Boulanger noted that the current economic climate is prompting some companies to consider selling, creating acquisition opportunities for CGI. The firm is not considering layoffs, contrasting with trends in the tech sector, and is focused on helping clients achieve cost savings through automation and AI. CGI's recent acquisitions include Aeyon in the U.S. and the credit union business of Celero in Canada. The company is optimistic about its future growth prospects, particularly in the U.S. market, as it continues to expand its capabilities and client base.
Key takeaways:
- CGI Inc. is actively pursuing mergers and acquisitions, recently agreeing to buy UK-based BJSS Ltd. and previously acquiring Daugherty Business Solutions LLC.
- The company sees significant opportunities in the U.S., particularly with the Department of Government Efficiency led by Elon Musk, which aligns with CGI's expertise in system automations.
- CGI plans to add over 3,500 consultants to its workforce, which currently stands at 91,000 globally, as part of its expansion strategy.
- CGI's CEO, Francois Boulanger, highlighted that market pressures are encouraging potential acquisition targets to consider selling, despite competition from private equity firms.