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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 announced the launch of its Alithya 365 Power Apps for Manufacturing, strengthening its partnership with Microsoft Cloud for Manufacturing. These apps integrate with Microsoft Dynamics 365 offerings such as Sales and Supply Chain Management to improve operational efficiency for manufacturers. Key applications include Alithya 365 Manufacturing, Alithya 365 Smart Order Entry, and Alithya 365 Advanced Field Service, which enhance data visibility, order fulfillment, and field service operations respectively. This development supports manufacturers in navigating the digital transformation landscape.
Alithya Group inc. (TSX: ALYA) will release its financial results for Q4 and fiscal year 2022, which ended on March 31, 2022, on June 17, 2022. A conference call for analysts and investors is set for 9:00 a.m. Eastern Time, where financial statements and other resources will be made available on the company’s Investors page. Alithya specializes in strategy and digital transformation, employing about 3,600 professionals across North America and providing expertise in various sectors including financial services and healthcare.
Alithya Group inc. (NASDAQ: ALYA) announced its Alithya 365 Power Apps for Healthcare, enhancing its collaboration with the Microsoft Cloud for Healthcare. This initiative aims to improve patient care and operational efficiencies across healthcare organizations. The Power Apps focus on physician relationship management, patient outreach, marketing analytics, and facilities management, providing critical data insights for healthcare providers. Ryan Casey, Vice President, Customer Experience, highlighted that this technology supports security, compliance, and interoperability throughout the patient journey.
Alithya Group (TSX: ALYA) announced the acquisition of Datum Consulting Group for up to US$45.5 million (C$57.5 million), including earn-outs of US$13.0 million (C$16.4 million). Datum specializes in digital transformation services for insurers and employs over 150 professionals. This acquisition enhances Alithya's recurring revenue through cloud-based SaaS offerings, targeting the growing InsurTech market, expected to reach US$22.1 billion by 2027. The transaction will close on July 1, 2022.
Alithya Group inc. (TSX: ALYA) has secured three contracts totaling approximately C$7 million to provide implementation services and access to Splunk's SIEM platform for financial services and public sector clients. This partnership enhances Alithya’s capability to support clients in breaking down data silos, improving decision-making and operational efficiencies. Splunk, recognized as a leader in the SIEM market with a 29% market share, offers tools for improved data visibility and security, enabling rapid threat detection and comprehensive reporting.
Alithya Group (TSX: ALYA, NASDAQ: ALYA) has been named a finalist for the Game Changer Award for ERP/EPM Service Delivery Partner of the Year at the Fifth Annual Oracle Change Agents Awards, recognizing its role in digital transformation and innovation. With over 1,200 clients and 3,500 completed projects, Alithya has established a strong presence in North America as a trusted implementation partner, exemplified by its collaboration with JOANN Stores on the Oracle Cloud EPM platform. The awards highlight Alithya's commitment to leveraging Oracle solutions for improved organizational performance.
Alithya (TSX: ALYA) announced its two projects nominated for the prestigious OCTAS awards in Québec. The 'Fabrique aux automatisations,' developed in partnership with National Bank, aims to automate operational processes, enhancing efficiency. Additionally, the BénéClic app supports volunteering at Sainte-Justine Children's Hospital, pairing sick children with volunteers. Both projects highlight Alithya's commitment to digital transformation. The winners will be revealed on June 8, 2022.
Alithya Group inc. (TSX: ALYA) has signed a multi-year Master Services Agreement with a major Canadian financial institution, part of Canada's 'Big Six' banks. The agreement spans three years with possible one-year extensions, initially valued at approximately C$4.7 million. Alithya will support the bank's cloud migration through data consolidation and analytics. This contract underscores Alithya's growing reputation among major financial institutions and reflects its commitment to transforming legacy systems into digital solutions, leveraging Microsoft Azure.
Alithya Group inc. (TSX: ALYA) has achieved a Bronze Certification from Women In Governance, recognizing its commitment to enhancing female representation in the workplace. This certification emphasizes the organization's efforts to improve diversity at decision-making levels and implement support mechanisms for women's career advancement. Alithya's initiatives include Employee Resource Groups to promote inclusivity and an evolving environmental, social, and governance (ESG) strategy. This milestone marks a key step in the company's diversity journey and plans for future improvements.
Alithya Group (TSX: ALYA, NASDAQ: ALYA) has achieved Advanced Tier Services Partner certification with Amazon Web Services (AWS), enhancing its cloud consulting offerings. This elevation from Select Partner, held since 2019, reflects Alithya's technical competencies and market penetration potential. The new status provides access to a wider range of AWS services, aligning with growing cloud migration demand. With strong ties to the Canadian government for cloud migration projects, Alithya is well-positioned for future growth in this competitive market.
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