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.
Alithya Group (NASDAQ: ALYA) has been recognized as a member of the prestigious 2021/2022 Inner Circle for Microsoft Business Applications, marking its 16th consecutive year in this elite group. This recognition is based on Alithya's outstanding sales performance within Microsoft's global partner network. The announcement coincided with Microsoft Inspire, highlighting Alithya's dedication to digital transformation and customer success. The company continues to deliver innovative Microsoft Cloud solutions, further establishing its strong partnership with Microsoft across various industries.
Alithya (TSX: ALYA, NASDAQ: ALYA) has opened a subsidiary office in Tangier, Morocco to tap into the local IT talent pool, enhancing its digital solutions capabilities. This strategic move aims to address the growing demand for transformation services in North America and Europe by recruiting young, university-educated IT professionals who will provide remote support to global projects. With over 8,000 graduates from three engineering schools, Morocco offers a skilled workforce proficient in English and French, crucial for Alithya's operations.
Alithya Group inc. (TSX: ALYA, NASDAQ: ALYA) will disclose its first quarter fiscal 2022 financial results on August 12, 2021. The conference call is scheduled for 9:00 a.m. ET, allowing the financial community to engage in a Q&A session. Financial statements and related presentations will be available on the Investors page of Alithya's website. The company, renowned for its expertise in digital transformation and business strategy, employs over 3,000 professionals across North America and Europe.
Alithya Group Inc. (TSX: ALYA) (NASDAQ: ALYA) has signed a $12 million infrastructure service agreement with a major Canadian financial sector client, effective from July 2021 until 2023. The project involves migrating multiple servers to the cloud, aimed at enhancing operational efficiency for the client. CEO Paul Raymond emphasized Alithya's expertise in executing such complex projects successfully. This contract reflects ongoing recognition of Alithya's capabilities in the digital transformation landscape.
Alithya has launched its Higher Education practice, supporting universities in their digital transformation efforts. Since its inception this year, five top Canadian institutions have engaged in projects with Alithya, showcasing strong demand in the market. With nearly 100 universities in Canada and over 5,000 in the U.S., the growth potential is significant. Led by industry veteran Damien Dumas, Alithya aims to provide tailored digital solutions, addressing the urgent need for modernized educational experiences in the 21st century.
Alithya Group (NASDAQ: ALYA) participates as a Platinum Sponsor in the ODTUG Kscope21 Virtual Event from June 21 to July 1, 2021, marking its 11th consecutive year at the conference. Alithya will host 11 technical sessions featuring five prominent customer speakers, showcasing its expertise in Oracle Cloud solutions for ERP, EPM, HCM, and SCM. Key presentations include 'Leading Practices in Multi-Pillar Oracle Cloud Implementations' and networking opportunities focused on digital transformation.
Alithya Group (TSX: ALYA, NASDAQ: ALYA) has announced the launch of BénéClic, a mobile application aimed at enhancing the connection between volunteers and sick children at CHU Sainte-Justine, a leading pediatric center in North America. Developed with user-friendly features, the app matches young patients and volunteers based on shared interests, streamlining the volunteer process. Alithya's Digital Solution Centre, comprising over 400 specialists, collaborated closely with the hospital to create a platform available on iOS and Android. This initiative reflects Alithya's commitment to community involvement and digital transformation.
Alithya Group reported Q4 2021 revenues of $78.0 million, a 6.5% increase YoY. Gross margin grew 12.0% to $23.5 million, with a margin of 30.1%. Adjusted EBITDA rose 61.8% to $3.3 million. Despite a net loss of $2.5 million, this represented a significant improvement from $34.0 million last year. The acquisition of R3D Consulting is expected to generate $600 million in revenues over 10 years, enhancing Alithya's market position. The company also reported a strong Q4 bookings of $92.8 million, reflecting a positive outlook for Fiscal 2022.
Alithya Group inc. (TSX: ALYA, NASDAQ: ALYA) announced a significant contract award from a Québec government ministry worth C$12.4 million. This five-year project management contract marks one of the largest government contracts the company has received in recent years. Alithya will leverage its expertise to manage information resources projects effectively. Senior VP Dave Moreau emphasized the company's adaptability and knowledge in the government sector, ensuring alignment of management strategies with project objectives.
Alithya Group (TSX: ALYA, NASDAQ: ALYA) is set to announce its financial results for the fourth quarter and fiscal year 2021, concluding on March 31, 2021, on June 10, 2021. A conference call for the financial community will occur at 9:00 a.m. Eastern Time, featuring a question and answer session. Financial documents will be available on Alithya's Investors page. The company specializes in strategy and digital transformation, employing over 3,000 professionals across North America and Europe, and offers services across various sectors including financial services and healthcare.
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?
