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Upwork:Quarterly Results/2023 Q1: Difference between revisions
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=== CGI Group === | === CGI Group === | ||
CGI survey of 1,750 executives from government and corporate agencies finds that<ref>https://seekingalpha.com/article/4596866-cgi-inc-gib-q2-2023-earnings-call-transcript</ref>: | |||
==== On IT Spend ==== | |||
CGI survey of 1,750 executives from government and corporate agencies finds that<ref name=":2">https://seekingalpha.com/article/4596866-cgi-inc-gib-q2-2023-earnings-call-transcript</ref>: | |||
* Clients main focus now is prioritizing investments and returns. | * Clients main focus now is prioritizing investments and returns. | ||
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* Over half of exucitives interviewed said they plan "to sustain or increase their overall IT services spending over the next year." | * Over half of exucitives interviewed said they plan "to sustain or increase their overall IT services spending over the next year." | ||
* 84% of clients said they are still having difficulty hiring IT talents. | * 84% of clients said they are still having difficulty hiring IT talents. | ||
==== On AI ==== | |||
When asked during the recent earnings call whether the growing AI momentum will make clients to pause projects as they assess its potential, CGI GROUP CEO George Schindler said, " I don't have a crystal ball. But I don't see it slowing anything. Our view is that in general, technologies like generative AI simply make experts more productive. It doesn't make the layperson an expert. So I don't think you're going to see that that necessarily slowing. " He added that they recently survey their clients and two-thirds said they "are either investigating or doing a proof-of-concepts on AI and yet you see that that has an impact of anything." On the other hand, "about 20% are not doing anything at all, and about 15% are actually suggesting they are in some level of implementation of AI." | |||
"So I think people are moving into this rather cautiously," He said<ref name=":2" />. | |||
== Other Insights == | == Other Insights == | ||