CGI IncGIB.A
Price$70.98Intrinsic value$72.983% above price

Qualitative Analysis

Business overview

Business Overview

CGI Inc. (formerly CGI Group Inc.) is one of the largest independent information technology (IT) and business consulting services firms in the world. Founded in 1976 and headquartered in Montreal, Canada, CGI operates through a highly localized relationship model complemented by a robust global delivery network. The company delivers an end-to-end portfolio of capabilities, including high-end business and strategic IT consulting, systems integration, managed IT and business process services, and proprietary intellectual property (IP) solutions. CGI serves a highly diversified client base across key industries such as government, financial services, health, telecommunications, and manufacturing. Notably, CGI maintains an outsized presence in the public sector, positioning it as a primary IT supplier to various levels of government globally. This government exposure provides a highly defensive, non-cyclical revenue stream that anchors the business during macroeconomic downturns.

Research as of 19 Jun 2026

Sources: 1

Strategic Initiatives

Growth programs, investments, and their expected impact

AI-assisted
Enterprise AI Growth Strategy & OpenAI AllianceInnovation

CGI entered a global alliance with OpenAI to deploy advanced AI capabilities at enterprise scale. The partnership expands CGI's use of ChatGPT Enterprise to thousands of consultants and integrates OpenAI's training resources into CGI's AI literacy program [1.4.1].

Expected impact: Equips consultants with advanced tools to accelerate client AI adoption, improves delivery quality, and establishes CGI as a leader in secure, responsible enterprise AI implementations.

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InvestmentPart of CGI's ongoing multi-year $1 billion investment in AI and generative AI technologies.
TimelineAnnounced in January 2026, with ongoing global rollout throughout 2026.
CGI Advantage ERP AI ExpansionInnovation

CGI expanded governed AI capabilities within its CGI Advantage ERP platform, which is purpose-built for state and local governments. The enhancements natively embed AI into core workflows across finance, HR, procurement, and operations.

Expected impact: Enables public sector agencies to improve operational efficiency, reduce manual data entry, and modernize workflows while maintaining strict transparency and accountability.

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InvestmentFunded through internal R&D and product development budgets.
TimelineAnnounced and deployed in May 2026.
Managed Services & Digital Reengineering ConsolidationGrowth

Focusing on client demand for vendor consolidation by combining business consulting, systems integration, and digital reengineering to deliver end-to-end outcomes, particularly targeting legacy modernization to make clients 'AI-ready'.

Expected impact: Capitalizes on robust demand indicators (such as a book-to-bill ratio consistently above 100%) to accelerate organic revenue conversion.

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InvestmentSupported by ongoing operational capital and local relationship model resources.
TimelineContinuous strategic focus highlighted in the 2026 Voice of Our Clients research.
Sources: 3

Mergers, Acquisitions & Partnerships

Recent deals and strategic collaborations

AI-assisted

Recent Acquisitions

Telia's cloud and IT end-user services business (Finland)
Announced 2 Dec 2025

To acquire the cloud, capacity, and IT end-user services business of Telia Company in Finland, bringing approximately 250 specialist employees to CGI [3.3.5].

Financial impact: Strengthens CGI's Nordic managed services footprint and enterprise cloud capabilities.

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Stratfield ConsultingComplete
Announced 4 Feb 2026

To strengthen CGI's presence and delivery capabilities in Atlanta, Georgia, which is a key U.S. growth market.

Financial impact: Adds localized recruitment, staffing, and business consulting expertise to CGI's U.S. operations.

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Comarch Polska SAComplete
Announced 22 Oct 2025

Acquisition of Comarch Polska SA (a subsidiary of Comarch SA specializing in public sector IT solutions) to accelerate CGI's expansion in Poland.

Financial impact: Deepens CGI's public sector consulting capabilities and geographic reach in Central and Eastern Europe.

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Online Business SystemsComplete
Announced 3 Dec 2025

To expand CGI's presence in Winnipeg and bolster its overall Canadian footprint in security intelligence, service management, and IT consulting.

Financial impact: Enhances CGI's cybersecurity and digital transformation service offerings across Canada.

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Strategic Partnerships

OpenAIGlobal Technology Alliance

Enables CGI to deploy ChatGPT Enterprise securely and responsibly at scale, integrating OpenAI's advanced models and training resources into CGI's client solutions and internal literacy programs [1.4.1].

Terms: Terms of the global agreement were not disclosed.

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PostiStrategic Partnership Expansion

Expansion of partnership to deliver omnichannel communications solutions, leveraging CGI's digital systems integration expertise.

Terms: Terms of the expansion were not disclosed.

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StockmannStrategic IT Partnership

CGI entered a strategic partnership with Stockmann to support its digital transformation and core IT infrastructure modernization.

Terms: Terms of the agreement were not disclosed.

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Sources: 3
AI-assisted, source-linked narrative; figures from company filings (SEC EDGAR) and market data. Dates shown per section. Not investment advice. Terms of Use.