Welcome to our dedicated page for CGI news (Ticker: GIB), a resource for investors and traders seeking the latest updates and insights on CGI stock.
News and updates on CGI Inc. (GIB) highlight its activities as one of the largest independent IT and business consulting services firms in the world. Company announcements cover technology initiatives, government contracts, acquisitions, platform launches and regulatory disclosures tied to its listings on the NYSE (GIB) and TSX (GIB.A).
Recent news emphasizes CGI's work with public sector clients. CGI Federal has announced the availability of the CGI Fraud, Waste and Abuse Prevention Platform through the U.S. Department of the Treasury's Financial Management Quality Service Management Office marketplace, enabling federal agencies to use real-time risk detection, advanced analytics and AI to identify potentially fraudulent payments. Other releases describe government-focused projects such as cooperative contracts with the Texas Department of Information Resources to provide CGI Advantage ERP and CGI Transcend case management solutions, as well as state-level modernization initiatives in Nevada and San Diego County using CGI Advantage.
CGI's news flow also includes international defense and security work, such as the HERMES project for NATO, which delivers a secure mobile communications solution in partnership with secunet Security Networks. Corporate development stories feature acquisitions like Comarch Polska SA in Poland and Online Business Systems in Canada and the United States, which expand CGI's footprint and capabilities in public administration solutions, digital transformation, AI and cybersecurity.
Investors and observers can also find updates on CGI's recognition in industry assessments, such as being named a Major Contender for Global Capability Center setup and transformation capabilities in India, and on regulatory milestones like the filing of annual disclosure documents and Form 6-K reports. This news page aggregates these developments to provide a centralized view of CGI's contracts, partnerships, technology platforms and regulatory communications.
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.
CGI (NYSE: GIB) has scheduled the release of its third quarter fiscal 2025 financial results on Wednesday, July 30, 2025, before market 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.
Investors can access the call via phone at 1-800-717-1738 (Conference ID: 28135) or through a live webcast on CGI's IR website. A replay will be available until August 30, 2025, and can be accessed by phone, webcast recording, or downloadable podcast.
CGI (NYSE: GIB) has successfully launched an upgraded cloud-based ERP system for the City of Rockville, Maryland. The implementation of CGI Advantage® platform modernizes the city's financial, procurement, inventory, human resources, and reporting systems.
The upgrade provides enhanced capabilities and improved operational efficiency, with a more intuitive interface designed for both remote and in-office employees. The transformation represents a significant milestone in CGI's 30-year partnership with Rockville, with additional features like vendor self-service and open enrollment planned for future phases.