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home / news releases / CA - CGI Faces Headwinds But Will Continue M&A Efforts

CA - CGI Faces Headwinds But Will Continue M&A Efforts

CA Inc.

Summary

  • CGI reported FQ4 2022 financial results on November 9, 2022.
  • The firm provides a wide array of IT and business consulting services worldwide.
  • CGI is facing headwinds from foreign exchange and a macroeconomic slowdown, which may slow client decisions or reduce budgets.
  • Management looks to continue growth via M&A, which may benefit from lower valuations in 2023.
  • I'm on Hold for GIB until we learn more about its trajectory in the slowdown ahead.

For further details see:

CGI Faces Headwinds But Will Continue M&A Efforts
Stock Information
Company Name: CA Inc.
Stock Symbol: CA
Market: NASDAQ
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