CGI is a global IT services and consulting firm that helps governments and large enterprises design, build, and run technology systems. CGI operates across two core service types: managed services, where CGI takes over and runs a client's IT operations under long-term contracts, often with committed cost savings; and systems integration and consulting (SI&C), where CGI designs and implements technology solutions on a project basis. Beyond services, CGI develops and sells its own proprietary software platforms — covering government ERP, wealth management, financial crime detection, and credit lifecycle management — which represent roughly 20-21% of total revenue and are often embedded within larger service contracts. CGI's largest verticals are government and financial services, with manufacturing, retail, and utilities rounding out its commercial book. CGI serves clients across North America, Europe, and Asia Pacific through a "client proximity" model — local offices embedded in metro markets paired with offshore delivery, primarily from India, to manage costs. M&A is a core part of CGI's growth strategy: CGI acquires IT services firms, typically SI&C-focused, integrates them, and cross-sells managed services and offshore delivery into the acquired client base to expand revenue and improve margins. Recent acquisitions include Daugherty in the U.S., BJSS in the U.K., Novatec in Germany, and Apside in France. CGI's backlog of roughly $30-31B, approximately 2x annual revenue, is heavily weighted toward managed services, providing strong revenue visibility.