From Nasdaq:

CGI Group is partnering with NATS, the U.K.’s leading air traffic control service provider. This seven-year agreement will modernize NATS’ digital infrastructure, delivering data center and hosting services and a hybrid cloud model. It will also include CGI’s consulting services and practices to manage its IT portfolio.

CGI’s expanding customer base, including City of Dallas, U.S. Strategic Command, Scotiabank, and Alimentation Couche-Tard, is expected to drive top-line growth. The company’s strong partner base with Amazon, Alphabet, and Microsoft has been a catalyst. Moreover, CGI’s cloud-ready enterprise payments solution, CGI All Payments, launched on AWS Marketplace has streamlined payment procedures for banks.

CGI has been experiencing strong growth, evidenced by its year-to-date returns of 21.4%. The company is expected to continue its growth, with the Zacks Consensus Estimate for first-quarter fiscal 2024 revenues indicating a 2.07% year-over-year increase. The company’s outlook is strong due to its worldwide network of experts and capabilities combined with local services for clients.



Read more: CGI Group (GIB) Rides on Expanding Clientele, Adds UK’s NATS