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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 inc. (TSX: ALYA, NASDAQ: ALYA) will announce its financial results for the second quarter of fiscal 2023, ending September 30, 2022, on November 10, 2022. A conference call will be held at 9:00 a.m. Eastern time, allowing the financial community to engage in a Q&A session. Key materials including financial statements and presentations will be available on Alithya's Investors page. The company aims to position itself as a leader in strategy and digital transformation, employing 3,900 professionals across North America.
Alithya Group (NASDAQ: ALYA) announces its participation in the 2022 EDUCAUSE Annual Conference from October 25-28 in Denver, Colorado. Partnering with OneWorldSIS and Frequency Foundry, Alithya will showcase a Microsoft-based portfolio including a Student Information System (SIS), finance, and CRM solutions. These technologies aim to enhance data management and provide a comprehensive view of the educational experience from students to alumni. Alithya is recognized as a leader in digital transformation, employing approximately 3,900 professionals across North America.
Alithya Group (TSX: ALYA, NASDAQ: ALYA) announced a partnership with OneWorldSIS on October 18, 2022. This collaboration aims to enhance solutions for the North American Higher Education sector by integrating the OneWorldSIS Student Information System with Microsoft Dynamics 365 CRM. The partnership positions Alithya as a trusted advisor in digital transformation, addressing the urgent need for institutions to modernize legacy systems. According to Tambellini Group, investments in Student System Technology surged by 98% in 2021, reflecting growing demand for efficient educational solutions.
Alithya Group inc. (TSX: ALYA) has secured a two-phased agreement with a leading Canadian university for a significant digital transformation project, marking its largest CRM initiative in higher education. Phase 1 is centered on improving the student experience through enhanced recruitment and admissions processes. Phase 2 will focus on student engagement and advisory services. The project will utilize a Student Master Data framework and integrate Microsoft Dynamics 365 with Alithya's partner solution, greymatter©. This partnership reinforces Alithya's growing reputation in the higher education sector.
On October 4, 2022, Alithya Group (TSX: ALYA) announced the successful completion of seven Oracle Cloud Human Capital Management (HCM) projects this year. This achievement highlights the effectiveness of Alithya's dedicated Oracle practice in transforming critical HR processes. With over 3,500 successful projects for more than 1,200 clients, Alithya’s expertise continues to grow, establishing its reputation as a trusted Oracle partner. Senior Vice President Mike Feldman emphasized the importance of these projects in a challenging economic climate, reflecting clients' trust in Alithya's capabilities.
Alithya Group inc. (NASDAQ: ALYA) announced that its Microsoft Dynamics practice has achieved the Microsoft Business Applications 2022/2023 Inner Circle award. This award recognizes top-performing partners based on sales achievements, positioning Alithya among the elite in Microsoft's global partner network. As a prestigious member, Alithya will participate in the Inner Circle Summit in Spring 2023 and collaborate with Microsoft leadership. The company employs 3,900 professionals and focuses on digital transformation across various sectors.
Alithya Group inc. (TSX: ALYA) (NASDAQ: ALYA) announced the renewal of its normal course issuer bid (NCIB) program, allowing it to repurchase up to 2,491,128 Class A subordinate voting shares, representing 5% of its public float. Purchases may start on September 20, 2022, and will be made in the open market, with all shares purchased to be cancelled. The company has a current NCIB that expires on September 19, 2022, having bought 633,286 shares at a weighted average price of $3.15. Alithya aims to enhance shareholder value through strategic share buybacks.
On September 14, 2022, Alithya Group inc. (TSX: ALYA) held its annual general meeting virtually, with approximately 89.26% of total shares represented. All ten proposed director nominees were elected, with votes reflecting strong shareholder support: Dana Ades-Landy received 99.89% approval, and other nominees similarly secured high vote percentages, demonstrating confidence in the management team. In light of the ongoing pandemic, the decision for a virtual meeting was made to prioritize the safety of participants. Alithya continues to focus on strategy and digital transformation, employing around 3,900 professionals globally.
Alithya Group inc. (TSX: ALYA) has secured a CAN$2 million contract with a Canadian university to enhance its digital administrative processes. This project, overseen by Alithya's Higher Education practice, aims to provide a 360-degree student view through Microsoft Dynamics and the greymatter® CRM solution. By leveraging modern software and analytics tools, the initiative will improve student recruitment, enrollment, and engagement while integrating with financial management systems. Alithya's expertise in digital transformation positions it as a key partner for educational institutions.
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