CGI-AMS Inc., a wholly-owned U.S. operating subsidiary of CGI Group Inc. (CGI)
(TSX: GIB.A; NYSE: GIB), has continued to build its credit business with the
signing of multiple contracts for Credit services globally year to date totaling
over $50 Million (with an average duration of 3 years). Clients include, PNC
Consumer Services, Wachovia Corporation and other major financial institutions.
These wins include a number of multi-year managed services contracts for
application maintenance, as well as the development, integration and maintenance
of credit solutions. The company’s focus on increased maintenance work and
recurring revenue has resulted in a backlog of maintenance revenue that has
tripled since fiscal year ending 2005.
“Within the credit services
group, we have fully optimized our technology tools and operational efficiencies
as well as moved our client base to a global delivery model – delivering
services to our clients wherever, whenever they are required based on their
strategic business objectives,” said George Schindler, Senior Vice-President,
New York Business Unit, CGI-AMS. “Outsourcing will give our clients the
advantage of providing their partners and clients with best in class services,
while capitalizing on the cost advantages generated by economies of scale.”
The breadth of these strategic contracts indicates CGI-AMS’s
capabilities in providing end-to-end credit services. Our services and solutions
have advanced according to client needs, from hosting networks and application
management, to system integration and consulting, to full Business Process
Outsourcing (BPO). CGI-AMS has embraced the global delivery model, distributing
work near-and off-shore, resulting in Global Credit Delivery capabilities in
India, Australia, Europe, the United States and Canada.
About
CGI-AMS
CGI-AMS Inc. is the wholly-owned U.S. operating subsidiary of CGI
Group Inc. 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 24,500 professionals. CGI provides
end-to-end IT and business process services to clients worldwide from offices in
Canada, the U.S., Europe, Asia Pacific as well as from centers of excellence in
Canada and the U.S., Europe and India. CGI's annualized revenue run rate is
currently $3.5 billion (US$3.1 billion) and at June 30, 2006, CGI's order
backlog was $13.3 billion (US$11.9 billion). CGI's 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.
Forward- Looking Statements
All statements in this MD&A
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 Group Inc.’s (“CGI”) 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
information technology industry; general economic and business conditions,
foreign exchange and other risks identified in the MD&A, in CGI’s Annual
Report or 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. 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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CGI:
Investor relations
Lorne
Gorber
Vice-president, Corporate Communications and
Investor
Relations
(514) 841-3355
Media relations
Kirsten
Paragona
Director, Corporate Communications
(978) 569-6111
