What is the revenue growth rate for GIB in 2021-Q3 compared to the same period in the previous year? 
 continue to accelerate digitization on all fronts innovating and adopting newer technologies at a faster pace in order to drive growth and profitability. And we will continue to collaborate with them as they invest, helping them harness the power of technologies such as machine learning, cloud, blockchain and 5G.
In fact, we just announced a partnership with Nokia to build a 5G lab in CGI's innovation center in London, which will showcase the capabilities of both companies. Together, we will explore and apply the potential for how 5G can enable industrial digitization in multiple sectors from manufacturing to healthcare in areas such as autonomous robots, augmented in virtual reality and real-time remote control of machines. We believe the gap between the results that leaders are realizing from digital compared with all other organizations will spur a further acceleration of digitization and corresponding IT spend increases.
These new investments will have a deeper focus on driving enterprise-level modernization programs to help break down and reconnect the silos in their systems, processes and data. Clients are increasingly turning to CGI given our global cross-industry perspective and experiences, bringing best practices, methodologies and IP to help advance their digital initiatives. Through our business consulting services, we help clients design the best path forward for their organization, including addressing culture and change management so that their transformation efforts are sustainable for the longer term.
And through our managed services offerings, we can deliver immediate savings to help them fund critical digitization initiatives. All of the findings from our proprietary research continue to represent longer-term shifts in client demand and a need for trusted enterprise partners. These shifts are in line with the investments we've been making and will continue to make in our Build and Buy strategy. CGI is one of the few global firms with the necessary combination of client partnership culture, proximity-based talent and end-to-end service offerings to help clients implement their digital strategies with agility and at scale.
We also remain focused on progressing the buy side of our profitable growth strategy. The current market conditions are conducive for further industry consolidation, and this is driving growth in our pipeline of new opportunities and active discussions. Our buy side focus is on prospective acquisitions that will bring CGI new client relationships in existing or new geographies, along with complementary in-demand consulting and technology skills to help clients advance their digital agendas.
We remain focused on expansion within all CGI geographies with current pipeline momentum in Western and Southern Europe, Central and Eastern Europe, U.K. and Australia and the U.S. We continue to have the operational strength and financial capacity to move quickly with discipline on the right buy side opportunities. In closing, we remain confident in our positive growth outlook for the future. Our strategic aspiration remains to double the size of the company over the next five to seven years.
Thank you for your interest and support. Let's go to the questions now, Maher.
Maher Yaghi -- Vice-President, Investor Relations
Thank you, George. And operator, we'll go to the questions. But before we do, I just want to remind everyone that a replay of the call will be available either via our website or by dialing one (800) 408-3053 and using the passcode 7978334. As well, a podcast of this call will be available for download within a few hours. Follow-up questions after the call can be directed to me at (514) 415-3651.
Paul will go now to the Q&A, please.
Questions and Answers:
Operator
We will now take questions from the telephone lines. [Operator Instructions] The first question is from Thanos Moschopoulos from BMO Capital Markets. Please go ahead. Your line is open, Sir.
Thanos Moschopoulos -- BMO Capital Markets -- Analyst
Hi, good morning. George, can you expand a little bit in terms of M&A? So you p
 continue to accelerate digitization on all fronts innovating and adopting newer technologies at a faster pace in order to drive growth and profitability. And we will continue to collaborate with them as they invest, helping them harness the power of technologies such as machine learning, cloud, blockchain and 5G.
In fact, we just announced a partnership with Nokia to build a 5G lab in CGI's innovation center in London, which will showcase the capabilities of both companies. Together, we will explore and apply the potential for how 5G can enable industrial digitization in multiple sectors from manufacturing to healthcare in areas such as autonomous robots, augmented in virtual reality and real-time remote control of machines. We believe the gap between the results that leaders are realizing from digital compared with all other organizations will spur a further acceleration of digitization and corresponding IT spend increases.
These new investments will have a deeper focus on driving enterprise-level modernization programs to help break down and reconnect the silos in their systems, processes and data. Clients are increasingly turning to CGI given our global cross-industry perspective and experiences, bringing best practices, methodologies and IP to help advance their digital initiatives. Through our business consulting services, we help clients design the best path forward for their organization, including addressing culture and change management so that their transformation efforts are sustainable for the longer term.
And through our managed services offerings, we can deliver immediate savings to help them fund critical digitization initiatives. All of the findings from our proprietary research continue to represent longer-term shifts in client demand and a need for trusted enterprise partners. These shifts are in line with the investments we've been making and will continue to make in our Build and Buy strategy. CGI is one of the few global firms with the necessary combination of client partnership culture, proximity-based talent and end-to-end service offerings to help clients implement their digital strategies with agility and at scale.
We also remain focused on progressing the buy side of our profitable growth strategy. The current market conditions are conducive for further industry consolidation, and this is driving growth in our pipeline of new opportunities and active discussions. Our buy side focus is on prospective acquisitions that will bring CGI new client relationships in existing or new geographies, along with complementary in-demand consulting and technology skills to help clients advance their digital agendas.
 We remain focused on expansion within all CGI geographies with current pipeline momentum in Western and Southern Europe, Central and Eastern Europe, U.K. and Australia and the U.S. We continue to have the operational strength and financial capacity to move quickly with discipline on the right buy side opportunities. In closing, we remain confident in our positive growth outlook for the future. Our strategic aspiration remains to double the size of the company over the next five to seven years.
Thank you for your interest and support. Let's go to the questions now, Maher.
Maher Yaghi -- Vice-President, Investor Relations
Thank you, George. And operator, we'll go to the questions. But before we do, I just want to remind everyone that a replay of the call will be available either via our website or by dialing one (800) 408-3053 and using the passcode 7978334. As well, a podcast of this call will be available for download within a few hours. Follow-up questions after the call can be directed to me at (514) 415-3651.
Paul will go now to the Q&A, please.
Questions and Answers:
Operator
We will now take questions from the telephone lines. [Operator Instructions] The first question is from Thanos Moschopoulos from BMO Capital Markets. Please go ahead. Your line is open, Sir.
Thanos Moschopoulos -- BMO Capital Markets -- Analyst
Hi, good morning. George, can you expand a little bit in terms of M&A? So you p