CGI Group Inc. (TSE: GIB.A; NYSE: GIB) today issued extracts of its financial statements for the fiscal year ended September 30, 2000. The Company reported unaudited summary financials on October 25, 2000, including amounts for revenue, earnings before amortization of goodwill and net earnings.
CGI will be hosting a conference call to discuss the full audited results at 11:00 a.m. (EST) today. The call will be broadcast live on its Web site at www.cgi.ca and subsequently archived on the Web site.
CGI GROUP INC.
Note to the consolidated financial statements for the years ended September 30, 2000 and 1999
(all amount are in thousands of dollars) (unaudited)
Note 1 - Capital Stock
Capital Stock
Class A subordinate shares carrying one vote per share, participating equally with Class B shares with respect to the payment of dividends and convertible into Class B shares under certain conditions in the event of certain takeover bids on Class B shares.
Class B shares, carrying ten vote per share, participating equally with Class A subordinate shares with respect to the payment of dividends and convertible at any time at the option of the holder into Class A subordinate shares.
Options
Under a stock option plan for certain employees and directors of the Company and its subsidiaries, the Board of Directors may grant, at its discretion, options to purchase company stock to certain employees and directors of the Company and of its subsidiaries. The exercise price is established by the Board of Directors but may not be lower than the average closing price for Class A shares over the five business days preceeding the date of grant. Options are exercisable from the date of the grant. Each option must be exercised within a ten-year period, except in the event of retirement, termination of employment or death.
The following table presents information concerning capital stock issued and paid and all stock options as of September 30, 2000 :
As of September 30, 2000 and 1999 (after giving retroactive effect of the subdivision of the Company's shares that occurred on August 12, 1997, December 15, 1997, May 21, 1998 and January 7, 2000), the Class A subordinates shares and the Class B shares changed as follow :
The following table presents information concerning all stock options granted to certain employees and directors by the Company at September 30 :
CGI GROUP INC.
Notes to the consolidated financial statements for the years ended September 30, 2000 and 1999
(all amounts are in thousands of dollars) (unaudited)
Note 2 - Segmented information.
During the fourth quarter of fiscal 2000, in conjunction with the retirement of the president and chief operating officer, the Company announced an adjustment to its organizational structure. The six strategic business units (SBU) that were organized along geographic lines except for the Telecommunications SBU, were grouped into three, which are: Canada, USA and International. Each SBU is evaluated primarily on its revenue, operating earnings and net contribution (net contribution being defined as earnings before interest, income taxes, entity subject to significant influence and amortization of goodwill) by its senior executive who reports directly to the chief executive officer.
CGI GROUP INC.
Notes to the consolidated financial statements for the years ended September 30, 2000 and 1999
(all amounts are in thousands of dollars) (unaudited)
Note 2 - Segmented information (cont'd)
About CGI
Founded in 1976, CGI is the largest independent Canadian information technology consulting firm and the fifth largest in North America, based on its revenue run rate of CDN$1.4 billion. CGI's order backlog totals approximately CDN$7.0 billion. CGI has close to 10,000 professionals and provides end-to-end IT services and business solutions to 2,500 clients in Canada, the United States and more than 20 countries around the world. CGI's shares are listed on the New York Stock Exchange (GIB), as well as on the Toronto exchange (GIB.A). They are included in the Toronto Stock Exchange's TSE 100 index as well as the S&P/TSE Canadian Information Technology index. Web site: www.cgi.ca.
All statements in this press release that do not directly and exclusively relate to historical facts constitute "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. 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, and other risks identified in Management's Discussion and Analysis (MD&A) in CGI Group Inc.'s annual report or Form 40F filed with the US Securities & Exchange Commission and the Company's Annual Information Form filed with Canadian securities commissions. All of the risk factors included in these filed documents are included here by reference. CGI disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.
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For more information:
Investor inquiries:
Ronald White
Director, investor relations
(514) 841-3230
Media inquiries:
Eileen Murphy
Director, media relations
(514) 841-3430
