Friday, CGI Group Inc. (GIB, GIB.A.TO) announced that it received new contracts along with the extension of old contracts worth more than C$250 million from Canada's federal and provincial governments in its second quarter,
The Montreal, Canada-based provider of independent information technology and business process services said that the new contracts and contract extensions originated from federal agencies and the provincial governments of British Columbia, Alberta, Saskatchewan, Manitoba, Ontario, Quebec, Nova Scotia and New Brunswick.
Commenting on the contract CGI's President and Chief Executive Officer, Michael Roach said, "We are pleased to be viewed as a trusted partner to all levels of government across Canada. These awards further validate the relevance of our capabilities and solutions to help governments meet their objectives in these challenging economic times."
Earlier on March 25, CGI obtained a 10-year, C$182 million, outsourcing services contract, which, the company said, will enlarge the present infrastructure services outsourcing deal by seven years, and will see 78 Foresters IT employees transition to CGI.
As per the terms of the contract, CGI will deliver IT application maintenance and development services from its centers in Toronto, Halifax and Bangalore while IT infrastructure services including data center mainframe, voice communications, IT help desk and distributed computing services will be delivered from its centers in Ontario.
GIB is currently trading at US$8.44, up US$0.12 or 1.44%on the NYSE.
GIB-A.TO is currently trading at C$10.44, up C$0.18 or 1.75%. on the Toronto Stock Exchange.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.