THE DEPARTMENT OF JUSTICE AND CGI SIGN FIVE-YEAR DEAL WORTH CDN$14.5 MILLION
The Canadian Department of Justice and CGI Group Inc. (CGI) (TSX: GIB.A; NYSE: GIB), a leading provider of information technology (IT) and business process services, announced today the signing of a five-year IT outsourcing contract valued at CDN$14.5 million. As part of the contract, which has the potential of being extended for an additional six years, CGI will be responsible for providing the Department employees with a national service desk along with onsite support services, systems and network management and equipment maintenance in the National Capital Region.
Michael Roach, president and COO of CGI added: "We are delighted to welcome the Department of Justice as a new outsourcing client. We will be addressing the Department's requirements by utilizing our service desk facilities located in our new data centre here in Ottawa. Today's win further builds upon our previous work with the Department in document management, architecture strategy and management consulting. We are committed to being the preferred partner for IT and business process services to the government sector in Canada."
CGI's Ottawa business unit, a top 10 employer in the region, employs over 1,000 professionals predominantly dedicated to clients within the government sector. CGI partners with the government to help them increase their services at a decreased cost through the strategic use of IT. Services range from business and IT consulting to full end-to-end outsourcing including CGI's proven expertise in IT security. To learn more, visit the government section of www.cgi.com.
Founded in 1976, CGI is the fifth 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$2.8 billion (US$1.9 billion) and at September 30, 2003, CGI's order backlog was CDN$12.3 billion (US$9.1 billion). CGI provides end-to-end IT and business process services 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.
For more information:
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