CGI and Kesko form strategic IT partnership to accelerate digital growth

HELSINKI - CGI (TSX:GIB.A) (NYSE:GIB), a $21 billion market cap IT services giant currently trading near its 52-week low at $95.14, and Finnish retail services company Kesko have entered into a strategic partnership aimed at accelerating Kesko’s digital transformation, according to a press release statement.

The agreement encompasses a range of IT services, including end-user services, capacity and cloud services, and integrations. CGI will also support the K Group retail network in various digital development initiatives.

The partnership will focus on leveraging automation and AI-based solutions to renew Kesko’s business operations and improve productivity.

"K Group’s goal is to be a forerunner in digital services within the retail sector," said Arto Hiltunen, CIO at Kesko. Hiltunen noted that CGI’s international expertise combined with local presence were key factors in selecting the IT services firm as a partner.

Leena-Mari Lähteenmaa, President of CGI Finland, Poland and Baltics, described the arrangement as a "genuine and deep partnership" guided by joint metrics and investments.

The collaboration represents a growing trend in the IT sector where companies are building strategic partnership models in which service providers participate closely in business development with shared goals and risks.

CGI, founded in 1976, is one of the largest independent IT and business consulting services firms globally with 93,000 consultants and professionals. The company reported revenue of CA$14.68 billion for fiscal 2024, with InvestingPro analysis suggesting the stock is currently undervalued based on its proprietary Fair Value model. Discover detailed valuation metrics and comprehensive analysis of CGI and 1,400+ other stocks through InvestingPro’s exclusive Research Reports.

In other recent news, CGI Inc reported impressive financial results for its third fiscal quarter of 2025. The company achieved an earnings per share (EPS) of $2.10, significantly exceeding the analyst forecast of $1.52. Revenue also surpassed expectations, totaling $4.09 billion, well above the anticipated $2.91 billion. These results highlight CGI’s strong performance during the quarter. Despite this earnings beat, the company’s stock experienced a minor pre-market dip, reflecting broader market trends. This development is noteworthy for investors considering the company’s financial health. The earnings figures provide a clear indication of CGI’s current financial standing. Analysts and investors will likely continue to monitor CGI’s performance closely in light of these recent developments.

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