Consulting Firm CGI Downplays Concerns Over US Government Cuts

Montreal-based IT consulting firm CGI Inc. is seeing a slowdown in US government contracts, but says it might be temporary. The company’s US subsidiary, CGI Federal, provides services to federal agencies and departments, including those in defense.

• “Instead of signing a renewal or a five-year renewal or three years’ renewal, what’s happening is that they’ll sign a bridge contract to continue their work, but not necessarily doing big renewals until they have a better understanding on the new processes and new way that they would procure in the future,” Chief Executive Officer Francois Boulanger said in a conference call with ...