CGI Renews and Expands its IT Outsourcing Contract with Bombardier Aerospace
October 05 2010 - 8:30AM
PR Newswire (Canada)
MONTREAL, Oct. 5 /CNW/ -- Stock Market Symbols GIB.A (TSX) GIB
(NYSE) www.cgi.com/newsroom MONTREAL, Oct. 5 /CNW Telbec/ - CGI
Group Inc. (TSX: GIB.A; NYSE: GIB), a leading provider of
information technology (IT) and business process services, and
Bombardier Aerospace, today announced the signing of a renewed and
expanded IT outsourcing contract. The five-year contract is valued
at approximately US$160 million. CGI will be responsible for
delivering various types of IT infrastructure services to
Bombardier Aerospace, including end-user device support, service
desk, telephony and local area network. CGI is also responsible for
Canadian legacy application support. "Our global delivery model
will enable us to deliver uniform and optimized services in
Bombardier's offices in several countries and help them achieve
their specific business objectives," said Doug McCuaig, President,
Canada, CGI. We look forward to continuing to provide Bombardier
with the solutions and services that enable them to thrive in the
global marketplace." "CGI and Bombardier are longstanding
partners," said Jean Pierre Bourbonnais, Vice President Information
Technologies and Chief Information Officer, Bombardier Aerospace.
"CGI's focus on quality, reliability and flexibility will allow us
to rapidly adjust our IT capability to serve our clients
worldwide." About CGI Founded in 1976, CGI Group Inc. is one of the
largest independent information technology and business process
services firms in the world. CGI and its affiliated companies
employ approximately 31,000 professionals. CGI provides end-to-end
IT and business process services to clients worldwide from offices
and centers of excellence in Canada, the United States, Europe and
Asia Pacific. CGI's order backlog is approximately C$13.6 billion
and its annualized revenue is approximately C$4.5 billion. CGI
shares are listed on the TSX (GIB.A) and the NYSE (GIB) and are
included in both, the Dow Jones Sustainability Index and the
FTSE4Good Index. Website: www.cgi.com. Forward- Looking Statements
All statements in this press release that do not directly and
exclusively relate to historical facts constitute "forward-looking
statements" within the meaning of that term in Section 27A of the
United States Securities Act of 1933, as amended, and Section 21E
of the United States Securities Exchange Act of 1934, as amended,
and are "forward-looking information" within the meaning of
Canadian securities laws. These statements and this information
represent CGI's intentions, plans, expectations and beliefs, and
are subject to risks, uncertainties and other factors, of which
many are beyond the control of the Company. These factors could
cause actual results to differ materially from such forward-looking
statements or forward-looking information. These factors include
but are not restricted to: the timing and size of new contracts;
acquisitions and other corporate developments; the ability to
attract and retain qualified members; market competition in the
rapidly evolving IT industry; general economic and business
conditions; foreign exchange and other risks identified in the
press release, in CGI's Annual Report on Form 40-F filed with the
U.S. Securities and Exchange Commission (filed on EDGAR at
www.sec.gov), the Company's Annual Information Form filed with the
Canadian securities authorities (filed on SEDAR at www.sedar.com),
as well as assumptions regarding the foregoing. The words
"believe," "estimate," "expect," "intend," "anticipate," "foresee,"
"plan," and similar expressions and variations thereof, identify
certain of such forward-looking statements or forward-looking
information, which speak only as of the date on which they are
made. In particular, statements relating to future performance are
forward-looking statements and forward-looking information. CGI
disclaims any intention or obligation to publicly update or revise
any forward-looking statements or forward-looking information,
whether as a result of new information, future events or otherwise,
except as required by applicable law. Readers are cautioned not to
place undue reliance on these forward-looking statements or on this
forward-looking information. You will find more information about
the risks that could cause our actual results to differ
significantly from our current expectations in the Risks and
Uncertainties section. Lorne Gorber, Vice-President, Global
Communications and Investor Relations, 514 841-3355,
lorne.gorber@cgi.com
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