Latest news with #CGIInc
Yahoo
28-07-2025
- Business
- Yahoo
CGI, City of Rockville Partner for Cloud-Based ERP System Upgrade
CGI Inc. (NYSE:GIB) is one of the cheap Canadian stocks to buy now. On July 8, CGI announced the launch of an upgraded financial and administrative system for the City of Rockville, Maryland. The initiative involved transitioning Rockville's existing systems to the cloud-based CGI Advantage enterprise resource planning/ERP platform. The transition is part of an ongoing partnership between the City of Rockville and CGI. Future phases will introduce additional enhancements, such as vendor self-service and open enrollment. A CEO and a software engineer discussing a new project on a laptop at a modern office space. The upgraded CGI Advantage solution features a faster and more intuitive interface designed to improve the user experience for both remote and in-office employees. CGI Advantage is a unified ERP platform that combines modern technology with solutions specifically designed for government entities. CGI Inc. (NYSE:GIB) provides IT and business process services, which broadly include business & strategic IT consulting, systems integration, and software solutions. While we acknowledge the potential of GIB as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the . READ NEXT: and . Disclosure: None. This article is originally published at Insider Monkey. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
10-07-2025
- Business
- Yahoo
Best Stock to Buy Right Now: Open Text vs CGI?
Written by Karen Thomas, MSc, CFA at The Motley Fool Canada Technology and artificial intelligence (AI) companies are changing the world. In fact, AI is increasingly delivering cost savings and efficiencies far beyond what we could have imagined only a few years ago. Open Text Corp. (TSX:OTEX) and CGI Inc. (TSX:GIB.A) are both helping their clients harness the power of AI. But which is the best stock to buy right now? Without further ado, let's compare and contrast these two information technology companies. CGI's stock price performance over the last 20 years has been nothing short of amazing. As you can see from the price graph below, the stock has risen from $7.28 per share to the current $140.70 per share. Today, CGI's stock trades at 17 times this year's expected earnings, which are expected to grow by 9%. But this alone doesn't make CGI the best stock to buy right now. Let's dig deeper. With a long history that dates back to 1979, the IT consultancy remains well positioned to continue to capitalize on its scale and global presence. In its latest quarter, revenue increased 3.3% to $4 billion, while adjusted earnings per share (EPS) increased 7.6% to $2.12. These results were driven mainly by acquisitions. In terms of profitability, CGI posted a 15.4% return on capital. This was complemented by strong cash flow from operations of $438 million, or 11% of revenue. Also, strong margins in the quarter were evidence of efficient operational management. Finally, strong backlog of $31 billion, or twice the company's revenue, was evidence of strong demand and a bright future. Looking ahead, CGI's focus will be on AI and generative AI, cybersecurity, the cloud, and IT services. Clients are interested in digitization with an emphasis on using AI to garner more cost savings and efficiencies at a lower cost. Likewise, CGI's bottom line is also benefitting from the use of artificial intelligence in its operations. Open Text trades at a lower earnings multiple than CGI (11 times vs 17 times). And its stock price performance over the last 20 years is also very strong, just not as high as CGI's (+973% vs 1,830%). In its latest quarter, revenue declined 2.9% but free cash flow increased 7% to $374 million with a 30% free cash flow margin. The company has honed in on costs and efficiencies in order to increase the company's value. And we can expect this to continue. To do this, artificial intelligence strategies will be the focus. Like CGI, Open Text understands that the future of its business is in artificial intelligence. This means that the business AI, cloud, and technology developer will do everything with AI leading the way. For example, Open Text's AI Aviator is a suite of AI solutions embedded across Open Text platforms. It can take human tasks that require many screens and many days of work and reduce the time to minutes with the use of just one screen. The company expects this to usher in a new era of operational excellence. The benefits in terms of time, money, efficiency, and quality are significant. This has the potential to provide material cost savings as well as to improve the company's competitive advantage. Open Text has some positive catalysts (a big cost savings program) that should drive the stock higher in the short term – and it's cheaper. CGI is the best stock to buy right now however, because of its unmatched scale, expertise, diversification, and geographic reach. The post Best Stock to Buy Right Now: Open Text vs CGI? 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 $24,927.94!* 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 30 percentage points since 2013*. See the Top Stocks * Returns as of 6/23/25 More reading 10 Stocks Every Canadian Should Own in 2025 [PREMIUM PICKS] Market Volatility Toolkit Fool contributor Karen Thomas has no position in any of the stocks mentioned. The Motley Fool recommends CGI. The Motley Fool has a disclosure policy. 2025
