CGI's Organic Growth Seen Gaining Momentum -- Market Talk

1408 ET - CGI's organic growth should benefit from a stronger pipeline. National Bank of Canada's Doug Taylor notes in a report that organic growth improved sequentially, to a contraction of 1.2% from -3.0% in the previous quarter. This should continue to get better, as U.S. Federal contracts returned to growth with a "strong pipeline across Managed services (+20% Y/Y), SI&C (+30%), IP (+30%) and AI (double Y/Y)," which should help drive bookings and organic growth in the quarters to come, Taylor says. "This reacceleration back into positive territory is a key tenet of our positive near-term thesis," he adds.(adriano.marchese@wsj.com)

(END) Dow Jones Newswires

July 29, 2026 14:08 ET (18:08 GMT)