Welcome to our dedicated page for Alithya Group news (Ticker: ALYA), a resource for investors and traders seeking the latest updates and insights on Alithya Group stock.
Alithya Group Inc. (TSX: ALYA, NASDAQ: ALYA) is a rapidly evolving consultancy specializing in information technologies and organizational management services. Serving clients across North America and Europe, Alithya was founded through the merger of two leaders in Québec’s IT industry: CIA and Sinapse. This merger has enabled Alithya to provide end-to-end strategic solutions and initiatives to a wide array of clients.
Alithya's core competencies include business strategy, business applications implementation, application services, data and analytics, and digital skilling and change enablement. The company places a significant emphasis on values like respect, trust, honesty, transparency, and fun, fostering a forward-thinking and people-oriented culture. Alithya's commitment to innovation and ethical solutions drives them to create tailored IT solutions that meet complex business challenges.
Among its recent achievements, Alithya announced the renewal of its Normal Course Issuer Bid (NCIB) program to repurchase Class A shares, underscoring its commitment to enhancing shareholder value. The company also held a successful annual general meeting, wherein all proposed directors were elected. Additionally, Alithya opened a new office in Austin, Texas, reinforcing its presence in a key technology hub.
Financially, Alithya experienced a slight decrease in revenues in Q2-2024, attributed mainly to weaker market conditions and project delays. Despite this, the company maintains a positive outlook, driven by its strategic initiatives and continued strong bookings. Alithya's participation in significant industry events, such as Oracle CloudWorld 2023, and securing the Microsoft Business Applications Inner Circle award for the 18th year, highlight its industry leadership and commitment to excellence.
Moreover, the company has enhanced its financial flexibility by increasing its revolving credit facility to CAD 140 million. Alithya recently announced its voluntary delisting from Nasdaq to consolidate its listing on the TSX, aiming to optimize resources and focus on long-term strategic goals.
Alithya continues to lead in digital transformation, leveraging its skilled global workforce to deliver practical and innovative IT solutions. The company's dedication to gender parity and sustainable practices further strengthens its position as a responsible and forward-looking entity in the technology sector.
On May 10, 2021, Alithya Group inc. (TSX: ALYA, NASDAQ: ALYA) announced that Paul Raymond, President and CEO, will present at the CIBC Virtual Technology and Innovation Conference. The presentation is scheduled for May 13, 2021, at 11:30 a.m. ET. A live webcast and replay will be available in the Investors section of Alithya’s website. Alithya is a leader in strategy and digital transformation, employing over 3,000 professionals across Canada, the US, and Europe, focusing on various sectors including financial services and healthcare.
On May 6, 2021, Alithya Group (TSX: ALYA) announced a multi-year contract valued initially at C$10 million for Operational Technology cyber security consulting services aimed at the North American manufacturing and utilities sector. The contract focuses on enhancing cyber security measures and compliance with industry standards amid rising cyber threats. Alithya, with over 3,000 professionals across Canada, the US, and Europe, emphasizes its expertise in cyber security to strengthen clients' security postures. The initiative is part of Alithya's commitment to improve the resilience of critical operational systems.
Alithya Group (NASDAQ: ALYA) has been named a finalist for the TAG Technology Awards by the Technology Association of Georgia, announced at the Georgia Technology Summit on April 29, 2021. The company was recognized for its development of the 'Faster Families' Microsoft Power app, designed for the non-profit Adoption-Share to streamline the process of connecting foster children with adoptive families. This recognition highlights Alithya's commitment to leveraging technology for social good, alongside notable companies like Google and NCR.
Alithya Group (NASDAQ: ALYA) has successfully implemented Oracle Human Capital Management Cloud for Nemours Children's Health System, enhancing human resource management through integrated cloud solutions. This implementation automates tasks, improves decision-making with reliable HR data, and focuses on strategic initiatives like career development. Nemours aims to drive performance and address challenges in the healthcare sector with these technologies. Alithya employs over 3,000 professionals, offering enterprise solutions across North America and Europe.
Alithya Group (TSX: ALYA, NASDAQ: ALYA) has successfully completed the acquisition of R3D Conseil, a private digital solutions firm. This strategic transaction is expected to generate approximately C$600 million in revenues over ten years, with annual commitments of C$60 million. The acquisition will create at least 350 new jobs and integrate nearly 600 professionals from R3D Conseil, enhancing Alithya's position as one of Canada's largest digital transformation firms. The deal will be immediately cash flow positive and aims to strengthen Alithya's balance sheet.
Alithya Group (TSX: ALYA) has announced the acquisition of R3D Conseil, a digital solutions firm, solidifying its digital transformation leadership. This agreement includes minimum annual volume commitments of approximately C$600 million over 10 years with Québecor and Beneva. The transaction will add 600 professionals and generate a backlog of C$600 million in revenue. Alithya anticipates the acquisition will enhance profitability and create over 350 new jobs in Quebec, while expanding its operational reach in various sectors, including insurance and telecommunications.
On March 3, 2021, Alithya Group inc. (TSX: ALYA) announced the launch of a new software solution, Alithya Test Management & Automation, designed to automate testing for Oracle Fusion Cloud modules. This cloud-based platform enables organizations to run quarterly update tests with minimal setup, featuring over 600 certified test scenarios. With potential time savings over 80%, the solution aims to enhance operational efficiency for teams managing Oracle platforms. Alithya's commitment as an Oracle Platinum Partner underscores its strategy to support Oracle projects tailored to customer needs.
On February 24, 2021, Alithya Group (NASDAQ: ALYA) announced successful implementation of Microsoft Dynamics 365 Sales for Millers Mutual Insurance. This collaboration streamlined the agency licensing process, reducing time from 3½ hours to 1 hour per agency and enhancing onboarding efficiency by 20%. Alithya aims to support Millers Mutual in ensuring compliance with agent licensing, addressing operational challenges in managing over 4,000 agents. The positive outcomes underline Alithya's expertise in digital transformation and commitment to delivering value from Microsoft investments.
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