CGI Inc Stock Price, News & Analysis

CGI is set to release its fourth quarter and fiscal year 2022 results on November 9, 2022, prior to market opening. The conference call for discussing the results will be hosted by CEO George D. Schindler and CFO Steve Perron at 9:00 a.m. (EST). The company operates globally and has reported revenue of $12.13 billion for fiscal 2021. Investors can access the conference call via phone or through a live webcast on the CGI website.

CGI (NYSE: GIB) has been recognized as a Leader in the IDC MarketScape report for Industrial IoT Service Providers in Utilities. The assessment applauds CGI for its extensive experience with major utilities in Europe and North America, highlighting its focus on innovative offerings like CGI OpenGrid360. Moreover, CGI is acknowledged as a Major Player for its efforts in energy transition and sustainability solutions.

CGI (NYSE: GIB) and Aktia have formed a strategic partnership to enhance Aktia's banking IT services, valued at approximately 50 MEUR (75 MCAD). CGI will manage the development and maintenance of 150 critical applications, aiming to improve customer experience and support product development. The collaboration will bolster Aktia's operational efficiency and regulatory compliance. This partnership marks a significant move in the competitive Nordic banking landscape, with CGI leveraging its global expertise to support Aktia's digital transformation.

CGI and Aktia have announced a strategic partnership to enhance banking IT services, valued at approximately 50 MEUR (75 MCAD). This collaboration will focus on the development and maintenance of 150 key applications, aiming to improve customer experience and competitive edge in the finance sector. The partnership, starting as a joint venture before 2023, emphasizes operational efficiencies and innovative banking services. CGI's extensive expertise in digitization will support Aktia's modernization efforts and regulatory compliance, while over 50 Aktia experts will join CGI's team.

HSBC has introduced HSBC Trade Solutions (HTS) in its primary markets, the UK and Hong Kong, to streamline trade finance processes. This digital platform, developed with CGI (NYSE: GIB), enhances client experience through intuitive interfaces and automation. HTS supports USD800bn of global trade annually and integrates advanced risk management tools. Currently operational in the UK and Hong Kong, HTS will expand to more markets. The platform marks a significant evolution in HSBC's trade finance offerings, aligning with ongoing technological and ESG advancements.

On September 28, 2022, George D. Schindler, President and CEO of CGI (TSX: GIB.A, NYSE: GIB), will participate in a keynote interview at the Bloomberg Canadian Finance Conference in Montréal. He will discuss the evolving digitization landscape and how businesses are leveraging technology amidst global changes. The interview will commence at 11:55 am EDT and be streamed live on Bloomberg Live, with a replay available on CGI's website. CGI, established in 1976, is a leading global IT and business consulting firm, reporting revenues of $12.13 billion for Fiscal 2021.