CGI Announces $1.1 Billion in New North American Financial Services Contracts
December 15 2009 - 8:30AM
PR Newswire (US)
Stock Market Symbols GIB.A (TSX) GIB (NYSE) MONTREAL, Dec. 15
/PRNewswire-FirstCall/ -- CGI Group Inc. (TSX: GIB.A; NYSE: GIB), a
leading provider of information technology and business processing
services, announced today that it has signed new contracts and
renewals with North American financial institutions totaling $1.1
billion during its fiscal 2010 first quarter (October-December).
Services provided under these new deals include systems
integration, application maintenance, IP-based solutions as well as
long term, multi-year managed services contracts. "We are pleased
that financial services leaders continue to rely on CGI to provide
them with increased competitive advantage by leveraging our
comprehensive services and solutions," said Michael E. Roach,
President and Chief Executive Officer, CGI. "Financial Services
continues to be a key growth vertical for CGI and these bookings
further build on the strength experienced during fiscal 2009." For
over 30 years, CGI has provided IT and business process services to
financial institutions around the world including 24 of the top 25
banks in the Americas and 17 of the top 25 European banks. CGI
banking-focused solutions include core banking, wealth management,
trade finance, business intelligence/data warehousing and customer
relationship management. 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 have approximately 26,000 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 North America,
Europe and India. As at September 30, 2009, CGI's fiscal 2009
revenue was $3.8 billion and our order backlog was $10.9 billion.
CGI shares are listed on the TSX (GIB.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,
and are "forward-looking information" within the meaning of
sections 138.3 and following of the Ontario Securities Act, as
amended. These statements and this information represent CGI Group
Inc.'s ("CGI") 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
and 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 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's Annual Report on Form 40-F filed with the U.S. Securities
and Exchange Commission (filed on EDGAR at http://www.sec.gov/),
and in CGI's annual and quarterly MD&A and Annual Information
Form filed with the Canadian securities authorities (filed on SEDAR
at http://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. DATASOURCE: CGI GROUP INC. CONTACT: Lorne Gorber,
Vice-President, Global Communications and Investor Relations, (514)
841-3355,
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