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 16, 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 no longer in negotiations with BCE Teleglobe for outsourcing agreement
Montreal, Quebec May 16, 2002 - Following requests for information, CGI Group
Inc. (CGI) (TSX: GIB.A; NYSE: GIB) wishes to inform its stakeholders that it is
no longer in negotiations with BCE Teleglobe at this time regarding a potential
IS/IT outsourcing contract. On March 18, both companies had announced the
signing of a memorandum of understanding for the management and operation of BCE
Teleglobe's processing infrastructure.
For CGI, the potential agreement was valued at between CDN$125-150 million over
an expected term of seven years. CGI did not provide any billable services to
BCE Teleglobe following the signing of this memorandum of understanding. Since a
formal contract was never signed, the potential value of the agreement was
included neither in CGI's financial guidance for fiscal 2002, nor in its
backlog, currently valued at CDN$10.7 billion.
About CGI
Founded in 1976, CGI is the fourth largest independent information technology
services firm in North America, based on its headcount of 13,700 professionals.
CGI's annualized revenue run-rate totals CDN$2.1 billion (US$1.3 billion). CGI's
order backlog currently totals CDN$10.7 billion (US$6.7 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 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.ca.
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
2
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:
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 16, 2002 By /s/ Paule Dore
Name: Paule Dore
Title: Executive Vice President
and Chief Corporate Officer
and Secretary