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 October 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 October 21, 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 issues unaudited results for fourth quarter
ended September 30, 2002
Montreal, Quebec, October 21, 2002 - CGI Group Inc. (CGI) (TSX: GIB.A; NYSE:
GIB;) a leading provider of end-to-end information technology and business
processing services, today announced unaudited results for its fiscal 2002
fourth quarter ended September 30, 2002.
Revenue was CDN$571.9 million, up 23.8% over revenue of $461.9 million reported
in last year's fourth quarter. In the fourth quarter, net earnings totalled
$35.5 million, or 6.2% of revenue, up 30.3% compared with earnings before
amortization of goodwill of $27.3 million in the same period of 2001, which
represented 5.9% of revenue.
Basic net earnings per share were $0.09 in the fourth quarter, against
comparable cash net earnings per share of $0.08 in last year's fourth quarter.
It should be noted that in accordance with CICA recommendations, CGI stopped
recording amortization of goodwill on October 1, 2001, rendering earnings before
amortization of goodwill (cash net earnings) and net earnings equivalent
starting in fiscal 2002.
Revenue in the fourth quarter was above expectations primarily as a result of
contribution from its joint venture with Canada Post Corporation, Innovapost.
Given an accelerated start-up phase revenue was realized earlier than initially
anticipated.
CGI will announce audited results for the fiscal year ended September 30, 2002
on Tuesday, November 5, 2002 before the markets open. Individuals may listen to
the Company's quarterly conference call at 9:00 am ET by dialing (888) 740-9683
or through the Internet at www.cgi.com.
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$2.3 billion (US$1.5 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 from outsourcing
contracts 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: October 21, 2002 By /s/ Paule Dore
Name: Paule Dore
Title: Executive Vice-President
and Chief Corporate Officer
and Secretary