Welcome to our dedicated page for ALYA news (Ticker: ALYA), a resource for investors and traders seeking the latest updates and insights on ALYA stock.
Alithya Group Inc. (ALYA) is a strategy and digital technology services company whose news flow reflects its work in enterprise consulting, cloud platforms, and digital transformation. As a TSX-listed issuer, Alithya regularly publishes updates on financial results, capital resources, and strategic decisions that matter to investors and stakeholders following the information technology services sector.
News about Alithya often includes quarterly and fiscal results, where the company discusses revenues, gross margin trends, adjusted EBITDA, net income or loss, bookings, backlog, and cash flows. Management commentary in these releases provides context on geographic performance in Canada, the United States, and international markets, as well as observations about client demand and economic conditions affecting its services.
Alithya also issues announcements on financing and credit facilities, such as amendments to its revolving credit agreement, increases in available credit, and extensions of maturity dates. These items highlight how the company manages liquidity and supports its stated growth objectives, including organic initiatives and acquisitions.
Operational and strategic news covers stock exchange listings and corporate actions, including the company’s decision to voluntarily delist from the Nasdaq Capital Market while maintaining its listing on the Toronto Stock Exchange. Other releases describe office openings, such as a new location in Austin, Texas, and participation in industry events like Oracle CloudWorld.
Alithya’s news flow also features client project milestones and partner recognitions, including Microsoft awards and case studies around Microsoft Dynamics 365 and Oracle Cloud implementations. Readers who follow ALYA news can track how these developments relate to the company’s focus on business strategy, applications implementation, application services, data and analytics, and digital skilling and change enablement.
For investors, analysts, and technology professionals, the ALYA news page offers a centralized view of Alithya’s financial disclosures, strategic moves, and project highlights over time.
On February 24, 2021, Alithya Group (NASDAQ: ALYA) announced successful implementation of Microsoft Dynamics 365 Sales for Millers Mutual Insurance. This collaboration streamlined the agency licensing process, reducing time from 3½ hours to 1 hour per agency and enhancing onboarding efficiency by 20%. Alithya aims to support Millers Mutual in ensuring compliance with agent licensing, addressing operational challenges in managing over 4,000 agents. The positive outcomes underline Alithya's expertise in digital transformation and commitment to delivering value from Microsoft investments.
Alithya Group reported strong financial results for Q3 2021 with revenues rising by 6.6% to $70.6 million despite challenging market conditions. Gross margin saw a slight increase to $20.4 million, though the gross margin percentage fell to 28.9%. Bookings reached a record $126.1 million with a book-to-bill ratio of 1.86. However, the company faced a net loss of $4.8 million, an increase from $1.8 million in the previous year. Alithya continues to focus on strategic growth and acquisitions, aiming to double its size in the next 3-5 years.
Alithya Group inc. (TSX: ALYA) will disclose its third quarter fiscal 2021 financial results for the period ending December 31, 2020, on February 11, 2021. A conference call for investors 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, founded in 1992, focuses on strategy and digital transformation with over 2,200 professionals across North America and Europe, providing solutions in various sectors including Financial Services and Healthcare.
Alithya Group (TSX: ALYA) has partnered with the Canadian Nuclear Isotope Council to enhance the Canadian isotope sector through its expertise in artificial intelligence and digital systems. This collaboration aims to improve the efficiency and safety of isotope production and delivery, keeping Canada at the forefront of this field. Alithya's ongoing projects include engineering delivery systems and ensuring compliance with nuclear standards, contributing to the sector's innovation and maintaining a reliable supply of isotopes critical for cancer treatments.
Alithya Group (TSX: ALYA, NASDAQ: ALYA) has secured a crucial technological partnership with AGA Benefit Solutions, extending until 2025. This collaboration involves developing a modern member portal and consolidating client data, leveraging Alithya's Digital Solutions Center. AGA will receive strategic Agile coaching and cybersecurity guidance. Both companies aim for enhanced efficiency and customer experience. Alithya's expertise in core application modernization is expected to advance AGA's digital transformation efforts in a regulated industry.
Alithya Group (ALYA) reported Q2-2021 revenues of $68.4 million, up 1.5% year-over-year. However, net loss increased to $5.5 million from $2.3 million last year, with adjusted EBITDA falling to $0.8 million from $3.2 million. Canadian operations showed growth, with revenues up 13.4%, while U.S. and European revenues declined significantly due to COVID-19. Alithya maintains a solid financial position with net bank borrowing reduced to $15.6 million.
Alithya Group has implemented Microsoft Dynamics 365 Customer Service for Florida Municipal Power Agency (FMPA), enhancing its service delivery capabilities. FMPA, owned by 31 municipal utilities, aims to provide low-cost, reliable power to nearly 2.6 million Floridians. The system enables centralized project tracking, improved efficiency, and better resource management. Project Manager Mike McCleary noted the solution's robust integration and functionality. Alithya, with over 2,100 professionals, specializes in digital transformation and has successfully delivered numerous Microsoft solutions to various sectors.
Alithya Group inc. (TSX: ALYA) has renewed its framework agreement with Desjardins Group for service provision and technological projects until 2022. This partnership, which began on October 1, 2020, strengthens Alithya's standing in the financial services sector. Alithya has been a trusted partner since its inception in 1992, providing modernization services for Desjardins' systems and ATMs. The company's expertise is instrumental in enhancing technological solutions for Desjardins, which remains one of Alithya's largest clients.
Alithya Group inc. (TSX: ALYA) (NASDAQ: ALYA) plans to announce its financial results for Q2 fiscal 2021 on November 12, 2020, for the period ending September 30, 2020. The company will hold a conference call at 9:00 a.m. ET to discuss these results, followed by a Q&A session. Interested parties can access financial statements and additional information on Alithya's Investors page. Alithya specializes in digital transformation services across various sectors, including financial services and healthcare.
On September 16, 2020, Alithya Group inc. (TSX: ALYA) virtually held its annual general meeting, with approximately 90.58% of total votes represented. All nine proposed directors were elected by majority vote. The election results included high percentages of support for each nominee, with Dana Ades-Landy receiving 99.69% approval. The virtual format was chosen to ensure safety amid the COVID-19 pandemic. Alithya specializes in strategy and digital transformation, serving various sectors with over 2,100 professionals across North America and Europe.
