Latest news with #CGIInc
Hamilton Spectator
30-04-2025
- Business
- Hamilton Spectator
CGI reports second-quarter profit up from a year ago
MONTREAL - CGI Inc. reported its second-quarter profit rose compared with a year ago as its revenue also climbed higher. The business and technology consulting firm says it earned $429.7 million or $1.89 per diluted share for the quarter ended March 31. The result compared with a profit $426.9 million or $1.83 per diluted share in the same quarter last year. Revenue for the quarter totalled $4.02 billion, up from $3.74 billion a year earlier. On an adjusted basis, CGI says it earned $2.12 per diluted share in its latest quarter, up from an adjusted profit of $1.97 per diluted share a year earlier. Bookings for the quarter totalled $4.48 billion, while the company's backlog stood at $30.99 billion at the end of the quarter. This report by The Canadian Press was first published April 30, 2025. Companies in this story: (TSX:GIB.A)
Winnipeg Free Press
30-04-2025
- Business
- Winnipeg Free Press
CGI reports second-quarter profit up from a year ago
MONTREAL – CGI Inc. reported its second-quarter profit rose compared with a year ago as its revenue also climbed higher. The business and technology consulting firm says it earned $429.7 million or $1.89 per diluted share for the quarter ended March 31. The result compared with a profit $426.9 million or $1.83 per diluted share in the same quarter last year. Revenue for the quarter totalled $4.02 billion, up from $3.74 billion a year earlier. On an adjusted basis, CGI says it earned $2.12 per diluted share in its latest quarter, up from an adjusted profit of $1.97 per diluted share a year earlier. Bookings for the quarter totalled $4.48 billion, while the company's backlog stood at $30.99 billion at the end of the quarter. During Elections Get campaign news, insight, analysis and commentary delivered to your inbox during Canada's 2025 election. This report by The Canadian Press was first published April 30, 2025. Companies in this story: (TSX:GIB.A)
Yahoo
31-03-2025
- Business
- Yahoo
Is CGI Inc. (GIB) the Most Oversold Large Cap Stock to Invest in Now?
We recently published a list of . In this article, we are going to take a look at where CGI Inc. (NYSE:GIB) stands against other most oversold large cap stocks to invest in now. Wall Street is being impacted by the uncertainty surrounding the tariff news. The broader has dropped a lot since Trump took office on January 20, and investors are mostly worried about tariffs because they think they could hurt economic growth and cause inflation. Investors think trade policies can reduce consumer confidence and restrict businesses' ability to invest capital, while Trump believes tariffs can boost national revenue, promote broad-based growth, and be used as a negotiation weapon with other nations. According to Franklin Templeton, the Magnificent Seven's supremacy in AI has allowed US stocks to generate significant returns over the last few years, with the broader market frequently hitting all-time highs. The outlook for the market as a whole is favorable, notwithstanding high valuations. Sales growth has been accelerating, innovation and investment are still happening at a rapid pace, and this year's earnings are predicted to increase by double digits. Additionally, the administration of the US economy is more business-friendly. However, there are concerns, primarily associated with US trade policy and the anticipated effects of tariffs on important industries, such as technology. Franklin Templeton thinks that despite these risks, investor confidence in US stocks should continue to be high. The new administration's policy reforms are anticipated to finally produce long-term benefits for the larger US economy, notwithstanding the possibility of increased dangers. Franklin Templeton also stated that although the Mag 7 stocks are positioned for long-term success, market leadership is anticipated to expand as and when innovation accelerates. According to the investment firm, active management is crucial. The transition from AI platforms to infrastructure is still in progress. Consequently, it is anticipated that the success of investments will depend on the ability to select the appropriate companies at the right time—those that have the technology, strategy, and flexibility to continue and sustain long-term growth. Thanks to innovation and investment, US stocks—mostly large-cap stocks—have been doing well. Notably, the Dow index has increased by more than 4.5% in the last six months. The investment business sees expanding chances beyond such market leaders, even though the Mag 7 stocks still sustain the market momentum. The competitive landscape is still dynamic and has been generating new development sectors as a result of the ongoing AI-driven cycle. For our methodology, we screened for stocks with a market capitalization exceeding $10 billion and a relative strength index (RSI) below 40. We then ranked these stocks based on the lowest RSI as of March 23, 2025. An RSI below 40 suggests that the stock is oversold. At Insider Monkey, we are obsessed with hedge funds. Why are we interested in the stocks that hedge funds pile into? The reason is simple: our research has shown that we can outperform the market by imitating the top stock picks of the best hedge funds. Our quarterly newsletter's strategy selects 14 small-cap and large-cap stocks every quarter and has returned 373.4% since May 2014, beating its benchmark by 218 percentage points (see more details here). A software developer testing an application on a mobile device. Relative Strength Index: 28.77 CGI Inc. (NYSE:GIB) is a global IT and business consulting firm based in Montreal, Canada, helping organizations improve efficiency through IT solutions. It offers consulting, systems integration, and managed IT services, working with clients across industries like government, banking, healthcare, and manufacturing. CGI Inc. (NYSE:GIB) delivered strong first-quarter results for the fiscal year 2025 and showed steady growth and operational efficiency. Its revenue rose 5.1% year-over-year to C$3.8 billion, with notable growth in the U.S. Federal sector (14%), Canada (5.9%), and the Asia-Pacific region (5.2%). Its bookings reached C$4.2 billion, resulting in a solid book-to-bill ratio of 110%, which reflected strong demand for CGI's services. The company's profitability also improved, with earnings before income taxes reaching C$592 million, a margin of 15.6%, up 100 basis points from last year. The adjusted EBIT margin stood at 16.2%, while diluted