Alithya Group Inc. Stock Price, News & Analysis

Alithya Group (TSX: ALYA, NASDAQ: ALYA) announced its participation in DATAVORE, Montreal's leading analytics event, taking place on April 12-13, 2023. The event, hosted by Réseau Action TI, focuses on data management, artificial intelligence, and industry networking. On April 13, Alithya, alongside its client Le Panier Bleu, will present a session titled "Le Panier Bleu et Alithya: Des données pertinentes au service des consommateurs québécois" at 9:30 a.m. ET, highlighting the importance of effective data management for informed business decisions. Alithya is aiding Le Panier Bleu in optimizing its digital strategy to enhance e-commerce capabilities and personalized services for local consumers. The company's mission encompasses accelerating growth through strategic planning and digital transformation.

On March 15, 2023, Alithya Group (TSX: ALYA, NASDAQ: ALYA) announced the successful completion of eight Oracle Cloud Capital Portfolio Planning (CPP) projects. These implementations span various sectors, including manufacturing, transportation, and healthcare, and are designed to enhance financial planning processes. Alithya's CPP solution streamlines the capital lifecycle from investment ideation to budget management, improving speed and reducing project risk. The company emphasizes its expertise in Oracle technology, which enables clients to efficiently manage significant capital projects.

Alithya Group (TSX: ALYA, NASDAQ: ALYA) has signed a significant contract to implement Microsoft Dynamics 365 solutions for Cloverdale Paint Inc. and Rodda Paint Co., enhancing operational efficiency. This project encompasses a wide range of functionalities, including sales cycle optimization, manufacturing controls, and improved financial visibility. The partnership aims to support the companies in their digital transformation, leveraging Alithya's extensive experience in the chemical industry. As North America's largest family-owned paint coatings firm, the collaboration will standardize processes and drive growth in the market.

Alithya Group reported a 19.2% revenue increase to $130.8 million for Q3 2023, driven by acquisitions and organic growth. Gross margin rose 38.8% to $39.2 million, with a gross margin percentage of 30.0%. Adjusted EBITDA surged 122.0% to $10.0 million, while net loss widened to $5.5 million, or $0.06 per share. The company reduced long-term debt by 21.9%. Significant bookings of $136.6 million maintained a book-to-bill ratio of 1.04. Notably, U.S. revenues increased by 47.9%, attributed to acquisitions and favorable exchange rates. Alithya aims to consolidate its leadership in digital transformation amidst global uncertainties.

Alithya Group (TSX: ALYA, NASDAQ: ALYA) will present its financial results for the third quarter of fiscal 2023, ending December 31, 2022, on February 14, 2023. A conference call for the financial community is scheduled for 9:00 a.m. Eastern time.

Investors can access the financial statements and related documents on Alithya's investor page. The company aims for strategic growth through organic expansion and acquisitions, focusing on business strategies, cloud solutions, application services, and data analytics.

Alithya Group has announced the appointment of Bernard Dockrill as the new Chief Operating Officer, effective January 30, 2023. This change follows the retirement of current COO Claude Rousseau, who has served for over eight years and will remain as a special advisor until March 31, 2023. Dockrill brings over three decades of leadership experience in various sectors, aiming to enhance Alithya's operational growth strategy. The transition aligns with the company's plans for accelerated organic growth and acquisition.

Alithya Group (TSX: ALYA, NASDAQ: ALYA) has announced a partnership with Zscaler to enhance its cyber security solutions. The collaboration allows Alithya to leverage Zscaler's cloud-native Zero Trust Exchange platform, which aims to protect clients against cyber threats while accelerating their digital transformation. Zscaler's services are already adopted by 25% of Fortune 2000 companies and are current solutions for Alithya's major clients in the financial services sector. This partnership aligns with Alithya's strategy to offer comprehensive and integrated IT security solutions.

Alithya Group (TSX: ALYA, NASDAQ: ALYA) reported a record Q2 2023 with revenues of $128.9 million, a 22.5% increase from last year. Gross margin rose 32.6% to $37.8 million, with a margin percentage of 29.3%. Adjusted EBITDA surged 87.5% to $9.4 million, representing 7.3% of revenues. Net loss decreased to $0.4 million from $2.8 million. Bookings reached $119.3 million, reflecting a book-to-bill ratio of 0.93. The company successfully integrated acquisitions, enhancing its service offerings and client relationships.