CGI Has Plenty of Dry Powder for M&A in 2025 -- Market Talk

Dow Jones

Jan 29, 2025

1009 ET - CGI's CEO says that the Canadian IT firm has plenty of cash to put towards acquisitions this year, including transformational ones. Francois Boulanger says in an earnings call that the company doesn't have a real target set for the year, but noted that CGI has about C$1.7 billion to C$1.9 billion in cash and lots of leverage leeway to work with. "We have lots of dry powder to do acquisitions, and we have the balance sheet and a low leverage ratio," he says. "We don't have a number, but the only cap we have is the 3x leverage," he says, noting that the current ratio remains far lower. "Lots of space for M&A, including transformational acquisitions," Boulanger says. (adriano.marchese@wsj.com)

(END) Dow Jones Newswires

January 29, 2025 10:09 ET (15:09 GMT)

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Francois Boulanger says in an earnings call that the company doesn't have a real target set for the year, but noted that CGI has about C$1.7 billion to C$1.9 billion in cash and lots of leverage leeway to work with. \"We have lots of dry powder to do acquisitions, and we have the balance sheet and a low leverage ratio,\" he says. \"We don't have a number, but the only cap we have is the 3x leverage,\" he says, noting that the current ratio remains far lower. \"Lots of space for M&amp;A, including transformational acquisitions,\" Boulanger says. (adriano.marchese@wsj.com) \n</p>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  January 29, 2025 10:09 ET (15:09 GMT)\n</p>\n<p>\n  Copyright (c) 2025 Dow Jones &amp; Company, Inc.\n</p>\n</font>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>CGI Has Plenty of Dry Powder for M&A in 2025 -- Market Talk</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nCGI Has Plenty of Dry Powder for M&A in 2025 -- Market Talk\n</h2>\n\n<h4 class=\"meta\">\n\n\n<div class=\"head\" \">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Dow Jones </p>\n<p class=\"h-time\">2025-01-29 23:09</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<font class=\"NormalMinus1\" face=\"Arial\">\n<p>\n     1009 ET - CGI's CEO says that the Canadian IT firm has plenty of cash to put towards acquisitions this year, including transformational ones. Francois Boulanger says in an earnings call that the company doesn't have a real target set for the year, but noted that CGI has about C$1.7 billion to C$1.9 billion in cash and lots of leverage leeway to work with. \"We have lots of dry powder to do acquisitions, and we have the balance sheet and a low leverage ratio,\" he says. \"We don't have a number, but the only cap we have is the 3x leverage,\" he says, noting that the current ratio remains far lower. \"Lots of space for M&amp;A, including transformational acquisitions,\" Boulanger says. (adriano.marchese@wsj.com) \n</p>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  January 29, 2025 10:09 ET (15:09 GMT)\n</p>\n<p>\n  Copyright (c) 2025 Dow Jones &amp; Company, Inc.\n</p>\n</font>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK4134","symbol_name":"信息科技咨询与其它服务","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2507180632","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2507180632","pubTimestamp":1738163340,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"1009 ET - CGI's CEO says that the Canadian IT firm has plenty of cash to put towards acquisitions this year, including transformational ones. Francois Boulanger says in an earnings call that the company doesn't have a real target set for the year, but noted that CGI has about C$1.7 billion to C$1.9 billion in cash and lots of leverage leeway to work with. \"We have lots of dry powder to do acquisitions, and we have the balance sheet and a low leverage ratio,\" he says. \"We don't have a number, but the only cap we have is the 3x leverage,\" he says, noting that the current ratio remains far lower. \"Lots of space for M&A, including transformational acquisitions,\" Boulanger says. ","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"BK4134":"信息科技咨询与其它服务","GIB":"CGI Group Inc Cl A","CGI":"萨拉东"},"translate_title":"CGI 2025年并购有充足干粉——市场讨论","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"GIB":0.9,"CGI":1},"content_text":"1009 ET - CGI's CEO says that the Canadian IT firm has plenty of cash to put towards acquisitions this year, including transformational ones. Francois Boulanger says in an earnings call that the company doesn't have a real target set for the year, but noted that CGI has about C$1.7 billion to C$1.9 billion in cash and lots of leverage leeway to work with. \"We have lots of dry powder to do acquisitions, and we have the balance sheet and a low leverage ratio,\" he says. \"We don't have a number, but the only cap we have is the 3x leverage,\" he says, noting that the current ratio remains far lower. \"Lots of space for M&A, including transformational acquisitions,\" Boulanger says. (adriano.marchese@wsj.com) \n\n\n  (END) Dow Jones Newswires\n\n\n  January 29, 2025 10:09 ET (15:09 GMT)\n\n\n  Copyright (c) 2025 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":true,"code":"91000000","status":"200"}}}