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 November 2, 2021, Alithya Group (TSX: ALYA, NASDAQ: ALYA) announced a preferred partnership with Frequency Foundry to implement the greymatter© CRM solution for Higher Education customers. This collaboration aims to enhance student lifecycle management, covering recruiting, admissions, retention, and alumni engagement. Alithya's experience in digital transformation will aid universities in adopting this cloud-based solution, reaching over a million students across North America. This partnership reflects Alithya's commitment to empowering institutions through innovative CRM technology.
Alithya (TSX: ALYA) has secured a 3-year contract worth CAD 6.6 million with a significant Quebec government ministry to enhance its digital transformation efforts. Set to commence in October 2021, Alithya will provide specialized resources to support the ministry's IT teams in implementing essential business solutions. With extensive experience in the public sector, Alithya aims to leverage its expertise in business architecture and agile methodologies to meet the client’s unique needs, establishing itself as a trusted partner in government projects.
Alithya Group (NASDAQ: ALYA) will be a premier sponsor at the Microsoft Community Summit North America taking place from October 12-15, 2021, in Houston, Texas. The event caters to business and technology professionals within the Microsoft ecosystem. Alithya will lead 11 sessions on various topics, including IoT and ERP integration and data management best practices. Notably, on October 13, Utz Quality Foods will share insights on its partnership with Alithya for implementing a Microsoft Business Intelligence solution, enhancing operational efficiency through informed decision-making.
On September 15, 2021, Alithya Group inc. (TSX: ALYA) held its annual general and special meeting virtually, with 81.12% of total votes represented. All ten nominee directors were elected with significant support, particularly Robert Comeau and James B. Renacci, each receiving over 99.74% approval. CEO Paul Raymond highlighted the company’s growth and confidence in future prospects amidst the recovering IT industry. The meeting was conducted virtually due to COVID-19 concerns. Final voting results are available on SEDAR and EDGAR.
Alithya Group (TSX: ALYA) announces its intention to initiate a normal course issuer bid (NCIB) approved by the Toronto Stock Exchange. The company plans to repurchase up to 5,462,572 Class A subordinate voting shares, representing 10% of its public float as of September 8, 2021. Purchases will take place on the open market starting September 20, 2021, and may continue until September 19, 2022, or until the maximum number is acquired. The company believes this repurchase is an effective use of funds to enhance shareholder value.
Alithya Group (TSX: ALYA) will hold a virtual investor day on September 15, 2021, from 1:00 p.m. to 5:30 p.m. (Eastern Time). The event will feature presentations from Alithya's President and CEO, Paul Raymond, and discussions on operational strategies, mergers and acquisitions, and company culture. Participants will also hear testimonials from clients and presentations from team leaders about their work with Microsoft and Oracle. An interactive Q&A session will conclude the event. For more details, visit Alithya's event page.
Alithya Group (TSX: ALYA, NASDAQ: ALYA) will host a virtual investor day on September 15, 2021, from 1:00 p.m. to 5:30 p.m. Eastern Time. The event will feature presentations by the President and CEO, Paul Raymond, along with discussions on mergers, acquisitions, and company culture. A plenary session will introduce attendees to the Operations Executive Team, followed by customer testimonials and updates on Microsoft and Oracle practices. The day will conclude with an interactive Q&A session. On-demand presentations will also be available.
Alithya Group (NASDAQ: ALYA) hosted a webinar on August 26, 2021, addressing supply chain disruption management. The event featured Kari-Out, a leading manufacturer of to-go food packaging, discussing strategies to effectively manage supply chain changes using Microsoft technology. Key topics included real-time data utilization, best practices for anticipating disruptions, and risk management. Alithya, a leader in strategy and digital transformation, aims to equip businesses with essential tools to navigate the evolving supply chain landscape.
Alithya reported a robust Q1 2022, with revenues soaring 45.6% to $102.9 million, driven by strong performance across all regions. Gross margin rose 38.9% to $28.3 million, while adjusted EBITDA surged 114.5% to $7.0 million. The company recorded a reduced net loss of $2.0 million, showcasing ongoing operational improvements. Notably, Q1 bookings reached $708.5 million, yielding a book-to-bill ratio of 7.11. Alithya's integration of the R3D Consulting acquisition is progressing well, contributing to positive outlook amidst pandemic uncertainties.
Alithya Group inc. (NASDAQ: ALYA) announces its gold sponsorship of the inaugural Ascend 2021, hosted by OATUG and OHUG, taking place from August 15-18 at The Diplomat Beach Resort in Hollywood, Florida. The event will feature a presentation by Alithya and Adena Health System on August 16, showcasing Oracle Talent Management Cloud's capabilities in identifying talent and succession planning. Alithya, a leader in strategy and digital transformation, has over 3,000 professionals and more than 1,000 customers across North America, emphasizing its strong Oracle partnership for over 25 years.
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?
