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 August 24, 2022, Alithya Group (NASDAQ: ALYA) announced the successful implementation of multiple Oracle Cloud applications for Inspira Health, enhancing financial, supply chain, human resource, and payroll processes. This comprehensive solution aims to automate tasks, enabling Inspira to focus on strategic initiatives and improving patient care. Alithya has previously executed similar implementations for other healthcare organizations, showcasing its expertise as a 25-year Oracle Partner with over 300 Cloud implementations.
Alithya Group reported Q1 2023 revenues of $126.8 million, marking a 23.2% increase from last year. Adjusted EBITDA decreased to $6.2 million (4.9% margin) from $7.0 million (6.8% margin) due to rising expenses. The gross margin rose to $34.1 million, but the gross margin percentage fell to 26.9%.
The net loss widened to $4.2 million ($0.04 per share). Bookings reached $145.4 million with a book-to-bill ratio of 1.15.
Alithya Group (TSX: ALYA, NASDAQ: ALYA) will announce its financial results for Q1 fiscal 2023, ended June 30, 2022, on August 11, 2022. A conference call is scheduled for 9:00 a.m. ET, where management will discuss the results followed by a Q&A session. Financial statements and additional materials will be available on Alithya's Investor page. This highlights Alithya's commitment to transparency and engagement with investors.
Alithya Group (TSX: ALYA, NASDAQ: ALYA) has secured contracts worth up to C$10.8 million with a Quebec Government agency, focusing on cybersecurity, cloud migration, and project management support over 36 months. This collaboration will involve more than 140 advisors from Alithya, enhancing their ongoing work and establishing the company as a trusted partner in the public sector. The contracts aim to improve the agency's project management methodologies and leverage Alithya's reputation for further opportunities in Quebec.
Alithya Group inc. (NASDAQ: ALYA) has signed a 10 million USD contract with a dental insurance provider to assist in its digital transformation using Oracle Cloud ERP. This project involves implementing a payroll system and providing change management and training services, enhancing the client's operational efficiency. The contract is expected to span 2.5 years and follows a previous successful Oracle Cloud EPM project. Alithya's team, consisting of over 300 certified consultants, aims to deliver repeat success as a leading Oracle partner.
Alithya Group (TSX: ALYA) has successfully closed its acquisition of Datum Consulting Group, a leader in digital transformation services for data-oriented insurers and regulated entities. The acquisition enhances Alithya's capabilities, particularly in application modernization and data migration, serving major clients including six of the top ten US health insurers. Datum contributes a workforce of over 150 professionals across the US, Europe, India, and Australia, aligning with Alithya’s strategic vision to elevate its consulting services in various sectors.
Alithya Group reported a strong Q4 for fiscal 2022, with revenues soaring 53.9% to $120.0 million and annual revenues up 52.2% to $437.9 million. Adjusted EBITDA jumped 85.5% to $6.0 million, marking a 5.0% margin. Despite a net loss of $7.3 million compared to $2.5 million last year, the company signed 11 new clients in Q4. The acquisition of Datum Consulting Group aims to strengthen Alithya's foothold in the InsurTech market, further enhancing its service offerings.
Alithya (NASDAQ: ALYA) announced its active participation in ODTUG Kscope22, a global Oracle conference from June 19-23, 2022, in Grapevine, Texas. The company will present 11 sessions focused on Oracle Cloud solutions for CFOs, including supply chain management and financial reporting. An interactive panel discussion featuring Alithya Oracle ACEs is scheduled for June 21. With over 300 certified consultants, Alithya emphasizes its long-standing partnership with Oracle, contributing to its reputation in delivering ERP, EPM, and analytics solutions.
FAQ
What is the market cap of Alithya Group (ALYA)?
What is Alithya Group Inc.?
What are Alithya's core business areas?
What recent achievement has Alithya announced?
Where has Alithya recently expanded?
How did Alithya perform financially in Q2-2024?
What industry recognitions has Alithya received?
What strategic financial move has Alithya made recently?
Why is Alithya delisting from Nasdaq?
What values does Alithya uphold in its operations?
How does Alithya support gender parity and sustainability?
