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GIB News
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CGI Announces Strategic Partnership with AgVantis
CGI announced a long-term strategic partnership with AgVantis, a technology and business services provider serving members and partners of the U.S. Farm Credit System. Building on an established relationship, the partnership brings together AgVantis' agricultural industry expertise with CGI's global technology and consulting capabilities to help Farm Credit institutions modernize operations, accelerate digital innovation and better serve agricultural lenders and rural communities. The partnership supports AgVantis' transition from a large-scale technology transformation program to a sustainable operating model that fosters long-term growth. CGI will provide technology services spanning cloud, application development, data and analytics and AI-ready data platforms to support AgVantis' long-term technology strategy, expanding its technology capabilities while continuing to focus on the evolving needs of farmers, ranchers and agribusiness leaders who rely on the Farm Credit System
CGI Reports Q3 Revenue of C$4.19B
Reports Q3 revenue C$4.19B, consensus C$4.18B. Reports bookings of C$4.2B, for a book-to-bill ratio of 100.1% or 108.1% on a trailing twelve month basis. Reports backlog of C$31.79B or 1.9x annual revenue. "CGI's results in the quarter continue to reflect our positioning to meet client demand, as well as our operational excellence-both of which contributed to revenue growth, EPS accretion, and strong cash generation," said Tim Hurlebaus, President and Chief Executive Officer. "Strong government sector awards contributed to a 108% book-to-bill over the past year, up 7% year-over-year. Combined with a robust backlog of contracted engagements and a rising opportunity pipeline, we remain positioned to continue the profitable growth momentum we realized in the quarter."
CGI to Support City of Munich's Digital Government Services
CGI will support the City of Munich in advancing its digital government services, improving administrative efficiency, and strengthening technological sovereignty. The city selected CGI in its latest call for proposals.
CGI Successfully Launches Mosaic, Massachusetts' New Financial Management System
CGI announced the successful launch of Mosaic, the Commonwealth of Massachusetts' new cloud-based statewide financial management system, delivered as part of the Massachusetts Business Enterprise Systems Transformation Program. Built on CGI Advantage, Mosaic modernizes the Commonwealth's financial operations and delivers a secure, scalable platform to support the future of enterprise financial management.
CGI Supports ESA's Phi-Sat-2 Mission
CGI is supporting the European Space Agency's Phi-Sat-2 mission, with its Insula platform serving as a key enabler of artificial intelligence-driven advancements in Earth observation. Developed by CGI's team in Italy, Insula processes and harmonizes large volumes of satellite data, enabling advanced analytics such as trend detection, anomaly monitoring and predictive modelling. For the Phi-Sat-2 mission, the platform provides calibrated and geolocated datasets to scientific communities and AI application providers.
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