CGI Inc - GIB STOCK NEWS

CGI (NYSE: GIB) has announced it will release its second quarter fiscal 2025 financial results on Wednesday, April 30, 2025, before markets open. The company will host a conference call at 9:00 a.m. (EDT) featuring President and CEO François Boulanger and CFO Steve Perron to discuss the results and answer questions.

Interested parties can join the conference call using 1-800-717-1738 (Conference ID: 95409). A replay will be available until May 30, 2025, by dialing +1-888-660-6264 (Passcode: 95409). The quarterly results conference call will also be accessible via live webcast through the IR section of CGI's website, where a replay and supporting slides will be archived. A podcast replay will also be made available later that day.

CGI (NYSE: GIB) has announced that its CGI Advantage® Enterprise Resource Planning (ERP) solution has become the first and only ERP solution to achieve GovRAMP Authorized status. The State of Arizona served as the government sponsor for this authorization, ensuring compliance with rigorous cybersecurity standards.

This certification provides a common method for validating cloud security providers and ensures protection of sensitive data including PII, PHI, and PCI information. The solution complies with security standards established by the National Institute of Standards and Technology (NIST), offering streamlined compliance and enhanced data security.

CGI Advantage ERP continues its pioneering role in public sector solutions, marking several firsts: first government-specific ERP, first ERP deployed in both FedRAMP and GovRAMP Authorized environments, and now the first to achieve GovRAMP Authorized status.

CGI (NYSE: GIB) has announced an expansion of its Universal Virtual Flight Data Recorder (UVFDR) initiative into CGI VirtualFlightRecorder, a new AWS-based solution for enhancing aviation safety globally. The project, developed with support from the European Space Agency and UK Space Agency, aims to improve operational efficiency and ensure compliance with global aeronautics distress and safety standards.

The solution replicates traditional Black Box functionality in a cloud-based environment, featuring improved data resilience in emergencies, global standards compliance, seamless operational integration, and enhanced data integrity. Key features include satellite data transmission for emergency scenarios, blockchain technology for data security, and real-time data transmission capabilities.

The system is designed for commercial air transport, business aviation, and advanced air mobility sectors, offering cost-effective storage of authenticated flight data for aircraft operators, manufacturers, and regulators.

CGI (NYSE: GIB) has successfully upgraded Ventura County's Financial Management System (VCFMS) to the CGI Advantage® Cloud platform, marking a significant advancement in their 30-year partnership. The cloud transition includes CGI Advantage Financial, Vendor Self-Service applications, and the CGI Advantage Insight reporting tool.

The upgrade aims to enhance operational efficiency and resiliency while maintaining system familiarity for users. Key features include:

• Streamlined user interface for improved accessibility
• Seamless disaster recovery solutions
• Enhanced operational agility
• Continuous software updates without disruptive upgrades
• Integrated reporting capabilities for simplified data-driven decision-making

CGI (TSX: GIB.A) (NYSE: GIB) has signed an exclusivity agreement to acquire Apside, a leading French digital and engineering services firm. The agreement, signed on March 28, 2025, with Apside's main shareholders, involves integrating over 2,500 professionals across 28 offices in six countries.

Apside serves more than 300 clients worldwide, specializing in manufacturing, financial services, insurance, and public sector. The company brings expertise in data, AI, cloud, and cybersecurity. The acquisition would strengthen CGI's presence in France, Canada, Portugal, Belgium, Morocco, and Switzerland.

The transaction, subject to regulatory approvals and employee consultation procedures, is expected to close in June 2025. The merger aims to expand CGI's portfolio by integrating engineering services and enhancing capabilities across manufacturing and financial services sectors.

CGI (TSX: GIB.A) (NYSE: GIB) has announced the acquisition of Momentum Technologies, a Québec City-based IT consulting services company specializing in data analytics and business intelligence. The acquisition will integrate over 250 skilled consultants and professionals into CGI's workforce, strengthening its local presence and service capabilities across public sector and commercial industries including health and insurance.

Founded in 2003, Momentum Technologies is recognized for providing innovative solutions in digital transformation, managed services, cloud computing, and enterprise software development. The merger aims to enhance CGI's AI capabilities and analytics offerings, enabling deeper insights and smarter decision-making for clients.

CGI (TSX: GIB.A) (NYSE: GIB) has completed its acquisition of Novatec, a leading digital services company in Germany and Spain. Founded in 1996, Novatec specializes in business and IT consulting services, including cloud-based solutions, agile products, software development, and digital strategies.

The acquisition brings over 300 IT and consulting experts from eight German offices, primarily in the Stuttgart metro market and South-West region, as well as from Granada, Spain. Novatec's application performance management solutions will enhance CGI's intellectual property portfolio and support clients in accelerating digital innovation through AI technologies.

The merger aims to create additional value for clients in the automotive, manufacturing, and financial services industries, combining both companies' expertise in digital innovation and business transformation.

CGI (NYSE: GIB) has announced the pricing of US$650 million in 5-year senior unsecured notes, bearing an interest rate of 4.95% per annum. The company plans to enter a currency swap agreement to reduce the Canadian dollar equivalent borrowing cost to 3.7125% per annum.

The offering is expected to close around March 14, 2025, with net proceeds of approximately US$641.3 million after deducting fees and expenses. CGI intends to use the proceeds to repay existing debt and for general corporate purposes.

The notes will be offered to qualified institutional buyers in the United States under Rule 144A and internationally under Regulation S, as well as in Canada through private placement.

CGI (TSX: GIB.A) (NYSE: GIB) has achieved the Sustainable IT label - Level 2 certification across its operations in France, Luxembourg, Morocco, Romania, and Switzerland, becoming the first digital services company with over 5,000 employees to reach this milestone.

The certification, awarded by Institut du Numérique Responsable in partnership with the French Ministry of Ecological Transition and other organizations, recognizes CGI's commitment to sustainable digital practices. The company was assessed against 52 criteria across five key areas:

• Strategy and governance
• Supporting responsible digital strategy
• Lifecycle of digital services
• Extending responsible digital approach
• External levers of digital service companies

Notable achievements include training 9,000 employees in eco-design and collaborating with major customers like EDF in developing environmentally-friendly solutions. The Level 2 certification was awarded following a comprehensive audit by Baker Tilly, and CGI has established a three-year progress plan focusing on responsible design implementation.