05:19:50 EDT Fri 17 May 2024
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or Name
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CGI Inc
Symbol GIB
Shares Issued 209,038,234
Close 2023-09-26 C$ 134.38
Market Cap C$ 28,090,557,885
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CGI wins 10-year service contract with U.S. Courts

2023-09-27 14:05 ET - News Release

Mr. Clay Goldwein reports

CGI FEDERAL TO PROVIDE FINANCIAL MANAGEMENT SOLUTIONS & SERVICES UNDER A 10-YEAR CONTRACT WITH U.S. COURTS

The Administrative Office of the U.S. Courts (AOUSC) has awarded CGI Federal Inc., the wholly owned U.S. operating subsidiary of CGI Inc., a 10-year indefinite-delivery, indefinite-quantity (IDIQ) contract. Under this new IDIQ contract vehicle, CGI expects to provide AOUSC with strategic consulting, advisory, application operations and management, and hosting and support services for the judiciary's financial management and acquisitions processes powered by CGI's Momentum solution. An initial task order for operations and maintenance, service desk support, and training services has been issued for a one-year base period and nine one-year options. The total task order value if all options are exercised is $143.5-million.

"IT [information technology] modernization requires business agility to meet evolving demands. CGI provides a flexible, holistic approach that enables digital transformation," said Clay Goldwein, senior vice-president and national security and justice business unit lead at CGI.

Specifically designed for government agencies, CGI's Momentum provides seamless transformational contracting and financial management capabilities with increased automation and data capabilities. Bringing over 100 federal organizations insights they can act on, this robust platform has a dedicated team of professionals with deep-domain expertise across financials, acquisitions, budget and asset management collaborating with experts in management consulting and technology. Delivering mission-oriented solutions and commercial best practices to complex problems, CGI works closely with federal agencies to transform existing operations and maximize performance and efficiency with lasting changes.

"In enhancing financial transparency, accountability and performance, CGI's Momentum software improves operational efficiency and the user experience to further the stewardship of taxpayer dollars for the judicial branch," added Brian Becker, CGI vice-president and sector lead, U.S. federal judiciary and legislative branch.

About CGI Federal Inc.

CGI Federal, a wholly owned U.S. operating subsidiary of CGI, is dedicated to partnering with federal agencies to provide solutions for defence, civilian, health care, intelligence and international affairs missions. Founded in 1976, CGI is among the largest IT and business consulting services firms in the world. With 91,500 consultants and other professionals across the globe, CGI delivers an end-to-end portfolio of capabilities, from strategic IT and business consulting to systems integration, managed IT and business process services, and intellectual property solutions. CGI works with clients through a local relationship model complemented by a global delivery network that helps clients digitally transform their organizations and accelerate results. With fiscal 2022 reported revenue of $12.87-billion, CGI's shares are listed on the Toronto Stock Exchange (GIB.A) and the New York Stock Exchange (GIB).

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