CGI has launched a high-security sovereign AI platform in Finland. This initiative aims to enhance the company’s AI-driven services amid increasing compliance demands.
As of midday, CGI reported impressive financial results for its second quarter. The company earned $444.7 million, a rise from $429.7 million the previous year.
The profit translates to $2.09 per diluted share, up from $1.89 per share last year. On an adjusted basis, CGI’s earnings reached $2.27 per diluted share, compared to $2.12 a year earlier.
Key financial metrics:
- Revenue totaled $4.16 billion, up from $4.02 billion last year.
- Bookings for the quarter reached $4.31 billion.
- Backlog stood at $31.50 billion as of March 31.
François Boulanger, CGI’s CEO, stated that the company delivered a strong first half of the fiscal year with industry-leading EPS accretion and cash generation.
CGI employs approximately 94,000 consultants and professionals worldwide. Founded in 1976, it ranks among the largest independent IT and business consulting firms globally.
The launch of this sovereign AI platform is part of CGI’s broader strategy to meet rising regulatory requirements and client expectations for data security.
The full impact of this new platform on CGI’s revenue growth remains unclear. However, it reflects the company’s commitment to expanding its data services portfolio.