With this in mind, here are two profitable TSX tech stocks you can buy now for exceptional long-term returns.
Is this TSX stock a good buy?
Shopify (TSX:SHOP) continues to expand beyond its roots as an e-commerce platform for small businesses, driven by its aggressive push into enterprise customers and international markets. The Ottawa-based company now wins roughly four out of every 10 business deals it pursues, an impressive success rate considering its overall single-digit market share.
Black Friday weekend sales through Shopify merchants totaled $14.6 billion, up 27% from last year. That figure has nearly doubled from $7.5 billion just three years ago. The growth includes both small traders and larger retailers, with international business leading the way with high growth rates from the 30s to the low 40s.
Chief Financial Officer Jeff Hoffmeister said the company is aggressively positioning itself for what it calls Agentic Commerce, in which artificial intelligence agents shop on behalf of consumers.
Payments penetration reached 65% in the third quarter, meaning Shopify processes nearly two-thirds of all transactions running through its platform.
The corporate strategy focuses on multiple entry points.
- Some major retailers are starting with just the Shop Pay checkout button before adopting more services.
- Others are starting with point-of-sale systems for physical stores.
- Recent wins include Estée Lauder and Canada Goose, although sales cycles can stretch years from initial contact to full adoption of the platform.
International expansion remains a priority, with Europe achieving strong results. The company has added payment options, capital loans and installment options to several new markets this year.
Management emphasized that growth is broadly distributed across merchant sizes, regions and product categories, rather than concentrated in a single area. The company maintains its strategy of investing in technology while maintaining workforce levels, a discipline it has maintained for more than two years.
Given consensus price targets, Shopify shares are trading at a 30% discount in January 2026.
Is this TSX tech stock undervalued?
C.G.I (TSX:GIB.A) reported fourth-quarter revenue of $4 billion, up nearly 10% year-over-year, as the Canadian IT consultancy expands its artificial intelligence capabilities and pursues an aggressive acquisition strategy. The Montreal-based company posted adjusted earnings per share of $2.13, up 11% from the same period a year earlier.
The company’s adjusted operating margin improved to 16.6%, up 20 basis points year over year. CGI generated $663 million in cash from operations during the quarter and committed $491 million to share repurchases. The board approved a 13% dividend increase to $0.17 per share per quarter.
CEO Francois Boulanger said CGI completed five acquisitions in fiscal 2025, spending a total of $1.8 billion. The company recently agreed to acquire Comarch, a Polish IT company that will more than double its presence in Poland.
- Bookings reached $4.8 billion in the quarter, representing a book-to-bill ratio of 119%.
- U.S. federal government bookings were at 185%, while commercial and state government bookings were at 136%.
- The company’s contract backlog now stands at $31.5 billion, about double its annual revenue.
CGI is betting heavily on AI to drive growth and margins. The company has deployed more than 165 AI agents and more than 2,000 automation workflows for customer operations across retail, banking, communications and energy industries. Management said the DigiOps platform delivers productivity gains of up to 30% in some application management operations.
CFO Steve Perron said CGI maintains $2.4 billion in available capital resources with a net leverage ratio of one times. Revenue per employee increased 5% year over year, a trend management expects to continue as AI tools boost productivity.
Given consensus price targets, CGI shares are trading at a 26% discount in January 2026.
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