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CGI Inc
Symbol GIB
Shares Issued 203,656,824
Close 2024-10-01 C$ 154.27
Market Cap C$ 31,418,138,238
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CGI wins 10-year, $2B (U.S.) cloud contract with U.S.

2024-10-02 09:22 ET - News Release

Mr. Vishal Ranjan reports

CGI SELECTED FOR THE U.S. DEPARTMENT OF THE INTERIOR'S CLOUD INTEGRATION SERVICES UNDER $2B INDEFINITE-DELIVERY, INDEFINITE-QUANTITY (IDIQ) CONTRACT

CGI Federal Inc., the wholly owned U.S. operating subsidiary of CGI Inc., has been awarded a position on the Foundation Cloud Hosting Services II (FCHS2) 10-year, $2-billion (U.S.) indefinite-delivery/indefinite-quantity (IDIQ) contract by the U.S. Department of the Interior. Under this agreement, CGI offers a comprehensive range of cloud services and solutions in support of critical modernization needs.

"CGI is a global, world-class end-to-end IT [information technology] and business consulting services leader, partnering with clients globally to effectively accomplish their mission objectives," said Jay Hadley, CGI senior vice-president, regulatory agencies programs business unit. "This award positions CGI to continue as an adviser and partner of choice in cloud services, which can accelerate modernization initiatives. As a strategic collaborator, we help clients accelerate and future-proof toward more adaptive, resilient and sustainable operations."

CGI and its partners bring unique technologies, platforms and products to critical public missions. CGI leverages its specialized software-as-a-service (SaaS) offerings, thought leadership in cloud IT strategies and cybersecurity consulting to provide meaningful outcomes to the unique needs of the company's federal clients across agencies. CGI Federal was recently named a Leader in the IDC MarketScape: U.S. Federal Government Cloud Professional Services 2024 Vendor Assessment (document No. US49996223; April, 2024).

"CGI's services focus on reducing risk and procurement timelines by supplying tailored digital solutions that meet the diverse requirements of federal clients," said Vishal Ranjan, CGI vice-president, consulting services and a sector lead in the regulatory agencies programs business unit. "Our deep understanding of the technologies and federal technology architecture is one of the reasons why CGI has been the top provider by volume of cloud services to the federal government since its first foundation cloud hosting services IDIQ award in 2014."

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, justice, intelligence and international affairs missions. Founded in 1976, CGI is among the largest independent IT and business consulting services firms in the world. With 90,000 consultants and 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. CGI's fiscal 2023 reported revenue is $14.3-billion and CGI's shares are listed on the Toronto Stock Exchange (GIB.A) and the New York Stock Exchange (GIB).

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