EPS climbed 15% to C$1.92. The company generated C$646 million in cash from operations, representing 17.1% of total revenue, and approved a quarterly dividend of C$0.15 per share. Notably, CGI Inc. (NYSE:GIB) was among the most oversold stocks recently, reflecting market fluctuations despite its strong financial performance. CGI Inc. (NYSE:GIB)'s growth was fueled by strong performance in North America, particularly in government and financial services. Cost optimization efforts contributed to higher profitability, while the company's long-term strategy of strategic acquisitions and high-value services continued to drive success. CGI Inc. (NYSE:GIB) also acquired BJSS recently, a major IT and software engineering consultancy in the U.K., expanding its capabilities in key commercial industries, which further strengthened its position. The company has also earned endorsements from analysts recognizing its expertise in AI, data modernization, cloud, and cybersecurity, reinforcing its reputation as a leader in the IT services industry. Overall, GIB ranks 11th on our list of most oversold large cap stocks to invest in now. While we acknowledge the potential of GIB, our conviction lies in the belief that AI stocks hold greater promise for delivering higher returns, and doing so within a shorter timeframe. If you are looking for an AI stock that is more promising than GIB but that trades at less than 5 times its earnings, check out our report about the cheapest AI stock. READ NEXT: and . Disclosure: None. This article is originally published at .
Yahoo
29-03-2025
- Business
- Yahoo
CGI Inc. (GIB): Expanding AI Capabilities with Momentum Technologies Acquisition
We recently published a list of . In this article, we are going to take a look at where CGI Inc. (NYSE:GIB) stands against other top AI news updates investors probably missed. Artificial intelligence (AI) has been termed humanity's most significant invention in recent years. Others have argued that AI has the potential to enrich consumers' lives through new channels for self-expression and creativity. The best part is that this is not wishful thinking; big things are already happening. In fact, some believe the world is on the cusp of an AI technology that can reason and act at the same level as humans. According to Nathan Myhrvold, former Microsoft CTO and current CEO of Intellectual Ventures, humanity is less than five miracles away from creating AI with human-like cognitive abilities. 'We'll get there eventually… Two years ago, nobody would have predicted how far we've come today,' he said. But before AI can match or even surpass human intelligence, the technology is already showing great promise in various applications. For instance, one of Africa's wealthiest individuals is tapping the tech to build the continent's first AI factory. According to a Bloomberg report, Strive Masiyiwa's company will provide the infrastructure for African businesses, researchers, and startups to 'turn their bold ideas into real-world breakthroughs, and now they don't have to look beyond Africa to get it.' Across the Indian Ocean to Asia, AI is revolutionizing agriculture in China. Recent reports suggest that the government has initiated the development of an AI platform to support intelligent agricultural machines. Regional authorities have released a policy draft that outlines measures to encourage R&D in AI-based agricultural tools. This includes setting up innovation hubs to provide services like R&D, testing, exhibitions, and access to AI resources. The AI platform will assist companies in data verification, AI model implementation, and enhancing human-machine interaction. India, too, is keen on leveraging the AI wave. The country is working on an indigenous AI chip that should be ready in three years. This massive undertaking is under the purview of the Ministry of Electronics and Information Technology (MeitY). The objective is to reduce reliance on foreign semiconductor technology and strengthen India's position in the global AI ecosystem. Many other countries in North America and Europe have similar projects already underway or at the deliberation stage. The most exciting part of these developments is that the private sector is at the center of the revolution. Most, if not all, of these AI-focused projects may be government initiatives but it is the private sector that is doing the heavy lifting. To create this list, we reviewed the latest AI-focused news reports, press releases, and stock analysis. We have also mentioned the hedge fund sentiment around each stock, as of Q4 2024. Why are we interested in the stocks that hedge funds pile into? The reason is simple: our research has shown that we can outperform the market by imitating the top stock picks of the best hedge funds. Our quarterly newsletter's strategy selects 14 small-cap and large-cap stocks every quarter and has returned 373.4% since May 2014, beating its benchmark by 218 percentage points (). A software developer testing an application on a mobile device. Number of Hedge Fund Holders: 16 CGI Inc. (NYSE:GIB) provides information technology (IT) and business process services. Its services include business and strategic IT consulting, systems integration, and software solutions. On March 26, the company moved to enhance its ability to serve clients with a broader range of artificial intelligence capabilities with the acquisition of Momentum Technologies. Headquartered in Québec City, Momentum Technologies is an IT consulting services company that offers data analytics and business intelligence solutions. It also provides innovative solutions designed to drive digital transformation and operational efficiencies for businesses across various industries. 'This is also a natural evolution of our historically strong collaborations with Momentum Technologies over the years. By blending our expertise, we are enhancing our ability to serve our clients with an even broader range of AI capabilities to provide deeper insights and stronger analytics that enable clients to drive smarter decision-making,' says Jalil El Mejjad, Senior Vice-President, Québec City, CGI. Overall, GIB ranks 8th on our list of top AI news updates investors probably missed. While we acknowledge the potential of GIB as an investment, our conviction lies in the belief that AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than GIB but that trades at less than 5 times its earnings, check out our report about the . READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires. Disclosure: None. This article is originally published at Insider Monkey.
