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Gold/Mining/Energy : Newsys Solutions Inc A. NSS

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To: Keith Minler who wrote (52)5/5/1999 11:16:00 PM
From: BM  Read Replies (1) of 111
 
Keith, Newsys is a services company, not a software company. Its growth path is mirroring CGI Group's - start as a consulting firm (body-shop), move on to systems integration (solutions) and then onto the long-term relationships and multi-year contracts which outsourcing brings.

Not surprisingly, they collaborate and co-market with CGI Group on some projects and just recently hired Todd LaFontaine from CGI as a senior manager to develop the outsourcing part of their business.

I agree that this is a long term growth story and once the recent expenditures in infrastructure start to pay off, revenue and earnings may increase quite rapidly.



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