GIB Stock Recent News

Stock Market Symbols GIB (NYSE) GIB.A (TSX) cgi.com/newsroom MONTRÉAL, Jan. 29, 2025 /PRNewswire/ - In line with the comprehensive succession strategies that CGI (TSX: GIB.A) (NYSE: GIB) established several years ago, Julie Godin is appointed Executive Chair of the Board of Directors, effective following today's Annual General Meeting of Shareholders. In conjunction with Ms.

Stock Market Symbols  GIB.A (TSX) GIB (NYSE) cgi.com/newsroom Revenue up 5.1% with cash generation of $646 million or 17.1% of revenue 1 Q1-F2025 performance highlights Revenue of $3.79 billion, up 5.1% year-over-year or 2.7% year-over-year in constant currency1; Earnings before income taxes of $591.7 million, up 12.3% year-over-year, for a margin1 of 15.6%; Adjusted earnings before interest and taxes1 of $611.7 million, up 4.7% year-over-year, for a margin1 of 16.2%; Net earnings of $438.6 million, up 12.5% year-over-year, for a margin1 of 11.6%; Adjusted net earnings1,2 of $449.0 million, up 5.1% year-over-year, for a margin1 of 11.9%; Diluted EPS of $1.92, up 15.0% year-over-year; Adjusted diluted EPS1,2 of $1.97, up 7.7% year-over-year; Cash provided by operating activities of $646.4 million, representing 17.1% of revenue1; Bookings1 of $4.16 billion, for a book-to-bill ratio1 of 109.8% or 107.8% on a trailing twelve month basis; and Backlog1 of $29.76 billion or 2.0x annual reven

Stock Market Symbols GIB.A (TSX) GIB (NYSE) cgi.com/newsroom MONTRÉAL, Jan. 29, 2025 /PRNewswire/ - CGI (TSX: GIB.A) (NYSE: GIB) announced today that its Board of Directors has authorized the renewal of its Normal Course Issuer Bid ("NCIB"), subject to approval by the Toronto Stock Exchange (the "TSX"). CGI's management and Board of Directors believe that the purchase for cancellation of the Company's Class A subordinate voting shares ("Class A Shares") is a proper use of funds, and the NCIB will provide the flexibility to purchase Class A Shares from time to time as the Company considers it advisable, as part of its efforts to increase shareholder value.

CGI (GIB) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

Stock Market SymbolsGIB.A (TSX)GIB (NYSE) cgi.com/newsroom MONTRÉAL, Jan. 22, 2025 /PRNewswire/ - CGI (TSX: GIB.A) (NYSE: GIB) will host its Annual General Meeting of Shareholders (the "Meeting") and release its Fiscal 2025 first quarter results on Wednesday, January 29, 2025. The Meeting will be held at 11:00 a.m.

Ready for the inaugurations? Yes, with a plural.

Stock Market Symbols GIB.A (TSX) GIB (NYSE) cgi.com/newsroom MONTRÉAL, Jan. 16, 2025 /PRNewswire/ - CGI (TSX: GIB.A) (NYSE: GIB), one of the world's largest business and IT consulting firms, has been named a Leader in the IDC MarketScape: Worldwide Service Providers for Utilities Customer Operations*. The IDC MarketScape noted, "CGI has strong capabilities in the use cases evaluated in this vendor assessment regarding utilities' customer operations, with solid experience in utilities' business innovation.

Stifel analyst Suthan Sukumar is expanding the firm's Canada IT services coverage, but says that the firm continues to favor CGI as its top pick in IT services given the company's broad end-to-end capabilities as a global system integrator with a differentiated managed services/IP offering. After having surveyed 50 Canadian C-level/senior executives responsible for about $5B in annual IT spending across several industries, the firm reports that 30% of companies surveyed say they plan to accelerate IT spending into 2024 year-end and greater than 75% of companies expect to increase/sustain spend with IT services vendors. The firm has a Buy rating and C$180 price target on CGI shares.

Investors looking for stocks in the Computer - Services sector might want to consider either CACI International (CACI) or CGI Group (GIB). But which of these two companies is the best option for those looking for undervalued stocks?

CGI has a strong management team focused on M&A, cost efficiency, and diversified revenue streams, but I rate it a Hold, due to moderate growth potential. The company has proven it can improve its margins even during periods of revenue contraction. This shows strong management and leads me to consider the company a viable long-term holding. Given its valuation, I expect that its stock will only increase by 10% over the next 12 months. I find annual returns higher than this unlikely over the long term.