GIB. A is mostly considered a defensive play within the tech sector, and most defensive names have not done well lately relative to growth stocks. In addition, GIB.A’s growth rate has not been that strong in recent quarters due to the cyclical downturn in the consulting industry. That being said, consensus estimates expect the company’s growth to recover to around 8% for FY2025. GIB.A is not a type of name that grows strongly and hits new highs during bull markets. We view GIB.A as a high-quality, defensive name that could do well over time with minimal volatility.
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