Government ExposureGovernment exposure provides additional stability. Government is the largest revenue vertical at 37%, followed by Media, Retail, and Distribution at 23%, and Financial Services at 21%.
Revenue GrowthRevenue growth has proven relatively resilient in the current downturn, and should improve from LSD this year to MSD next year, and HSD the year after.
ValuationValuation remains attractive versus peers given CGI's earnings resilience, margin execution, and more defensive revenue mix.