CGI (TSX: GIB.A) (NYSE: GIB) is pleased to announce the extension of its agreements with BCE Inc. (TSX, NYSE: BCE) to provide the Bell group of companies approximately $2 billion in Information Technology services and solutions through December 2026.
“Bell and CGI are both leading Canadian companies focused on technological investment and innovation that delivers clear benefits for our customers,” said Michael Cole, Chief Information Officer for BCE and Bell Canada. “This renewal extends a collaboration of more than 15 years between our two Montréal-based companies to enhance the Bell customer experience while maximizing our operational efficiency.”
As one of Bell’s preferred information technology suppliers, CGI leverages a network of committed professionals and deep domain expertise to support Bell’s business operations. CGI ensures that IT infrastructure runs smoothly, supports hundreds of critical applications and provides systems integration. CGI brings innovation in several areas such as workforce management, digital media, campaign management and mobile solutions.
“We are proud of our relationship with Bell and remain committed to delivering substantial value in the years ahead,” said Michael E. Roach, President and CEO of CGI. “This extension demonstrates the mutual benefits of outsourcing and the quality outcomes CGI can drive for its clients. We have the right global capabilities, expertise and resources with an unwavering commitment to Bell’s success.”
Founded in 1976, CGI Group Inc. is the fifth largest independent information technology and business process services firm in the world. Approximately 68,000 professionals serve thousands of global clients from offices and delivery centers across the Americas, Europe and Asia Pacific, leveraging a comprehensive portfolio of services including high-end business and IT consulting, systems integration, application development and maintenance, infrastructure management as well as a wide range of proprietary solutions. With annual revenue in excess of C$10 billion and an order backlog of approximately C$19 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 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, 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 members; market competition in the rapidly evolving IT industry; general economic and business conditions; foreign exchange and other risks identified in the press release, in CGI’s annual and quarterly Management’s Discussion and Analysis (“MD&A”), in CGI’s Annual Report, in CGI’s Annual Report on Form 40-F filed with the U.S. Securities and Exchange Commission (filed on EDGAR at www.sec.gov), and in the Company’s Annual Information Form filed with the Canadian securities authorities (filed on SEDAR at www.sedar.com), 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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Senior Vice-President, Global Communications and Investor Relations