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Revenu Quebec awards CGI $40 million in consulting contracts
Apr 02, 2008 (08:04 AM EDT)
QUEBEC CITY, April 2 /PRNewswire-FirstCall/ - CGI Group Inc. today announced that it has won consulting contracts awarded by Revenu Quebec worth more than $40 million. Under the terms of the contracts, CGI will work with Revenu Quebec to improve the government's existing personal income tax system and will develop a new system. Revenu Quebec will thus gain a robust system that adheres to the strict operational processes used in the management of personal income tax. The updated infrastructure will also enhance the quality of service provided to 5.9 million Quebec taxpayers.
The mandate includes improvements to the current system in addition to management of the project, architecture, development and implementation of the new system.
"Revenu Quebec has confidence in the experience CGI and its partner Systematix will bring to this project to upgrade our personal income tax processing system," stated Jean-Marie Levesque, Assistant Deputy Minister for Revenu Quebec's Direction generale du traitement et des technologies.
"The decision by Revenu Quebec to continue its long term relationship with CGI for an additional three years is testament to our ability to provide public sector agencies with innovative technological solutions that respond completely to their needs and offer the best value," affirmed Claude Marcoux, Senior Vice-President, Systems Integration and Consulting Services, Quebec.
With over 5,000 professionals dedicated to the public sector and more than $1 billion in revenue from this sector, CGI is one of the largest IT and business process services providers to government in Canada and the United States. The company serves Canadian governments from coast-to-coast and over 250 U.S. state and federal agencies. This deep expertise enables public sector clients to modernize and transform with services and solutions that improve the citizen experience, increase efficiency and improve accountability.
Founded in 1976, CGI Group Inc. is one of the largest independent information technology and business process services firms in the world. CGI and its affiliated companies employ approximately 26,500 professionals. CGI provides end-to-end IT and business process services to clients worldwide from offices in Canada, the United States, Europe, Asia Pacific as well as from centers of excellence in North America, Europe and India. CGI's annual revenue run rate stands at $3.7 billion and at December 31st, 2007, CGI's order backlog was $12.04 billion. CGI shares are listed on the TSX (GIB.A) and the NYSE (GIB) and are included in the S&P/TSX Composite Index as well as the S&P/TSX Capped Information Technology and MidCap Indices. Website: www.cgi.com .
All statements in this press release that do not directly and exclusively relate to historical facts constitute "forward-looking statements" within the meaning of that term in Section 27A of the United States Securities Act of 1933, as amended, and Section 21E of the United States Securities Exchange Act of 1934, as amended, and are "forward-looking information" within the meaning of sections 138.3 and following of the Ontario Securities Act. These statements and this information represent CGI's intentions, plans, expectations and beliefs, and are subject to risks, uncertainties and other factors, of which many are beyond the control of the Company. These factors could cause actual results to differ materially from such forward-looking statements or forward-looking information. These factors include and are not restricted to the timing and size of new contracts, acquisitions and other corporate developments; the ability to attract and retain qualified members; market competition in the rapidly-evolving IT industry; general economic and business conditions, foreign exchange and other risks identified in the MD&A, in CGI's Annual Report or Form 40-F filed with the U.S. Securities and Exchange Commission (filed on EDGAR at www.sec.gov www.sedar.com ), the Company's Annual Information Form filed with the Canadian securities authorities (filed on SEDAR at ), as well as assumptions regarding the foregoing. The words "believe," "estimate," "expect," "intend," "anticipate," "foresee," "plan," and similar expressions and variations thereof, identify certain of such forward-looking statements or forward-looking information, which speak only as of the date on which they are made. In particular, statements relating to future performance are forward-looking statements and forward-looking information. CGI disclaims any intention or obligation to publicly update or revise any forward-looking statements or forward-looking information, whether as a result of new information, future events or otherwise, except as required by applicable law. Readers are cautioned not to place undue reliance on these forward-looking statements or on this forward-looking information.
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