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June 14, 2024
PI Global Investments

CGI Group Partners with UK’s NATS to Modernize Digital Infrastructure

CGI Group Partners with UK’s NATS to Modernize Digital Infrastructure

CGI Group (GIB) is riding a wave of success. The IT and business consulting services firm is expanding its client base and has recently inked a seven-year partnership with NATS, the UK’s primary air traffic control service provider. CGI will be enhancing and modernizing NATS’ digital infrastructure and services, contributing to improved resilience, flexibility, and scalability. The deal will see CGI not only deliver data center and hosting services to aid NATS’ transition to a hybrid cloud model but also provide consulting services to manage the company’s complex IT portfolio.

CGI Group’s Growth Trajectory

This partnership is just one facet of CGI Group’s broader growth trajectory. The company’s shares have seen a year-to-date return of 21.4%, outpacing the industry average. CGI’s expanding clientele includes recent contracts with the City of Dallas, USSTRATCOM, Scotiabank, and Alimentation Couche-Tard. The company’s strong alliances with tech giants such as Amazon, Alphabet, and Microsoft also fuel its growth.

CGI’s Commitment to Cloud Technology

CGI’s commitment to cloud technology is clearly seen in its initiatives like the UNIDO Sustainability Planet Platform with Google Cloud and a membership in the Microsoft Intelligent Security Association. Additionally, CGI offers cloud-based solutions like the CGI All Payments on AWS Marketplace. These collaborations and offerings are transforming CGI into a key player in the global tech scene.

Acquisition of Momentum Consulting and Future Growth

In addition to these collaborations, CGI’s acquisition of Miami-based Momentum Consulting has bolstered its U.S. presence. The company follows a proximity-based business model, emphasizing local expertise and comprehensive services. This business model positions CGI well for future growth. The Zacks Consensus Estimate for CGI’s first-quarter fiscal 2024 revenues suggests a 2.07% year-over-year increase, with earnings projected to grow by 7.38%.

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