CGI wins $162 million UK Cabinet Office digital contract

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CGI wins $162 million UK Cabinet Office digital contract

LONDON - CGI Inc. (TSX: GIB.A) (NYSE: GIB), a global IT and business consulting services firm, has been chosen by the UK Government's Cabinet Office to be its Strategic Delivery Partner for digital transformation initiatives. The Cabinet Office Digital (CO Digital) department awarded CGI a five-year contract valued at approximately $162 million.

The partnership will see CGI working alongside CO Digital to offer a variety of digital, data, and technology services, aimed at supporting the digital transformation of the Cabinet Office's Business Units. This collaboration is expected to enhance delivery, innovation, and value creation within the Cabinet Office, facilitating its evolution into a more digitally enabled entity.

Michael Hill, the Chief Digital Information Officer for the Cabinet Office, expressed enthusiasm for the new partnership with CGI, anticipating that it will bolster the Cabinet Office's delivery capabilities and innovation efforts. Tara McGeehan, President of CGI in the UK & Australia, echoed this sentiment, highlighting CGI's proven track record with the UK Government and its contributions to critical national infrastructure.

The contract outlines CGI's role in accessing an ecosystem of partners, including small and medium-sized enterprises, to provide specialized services. Moreover, the contract stipulates CGI's commitment to delivering social value through initiatives such as digital skills training for armed forces veterans and hosting events for women in technology.

CGI, established in 1976, stands as one of the leading independent IT and business consulting services firms globally. The company boasts a workforce of over 90,500 consultants and professionals, offering a comprehensive range of services from strategic IT and business consulting to systems integration and managed services. For the fiscal year 2023, CGI reported revenues of CA$14.30 billion.

This strategic partnership is based on a press release statement.

InvestingPro Insights

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