Topic: How To Invest

The Successful Investor Hotline – Friday, April 5, 2024

Article Excerpt

CGI INC., $144.84, Toronto symbol GIB.A, is your #1 Aggressive Buy for 2024. The company is Canada’s largest provider of computer outsourcing services. It helps its clients automate certain routine functions like accounting and buying supplies. That makes companies more efficient and lets them focus on their main businesses. CGI fuels its growth with a “Build and Buy” strategy. The “Build” part refers to the expansion of its current client relationships and the development of new ones. The “Buy” part involves making acquisitions. Under the Build part of that strategy, CGI has won two new contracts in the U.K. Market Operator Services Ltd. (MOSL), which supplies water and wastewater removal services to 1.2 million business customers, has extended its contract with CGI. Under this deal, the company manages MOSL’s online hub that handles electronic customer transactions, including providing water usage and settlement data. This five-year deal is worth $18.7 million. As well, the U.K. government’s Cabinet Office selected CGI to help it convert its records to…