CGI WINS A CONTRACT FROM THE CITY OF MONTREAL FOR A HUMAN RESOURCES AND PAYROLL PROJECT
Further to an open competitive process, the City of Montreal has chosen CGI Group Inc. (CGI) (TSX: GIB.SV.A; NYSE: GIB) for a human resources and payroll project valued at CDN$11 million for a two and a half year business process and integration contract. Over 25,000 city employees will benefit from an integrated system that will provide basic employee information and tracking mechanisms including employee profiles, benefits, time management and training. The first phase of this new Oracle-based technology platform will be launched at the end of 2005. This initiative is part of the City's "SIMON program" whereby systems from the new Megacity will be amalgamated into one streamlined finance, human resources and material resources system.
Pierre Turcotte, senior vice-president and general manager, Greater Montreal, CGI said: "We are very pleased to have been selected for this cutting edge initiative and to be working along side such highly skilled professionals. Increasingly, organizations are seeking solid IT partners in the areas of human resources and payroll enabling them to access best-of-breed tools. We continue to build upon our expertise in this growing sector."
Founded in 1976, CGI is among the largest independent information technology and business process services firms in North America. CGI and its affiliated companies employ approximately 25,000 professionals. CGI provides end-to-end IT and business process services to clients worldwide from offices in Canada, the United States, Europe, Asia Pacific as well as from centers of excellence in India and Canada. CGI's annualized revenue run rate is currently CDN$3.8 billion (US$3.1 billion) and at December 31, 2004, CGI's order backlog was CDN$13 billion (US$10.3 billion). CGI's shares are listed on the TSX (GIB.SV.A) and the NYSE (GIB) and are included in the S&P/TSX Composite Index as well as the S&P/TSX Capped Information Technology and 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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