CGI Inc (TSX:GIB.A) News and Share Price

CGI Inc, which is said to stand for Consultants to Government and Industry, is a multinational firm that provides information technology (IT), system integration, business consulting and processing services.

Entrepreneurs Serge Godin and André Imbeau co-founded the company in June 1976.

The Montreal-based firm has nine operating segments:
• Western and Southern Europe: France, Portugal and Belgium
• Canada
• Scandinavia: Denmark, Sweden and Norway
• US Commercial and State Government
• UK and Australia
• US Federal
• Central and Eastern Europe: Netherlands and Germany
• Finland, Poland and Baltics
• Asia Pacific Global Delivery Centers of Excellence: the Philippines and India

In 2020, the company created two new segments, namely Finland, Poland and Baltics and Scandinavia, which were earlier grouped under Northern Europe in 2019.

The IT services provider went public in year 1986 and it presently trades under the ticker symbol of ‘GIB.A’ on the Toronto Stock Exchange (TSX).

The Montreal-based company initially focused on products and services related to IT consultancy. However, with expansion and growth over the years, CGI now provides a wide range of services, including IT outsourcing, software development, and system integration.

The company, earlier known as CGI Group, claims to be a sector-leading IT services provider.

CGI Inc provides end-to-end technology services, including managed IT, cross-industry IP solutions, deep-industry expertise, consulting, technology infrastructure management, etc.

The IT firm also operates in hybrid cloud computing, analytics, cybersecurity, and intelligent automation.

CGI Inc caters to a multitude of sectors like financial companies, communication and utilities, transportation and logistics, health, manufacturing, retail and distribution, and government.

The company reportedly generates most of its revenue from the United States.

CGI Inc is listed on the New York Stock Exchange and trades under the symbol 'GIB'. It is included in the Canadian component of S&P/TSX 60 Component.

It reportedly was included in the Forbes Global 2000 ranking for 2021.