MONTRÉAL, Dec. 22, 2017 - CGI (TSX: GIB.A) (NYSE: GIB) today announced the publication of the 2017 Annual Review, which comes following the release of the 2017 CGI Client Global Insights that includes findings from in-person discussions with 1,300 business and IT leaders across 10 industries and 17 countries to identify the trends affecting their organizations. The Annual Review captures highlights of CGI's performance throughout the year in helping clients evolve and meet the digital expectations of their customers and citizens. This maps directly to the Insights' top trend, which demonstrates an increased urgency to become digital organizations to meet rising customer expectations at 85%, up from 71% in 2016.
The CGI Client Global Insights provide a benchmark by which clients can plan their digital transformation. In 2016, 12% of the client executives interviewed had an enterprise-wide digital strategy in place. This number accelerated to 40% in 2017, reinforcing the momentum of digital transformation globally. The Annual Review highlights how CGI is helping clients embrace the rapid change of technology taking place to help accelerate their transformation, and CGI's performance in building on more than four decades of sustained growth.
"The growth we have achieved over the past decades is a credit to our strong culture, operational discipline, innovation and end-to-end capabilities," said George D. Schindler, President and Chief Executive Officer. "All of these attributes provide the foundation for serving as our clients' partner and expert of choice amidst the technology-driven transformation that is underway. CGI is one of the few firms with the scale, reach and capabilities required to help clients succeed."
The 2017 Annual Review includes a summary of CGI's partnerships with clients, including numerous testimonials and examples of services and solutions delivered throughout the year. It also highlights the work we do to support the hundreds of communities in which our professionals live and work, as we help organizations embrace digital strategies and technologies to benefit those in their care.
Founded in 1976, CGI is the fifth largest independent IT and business consulting services firm in the world. With approximately 71,000 professionals worldwide, CGI delivers an end-to-end portfolio of high-end IT and business consulting services, systems integration and IT and business process outsourcing services. CGI's client proximity model, best-fit global delivery network, and intellectual property solutions help clients accelerate results and digitally transform their organizations. With annual revenue of C$10.8 billion, CGI shares are listed on the TSX (GIB.A) and the NYSE (GIB). 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 Section 27A of the United States Securities Act of 1933 and Section 21E of the United States Securities Exchange Act of 1934, as amended, and are "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: the timing and size of new 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 or incorporated by reference in this press release, in CGI's annual and/or quarterly Management's Discussion and Analysis and in other public disclosure documents filed with the Canadian securities regulatory authorities (on SEDAR at www.sedar.com) and the U.S. Securities and Exchange Commission (on EDGAR at www.sec.gov), 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.
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