#Cgi stands for it company series#

This enables the testing of various visual and narrative concepts, notably those complicated to enforce in actual situations.ģD modelling: CGI allows artists to create a three-dimensional representation of any object, surface, or live creature, such as dragons or monsters. The cameraman & producer get a glimpse of how a specific shot will appear this way. Pre-visualisation: Special effects artists use 3D computer models to simulate alternative live-action shots in a process known as pre-visualisation or pre-viz for short. Filmmakers use CGI in a variety of ways, including: CGI is now frequently more cost-effective. That’s an average annual growth rate of over 17 per cent.Special effects were created with real-life practical effects before computer-generated technologies. We originally recommended buying CGI in my Internet Wealth Builder newsletter in 2012 at $24.42. CGI renewed its normal course issuer bid for up to 18.8 million Class A shares. During the latest quarter, the company spent $10.3-million to repurchase and cancel just over 100,000 shares at an average cost of $102.81. However, CGI does reinvest in its own shares. The directors prefer to use cash flow for more acquisitions, rather than distribute it to shareholders. The only significant negative about this stock is that it does not pay a dividend, despite CGI’s healthy bottom line. Schindler commented: “Our ongoing investments continued to deliver value for all of our stakeholders, notably in our strong positioning as a trusted partner for clients’ digitization priorities, which contributed to generating over $4-billion in bookings during the quarter, of which one-third were new business.” The order backlog is just over $25-billion, or 1.9 times annual revenue.Ĭhief executive officer George D. The company reported bookings of $4.04-billion, for a book-to-bill ratio of 117 per cent. On a per share basis, that was up 7.4 per cent over the same period of fiscal 2022.

Net earnings were $382.4-million ($1.60 per diluted share). Revenue was $3.45-billion, up 12.3 per cent on a constant-currency basis over the year before. First quarter results for the 2023 fiscal year were released on Feb. The company now employs 90,000 people worldwide.Īnd CGI is still growing. Revenue in the 2022 fiscal year was $12.87-billion. The company continues to grow, with at least one major acquisition every year. 30), CGI’s annual revenue had reached $10.7-billion. This made CGI the world’s fifth-largest independent IT and business consulting services firm.īy the end of CGI’s 2016 fiscal year (which ends Sept. The acquisition increased the size of CGI’s staff from 31,000 to 68,000 and offered greater presence, service capabilities and expertise for clients across the Americas, Europe and Asia. In 2012, CGI made its largest acquisition to date, merging with the Anglo-Dutch business and technology services company Logica PLC. This transaction doubled the size of CGI in the United States and tripled its presence in Europe.īy 2006, annual revenue was up to $3.5-billion. A 2004 merger with American Management Systems Inc.to add Indian operations to the portfolio, providing clients with expanded global delivery options. A 1998 merger with Bell Sygma that led to the signing of the largest Canadian outsourcing contract of that time, nearly doubling the size of CGI.

#Cgi stands for it company series#

Over the next few years, the company made a series of key acquisitions that transformed it into a global powerhouse. By 1996, annual revenue had grown to $122-million.īut CGI was just getting going.

To finance the deal, CGI went public, issuing 800,000 Class A shares at a price of $6.50.Īs globalization took hold, CGI extended its operations beyond Canada. The company acquired rival BST Group Inc. At that point, CGI embarked on a business strategy that eventually made it an international giant.