CGI U.S. Public Sector Closes Nearly US$550M in Bookings in First Quarter of FY11
Note: All figures are in U.S. dollars.
CGI Group Inc. (CGI) (NYSE: GIB; TSX: GIB.A) maintained strong booking momentum in the U.S. Public Sector as it closed its first quarter of Fiscal Year 2011 on December 31, 2010 with nearly $550M in bookings. As its largest public sector unit, CGI Federal Inc, the company’s wholly owned subsidiary serving the US Federal government, contributed significantly from all sectors (defense and civilian) to the strong quarter’s bookings—the company’s first full quarter of combined operations following the acquisition of Stanley, Inc.
In addition to contract extensions, task order re-competes, and contract renewals with a range of U.S. government clients, highlights of Q1 awards included CGI’s selection as one of 11 companies awarded a government-wide Blanket Purchase Agreement for Cloud-Based Infrastructure as a Service by the General Services Administration; $55M five-year task order from the Centers for Medicare & Medicaid Services (CMS) for software development and operational support services for its Provider Enrollment Chain Ownership System (PECOS); selection as the ERP vendor for the City of Mesa, Arizona for $15.6M; award of $18 million in contracts in support of the U.S. Marine Corps Systems Command Training and Education Command; and a $22 million task order by the Environmental Protection Agency for support of its agency-wide call center.
“It’s energizing to our whole government team across the U.S. to have closed our first full quarter together so strongly,” said Donna Morea, President, CGI U.S., Europe and Asia. George Schindler, President, CGI Federal added “Delivering on our commitments is possible because our culture is well aligned—we share the same core values and are fully committed to our client’s missions. I am continually impressed with our integrated team approach which has enabled us to maintain our focus and deliver exceptional value for our clients.”
During CGI’s first quarter, CGI was highlighted as #14 on Bloomberg BusinessWeek’s Tech Hot Growth Companies for 2010. In addition, the company was also named Contractor of the Year (greater than $300 million annual revenue) during the 8th Annual Greater Washington U.S. Government Contractor Awards in recognition of its financial and operational accomplishments as well as its contributions to employees, the contracting industry, and the U.S. Government.
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 employ approximately 31,000 professionals. CGI provides end-to-end IT and business process services to clients worldwide from offices and centers of excellence in the United States, Canada, Europe, and Asia Pacific. As at September 30, 2010, CGI's revenue was C$3.7 billion and its order backlog was C$13.3 billion. CGI shares are listed on the NYSE (GIB) and the TSX (GIB.A) and are included in both the Dow Jones Sustainability Index and the FTSE4Good Index. Website: www.cgi.com.
All statements in this press release that do not directly and exclusively relate to historical facts constitute forward-looking statements and constitute forward-looking information within the meaning of Canadian securities laws. These statements and this information represent CGI’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 or forward-looking information. These factors include but are not restricted to: uncertainties as to the timing of the tender offer and the merger; uncertainties as to how many of the Stanley stockholders will tender their shares in the offer; the risk that competing offers will be made; the possibility that various closing conditions for the transaction may not be satisfied or waived, including regulatory approvals; 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 IT industry; general economic and business conditions; foreign exchange and other risks identified in the press release, in CGI’s Annual Report on Form 40-F filed with the U.S. Securities and Exchange Commission (filed on EDGAR at www.sec.gov), CGI’s Annual Information Form filed with the Canadian securities authorities (filed on SEDAR at 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.
For more information:
Vice-President, US Communications
Manager, Investor Relations