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FAIRFAX, VA, Jan. 11 /CNW Telbec/ - CGI Federal Inc. (CGI), a wholly-owned U.S. operating subsidiary of CGI
Group Inc. (NYSE: GIB; TSX: GIB.A), has signed contract renewals with
state and local housing agency partners worth US$40.3 million through
September 30, 2011. The contracts are in support of the U.S. Department
of Housing and Urban Development's (HUD) Section 8 Performance Based
Contract Administration (PBCA) program.
In conjunction with state and local housing agencies, CGI administers
HUD's multi-family housing programs in California, Florida, New York,
Ohio, and Washington, DC. CGI's contract is performance-based and,
since its award 10 years ago, the company has demonstrated a strong
track record of performance on behalf of its partner housing agencies.
CGI's operational excellence has resulted in meeting more than 99
percent of its metrics while generating crucial revenue for its partner
housing agencies, enabling them to fulfill their mission of providing
housing to those in need.
"We are pleased to continue our decade-long partnership with our housing
agency clients," said Marybeth Carragher, Vice-President, CGI. "Our
team delivers the support and expertise needed to help our clients
ensure safe, decent, and affordable housing for low-income families and
About CGI Federal Inc.
CGI Federal Inc. is a wholly-owned U.S. operating subsidiary of CGI
Group Inc., dedicated to partnering with federal agencies to provide
solutions for defense and civilian missions. 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 31,000 professionals. CGI provides
end-to-end IT and business process services to clients worldwide from
offices and centers of excellence in the United States, Canada, Europe
and Asia Pacific. As at September 30, 2010, CGI's revenue was C$3.7
billion and its order backlog was C$13.3 billion. CGI shares are listed
on the NYSE (GIB) and the TSX (GIB.A) and are included in both, the Dow
Jones Sustainability Index and the FTSE4Good Index. 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, as amended. These statements
and this information represent CGI Group Inc.'s ("CGI") 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 information technology
industry; general economic and business conditions, foreign exchange
and other risks identified in the Management's Discussion and Analysis
("MD&A") in CGI's Annual Report on Form 40-F filed with the U.S.
Securities and Exchange Commission (filed on EDGAR at www.sec.gov), and in CGI's annual and quarterly MD&A and Annual Information Form
filed with the Canadian securities authorities (filed on SEDAR at www.sedar.com), 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.
SOURCE CGI GROUP INC.
For further information:
Manager, Investor Relations
Vice-President, US Communications