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CGI Inc - GIB STOCK NEWS

Welcome to our dedicated news page for CGI (Ticker: GIB), a resource for investors and traders seeking the latest updates and insights on CGI.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect CGI's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of CGI's position in the market.

News
CGI and LocalTapiola extend long-term partnership to further advance enterprise-wide digital transformation program
Rhea-AI Summary
CGI and LocalTapiola Extend Strategic Partnership for Five More Years, Valued at CAD 284 Million
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.82%
Tags
partnership
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News
CGI';s 2023 ESG Report highlights progress through responsible innovation
Rhea-AI Summary
CGI (NYSE: GIB) publishes its 2023 ESG Report, showcasing progress in reducing CO2e emissions, achieving sustainability goals, and aligning with the Science Based Targets initiative. The company received a Platinum rating from EcoVadis and was recognized by CDP for its sustainability performance.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.68%
Tags
none
-
News
CGI reports director election results
Rhea-AI Summary
CGI held its Annual General Meeting of Shareholders in Montréal, Quebec, Canada, on January 31, 2024. All 15 directors proposed for election were elected by shareholders on a vote by electronic ballot. The votes for each director ranged from 96.73% to 99.82% with varying percentages of votes withheld.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
2.93%
Tags
none
News
CGI reports first quarter Fiscal 2024 results
Rhea-AI Summary
CGI reported a 4.4% increase in revenue in Q1-F2024, reaching $3.60 billion. The company's earnings before income taxes, adjusted EBIT, net earnings, and diluted EPS also showed positive growth year-over-year. The book-to-bill ratio stood at 116.2%, and the backlog was $26.57 billion or 1.8x annual revenue. CGI's long-term debt and lease liabilities decreased, while the return on invested capital increased to 15.9%. The company's Normal Course Issuer Bid was renewed, allowing for the purchase for cancellation of up to 20,457,737 Class A subordinate voting shares over the next 12 months.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.55%
Tags
earnings
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News
CGI renews its Normal Course Issuer Bid
Rhea-AI Summary
CGI (TSX: GIB.A) (NYSE: GIB) has authorized the renewal of its Normal Course Issuer Bid (NCIB), allowing the purchase for cancellation of up to 20,457,737 Class A Shares. The company believes it is a proper use of funds and aims to increase shareholder value. The repurchases under the renewed NCIB may commence on February 6, 2024, and will end on February 5, 2025, or when the maximum allowable shares are acquired or the company decides not to make further purchases.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.55%
Tags
none
-
News
CGI partners with Posti to deliver digital messaging services that respond to fast-changing customer and security demands
Rhea-AI Summary
CGI and Posti Group have entered a 10-year strategic partnership to develop and deliver digital multichannel messaging services. The collaboration will empower Posti to respond more effectively to their customers' rapidly changing expectations, as well as future cybersecurity and operational security requirements. CGI will partner with Posti to modernize the digital messaging technology and transfer 88 professionals who are based in Finland, Poland, Latvia, and Estonia. The partnership ensures digital solutions that are critical for supporting multi-channel messaging at Posti, improving the offering and services, and the security of communication. CGI helps logistics firms worldwide drive business transformation through IT modernization, Internet of Things, digital insights, cybersecurity, and other advanced technologies.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.64%
Tags
partnership
News
CGI and National Bank of Canada sign long-term service agreement
Rhea-AI Summary
CGI (NYSE: GIB) (TSX: GIB.A) has announced the renewal of its partnership with National Bank of Canada for 10 years. The partnership will focus on delivering technology services and market-leading solutions to enhance client experience and drive operational excellence. This agreement strengthens the 20-plus year partnership between the organizations, with CGI delivering banking insights, expertise, and a portfolio of services including business consulting, innovative project development, systems integration, and wealth and payment solutions.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.02%
Tags
none
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News
CGI announces details for its Annual General Meeting of Shareholders and release of fiscal 2024 first quarter results
Rhea-AI Summary
CGI (TSX: GIB.A) (NYSE: GIB) will host its Annual General Meeting of Shareholders and release its fiscal 2024 first quarter results on January 31, 2024. The Meeting will be held via live webcast, and shareholders will have the opportunity to participate and vote online. CGI will also hold its first quarter conference call on the same day to discuss the results.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.52%
Tags
earnings
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News
CGI's Sunflower asset management cloud solution receives FedRAMP® approval
Rhea-AI Summary
CGI Federal Inc., a subsidiary of CGI Inc., has announced that its Sunflower™ asset management cloud solution has received approval from FedRAMP®, certifying it for use across federal government agencies in the U.S. The solution currently manages 4.2 million client assets at over 75 federal entities, providing improved efficiency, software standardization, and predictable costs. The approval provides federal IT decision-makers with confidence in the security and compliance standards of CGI cloud technologies.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.18%
Tags
none
News
CGI and Körber announce global partnership to enable pharmaceutical and life sciences clients to improve production operations
Rhea-AI Summary
CGI (GIB) partners with Körber to enhance pharmaceutical and life sciences production processes. The global partnership aims to improve efficiency, accuracy, and safety in pharma products through the combination of CGI's services and Körber's MES Suite. The collaboration will enable real-time data access, operational excellence, and digital transformation, benefiting both companies' global clients.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.02%
Tags
partnership
Stock GIB logo
CGI Inc

NYSE:GIB

GIB Rankings

#434 Ranked by Market Cap
#1032 Ranked by Stock Gains
N/A Ranked by Dividends

GIB Stock Data

24.76B
184.10M
0.78%
68.81%
0.35%
Marketing Consulting Services
Professional, Scientific, and Technical Services
Link
Canada
Montreal

About GIB

about us: with 65,000 professionals in 40 countries, cgi is a leading it and business process services provider focused on being a partner, employer and investment of choice. à propos de cgi – regroupant 65 000 professionnels dans 40 pays, cgi se classe parmi les plus importants fournisseurs de services en ti et en gestion des processus d'affaires et s’engage à être un partenaire, un employeur et un investissement de choix.