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    GIB.A   CA12532H1047

CGI INC.

(GIB.A)
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CGI Acquires Cognicase Management Consulting

10/20/2021 | 04:53am EST

By Adriano Marchese

CGI Inc. said Wednesday that it is acquiring technology and management consulting services company Cognicase Management Consulting for an undisclosed sum.

The Canadian IT and business consulting services firm said the acquisition will deepen its footprint in Spain, CMC's main market, and strengthen CGI's client-proximity model.

Outside of Spain, CMC also serves clients in Italy, Portugal, Colombia and Mexico, it said.

"CMC's proven industry expertise and solutions complement CGI's end-to-end services, ranging from comprehensive consulting capabilities to systems integration and managed IT services," the company said.

Write to Adriano Marchese at adriano.marchese@wsj.com

(END) Dow Jones Newswires

10-20-21 0653ET

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Analyst Recommendations on CGI INC.
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Financials
Sales 2022 12 626 M 9 986 M 9 986 M
Net income 2022 1 435 M 1 135 M 1 135 M
Net Debt 2022 1 657 M 1 311 M 1 311 M
P/E ratio 2022 18,6x
Yield 2022 -
Capitalization 26 698 M 21 106 M 21 115 M
EV / Sales 2022 2,25x
EV / Sales 2023 2,16x
Nbr of Employees 78 000
Free-Float 88,6%
Chart CGI INC.
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CGI Inc. Technical Analysis Chart | GIB.A | CA12532H1047 | MarketScreener
Technical analysis trends CGI INC.
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TrendsBearishBearishBullish
Income Statement Evolution
Consensus
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Mean consensus OUTPERFORM
Number of Analysts 15
Last Close Price 109,56 CAD
Average target price 126,47 CAD
Spread / Average Target 15,4%
EPS Revisions
Managers and Directors
George D. Schindler Co-President, Chief Executive Officer & Director
Jean-Michel Baticle Co-President & Chief Operating Officer
Francois Boulanger Chief Financial Officer & Executive Vice President
Serge Godin Co-Executive Chairman
Julie Godin Co-Chairman & EVP-Strategic Planning
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