CGI Group Inc. (CGI) (TSX: GIB.A; NYSE: GIB;) today announced the renewal of a multi-million dollar, three-year information technology outsourcing contract with IPSCO Inc. CGI will operate the North American steel producer's mainframe systems from CGI's data center in Regina, while supporting its local area networks and desktops onsite throughout IPSCO. Also, CGI will provide consulting, voice systems support, asset management, software evaluation and Web hosting.
As part of the agreement, CGI provides a call centre and a dedicated onsite team of desktop and server resources to support IPSCO's 2,200 employees throughout 13 locations across North America. IPSCO has been partnering with CGI since the fall of 1999.
"Over the past 4 years, CGI has consistently provided IPSCO with solid, cost-effective information technology services and support. CGI continues to support IPSCO in our commitment to deliver high quality products and services to our customers. We look forward to continuing our strong relationship with CGI in the years ahead," said John L. Gosack, director of information technology of IPSCO.
Michael Roach, president and chief operating officer of CGI added: "IPSCO continues to be a key client for CGI and we are honored to have the opportunity to continue to serve as their IT partner."
IPSCO is a North American steel producer incorporated in 1956. Growing from a small pipemaker in Regina, Saskatchewan, the company now has facilities in both Canada and the United States and offers a wide range of high strength steel and pipe products. For further information on IPSCO, please visit the company's Website: www.ipsco.com.
Founded in 1976, CGI is the fifth largest independent information technology services firm in North America, based on its headcount. CGI and its affiliated companies employ 20,000 professionals. CGI's annualised revenue run-rate is currently CDN$2.8 billion (US$1.9 billion) and at September 30, 2003, CGI's order backlog was CDN$12.3 billion (US$9.1 billion). CGI provides end-to-end IT and business process services to clients worldwide from offices in Canada, United States and Europe. CGI's shares are listed on the TSX (GIB.A) and the NYSE (GIB) and are included in the TSX 100 Composite Index as well as the S&P/TSX Canadian Information Technology and Canadian MidCap Indices. 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. 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, foreign exchange and other risks identified in the Management's Discussion and Analysis (MD&A) in CGI Group Inc.'s Annual Report or Form 40-F filed with the SEC, the Company's Annual Information Form filed with the Canadian securities authorities, 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, which speak only as of the date on which they are made. In particular, statements relating to future revenue from outsourcing contracts are forward-looking statements. CGI disclaims any intention or obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. Readers are cautioned not to place undue reliance on these forward-looking statements.
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