CGI Says National Bank Of Canada Has Renewed Its Digital Transformation Partnership For 10 Years; No Terms Disclosed
Portfolio Pulse from Benzinga Newsdesk
CGI has announced the renewal of its digital transformation partnership with the National Bank of Canada for 10 years. The terms of the deal were not disclosed. CGI will provide a variety of technology services and solutions aimed at improving the Bank's client experience and operational efficiency.
January 25, 2024 | 11:36 am
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CGI (GIB) has renewed its partnership with the National Bank of Canada for digital transformation services over the next decade, aiming to enhance client experience and operational efficiency.
The renewal of a long-term partnership with a major bank like the National Bank of Canada is a positive signal for CGI's business stability and growth prospects. While financial terms were not disclosed, the deal is likely to contribute to CGI's revenue stream and could be seen as a vote of confidence in CGI's services, potentially leading to a positive short-term impact on the stock price.
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