CGI Inc Stock Price, News & Analysis

CGI (NYSE: GIB) has completed its acquisition of Apside, a prominent digital and engineering services provider. The strategic acquisition brings over 2,500 professionals to CGI, including nearly 2,200 in France, expanding the company's presence across France, Belgium, Canada, Morocco, Portugal, and Switzerland.

Apside brings significant expertise in manufacturing, finance, insurance, and public sector industries, along with advanced technological capabilities in data, AI, cloud, and cybersecurity. This acquisition strengthens CGI's market position and service capabilities, particularly in manufacturing and financial services sectors.

CGI Federal Inc., a subsidiary of CGI Inc. (NYSE: GIB), has announced successful deployments of the Integrated Financial and Acquisition Management System (iFAMS) to the VA's Loan Guaranty Program and Veterans Health Administration users. This marks waves 7 and 8 of one of the federal government's largest financial system implementations.

Built on CGI's Momentum® Enterprise Suite, iFAMS will replace five existing VA systems, streamlining financial and acquisition processes. The system has already processed over 11 million transactions and US$18 billion in Treasury disbursements, supporting US$39.9B in contracting dollars. The solution is one of only two systems approved for the U.S. Treasury's FM QSMO marketplace.

CGI (NYSE: GIB) has secured a 10-year contract with the State of New Jersey to enhance and support the State Integrated Recovery Operations Management Systems (SIROMS). The platform, initially created for Superstorm Sandy recovery, has managed over $7.2 billion in disaster recovery funds.

SIROMS serves as New Jersey's system of record for natural disaster recovery efforts, enabling efficient fund management, enhanced operational efficiency, and comprehensive audit readiness. The platform has processed over 10,000 individual reports and facilitated quarterly progress submissions to HUD for 48 consecutive quarters. As of May 2025, the state has disbursed more than $7 billion supporting thousands of residents.

CGI (NYSE: GIB) has secured a significant multi-year contract with the Texas Comptroller of Public Accounts (CPA) to implement a modern enterprise financial system. The project involves replacing the state's legacy systems with CGI Advantage®, a comprehensive SaaS-based ERP solution specifically designed for government operations.

The new system will serve as Texas' central accounting platform, processing over 42.7 million transactions annually and supporting approximately 5,000 users across 225 state agencies and higher education institutions. The cloud-based implementation will include CGI Advantage Financial Management, vendor self-service capabilities, and integration with various state systems, aimed at enhancing reporting, data analytics, and process efficiency.

CGI (NYSE: GIB) has entered into a strategic partnership with retail services company Kesko to accelerate digital transformation. The comprehensive agreement encompasses IT services including end-user services, capacity and cloud services, and integrations. CGI will also support K Group's retail network in digital development initiatives.

The partnership focuses on leveraging automation and AI-based solutions to enhance business renewal and productivity. Kesko selected CGI through a competitive bidding process, citing the company's international expertise and local presence as key factors. The collaboration model includes shared goals, risks, and joint metrics to guide the achievement of strategic objectives.

CGI (NYSE: GIB) has entered into a strategic partnership with retail services company Kesko to accelerate digital transformation. The comprehensive agreement encompasses IT services including end-user services, capacity and cloud services, and integrations. CGI will also support K Group's retail network in digital development initiatives.

The partnership focuses on leveraging automation and AI-based solutions to enhance business renewal and productivity. Kesko selected CGI through a competitive bidding process, citing the company's international expertise and local presence as key factors. The collaboration model includes shared goals, risks, and joint metrics for achieving strategic objectives.

CGI (NYSE: GIB) reported Q3 Fiscal 2025 results with revenue of $4.09 billion, up 11.4% year-over-year (7.0% in constant currency). The company's adjusted earnings before interest and taxes reached $666.1 million, increasing 10.5% year-over-year, with a margin of 16.3%.

The company's net earnings were $408.6 million (margin of 10.0%), with adjusted diluted EPS of $2.10, up 9.9% year-over-year. Bookings totaled $4.15 billion, representing a book-to-bill ratio of 101.4%. The company maintains a strong backlog of $30.58 billion, equivalent to 2.0x annual revenue.

CGI reported increased net debt of $3.12 billion and invested $286.2 million in share buybacks. The company declared a quarterly dividend of $0.15 per share, payable on September 19, 2025.

CGI (NYSE: GIB) has launched CGI SpeedOps, a new business operations transformation solution that combines AI technology with business expertise. The platform, developed in Portugal, aims to deliver agile operations and sustainable value across commercial and public sectors.

The solution integrates with CGI DigiOps and has demonstrated efficiency improvements of over 40% when combined with broader process automation initiatives. Already implemented in energy, utilities, and banking sectors, CGI SpeedOps is now expanding globally, connecting people, processes, data, and systems through its scalable platform.

CGI (NYSE: GIB) has secured a three-year, US$200-million contract extension with the State of California to continue managing the Case Management, Information and Payrolling System (CMIPS). The system supports California's In-Home Supportive Services program, serving over 850,000 recipients and 760,000 caregivers.

The CMIPS platform processes more than 1.5 million payroll payments monthly, totaling $19 billion annually. CGI's services include comprehensive business process outsourcing and IT services, with improvements focusing on cloud modernization, streamlined payroll processes, and enhanced security measures.