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FAIRFAX,
Va., Sept. 27, 2023 /PRNewswire/ - CGI Federal
Inc., the wholly-owned U.S. operating subsidiary of CGI Inc. (NYSE:
GIB) (TSX: GIB.A), announced today that the Administrative Office
of the U.S. Courts (AOUSC) awarded CGI a 10-year
indefinite-delivery, indefinite quantity (IDIQ) contract. Under
this new IDIQ contract vehicle, CGI expects to provide AOUSC with
strategic consulting, advisory, application operations and
management, hosting and support services for the Judiciary's
financial management and acquisitions processes powered by CGI's
Momentum® solution. An initial task order for operations
and maintenance, service desk support, and training services has
been issued for a 1-year base period and nine 1-year
options. The total task order value if all options are
exercised is $143.5M.
"IT modernization requires business agility to meet evolving
demands. CGI provides a flexible, holistic approach that enables
digital transformation," said Clay
Goldwein, Senior Vice-President and National Security and
Justice Business Unit lead at CGI.
Specifically designed for government agencies, CGI's
Momentum® provides seamless transformational contracting
and financial management capabilities with increased automation and
data capabilities. Bringing over 100 federal organizations insights
they can act on, this robust platform has a dedicated team of
professionals with deep domain expertise across financials,
acquisitions, budget, and asset management collaborating with
experts in management consulting and technology. Delivering
mission-oriented solutions and commercial best-practices to complex
problems, CGI works closely with federal agencies to transform
existing operations and maximize performance and efficiency with
lasting changes.
"In enhancing financial transparency, accountability and
performance, CGI's Momentum® software improves operational
efficiency and the user experience to further the stewardship of
taxpayer dollars for the Judicial Branch," added Brian Becker, CGI Vice-President and Sector
Lead, U.S. Federal Judiciary and Legislative Branch.
About CGI Federal Inc.
CGI Federal Inc., a wholly-owned U.S. operating subsidiary
of CGI Inc., is dedicated to partnering with federal agencies to
provide solutions for defense, civilian, healthcare, intelligence
and international affairs missions. Founded in 1976, CGI Inc. is
among the largest IT and business consulting services firms in the
world. With 91,500 consultants and other professionals across the
globe, CGI Inc. delivers an end-to-end portfolio of capabilities,
from strategic IT and business consulting to systems integration,
managed IT and business process services and intellectual property
solutions. CGI Inc. works with clients through a local relationship
model complemented by a global delivery network that helps clients
digitally transform their organizations and accelerate results.
With Fiscal 2022 reported revenue of C$12.87
billion, CGI Inc. shares are listed on the TSX (GIB.A) and
the NYSE (GIB). Learn more at cgi.com.
Forward-looking information and
statements
This press release contains "forward-looking information" within
the meaning of Canadian securities laws and "forward-looking
statements" within the meaning of the United States Private
Securities Litigation Reform Act of 1995 and other applicable
United States safe harbors. All
such forward-looking information and statements are made and
disclosed in reliance upon the safe harbor provisions of applicable
Canadian and United States
securities laws.
Forward-looking information and statements include all
information and statements regarding CGI Inc.'s intentions, plans,
expectations, beliefs, objectives, future performance, and
strategy, as well as any other information or statements that
relate to future events or circumstances and which do not directly
and exclusively relate to historical facts. Forward-looking
information and statements often but not always use words such as
"believe", "estimate", "expect", "intend", "anticipate", "foresee",
"plan", "predict", "project", "aim", "seek", "strive", "potential",
"continue", "target", "may", "might", "could", "should", and
similar expressions and variations thereof. These information and
statements are based on our perception of historic trends, current
conditions and expected future developments, as well as other
assumptions, both general and specific, that we believe are
appropriate in the circumstances. Such information and statements
are, however, by their very nature, subject to inherent risks and
uncertainties, of which many are beyond the control of CGI Inc.,
and which give rise to the possibility that actual results could
differ materially from our expectations expressed in, or implied
by, such forward-looking information or forward-looking
statements.
These risks and uncertainties include but are not restricted to:
risks related to the market such as the level of business activity
of our clients, which is affected by economic conditions, and our
ability to negotiate new contracts; risks related to our industry
such as competition and our ability to attract and retain qualified
employees, to develop and expand our services, to penetrate new
markets, and to protect our intellectual property rights; risks
related to our business such as risks associated with our growth
strategy, including the integration of new operations, financial
and operational risks inherent in worldwide operations, foreign
exchange risks, income tax laws, our ability to negotiate favorable
contractual terms, to deliver our services and to collect
receivables, and the reputational and financial risks attendant to
cybersecurity breaches and other incidents; as well as other risks
identified or incorporated by reference in this press release, in
CGI Inc.'s annual and quarterly MD&A and in other documents
that we make public, including our filings with the Canadian
Securities Administrators (on SEDAR at www.sedar.com) and the
U.S. Securities and Exchange Commission (on EDGAR
at www.sec.gov). For a discussion of risks in response to the
coronavirus (COVID-19) pandemic, see Pandemic risks in section
8.1.1. of our Q2 2022 MD&A.
Unless otherwise stated, the forward-looking information and
statements contained in this press release are made as of the date
hereof and CGI Inc. disclaims any intention or obligation to
publicly update or revise any forward-looking information or
forward-looking statements, whether as a result of new information,
future events or otherwise, except as required by applicable law.
While we believe that our assumptions on which these
forward-looking information and forward-looking statements are
based were reasonable as at the date of this press release, readers
are cautioned not to place undue reliance on these forward-looking
information or statements. Furthermore, readers are reminded that
forward-looking information and statements are presented for the
sole purpose of assisting investors and others in understanding our
objectives, strategic priorities and business outlook as well as
our anticipated operating environment. Readers are cautioned that
such information may not be appropriate for other purposes.
Further information on the risks that could cause our actual
results to differ significantly from our current expectations may
be found in the section titled "Risk Environment" of CGI Inc.'s
annual and quarterly MD&A, which is incorporated by reference
in this cautionary statement. We also caution readers that the
above-mentioned risks and the risks disclosed in CGI Inc.'s annual
and quarterly MD&A and other documents and filings are not the
only ones that could affect us. Additional risks and uncertainties
not currently known to us or that we currently deem to be
immaterial could also have a material adverse effect on our
financial position, financial performance, cash flows, business or
reputation.
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SOURCE CGI Inc.