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CGI Inc Class A GIB

Rating as of

Morningstar’s Analysis

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1-Star Price

PREMIUM

5-Star Price

PREMIUM

Economic Moat

PREMIUM

Capital Allocation

PREMIUM

Slow and Steady, CGI Produces Another Stable Quarter; Maintain CAD 82 FVE, Shares Overvalued

Brian Colello, CPA Sector Director

Analyst Note

| Brian Colello, CPA |

CGI reported top-line results narrowly below our expectations to close out its fiscal 2020. The company showed continued resilience as it maneuvered itself through pandemic-induced economic headwinds with strong bookings numbers in the fourth quarter. With sticky, long-term partnerships with its clients, CGI continues to chart a steady course during these uncertain times by posting stable numbers across geographies and market segments. 

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Company Profile

Business Description

CGI Group is a Canada-based IT-services provider with an embedded position in North America and Europe. The company generates more than CAD 12 billion in annual revenue, employs over 77,000 personnel, and operates across 400 offices in 40 countries. CGI offers a broad portfolio of services such as consulting, systems integration, application maintenance, and business process outsourcing. The company's largest vertical market is government, which contributes around 33% of group revenue.

Contact
1350 Rene-Levesque Boulevard West, 25th Floor
Montreal, QC, H3G 1T4, Canada
T +1 514 841-3200
Sector Technology
Industry Information Technology Services
Most Recent Earnings Sep 30, 2020
Fiscal Year End Sep 30, 2021
Stock Type
Employees 76,000