The National
21-06-2025
- Business
- The National
Kate Forbes: The world is ignoring those who talk Scotland down
It's why we talk about a Team Scotland approach to economic growth – finding solutions, fixing problems and delivering results. The various moving parts of Team Scotland work together to attract, secure and support investment in exciting opportunities. With various public and private sector partners, Team Scotland works together to create momentum. Despite persistent global headwinds, recent data from EY highlighted Scotland's attractiveness to global investment, and comparatively greater resilience in the face of general economic turbulence. EY's data places Scotland firmly as the UK's top destination for foreign direct investment (FDI) outside of London – for the tenth year in a row – while Aberdeen, Edinburgh and Glasgow remain among the top six UK cities for FDI projects. Although the total number of new projects in Scotland fell 4.9% from record figures in 2023, that number is marginal compared to a drop of 13% in the rest of the UK, 14% in France and 17% in Germany. READ MORE: Scottish Government announces £23.5 million for active travel programmes Despite a slight dip in the total number of projects in 2024 (135 projects, down from a record 142 in 2023), Scotland's share of overall UK projects actually increased to 15.8% (from 14.4% in 2023). This shows Scotland's relative strength compared to broader declines in FDI across the UK and Europe. EY's survey of global investors found that a quarter of those planning to invest in the UK are targeting Scotland, maintaining the country's long-standing position in investors' eyes as the UK's preferred FDI destination outside of London. I recently visited the Glasgow offices of Canadian IT and business consulting services firm CGI Inc, which employs around 750 people across its Glasgow, Edinburgh, Borders and Aberdeen offices, and has nearly 100,000 employees globally. CGI Inc is one of the many thriving international businesses choosing to call Scotland home. The fascinating ZeroAvia, hailing from the US (and developing full hydrogen-electric aircraft engines), is another new resident, along with the Australian not-for-profit ticketing hub Humanitix, who recently opened an office in Edinburgh. 2025 is bringing further significant investment and exciting projects to Scotland. I realise some may be wondering why this is important, or what Scotland's leading place in FDI means. How does FDI benefit the people of Scotland? FDI plays a crucial role in Scotland's economy, contributing significantly to job creation, economic growth, innovation and exports. Quite simply, foreign-owned companies in Scotland, although representing a smaller percentage of all businesses, have a disproportionately large impact on the economy. READ MORE: Scottish Government launches new 'milestone' plan for disability equality These companies account for a substantial share of employment in Scotland, contributing significantly to job creation. These jobs often offer higher average wages than those in domestically owned businesses. Foreign-owned businesses contribute a disproportionately high percentage to Scotland's Gross Value Added (GVA), indicating that these companies possess high productivity and make an outsized economic impact. Inward investors have outstripped domestic businesses in investing in business research and development spending, which fosters innovation and technological advancement within the nation. These innovators also generate a large portion of the total business turnover in Scotland and become major drivers behind Scottish exports. FDI can bring new skills and management practices, which can 'spill over' and benefit domestic Scottish businesses through supply-chain opportunities, hiring and knowledge sharing. Geopolitical headwinds are clearly affecting investor confidence globally. Scotland's FDI resilience in the face of this crisis of confidence is an incredible endorsement of Scotland as a destination for global investment. Scotland's ability to maintain high project numbers and even increase its share of UK projects comes against a backdrop of a marked decline in FDI across Europe and the UK overall. READ MORE: Scottish Labour drop below Alba and Greens as by-election results called A huge amount of work, across both the private and public sectors, goes into securing these projects, which are vital for economic growth, job creation and bringing benefits across our towns and cities. It's a privilege to work with Team Scotland to secure these global opportunities, and the Scottish Government will continue to work with business partners to build our country's reputation as a world-class location for investment. In this digital and hyper-connected world, the continued pursuit of strategic inward investment will propel Scotland towards being a fairer and more prosperous nation. It's also a sign that investors from abroad don't listen to the relentless whingeing of the opposition in the Scottish Parliament about Scotland. Where the opposition see weakness, international allies see strengths.