Yahoo
22-03-2025
- Business
- Yahoo
Market Volatility? A Canadian Investor's Guide to Turning Uncertainty Into Profit
Written by Kay Ng at The Motley Fool Canada Market volatility is an inevitable part of investing. Whether driven by economic shifts, geopolitical tensions, or other uncertainties, it can be unsettling for investors. Recently, the U.S.-Canada trade tensions and other global events have heightened volatility, leaving many wondering how to navigate these unpredictable waters. For Canadian investors, market volatility presents an opportunity to turn uncertainty into profit — if approached with the right strategy. Here's how to leverage market swings to your advantage. One of the best ways to capitalize on market volatility is to identify businesses that are less sensitive to the factors driving the uncertainty. Solid companies with strong fundamentals are often the most well-positioned to weather the storm. Rather than trying to time the market, investors can look for opportunities to buy partial positions in high-quality companies when the stock price dips. Take CGI Inc. (TSX:GIB.A), for example. As one of Canada's largest IT and business consulting firms, CGI offers a diversified and stable revenue stream, supported by long-term contracts with government and corporate clients. The company's strong cash flow, paired with its ability to grow through strategic acquisitions and organic expansion, makes it a prime candidate for long-term investors. With about 12 consecutive years of dividend increases and a solid 7.6% dividend growth rate over the last decade, CGI offers both capital appreciation and growing income generation – traits that are crucial in volatile markets. Market pullbacks often create opportunities to purchase quality stocks at discounted prices. For example, CGI stock recently declined by 19% from its 52-week high, but it has still delivered an average annual return of about 10% over the last decade, outperforming the Canadian stock market's 8.8% return during that period. When buying during these dips, investors have the chance to lock in attractive valuations. At $141.32 per share at the time of writing, CGI is trading at a blended price-to-earnings (P/E) ratio of about 17.7. This is a reasonable valuation compared to its historical levels, and analysts believe the stock is trading at a 21% discount, with nearly 27% near-term upside potential. In fact, history shows that market corrections can bring high-quality stocks like CGI to more compelling valuations. During the 2020 market crash, CGI's stock fell by approximately 38%, but its earnings only dipped slightly — demonstrating its resilience even in the toughest of times. While individual stock picking can offer great rewards, it's important for investors to maintain a diversified portfolio to manage risk. This includes a mix of stocks, bonds, and other asset classes. A diversified portfolio, populated with solid businesses across various industries and sectors, is better equipped to withstand the shake-ups that come with market volatility. Moreover, sectors tend to perform differently at various times, so diversification ensures that even if one industry is hit hard, other sectors can help balance the portfolio's performance. By maintaining exposure to a range of high-quality companies across different industries, you can reduce the overall risk in your portfolio while taking advantage of opportunities when markets correct. Volatile markets are not a reason to panic but an opportunity to build wealth over the long term. By focusing on resilient companies like CGI, capitalizing on dips, and maintaining a diversified portfolio, Canadian investors can turn market uncertainty into profit. The key is patience, strategy, and the ability to identify quality businesses that can thrive in the long run. The post Market Volatility? A Canadian Investor's Guide to Turning Uncertainty Into Profit appeared first on The Motley Fool Canada. Before you buy stock in CGI Group, consider this: The Motley Fool Stock Advisor Canada analyst team just identified what they believe are the Top Stocks for 2025 and Beyond for investors to buy now… and CGI Group wasn't one of them. The Top Stocks that made the cut could potentially produce monster returns in the coming years. Consider MercadoLibre, which we first recommended on January 8, 2014 ... if you invested $1,000 in the 'eBay of Latin America' at the time of our recommendation, you'd have $20,697.16!* Stock Advisor Canada provides investors with an easy-to-follow blueprint for success, including guidance on building a portfolio, regular updates from analysts, and two new stock picks each month – one from Canada and one from the U.S. The Stock Advisor Canada service has outperformed the return of S&P/TSX Composite Index by 29 percentage points since 2013*. See the Top Stocks * Returns as of 3/20/25 More reading Best Canadian Stocks to Buy in 2025 Here's Exactly How $15,000 in a TFSA Could Grow Into $200,000 4 Secrets of TFSA Millionaires Beginner Investors: 4 Top Canadian Stocks to Buy for 2025 5 Years From Now, You'll Probably Wish You Grabbed These Stocks Subscribe to Motley Fool Canada on YouTube Fool contributor Kay Ng has no position in any of the stocks mentioned. The Motley Fool recommends CGI. The Motley Fool has a disclosure policy. 2025
