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.
Alithya Group inc. (TSX: ALYA) has announced its collaboration with a municipality in Quebec to migrate its procurement, finance, and administrative systems to Oracle ERP Cloud. This move will replace an outdated system from 2003. Alithya, a trusted Oracle partner, highlighted its expertise in executing large-scale projects and expects significant revenues from this three-year engagement. The project aims to ensure a seamless transition to cloud technology, enhancing operational efficiency for public bodies in Quebec.
Alithya Group (NASDAQ: ALYA) has successfully implemented Oracle Cloud ERP and EPM for Adelante Healthcare, enhancing productivity and reducing costs as part of their COVID-19 response. Adelante's Finance Director noted the project was completed on-time and under-budget, transitioning to a fully virtual model. Alithya, a leader in digital transformation, supports healthcare organizations with tailored tech solutions. This collaboration aims to improve reporting and streamline operations, ultimately increasing access to sustainable healthcare for underserved communities.
On August 19, 2020, Alithya Group (NASDAQ: ALYA) announced its selection by Nemours Children's Health System to implement Oracle Cloud for various operational needs, including finance and human resources. The partnership aims to enhance financial margins and optimize processes within the healthcare organization. As an Oracle Platinum Partner, Alithya offers specialized expertise in healthcare, addressing industry challenges with advanced solutions. This initiative involves a multi-phased approach to fulfill Nemours' business requirements effectively.
Alithya Group inc. (TSX: ALYA, NASDAQ: ALYA) reported its Q1 fiscal 2021 results, revealing a 2.1% revenue decline to $70.7 million. Despite the downturn, new bookings reached $80.5 million, yielding a book-to-bill ratio of 1.14. The gross margin decreased slightly to 28.9%, while adjusted EBITDA improved by 62.2% sequentially to $3.3 million. The company faced a net loss of $4.5 million compared to last year's loss of $1.5 million, but is optimistic about recovery amid ongoing projects and future growth strategies.
Alithya Group inc. (TSX: ALYA) has been recognized as a member of the prestigious 2020/2021 Inner Circle for Microsoft Business Applications, marking its 15th time receiving this honor. This distinction ranks Alithya among the top partners globally in sales achievements and solutions delivery, focusing on business outcomes. The recognition aligns with Microsoft Inspire, held in July 2020, emphasizing Alithya's commitment to innovation and customer success in digital transformation. The company leverages Microsoft Cloud technologies across various industries, reinforcing its leadership in strategy and digital solutions.
Alithya Group (NASDAQ: ALYA) partnered with Adoption-Share to enhance child adoption processes through technology. They developed a Microsoft Power App named Faster Families, aiming to reduce delays in matching foster-care children with adoptive families. Early results in Orlando showed a significant reduction in time for family matches, with one family completing the process in just 35 days. This initiative highlights Alithya's commitment to corporate responsibility and improving community outcomes through innovative solutions.
Alithya Group (TSX: ALYA, NASDAQ: ALYA) will release its financial results for Q1 2021, ending June 30, 2020, on August 13, 2020. A conference call is scheduled for 9:00 a.m. ET, where financial community members can ask questions. Financial documents will be accessible on Alithya's investor website. The company is a leader in digital strategy and transformation with a workforce of over 2,100 professionals across North America and Europe, focusing on sectors such as financial services, healthcare, and telecommunications.
Alithya Group (TSX: ALYA) announces the launch of its AI-FI™ Trade Surveillance solution, hosted on Microsoft Azure, to help financial institutions manage increasing trade volumes and regulatory obligations. The solution reduces false positives by nearly 95% for a major Canadian bank, allowing compliance teams to review up to two million trades in minutes. This offers improved operational efficiency and security for clients. AI-FI™ encompasses AI solutions that enhance trade surveillance capabilities. For more details, visit AI-FI™ Trade Surveillance.
Alithya Group (NASDAQ: ALYA) has been named a finalist for the 2020 Microsoft Partner of the Year Award in the Modernize Finance and Operations category. Recognized for its innovative solutions based on Microsoft Dynamics 365, Alithya was selected from over 3,300 nominations across 100+ countries. This acknowledgement highlights the company's commitment to providing tailored solutions to clients in various sectors including finance, healthcare, and manufacturing. Alithya has received over 20 Microsoft awards, showcasing its expertise in strategy and digital transformation.
Alithya Group (TSX: ALYA) reported strong fiscal 2020 results with revenues of $279 million, a 33.2% increase from the previous year. Gross margins improved to 29.7% and Adjusted EBITDA surged 90.1% to $11.8 million. However, the company faced a net loss of $39.7 million, due to a $28 million impairment charge linked to COVID-19 effects. Operating activities resulted in $8.7 million in cash, an improvement from last year. The outlook remains cautious due to potential COVID-related impacts but emphasizes growth in digital transformation services.
