CGI to report “health” as a new global vertical
Move affirms commitment to Health as a key growth driver
CGI Group Inc. (TSX: GIB.A) (NYSE: GIB), a leading provider of information technology and business process services, announced that, it will now report a separate “Health” vertical segment. The new vertical is the result of the company’s strong historical performance and the sector’s overall importance to CGI’s global growth strategy. Currently, this high-growth sector is embedded within both the government and financial services verticals.
“Health is an important market and represents a significant growth opportunity for CGI,” said Michael E. Roach, President and Chief Executive Officer. “By reporting health separately, our clients and investors will have greater visibility into our operations, including the depth and breadth of our capabilities.”
Over the past three years, the compounded annual growth rate (CAGR) of CGI’s health sector has been 28.1% and, today generates approximately $350 million in annual revenue. In fiscal 2011, this segment delivered a book-to-bill ratio of 120% of revenue and, at September 30, 2011 had an order backlog in excess of $1.2 billion.
CGI delivers a full suite of health IT services and business solutions that advance the goals of the healthcare industry. Our solutions reduce operating costs, advance the quality of care, and promote public health, while our focus in both the public and private healthcare initiatives delivers the confidence our clients need to succeed in this continually changing environment. CGI’s expertise creates savings through our knowledge of the health industry including full IT outsourcing, application renovation, common off the shelf (COT) software installation and integration, application enhancement, production support, legacy systems sunset, and project management. Our point solutions help our clients with specific business requirements including our electronic medical records (EMR), health information exchange (HIE), collaborative care and disease management (CDM), medical bill recovery audits, health insurance exchange and core system replacements services.
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 centres of excellence in the United States, Canada, Europe and Asia Pacific. As at June 30, 2011, CGI's annualized revenue was approximately C$4.2 billion and its order backlog was approximately C$12.7 billion. CGI shares are listed on the TSX (GIB.A) and the NYSE (GIB) and are included in both the Dow Jones Sustainability Index and the FTSE4Good Index. Website: www.cgi.com.
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