CGI SIGNS IT OUTSOURCING CONTRACT VALUED AT CDN$210 MILLION WITH BOMBARDIER AEROSPACE
Montreal, Quebec, July 11, 2003 - CGI Group Inc. (CGI) (TSX: GIB.A; NYSE: GIB) announced today the signing of a seven-year, information technology (IT) outsourcing contract valued at CDN$210 million with Bombardier Aerospace, a Bombardier Inc. group company(BBD, BOM and BBDd.F). Within this contract CGI will be responsible for the following Canadian IT services - related legacy applications services, user desktop management and help desk to all of Bombardier Aerospace’s Canadian users, and data centre and infrastructure services for the Toronto site.
As part of this agreement, some 210 Bombardier Aerospace professionals will be joining CGI. Within the Aerospace group, CGI has been supplying legacy system support for the past two years.
“We are in a very competitive market and as such we need to improve efficiency and find flexible solutions while reducing costs. In partnering with CGI, we are meeting these needs and are protecting our knowledge with the same qualified team of technology professionals, who know our systems intimately. This is vital for the continued smooth running of our operations,” said Robert Proulx, vice-president business processes & chief information officer, at Bombardier Aerospace.
Michael Roach, president and chief operating officer of CGI added: “I would like to extend a warm welcome to the professionals joining CGI, we look forward to combining our teams. This contract is a step towards building a stronger relationship based on our clients’ confidence in our ability to deliver. We look forward to future growth opportunities as this partnership of two global leaders expands.”
Founded in 1976, CGI is the fourth largest independent information technology services firm in North America, based on its headcount. CGI and its affiliated companies employ 20,000 professionals. CGI’s annualised revenue run-rate is currently CDN$2.9 billion (US$1.9 billion) and at March 31, 2003, CGI’s order backlog was CDN$11.2 billion (US$7.6 billion). CGI provides end-to-end IT and business process services to more than 3,500 clients worldwide from offices in Canada, United States and Europe. CGI’s shares are listed on the TSX (GIB.A) and the NYSE (GIB) and are included in the TSX 100 Composite Index as well as the S&P/TSX Canadian Information Technology and Canadian MidCap Indices. Website: www.cgi.com.
All statements in this press release that do not directly and exclusively relate to historical facts constitute “forward-looking statements” within the meaning of that term in Section 27A of the United States Securities Act of 1933, as amended, and Section 21E of the United States Securities Exchange Act of 1934, as amended. These statements represent CGI Group Inc.’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.
These factors include and are not restricted to the timing and size of contracts, acquisitions and other corporate developments; the ability to attract and retain qualified employees; market competition in the rapidly-evolving information technology industry; general economic and business conditions, foreign exchange and other risks identified in the Management’s Discussion and Analysis (MD&A) in CGI Group Inc.’s Annual Report or Form 40-F filed with the SEC, the Company’s Annual Information Form filed with the Canadian securities authorities, 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, which speak only as of the date on which they are made. In particular, statements relating to future revenue from outsourcing contracts are forward-looking statements. CGI disclaims any intention or obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. Readers are cautioned not to place undue reliance on these forward-looking statements.
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