Home / Financial Report / CGI Separates Health Sector Growth from Government Vertical

CGI Separates Health Sector Growth from Government Vertical

CGI (NYSE: GIB) announced today it will begin reporting health sector growth in a separate “Health” vertical segment. That growth is currently included in its government and financial services verticals.

The company said the sector’s strong performance and its importance to CGI’s global growth strategy resulted in the separation.

The sector has grown 28.1 percent over the past three years on a compounded annual growth rate basis and it now generates approximately $350 million in annual revenue, according to company figures.

The company also reported that the sector had a fiscal 2011 book-to-bill ratio of 120 percent of revenue and had a backlog in excess of $1.2 billion as of Sept. 30.

“Health is an important market and represents a significant growth opportunity for CGI, ” said Michael E. Roach, CGI’s president and CEO. “By reporting health separately, our clients and investors will have greater visibility into our operations, including the depth and breadth of our capabilities.”

Check Also

Northrop to Continue Army Logistics Support Under $101M Contract Modification

The U.S. Army has awarded Northrop Grumman (NYSE: NOC) a one-year, $101.1M contract modification to continue to provide logistics support for government-owned, fixed-wing aircraft.

Raytheon Gets $191M Navy Contract Modification for Updated Seasparrow Missile Production Items, Spares

Raytheon's (NYSE: RTN) missile systems business has secured a $190.5M contract modification from the U.S. Navy to obtain the remaining materials needed to produce lots 1 through 3 of Block 2 Evolved Sea Sparrow Missile system.