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 May 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 May 3, 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
Canada Post Corporation and CGI establish new IT services company
o Ten year full IT outsourcing agreement valued at
CDN $3.5 billion
o Senior executive appointments announced
Ottawa, Ontario, May 3, 2002 - Canada Post Corporation and CGI Group
Inc. (NYSE: GIB; TSE: GIB.A) (CGI) today announced the signing of a
shareholders' agreement which finalized the terms and conditions of
a new jointly-owned information technology (IT) services company,
with Canada Post Corporation as the majority owner with 51% and CGI
owning 49%. The company, plans for which were announced in September
2001, will provide all IT services, including e-business solutions
to The Canada Post Group as well as to other postal organizations
worldwide.
The company essentially begins operations today and after a start up
period expects to begin generating revenue by September and realize
total revenue of CDN$200 million in its first year, CDN$400 million
by year three and approximately CDN$3.5 billion over ten years. The
contract is expected to add approximately CDN$1.75 billion to CGI's
backlog.
This agreement is for a ten-year term with a five-year renewal
option. During the term, CGI will provide, amongst other IS/IT
services, all basic technology management services. The company will
employ some 750 professionals.
"The Canada Post Group requires world-class information technology
services capabilities to continue to compete effectively in its
market and in the e-commerce world of today and in the future," said
the Honourable Andre Ouellet, president and chief executive officer
of Canada Post Corporation. "The postal industry has changed
dramatically in recent years and in the years ahead we will need to
work ever more closely with the high technology sector to grow our
business. This new company will allow The Canada Post Group to
benefit from an unparalleled concentration of postal and e-commerce
skills and knowledge, helping us not only to evolve but also to
surpass and anticipate our clients' needs."
Serge Godin, chairman and chief executive officer of CGI added:
"Growing postal services for all stakeholders through leading-edge
technology requires the coming together of strong players, robust
technology that meets specific business needs, maintaining a
constant eye to the future as we propel this new company to a
world-class level. We are all very proud and excited about what we
are collectively building."
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The new IT services company is part of Canada Post Corporation's
strategy to maintain and strengthen its position in the emerging
digital economy by creating a flexible, customer-focused IT
organization. It will deliver world class IT services to The Canada
Post Group while reducing information services costs. Most
importantly, it will also improve the ability of The Canada Post
Group to deliver timely IT solutions to meet its business objectives
and those of its customers.
Mr. Ouellet and Mr. Godin also announced the appointment of Daniel
Rocheleau as interim chief executive officer and Jacques Giguere as
interim executive vice-president respectively of the new company
effective immediately. Mr. Rocheleau is currently executive
vice-president and chief business engineering officer at CGI, where
he is responsible for the development of large strategic outsourcing
and partnership initiatives for CGI worldwide. Mr. Giguere was
formerly senior vice-president for the Integrated Technology
Management business unit at CGI where he led a team of over 2,000 IT
professionals.
"I am very excited about this initiative and feel strongly that we
have a solid team in place. The mix of culture and skills will make
for a dynamic group primed for reaching our goal, that of providing
world class IT services at a more competitive price," said Mr.
Rocheleau, interim chief executive officer of the new firm.
Executives of the new company are now working with the companies of
The Canada Post Group and their respective IT suppliers to ensure a
smooth and efficient transition.
About Canada Post Corporation
Canada Post Corporation delivers 37 million pieces of mail each day
to over 30 million Canadians at some 13 million addresses and nearly
1 million Canadian businesses from coast to coast to coast.
Incorporated in 1981, its more than 56,000 people and 7,000 postal
outlets, the largest retail network in Canada, are a trusted
presence in communities across the country, as they have been for
more than 150 years. In 2001, it earned net income of CDN$67 million
on revenues of CDN$4.4 billion. (In 2001, the Corporation changed
its fiscal year end from the last Saturday in March to the last day
in December, resulting in a nine-month fiscal period from April 1,
2001 to December 31, 2001.) Canada Post Corporation is a world
leader, providing innovative physical and electronic delivery
solutions, creating value for its customers and new ways to
communicate that are bold, innovative and effective. It connects
Canadians from anywhere... to anyone. Website: www.canadapost.ca.
About CGI
Founded in 1976, CGI is the fourth largest independent information
technology services firm in North America, based on its headcount of
more than 13,700 professionals. CGI's annualized revenue run-rate
totals US$1.3 billion (CDN$2.1 billion). CGI's order backlog
currently totals US$6.7 billion (CDN$10.7 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 NYSE (GIB) and the TSE (GIB.A). They are included in the TSE
100 Composite Index as well as the S&P/TSE Canadian Information
Technology and Canadian MidCap Indices. Website: www.cgi.ca.
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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 the Private Securities Litigation
Reform Act of 1995. 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 commissions, on the Registration Statement on Form F-4
filed with the SEC in connection with the acquisition of IMRglobal
and with the Forms 10-K and 10-Q of IMRglobal filed with the SEC for
the periods ended December 31, 2000 and March 31, 2001 respectively.
All of the risk factors included in these filed documents are
included here by reference. CGI disclaims any intention or
obligation to update or revise any forward-looking statements,
whether as a result of new information, future events or otherwise.
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For more information:
Canada Post
Media Relations
John Caines
Manager, media relations
(613) 734-8888
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: May 3, 2002 By /s/ Paule Dore
Name: Paule Dore
Title: Executive Vice President
and Chief Corporate Officer
and Secretary