Bullboard - Stock Discussion Forum CGI Inc T.GIB.A

Alternate Symbol(s): GIB

Technology Information Technology Services

CGI Inc. is a Canada-based information technology (IT) and business consulting services firm. The Company 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. Its segments include Western and Southern Europe (primarily France, Spain and Portugal); United... see more

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TSX:GIB.A - Post Discussion

CGI Inc > Chris Blumas - BNN -TOP PICK

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Post by Possibleidiot01 on Apr 18, 2024 2:23pm

Chris Blumas - BNN -TOP PICK

CGI (GIB.A TSX)

CGI is an IT outsourcing and consulting company, and its revenues are split almost evenly between these service offerings. The company has clients around the world and a strong competitive position in North America and Europe. As companies look to boost their efficiency and transition to a more digital world, CGI’s service offerings and global delivery model lead to enduring client relationships and a high level of recurring revenues. Going forward, the CGI is well positioned to benefit from trends in digitization and has the financial flexibility to create value through acquisitions, organic initiatives, and share buybacks. The shares currently trading around 18 times forward earnings and have a trailing free cash flow yield of almost six percent. CGI does not pay a dividend to shareholders.

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Comment by Possibleidiot01 on Apr 18, 2024 2:54pm

From stockchase.com TOP PICK CGI Group (A)(GIB.A-T) 18/04/2024 The name companies turn to for offsetting cost pressures and digitizing a business. Wonderful demand drivers, lovely business economics. Generates lots of cash. Valuation around 17x earnings, very robust FCF yield of 6%. Global growth platform. No dividend. Recent pressure likely ...more

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