16:55:41 EDT Thu 30 Mar 2023
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Canadian General Investments Ltd
Symbol CGI
Shares Issued 20,861,141
Close 2023-02-06 C$ 34.02
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Globe lauds founder Godin's success with CGI

2023-02-07 09:14 ET - In the News

The Globe and Mail reports in its Tuesday edition that CGI is a classic example of one man's dream growing from modest beginnings to a global giant. The Globe's guest columnist Gordon Pape writes that CGI was started by Serge Godin in Quebec City in 1976. He was 27 years old at the time, and CGI only had two employees. Today, CGI is one of the world's largest information technology and business consulting firms. Mr. Godin remains the controlling shareholder, is an Officer of the Order of Canada and was inducted into the Canadian Business Hall of Fame in 2008. CGI's approach has been to help clients achieve success, offer fulfilling career opportunities for employees and provide long-term growth for shareholders. CGI makes at least one major acquisition every year. Revenue in the 2022 fiscal year was $12.87-billion. The company now employs 90,000 people worldwide. CGI is still growing. First quarter results for the 2023 fiscal year were released on Feb. 1, and they beat estimates. Revenue was $3.45-billion, up 12.3 per cent on a constant-currency basis over the year before. Net earnings were $382.4-million ($1.60 per diluted share). On a per share basis, that was up 7.4 per cent over the same period of fiscal 2022.

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