CGI (GIB) Wins Scots Contract, Stocks Down

CGI GIB shares faded 3.1% to $34.49, on word the company has been selected by the City of Edinburgh Council to provide transformational outsourced ICT services to enable the Council's introduction of integrated digital services. The contract, valued at £186 million, will facilitate the Council's digital channel shift, while at the same time, delivering anticipated efficiency and cost savings of £45 million over the seven-year term. Share volume totaled 15,000, compared to an all-day average of 54,000