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CGI to support Suffolk County's modernization of financial and administrative IT systems with cloud-based CGI Advantage® solution

1. CGI extended a partnership with Suffolk County to modernize their systems. 2. The project upgrades to CGI Advantage® SaaS for enhanced financial management. 3. Transitioning to the cloud improves IT security and operational efficiency. 4. CGI's long experience assures Suffolk County of reliable service delivery. 5. Fiscal 2024 revenue for CGI reported at CA$14.68 billion.

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Why Bullish?

The extension of a multi-decade partnership indicates sustained revenue growth potential. Similar past projects have bolstered CGI's market position and stock price.

How important is it?

The article highlights strategic growth through modernization projects, which is critical for CGI's future success.

Why Long Term?

The focus on modernization and cloud services aligns with long-term industry trends toward digital transformation, likely leading to ongoing contracts and revenue.

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, /PRNewswire/ -- CGI (TSX: GIB.A) (NYSE: GIB), one of the world's largest independent technology and professional services companies, today announced the extension of an ongoing partnership with Suffolk County, New York, to modernize the county's financial and administrative systems. Building on a relationship spanning more than 25 years, CGI will upgrade Suffolk County's technology infrastructure and transition core systems to a secure, cloud-based environment. Under the initiative, Suffolk County will move to the most advanced version of CGI Advantage®, using the Software-as-a-Service (SaaS) platform to manage key functions, including finance, vendor self-service, procurement, debt management, advanced reporting and intelligence. The modernization is the first step in the county's broader initiative to enhance operational resilience, strengthen security, improve outcomes and reduce reliance on legacy systems. Transitioning to the cloud will not only bolster IT security but also free County staff time to focus on strategic initiatives rather than system maintenance. The updated CGI Advantage platform is designed to streamline operations, simplify workflows, and enhance efficiency, setting the County on a path to future innovation. "CGI has proven to be more than just a vendor; they are a true partner," said Suffolk County Comptroller John Kennedy. "This modernization effort ensures our county can deliver more efficient services to our residents while safeguarding critical operations for the future. CGI's long-standing relationship with Suffolk County, combined with its expertise in modernization and secure cloud solutions, made it the partner of choice for this initiative.""This critical initiative reflects the County's commitment to modernization and continuous improvement," said James Titus, Vice-President, Consulting Services in CGI's U.S. East operations. "These and future improvements will ultimately enhance service delivery for Suffolk County residents while ensuring greater resilience and adaptability for years to come."About CGI AdvantageCGI Advantage is a unified ERP platform featuring a powerful combination of modern technology and built-for-government solutions. This secure, intuitive platform organically meets state and local government requirements and streamlines financial management, human resources, performance budgeting, procurement, and business intelligence operations. A proven solution, CGI Advantage is based on more than 46 years of public sector expertise and is supported by an active client community that values innovation and access to CGI's global network of experts. Learn more at cgi.com/advantage.About CGIFounded in 1976, CGI is among the largest independent technology and professional services companies in the world. With 94,000 consultants and professionals across the globe, CGI delivers an end-to-end portfolio of capabilities, from strategic IT and business consulting to systems integration, managed IT and business process services and intellectual property solutions. CGI works with clients through a local relationship model complemented by a global delivery network that helps clients digitally transform their organizations and accelerate results. CGI Fiscal 2024 reported revenue is CA$14.68 billion and CGI shares are listed on the TSX (GIB.A) and the NYSE (GIB). Learn more at cgi.com. Stock Market SymbolsGIB (NYSE)GIB.A (TSX)www.cgi.com/newsroomSOURCE CGI Technologies and Solutions, Inc. WANT YOUR COMPANY'S NEWS FEATURED ON PRNEWSWIRE.COM? 440k+ Newsrooms & Influencers 9k+ Digital Media Outlets 270k+ Journalists Opted In

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