SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549
FORM 6-K
REPORT OF FOREIGN PRIVATE ISSUER
PURSUANT TO RULE 13a-16 OR 15d-16 OF
THE SECURITIES EXCHANGE ACT OF 1934
For the month of September 2002.
CGI Group Inc.
(Translation of Registrant's Name Into English)
1130 Sherbrooke Street West
5th Floor
Montreal, Quebec
Canada H3A 2M8
(Address of Principal Executive Offices)
(Indicate by check mark whether the registrant files or will file annual
reports under cover of Form 20-F or Form 40-F.)
Form 20-F Form 40-F |X|
(Indicate by check mark whether the registrant by furnishing the
information contained in this form is also thereby furnishing the information to
the Commission pursuant to Rule 12g3-2(b) under the Securities Exchange Act of
1934.)
Yes No |X|
(If "Yes" is marked, indicate below the file number assigned to the registrant
in connection with Rule 12g3-2(b): 82-___.
Enclosure: Press release dated September 25, 2002.
This Form 6-K shall be deemed incorporated by reference in the Registrant's
Registration Statement on Form S-8, Reg. Nos. 333-13350, 333-66044 and
333-74932.
PRESS RELEASE FOR IMMEDIATE PUBLICATION
CGI provides guidance for fiscal 2003
Montreal,September 25, 2002 - CGI Group Inc. (CGI) (TSX: GIB.A; NYSE: GIB) today
issued revenue and earnings guidance for its fiscal year ending September 30,
2003, following yesterday's approval by the board of directors of its operating
and budget plan for the coming year. Based on what is known today about market
conditions and demand for IT and Business Process Services outsourcing, CGI
expects base revenue for its 2003 fiscal year to be between CDN$2.4 and CDN$2.6
billion and net earnings per share to be in the range of CDN$0.43 to CDN$0.47.
This guidance excludes the impact of any acquisition or large outsourcing
contract contributing more than $100 million per year in revenues.
"We believe that CGI is well positioned to continue growing and that the current
environment is favorable to us in a number of ways," said Serge Godin, chairman
and CEO of CGI. "CGI generates a significant proportion of its revenue from
Canada, where market conditions remain stable. Our outsourcing clients, which
represent approximately 70% of total revenue, feed demand for additional systems
integration and consulting services. A significant proportion of our SI&C work
is with various government entities, a market where demand has remained solid.
Going forward, CGI will continue to excel in all markets in Canada. In the US
and Europe, we will continue to focus on the middle market, where demand is
strong and companies continue to sign IT or BPS outsourcing contracts valued
between $25 and $200 million per year."
CGI will issue its audited financial results for fiscal 2002 on Tuesday,
November 5, 2002, before the markets open.
About CGI
Founded in 1976, CGI is the fourth largest independent information technology
services firm in North America, based on its headcount. CGI and its affiliated
companies employ 14,600 professionals. CGI's annualized revenue run-rate totals
CDN$2.1 billion (US$1.3 billion). CGI's order backlog totals CDN$10.4 billion
(US$6.7 billion). CGI provides end-to-end IT services and business solutions to
more than 3,000 clients worldwide from more than 60 offices. CGI's shares are
listed on the TSX (GIB.A) and the NYSE (GIB). They are included in the TSX 100
Composite Index as well as the S&P/TSX Canadian Information Technology and
Canadian MidCap Indices. Website: www.cgi.com
2
Forward-Looking Statements
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. These statements represent CGI Group Inc.'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.
These factors include and are not restricted to the timing and size of
contracts, acquisitions and other corporate developments; the ability to attract
and retain qualified employees; 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 Group Inc.'s Annual Report or Form 40-F filed with the
SEC, the Company's Annual Information Form filed with the Canadian securities
authorities, 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, which speak only as of the date on which they are
made. In particular, statements relating to future revenue and earnings are
forward-looking statements. CGI disclaims any intention or obligation to
publicly update or revise any forward-looking statements, whether as a result of
new information, future events or otherwise. Readers are cautioned not to place
undue reliance on these forward-looking statements.
-30-
For more information:
CGI:
Investor relations
Julie Creed
Vice-president, investor relations
(312) 201-4803
Ronald White
Director, investor relations
(514) 841-3230
Media relations
Eileen Murphy
Director, media relations
(514) 841-3430
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf by the
undersigned, thereunto duly authorized.
CGI GROUP INC.
(Registrant)
Date: September 25, 2002 By /s/ Paule Dore
Name: Paule Dore
Title: Executive Vice-President
and Chief Corporate Officer
and Secretary