The National
21-06-2025
- Business
- The National
The numbers prove the world is ignoring those who talk Scotland down
Despite persistent global headwinds, recent data from EY highlighted Scotland's attractiveness to global investment, and comparatively greater resilience in the face of general economic turbulence. EY's data places Scotland firmly as the UK's top destination for foreign direct investment (FDI) outside of London – for the tenth year in a row – while Aberdeen, Edinburgh and Glasgow remain among the top six UK cities for FDI projects. Although the total number of new projects in Scotland fell 4.9% from record figures in 2023, that number is marginal compared to a drop of 13% in the rest of the UK, 14% in France and 17% in Germany. READ MORE: Scottish Government announces £23.5 million for active travel programmes Despite a slight dip in the total number of projects in 2024 (135 projects, down from a record 142 in 2023), Scotland's share of overall UK projects actually increased to 15.8% (from 14.4% in 2023). This shows Scotland's relative strength compared to broader declines in FDI across the UK and Europe. EY's survey of global investors found that a quarter of those planning to invest in the UK are targeting Scotland, maintaining the country's long-standing position in investors' eyes as the UK's preferred FDI destination outside of London. I recently visited the Glasgow offices of Canadian IT and business consulting services firm CGI Inc, which employs around 750 people across its Glasgow, Edinburgh, Borders and Aberdeen offices, and has nearly 100,000 employees globally. CGI Inc is one of the many thriving international businesses choosing to call Scotland home. The fascinating ZeroAvia, hailing from the US (and developing full hydrogen-electric aircraft engines), is another new resident, along with the Australian not-for-profit ticketing hub Humanitix, who recently opened an office in Edinburgh. 2025 is bringing further significant investment and exciting projects to Scotland. I realise some may be wondering why this is important, or what Scotland's leading place in FDI means. How does FDI benefit the people of Scotland? FDI plays a crucial role in Scotland's economy, contributing significantly to job creation, economic growth, innovation and exports. Quite simply, foreign-owned companies in Scotland, although representing a smaller percentage of all businesses, have a disproportionately large impact on the economy. READ MORE: Scottish Government launches new 'milestone' plan for disability equality These companies account for a substantial share of employment in Scotland, contributing significantly to job creation. These jobs often offer higher average wages than those in domestically owned businesses. Foreign-owned businesses contribute a disproportionately high percentage to Scotland's Gross Value Added (GVA), indicating that these companies possess high productivity and make an outsized economic impact. Inward investors have outstripped domestic businesses in investing in business research and development spending, which fosters innovation and technological advancement within the nation. These innovators also generate a large portion of the total business turnover in Scotland and become major drivers behind Scottish exports. FDI can bring new skills and management practices, which can 'spill over' and benefit domestic Scottish businesses through supply-chain opportunities, hiring and knowledge sharing. Geopolitical headwinds are clearly affecting investor confidence globally. Scotland's FDI resilience in the face of this crisis of confidence is an incredible endorsement of Scotland as a destination for global investment. Scotland's ability to maintain high project numbers and even increase its share of UK projects comes against a backdrop of a marked decline in FDI across Europe and the UK overall. READ MORE: Scottish Labour drop below Alba and Greens as by-election results called A huge amount of work, across both the private and public sectors, goes into securing these projects, which are vital for economic growth, job creation and bringing benefits across our towns and cities. It's a privilege to work with Team Scotland to secure these global opportunities, and the Scottish Government will continue to work with business partners to build our country's reputation as a world-class location for investment. In this digital and hyper-connected world, the continued pursuit of strategic inward investment will propel Scotland towards being a fairer and more prosperous nation. It's also a sign that investors from abroad don't listen to the relentless whingeing of the opposition in the Scottish Parliament about Scotland. Where the opposition see weakness, international allies see strengths.
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)
