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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.
Alithya Group reported strong financial results for Q3 2021 with revenues rising by 6.6% to $70.6 million despite challenging market conditions. Gross margin saw a slight increase to $20.4 million, though the gross margin percentage fell to 28.9%. Bookings reached a record $126.1 million with a book-to-bill ratio of 1.86. However, the company faced a net loss of $4.8 million, an increase from $1.8 million in the previous year. Alithya continues to focus on strategic growth and acquisitions, aiming to double its size in the next 3-5 years.
Alithya Group inc. (TSX: ALYA) will disclose its third quarter fiscal 2021 financial results for the period ending December 31, 2020, on February 11, 2021. A conference call for investors will occur at 9:00 a.m. Eastern time, featuring a question-and-answer session. Financial documents will be available on Alithya's Investors page. The company, founded in 1992, focuses on strategy and digital transformation with over 2,200 professionals across North America and Europe, providing solutions in various sectors including Financial Services and Healthcare.
Alithya Group (TSX: ALYA) has partnered with the Canadian Nuclear Isotope Council to enhance the Canadian isotope sector through its expertise in artificial intelligence and digital systems. This collaboration aims to improve the efficiency and safety of isotope production and delivery, keeping Canada at the forefront of this field. Alithya's ongoing projects include engineering delivery systems and ensuring compliance with nuclear standards, contributing to the sector's innovation and maintaining a reliable supply of isotopes critical for cancer treatments.
Alithya Group (TSX: ALYA, NASDAQ: ALYA) has secured a crucial technological partnership with AGA Benefit Solutions, extending until 2025. This collaboration involves developing a modern member portal and consolidating client data, leveraging Alithya's Digital Solutions Center. AGA will receive strategic Agile coaching and cybersecurity guidance. Both companies aim for enhanced efficiency and customer experience. Alithya's expertise in core application modernization is expected to advance AGA's digital transformation efforts in a regulated industry.
Alithya Group (ALYA) reported Q2-2021 revenues of $68.4 million, up 1.5% year-over-year. However, net loss increased to $5.5 million from $2.3 million last year, with adjusted EBITDA falling to $0.8 million from $3.2 million. Canadian operations showed growth, with revenues up 13.4%, while U.S. and European revenues declined significantly due to COVID-19. Alithya maintains a solid financial position with net bank borrowing reduced to $15.6 million.
Alithya Group has implemented Microsoft Dynamics 365 Customer Service for Florida Municipal Power Agency (FMPA), enhancing its service delivery capabilities. FMPA, owned by 31 municipal utilities, aims to provide low-cost, reliable power to nearly 2.6 million Floridians. The system enables centralized project tracking, improved efficiency, and better resource management. Project Manager Mike McCleary noted the solution's robust integration and functionality. Alithya, with over 2,100 professionals, specializes in digital transformation and has successfully delivered numerous Microsoft solutions to various sectors.
Alithya Group inc. (TSX: ALYA) has renewed its framework agreement with Desjardins Group for service provision and technological projects until 2022. This partnership, which began on October 1, 2020, strengthens Alithya's standing in the financial services sector. Alithya has been a trusted partner since its inception in 1992, providing modernization services for Desjardins' systems and ATMs. The company's expertise is instrumental in enhancing technological solutions for Desjardins, which remains one of Alithya's largest clients.
Alithya Group inc. (TSX: ALYA) (NASDAQ: ALYA) plans to announce its financial results for Q2 fiscal 2021 on November 12, 2020, for the period ending September 30, 2020. The company will hold a conference call at 9:00 a.m. ET to discuss these results, followed by a Q&A session. Interested parties can access financial statements and additional information on Alithya's Investors page. Alithya specializes in digital transformation services across various sectors, including financial services and healthcare.
On September 16, 2020, Alithya Group inc. (TSX: ALYA) virtually held its annual general meeting, with approximately 90.58% of total votes represented. All nine proposed directors were elected by majority vote. The election results included high percentages of support for each nominee, with Dana Ades-Landy receiving 99.69% approval. The virtual format was chosen to ensure safety amid the COVID-19 pandemic. Alithya specializes in strategy and digital transformation, serving various sectors with over 2,100 professionals across North America and Europe.
Alithya Group inc. (TSX: ALYA) has announced its collaboration with a municipality in Quebec to migrate its procurement, finance, and administrative systems to Oracle ERP Cloud. This move will replace an outdated system from 2003. Alithya, a trusted Oracle partner, highlighted its expertise in executing large-scale projects and expects significant revenues from this three-year engagement. The project aims to ensure a seamless transition to cloud technology, enhancing operational efficiency for public bodies in Quebec.
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