CGI Group Inc. (TSX: GIB.A; NYSE: GIB), a leading provider of information technology and business process services, announced today that new, upgraded or expanded contracts for its AMS Advantage® enterprise resource planning (ERP) system topped US$320 million in calendar year 2008, including strategic wins in California and Ohio.
"As governments of all sizes brace for tough times, it's clear they recognize the need to get the very best from their financial systems by reducing costs, increasing efficiency and establishing greater accountability," said Pat Colacicco, Vice-President of CGI's AMS Advantage group. "Over US$320 million in 2008 sales prove that our ERP system, AMS Advantage, demonstrates the value and capability to deliver on those expectations."
In 2008, CGI won new AMS Advantage contracts from the California Department of Transportation (Caltrans) and the City of Cleveland. Long-time AMS Advantage clients, including the City of Los Angeles; Volusia County, Florida; Monterey County, California; and Springfield, Illinois, upgraded to the Web-based version of the built-for-government ERP system. Orange County, California, the City of New York, the Commonwealth of Kentucky, and Baltimore County Schools (Maryland) all extended their service contracts for a value of over US$200 million as budget-strapped state and local governments strive to maintain high quality citizen services.
About AMS Advantage
From cities, counties, states, school districts and universities, CGI's AMS Advantage ERP solution works for government at all levels and has helped public sector clients better serve 90+ million citizens. Designed specifically for state and local government, the solution incorporates CGI's 30 years of expertise and experience in the public sector market. AMS Advantage helps governments achieve the highest level of accountability while enhancing services to their constituents through integrated functionality, workflow and configurable processes. The result is significantly increased efficiency, improved access to information and reduced total cost of ownership.
About CGI
Founded in 1976, CGI Group Inc. is one of the largest independent information technology and business process services firms in the world. CGI and its affiliated companies employ approximately 25,500 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 North America, Europe and India. CGI's fiscal 2008 revenue was $3.7 billion and at September 30, 2008, CGI's order backlog was $11.6 billion. CGI shares are listed on the TSX (GIB.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.
CGI Forward- Looking Statements
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 sections 138.3 and following of the Ontario Securities Act. 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 and 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 MD&A, 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), 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. You will find more information about the risks that could cause our actual results to significantly differ from our current expectations in the Risks and Uncertainties section.
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For more information:
Investors
Lorne Gorber
Vice-President, Global Communications and
Investor Relations
lorne.gorber@cgi.com
514-841-3355
Media
Linda Odorisio
Vice-President, US Communications
linda.odorisio@cgi.com
703-267-8118
