SECURITIES AND EXCHANGE COMMISSION
	WASHINGTON, DC 20549

 

FORM 6-K

 

		REPORT OF FOREIGN PRIVATE ISSUER
	PURSUANT TO RULE 13a-16 OR 15d-16 OF
THE SECURITIES EXCHANGE ACT OF 1934

 

For the month of March 2006

 

Commission File Number 1-14858

 

	CGI Group Inc.
(Translation of Registrant’s Name Into English)

 

	1130 Sherbrooke Street West
				5th Floor
			Montréal, Québec
		Canada H3A 2M8
(Address of Principal Executive Offices)

 

Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F.

 

Form 20-F          Form 40-F   X  

 

Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1): ____

 

Note: Regulation S-T Rule 101(b)(1) only permits the submission in paper of a Form 6-K if submitted solely to provide an attached annual report to security holders.

 

Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(7): ____

 

Note: Regulation S-T Rule 101(b)(7) only permits the submission in paper of a Form 6-K if submitted to furnish a report or other document that the registrant foreign private issuer must furnish and make public under the laws of the jurisdiction in which the registrant is incorporated, domiciled or legally organized (the registrant's "home country"), or under the rules of the home country exchange on which the registrant's securities are traded, as long as the report or other document is not a press release, is not required to be and has not been distributed to the registrant's security holders, and, if discussing a material event, has already been the subject of a Form 6-K submission or other Commission filing on EDGAR.

 

Indicate by check mark whether the registrant by furnishing the information contained in this form is also thereby furnishing the information to the Commission pursuant to Rule 12g3-2(b) under the Securities Exchange Act of 1934.

 

Yes          No   X  

 

If “Yes” is marked, indicate below the file number assigned to the registrant in connection with Rule 12g3-2(b): 82-___.

 

Enclosure: Press Release dated March 23, 2006.

 

This Form 6-K shall be deemed incorporated by reference in the Registrant’s Registration Statement on Form S-8, Reg. Nos. 333-13350, 333-66044, 333-74932 and 333-112021.

 

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PRESS RELEASE

FOR IMMEDIATE RELEASE

 

Stock Market Symbols

GIB.SV.A (TSX)

GIB (NYSE)

 

DESJARDINS EXCERCISES WARRANT FOR 4,000,000 SHARES OF CGI

 

Montreal, Quebec, March 23, 2006 – Desjardins Group has exercised a warrant for 4,000,000 class “A” subordinate voting shares of CGI Group Inc. on March 22, 2006 at a price of $6.55 each.

 

Warrants are securities issued by a company, which give their owners the right to purchase shares in the company at a specific price at a future date. This particular warrant, scheduled to expire on April 30, 2006, was issued by CGI in connection with a 10-year strategic alliance with Desjardins signed in 2001.

 

Founded in 1976, CGI Group Inc. (“CGI”) is the eight largest independent information technology and business process services firm in the world. CGI and its affiliated companies employ approximately 25,000 professionals. CGI provides end-to-end IT and business process services to clients worldwide from offices in Canada, the United States of America (“US”), Europe, Asia Pacific as well as from centers of excellence in Canada, the US, Europe and India. CGI's annualized revenue run rate is currently CDN$3.6 billion (US$3.1 billion) and at December 31, 2005, CGI's order backlog was CDN$12.9 billion (US$11.1 billion), or $14.0 billion (US$12 billion) including the BCE contract extensions signed in January 2006. CGI's shares are listed on the TSX (GIB.SV.A) and the NYSE (GIB) and are included in the S&P/TSX Composite Index as well as the S&P/TSX Capped Information Technology and MidCap Indices.

 

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For more information:

 

Investors

Lorne Gorber, Vice-President, Investor Relations

(514) 841-3355

 

Media

Eileen Murphy, Director, Media Relations

(514) 841-3430

 

 

 

 

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SIGNATURES

 

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

 

CGI GROUP INC.

(Registrant)

 

 

Date: March 23, 2006

By /s/ Paule Doré

Name: Paule Doré

Title:	Executive Vice-President
		and Chief Corporate Officer
		and Secretary

 

 

 

 

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