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) delivers strategic IT solutions and organizational management services across North America and Europe. This news hub provides investors and industry professionals with essential updates on corporate developments, financial strategies, and market positioning.
Access timely reports on shareholder value initiatives like the renewed Normal Course Issuer Bid program, expansion updates including the new Austin technology hub, and recognition of industry leadership through awards like Microsoft's Inner Circle. Stay informed about strategic financial decisions such as TSX consolidation and credit facility enhancements.
Our curated collection features earnings announcements, merger updates, leadership changes, and innovation milestones. Bookmark this page for reliable updates on Alithya's digital transformation expertise, ethical business practices, and commitment to sustainable growth 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.
