Review of CGI Inc.

APR 25, 2024 - GIBA is one of the largest IT consulting firms in the world and one of Canada’s most successful publicly traded companies. GIBA has been a long-term compounder with a 10-year annualized growth rate of 14.65%. While GIBA competes in a crowded space with some of the largest international companies such as Accenture and IBM, GIBA has been steadily able to grow its business by winning large contracts and acquiring companies adding to its portfolio of business. GIBA is a stable business that has a large backlog, generates high cash flows, and buys back shares. We are initiating coverage at a ‘B+.’