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Company: CGI



Company Overview


CGI Inc., originally "Conseillers en gestion et informatique" (Consultants in Management and Information Technology), is a Canadian multinational information technology consulting and software development company. Founded in June 1976 by Serge Godin and André Imbeau, CGI is headquartered in Montreal, Quebec, Canada. It went public in 1986 on the Toronto Stock Exchange and has a secondary listing on the New York Stock Exchange. CGI is a constituent of the S&P/TSX 60 index.

Financial Performance (2023)


  • Revenue: C$15.164 billion

  • Operating Income: C$1.935 billion

  • Net Income: C$1.85 billion

  • Total Assets: C$26.24 billion

  • Total Equity: C$7.615 billion

  • Number of Employees: 91,000


Geographical Reach


CGI operates in over 40 countries with around 400 offices worldwide, serving a global market.

Services


CGI primarily offers:
  • Business Consulting

  • Systems Integration

  • Application Development Testing and Maintenance Services

  • Infrastructure Services

  • Cloud Computing

  • IoT Applications

  • IT Outsourcing Services

  • Business Process Services


Historical Milestones


  • 1990s: CGI earned ISO 9001 certification in 1994 for its "project management framework," partnered with Bell Canada, and acquired CDSL Holdings Limited in 1997.

  • 2000s: Expanded internationally by acquiring IMRGlobal, Cognicase, and American Management Systems, thus becoming a significant player in the global IT services market.

  • 2010s: Became a prominent player in defense and intelligence contracting through the acquisition of Stanley Inc. and the UK-based Logica. By 2012, CGI became the fifth largest independent IT service provider globally.

  • 2020s: Continued international expansion and awarded significant contracts with various governmental and private sector clients.


Key Executives and Leadership Team


  • Serge Godin: Founder and Executive Chairman of the Board.

  • George D. Schindler: President and CEO since 2016, retiring on October 1, 2024. He will remain on the Board post-retirement.

  • François Boulanger: Newly appointed President and CEO effective October 1, 2024. He has overseen CGI’s operations in Canada, U.S. Commercial and State Government, and Asia Pacific Global.

  • Mark Boyajian: Executive Vice President and Chief Business Engineering Officer. Oversees global business engineering and strategic managed services partnerships.

  • Leslie McKay: Chief Information Officer since 2021. Responsible for developing and managing CGI's global information systems.

  • Steve Perron: Executive Vice-President and Chief Financial Officer since October 2022. Oversees the company’s global financial operations.


Corporate Affairs


CGI has a diverse and international client base, serving large institutional clients across various industries. The company's revenue distribution highlights a significant proportion from government contracts (42% in 2015), with the remaining revenue generated from private sector clients.

Subsidiaries and Partnerships


  • CGI Federal: A wholly-owned subsidiary engaged in providing IT services to U.S. federal agencies, including defense, intelligence, and healthcare sectors.

  • Partnered with Bell Canada and Inmarsat for significant technological and service delivery projects.


Awards and Recognitions


  • Ranked 26th on the Washington Technology Top 100 in 2018.

  • Named in the Bloomberg Government 200 (BGOV200) in 2019.

  • Various accolades for leadership in sectors such as national security, federal services, and healthcare.


Controversies


CGI has faced challenges, particularly focused on its involvement with the HealthCare.gov website for the U.S. government, where it faced issues related to timely delivery and functionality, leading to contract termination. Additional issues were recorded with projects like eHealth Ontario and Hawaii Health Connector, highlighting logistical and delivery challenges.

Additional Information


CGI has a robust presence in sectors such as telecommunications, health, manufacturing, and proprietary software, contributing about 16% of its revenue. It is highly regarded in the space industry for satellite mission support and control systems. For further information, CGI’s detailed corporate history, executive profiles, and full service offerings can be accessed through their [official website](https://www.cgi.com).

Competitor Profiling Report for CGI



Key Competitors



1. Accenture


  • Headquarters: Dublin, Ireland

  • Overview:

  • Accenture is a leading global professional services company providing a broad range of services in strategy, consulting, digital, technology, and operations.

  • The company employs approximately 750,000 people, serving clients in more than 120 countries.

  • Key services include strategy & consulting, technology, operations, and Industry X.

  • Employee Base: Approximately 750,000

  • Notable Achievements: Recognized for providing unmatched services in strategy & consulting, innovation in technology, and strong operational capabilities.



2. Deloitte


  • Headquarters: New York, USA

  • Overview:

  • Deloitte is among the largest global providers of audit, tax, consulting, enterprise risk, and financial advisory services.

  • It has extensive capabilities in management consulting, technology integration, and financial advisory.

  • Employee Base: More than 100,000 professionals

  • Key Services: Strategy, Analytics, and M&A; Customer & Marketing; Core Business Operations; Human Capital; and Enterprise Technology & Performance.

  • Notable Achievements: Deloitte has consistently been named among the world’s most ethical companies and recognized for its innovative management consulting solutions.



3. IBM Consulting


  • Headquarters: Armonk, New York, USA

  • Overview:

  • IBM Consulting is uniquely positioned within IBM, offering business and technology consulting services grounded in innovation, collaboration, and trust.

  • It has approximately 160,000 employees across the globe.

  • Key Services: Digital transformation, AI strategy, risk management, and IT consulting.

  • Notable Achievements: IBM Consulting is recognized for its pioneering work in AI and has been awarded several accolades, including recognition from Forbes as one of the world’s best management consulting firms.



4. Capgemini


  • Headquarters: Paris, France

  • Overview:

  • Capgemini provides consulting, technology, professional, and outsourcing services.

  • The company operates in over 50 countries with more than 340,000 employees.

  • Revenue: €22.5 billion

  • Employee Base: 340,000

  • Notable Achievements: Known for leveraging technology for business transformation and named repeatedly as one of the world’s most ethical companies by the Ethisphere Institute.



5. Infosys


  • Headquarters: Bangalore, India

  • Overview:

  • Infosys is an Indian multinational information technology company offering consulting, IT, and outsourcing services.

  • Operations span over 50 countries with a significant presence in South Asia and North America.

  • Revenue: US$19 billion (FY 2024)

  • Net Income: US$3.1 billion

  • Employee Base: 317,240 (March 2024)

  • Notable Achievements: Infosys became the fourth Indian company to achieve a market capitalization of US$100 billion in 2021 and ranks as the second-largest Indian IT company by revenue.



Additional Competitors


  • Oracle: Specializes in a comprehensive and fully integrated stack of cloud applications and platform services.

  • Wipro: An Indian multinational corporation that provides information technology, consulting, and business process services.

  • Sopra Steria: Known for consulting, digital services, and software development.

  • DXC Technology: Offers a range of IT services for clients including next-gen services, cloud, and digital transformation solutions.


Market Position and Strategic Insight


CGI competes with industry giants that exhibit strong capabilities in technology, innovation, and consulting services worldwide. Notable competitors such as Accenture, Deloitte, and IBM Consulting demonstrate extensive global reach, substantial employee bases, and robust service offerings, making them formidable competitors. To stay competitive, CGI should focus on enhancing its technological innovations, expanding its global footprint, and possibly forming strategic partnerships to fortify its position in the market.