CGI (GIB) Stock News

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.

CGI (TSX: GIB.A, NYSE: GIB) released findings from its annual global research involving 1,800+ business and tech executives. The study reveals three key trends: accelerating value chain evolution with 66% noting digitization reshaping business models, challenges in achieving ROI due to structural constraints, and increasing openness to new digital transformation approaches. The research shows 35% of organizations are implementing traditional AI and 26% adopting generative AI. While executives face cost pressures, two-thirds plan to maintain or increase capital expenditure, with over 50% planning to invest more than $200M in IT programs over three years. Despite only 28% having sufficiently agile operating models, AI and automation emerged as top investment priorities for driving efficiency and innovation across industries.

CGI announced that ABN AMRO Bank has implemented CGI's CLS Manager solution to become a full settlement member of CLS Bank's FX Clearing network. The partnership enables ABN AMRO to enhance control over FX settlement processes while reducing risk and expanding third-party services. The bank successfully completed its first settlement as a CLS Settlement Member on May 21, 2025, following a trial period. CGI's CLS Manager provides automation, monitoring, and reconciliation capabilities, featuring functional flexibility including internal multilateral netting and SWIFT CBPR+ ISO 20022 messaging. As a CLS Registered Vendor with extensive experience since CLS's inception, CGI offers comprehensive solutions covering CLS Settlement, CLSNet, CLSNow, Cross Currency Swaps, DTCC, and ClearedFX.

CGI (NYSE: GIB) has extended its 25-year partnership with Suffolk County, New York, to modernize the county's financial and administrative systems. The project involves upgrading to the latest version of CGI Advantage® as a Software-as-a-Service (SaaS) platform, managing key functions including finance, vendor self-service, procurement, debt management, and advanced reporting. The cloud-based transition aims to enhance operational resilience, strengthen security, and reduce legacy system dependence. The modernization will streamline operations, simplify workflows, and free up County staff time from system maintenance to focus on strategic initiatives. Suffolk County Comptroller John Kennedy emphasized CGI's role as a true partner in delivering more efficient services while safeguarding critical operations.

CGI (NYSE: GIB) has secured a 10-year contract extension with Colorado Parks and Wildlife (CPW) to continue providing its cloud-based CGI Advantage Performance Budgeting solution. The partnership will enhance CPW's financial management through advanced analytics, improved data visualization, and Testing as a Service (TaaS) capabilities.

The system will integrate with CGI Advantage Financial Management and Colorado's CORE platform, enabling better budget forecasting and compliance tracking for awards and grants. CPW, which manages 43 state parks and over 350 wildlife areas, relies on diverse funding sources, with more than 90% of its budget coming from non-tax revenues including hunting and fishing licenses, park fees, and federal excise taxes.

CGI Federal (NYSE: GIB) has been selected by the Federal Aviation Administration (FAA) to lead the modernization of the Notice to Airmen (NOTAM) system, a critical aviation safety system in the United States. The company will partner with Google Public Sector, NG Aviation, and Mosaic ATM to implement a state-of-the-art NOTAM platform that will enhance the FAA's ability to deliver safety alerts to aviation stakeholders.

The upgraded system will feature near-real-time data exchange and improved stakeholder collaboration, all hosted on a secure cloud architecture. Google will serve as the trusted cloud provider, delivering FedRAMP High-compliant cloud services for the project. CGI Federal brings nearly four decades of global aviation experience to this modernization effort.

CGI reported strong Q2 fiscal 2025 results with revenue exceeding $4.02 billion, up 7.6% year-over-year. The company achieved a 3.3% growth in constant currency, with net earnings of $429.7 million and adjusted diluted EPS of $2.12, up 7.6% from last year.

Key highlights include bookings of $4.48 billion with a book-to-bill ratio of 111.5%, and a substantial backlog of $30.99 billion. The company maintains a strong financial position with cash from operations at $438.2 million, representing 10.9% of revenue.

CGI expanded its restructuring program, particularly in Continental Europe operations, incurring $44.2 million in costs this quarter. The company's workforce stands at 94,000 professionals worldwide. The Board approved a quarterly dividend of $0.15 per share, payable on June 20, 2025.