-over-year;Cash provided by operating activities of $629.1 million, representing 17.2% of revenue1; andBookings1 of $3.82 billion, for a book-to-bill ratio1 of 104.4%.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-year, for a margin1 of 12.0%;Diluted EPS of $1.91, up 8.5% year-over-year;Diluted EPS excluding specific items1,2 of $1.92, up 7.3% year-over-year;Cash provided by operating activities of $629.1 million, representing 17.2% of revenue1; andBookings1 of $3.82 billion, for a book-to-bill ratio1 of 104.4%.Stock symbolsGIB (NYSE)GIB.A (TSX)cgi.com/press-room
PARIS, Nov. 5, 2024 /CNW/ - CGI (TSX: GIB.A) (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.
Stock symbolsGIB (NYSE)GIB.A (TSX)cgi.com/press-room
PARIS, Nov. 5, 2024 /PRNewswire/ - CGI (TSX: GIB.A) (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.
Milestone reflects decade of successful collaboration with the University of Louisiana at Lafayette, Louisiana Economic Development, Lafayette Economic Development Authority and other community organizations
LAFAYETTE, La., Nov. 4, 2024 /PRNewswire/ -- CGI (NYSE: GIB) (TSX: GIB.A), one of the largest independent IT and business consulting services firms in the world, marks a decade of job growth and community impact at its U.S. Onshore Delivery Centers in Lafayette, Louisiana. The establishment of the Centers was initially announced in April 2014 with a plan for 400 jobs, driving an estimated economic impact of US$90 million a year from a CGI payroll of US$32 million annually. Today, CGI employs more than 750 people in the Acadiana region, with a year-to-date payroll of more than US$60 million, and more than 900 people across the state. CGI plans to hire at least 60 more positions in Acadiana on projects that serve major government and commercial clients, with continued growth anticipated ahead.
Stock Market SymbolsGIB.A (TSX)GIB (NYSE)cgi.com/newsroom
MONTRÉAL, Oct. 30, 2024 /PRNewswire/ - CGI (TSX: GIB.A) (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 access a replay of the call by dialing 1-888-660-6264 Passcode: 25981, until December 6, 2024.
Webcast:
A live webcast of the quarterly results conference call may be accessed through the IR section of our website where a replay will also be archived. Listeners should allow ample time to access the webcast and supporting slides.
Podcast:
A replay will be available for download later in the day.
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