CGI wins a contract from the City of Montreal for a human resources and payroll project
March 23 2005 - 8:02AM
PR Newswire (US)
CGI wins a contract from the City of Montreal for a human resources
and payroll project MONTREAL, March 23 /PRNewswire-FirstCall/ --
Further to an open competitive process, the City of Montreal has
chosen CGI Group Inc. (CGI) (TSX: GIB.SV.A; NYSE: GIB) for a human
resources and payroll project valued at CDN$11 million for a two
and a half year business process and integration contract. Over
25,000 city employees will benefit from an integrated system that
will provide basic employee information and tracking mechanisms
including employee profiles, benefits, time management and
training. The first phase of this new Oracle- based technology
platform will be launched at the end of 2005. This initiative is
part of the City's "SIMON program" whereby systems from the new
Megacity will be amalgamated into one streamlined finance, human
resources and material resources system. Pierre Turcotte, senior
vice-president and general manager, Greater Montreal, CGI said: "We
are very pleased to have been selected for this cutting edge
initiative and to be working along side such highly skilled
professionals. Increasingly, organizations are seeking solid IT
partners in the areas of human resources and payroll enabling them
to access best-of-breed tools. We continue to build upon our
expertise in this growing sector." About CGI Founded in 1976, CGI
is among the largest independent information technology and
business process services firms in North America. CGI and its
affiliated companies employ approximately 25,000 professionals. CGI
provides end-to-end IT and business process services to clients
worldwide from offices in Canada, the United States, Europe, Asia
Pacific as well as from centers of excellence in India and Canada.
CGI's annualized revenue run rate is currently CDN$3.8 billion
(US$3.0 billion) and at December 31, 2004, CGI's order backlog was
CDN$13 billion (US$10.3 billion). CGI's shares are listed on the
TSX (GIB.SV.A) and the NYSE (GIB) and are included in the
S&P/TSX Composite Index as well as the S&P/TSX Capped
Information Technology and MidCap Indices. Website:
http://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. These statements
represent CGI Group Inc.'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. These factors include and are not
restricted to the timing and size of contracts, acquisitions and
other corporate developments; the ability to attract and retain
qualified employees; market competition in the rapidly- evolving
information technology industry; general economic and business
conditions, foreign exchange and other risks identified in the
Management's Discussion and Analysis (MD&A) in CGI Group Inc.'s
Annual Report or Form 40-F filed with the SEC, the Company's Annual
Information Form filed with the Canadian securities authorities, 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, which speak only as of the date
on which they are made. In particular, statements relating to
future revenue from outsourcing contracts are forward-looking
statements. CGI disclaims any intention or obligation to publicly
update or revise any forward-looking statements, whether as a
result of new information, future events or otherwise. Readers are
cautioned not to place undue reliance on these forward-looking
statements. DATASOURCE: CGI GROUP INC. CONTACT: CGI: Investor
relations: Jane Watson, vice-president, investor relations, (416)
945-3616; Ronald White, director, investor relations, (514)
841-3230; Media relations: Eileen Murphy, director, media
relations, (514) 841-3430; Archived images on this organization are
available through CNW Photo Archive at http://photos.newswire.ca/.
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