Topic: How To Invest

The Successful Investor Hotline – Friday, July 19, 2024

Article Excerpt

CGI INC., $145.45, 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 a new contract from the city of Austin, Texas. The company will help Austin modernize its enterprise resource planning (ERP) systems, which consolidate and automate various financial and other functions into a single platform. That helps improve efficiency and lower costs. CGI also recently upgraded the ERP system for the city of Los Angeles, California. Deals like these enhance the company’s reputation, and typically lead to many years of new contracts to upgrade existing…