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CGI awarded $2 billion information technology contract extension from BCE

Contract runs through to 2026 and extends the more than 15-year relationship between companies


November 12, 2014
by The Canadian Press

MONTREAL—CGI Group says it has been awarded a $2 billion information technology contract extension from Bell Canada parent company BCE.

The contract which runs through to December 2026 extends the more than 15-year relationship between the two Montreal-based companies.

CGI operates Bell’s IT network by supporting hundreds of applications.

The IT company will announce its fourth-quarter results on Thursday.

Its net profit is expected to surge to $222 million from $141 million a year earlier on $2.57 billion of revenues, according to analysts polled by Thomson Reuters.

Excluding one-time items, the adjusted profit is forecast to increase nine per cent to $233 million or 73 cents per share.