CGI Sees Positives in Wake of Stanley Purchase; Donna Morea Comments

Donna Morea

CGI Group (NYSE: GIB; TSX: GIB.A) released the following financial statement:

“[The firm] maintained strong booking momentum in the U.S. Public Sector as it closed its first quarter of Fiscal Year 2011 on Dec. 31, 2010, with nearly $550M in bookings. As its largest public sector unit, CGI Federal Inc., the company’s wholly owned subsidiary serving the U.S. federal government, contributed significantly from all sectors (defense and civilian) to the strong quarter’s bookings—the company’s first full quarter of combined operations following the acquisition of Stanley, Inc.

“In addition to contract extensions, task order recompetes, and contract renewals with a range of U.S.  government clients, highlights of Q1 awards included CGI’s selection as one of 11 companies awarded a government-wide Blanket Purchase Agreement for Cloud-Based Infrastructure as a Service by the General Services Administration; $55M five-year task order from the Centers for Medicare & Medicaid Services (CMS) for software development and operational support services for its Provider Enrollment Chain Ownership System (PECOS); selection as the ERP vendor for the City of Mesa, Ariz., for $15.6M; award of $18 million in contracts in support of the U.S. Marine Corps Systems Command Training and Education Command; and a $22 million task order by the Environmental Protection Agency for support of its agencywide call center.

“It’s energizing to our whole government team across the U.S. to have closed our first full quarter together so strongly, ” said Donna Morea, president, CGI U.S., Europe and Asia.

George Schindler, president, CGI Federal added:

“Delivering on our commitments is possible because our culture is well aligned—we share the same core values and are fully committed to our client’s missions. I am continually impressed with our integrated team approach which has enabled us to maintain our focus and deliver exceptional value for our clients.”

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