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CGI reports $1.1B in Q4 contracts with North American financial institutions

Tue, 12/15/2009 - 6:43am
The Associated Press

CGI Group Inc. (TSX:GIB.A) has signed contracts with North American financial institutions in the fourth quarter worth $1.1 billion, the information technology provider said Tuesday.

CGI said the deals signed in the October-December quarter included both new contracts and renewals.

Services provided under these new deals include systems integration, application maintenance, IP-based solutions as well as long-term, multi-year managed services contracts.

"We are pleased that financial services leaders continue to rely on CGI to provide them with increased competitive advantage by leveraging our comprehensive services and solutions," said company president and CEO Michael Roach.

Founded in 1976, Montreal-based CGI provides IT and business process services to financial institutions around the world, including 24 of the top 25 banks in the Americas and 17 of the top 25 European banks. CGI banking-focused solutions include core banking, wealth management, trade finance, business intelligence/data warehousing and customer relationship management.

The company's shares were up eight cents at $13.47 in late morning trading Tuesday on the Toronto Stock Exchange on volume of almost 600,000 shares.

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