MONTREAL, July 31, 2024 /PRNewswire/ - Alithya Group inc. (TSX: ALYA) ("Alithya") will disclose on August 14, 2024, the financial results for its fiscal 2025 first quarter ended June 30, 2024.Alithya will host a conference call followed by a question and answer period for the financial community at 9:00 a.m. (Eastern time).Financial statements, MD&A, press release, and presentation will be posted on the Investors page of Alithya's website. Conference call Date: Wednesday, August 14, 2024 Time: 9:00 a.m. ( ...

For those looking to find strong Business Services stocks, it is prudent to search for companies in the group that are outperforming their peers. Has Alithya Group (ALYAF) been one of those stocks this year? By taking a look at the stock's year-to-date performance in comparison to its Business Services peers, we might be able to answer that question.Alithya Group is one of 315 individual stocks in the Business Services sector. Collectively, these companies sit at #5 in the Zacks Sector Rank. The Zacks Secto ...

WillScot and Pacific Life to join Alithya for a client panel discussionALPHARETTA, Ga., July 11, 2024 /PRNewswire/ - Alithya Group inc. (TSX: ALYA) ("Alithya") is pleased to announce its participation for the 14th year at ODTUG Kscope, a global conference of the Oracle Development Tools User Group to be held this year at the Gaylord Opryland in Nashville, Tennessee, from July 14-18.The Inaugural Oracle-ODTUG Executive Summit will take place during Kscope24 to bring together Oracle executives and clients to ...

MONTREAL, June 24, 2024 /PRNewswire/ - Alithya Group inc. (TSX: ALYA) ("Alithya") today announced the appointment of Debbie Di Gregorio as interim Chief Financial Officer, effective June 28, 2024. Ms. Di Gregorio replaces Claude Thibault, who will be leaving the Company to pursue other endeavors. Mr. Thibault has held the role of CFO for over five years and has guided Alithya through its move to public markets and several transformative acquisitions. He will continue to support Alithya to ensure an effectiv ...

MONTREAL, June 11, 2024 /PRNewswire/ - Alithya Group inc. (TSX: ALYA) ("Alithya") has released its annual Manufacturing Trends report for 2024, highlighting key findings and takeaways from a survey conducted among more than 150 professionals in the manufacturing sector. The survey reveals that manufacturers are rapidly adopting new technologies to meet supply chain, quality control, cybersecurity, and sustainability goals.Quote by Russell Smith, Leader of Alithya's Enterprise Solutions Business Group:"Alith ...

MONTREAL, May 28, 2024 /PRNewswire/ - Alithya Group inc. (TSX: ALYA) ("Alithya") will disclose financial results for its fourth quarter and fiscal year ended March 31, 2024, on June 13, 2024.Alithya will host a conference call followed by a question and answer period for the financial community at 9:00 a.m. (Eastern time).Financial statements, MD&A, press release, presentation, and annual documents will be posted on the Investors page of Alithya's website. Conference call Date: Thursday, June 13, 2024 Time ...

Core Viewpoint - Alithya, a Canadian tech consulting firm, is navigating a challenging macroeconomic environment with marginal revenue growth and a focus on cost management while exploring new market opportunities in AI consulting [2][3][10]. Company Overview - Alithya reported Q2 FY24 revenue of C$118.5 million and Q3 FY24 revenue of C$120.5 million, indicating a slight increase in sales [3]. - The company has maintained a sales breakeven operation, with a focus on reducing SG&A expenses, which totaled C$29.5 million in Q3, reflecting a 5.4% year-over-year decrease [9][10]. Market Outlook - The tech consulting industry is experiencing a bearish macro outlook, leading to reduced discretionary IT spending and a slowdown in new large-scale contracts [3][9]. - Despite the challenging environment, Alithya signed new contracts in Q3, including a C$12 million ERP contract with a U.S. healthcare provider, contributing to a book-to-bill ratio of 1.2 [10][11]. Financial Performance - Alithya's adjusted EBITDA increased by 46% from Q2 to Q3, with the adjusted EBITDA margin rising by 240 basis points to 7.8% [13]. - Non-GAAP net earnings per share remained flat year-over-year at C$0.04, showing a recovery from the previous quarter's adjusted net loss [13]. Customer Retention - Approximately 85% of Alithya's Q3 sales were generated from existing clients, indicating strong customer relationships and satisfaction [11]. AI Consulting Opportunities - The global AI consulting market is projected to grow significantly, with forecasts indicating a double-digit CAGR, potentially reaching 34.2% from 2023 to 2028 [19]. - Alithya is positioning itself in this growing market by offering AI consulting services, including solutions for trade surveillance and compliance [17][19].

Core Viewpoint - Alithya Group reported quarterly earnings of $0.03 per share, exceeding the Zacks Consensus Estimate of a loss of $0.04 per share, marking a significant earnings surprise of 175% [1] Financial Performance - The company posted revenues of $88.52 million for the quarter ended December 2023, surpassing the Zacks Consensus Estimate by 0.78%, but down from $96.34 million year-over-year [1] - Over the last four quarters, Alithya has surpassed consensus EPS estimates four times, while it has topped consensus revenue estimates only once [1] Stock Performance and Outlook - Alithya shares have increased by approximately 0.7% since the beginning of the year, compared to the S&P 500's gain of 3.8% [2] - The current consensus EPS estimate for the upcoming quarter is -$0.02 on revenues of $90.81 million, and for the current fiscal year, it is -$0.17 on revenues of $361.22 million [4] Industry Context - The Technology Services industry, to which Alithya belongs, is currently ranked in the top 36% of over 250 Zacks industries, indicating a favorable outlook compared to the bottom 50% [4] - The performance of Alithya's stock may be influenced by the overall industry outlook and the results of other companies in the sector, such as Block (SQ), which is expected to report results on February 22 [4]

The market expects Alithya Group (ALYA) to deliver flat earnings compared to the year-ago quarter on lower revenues when it reports results for the quarter ended December 2023. This widely-known consensus outlook is important in assessing the company's earnings picture, but a powerful factor that might influence its near-term stock price is how the actual results compare to these estimates.The stock might move higher if these key numbers top expectations in the upcoming earnings report, which is expected to ...

MONTREAL, Jan. 30, 2024 /PRNewswire/ - Alithya Group inc. (TSX: ALYA) (NASDAQ: ALYA) ("Alithya" or the "Company") announces that it has given formal notice of its intention to voluntarily delist its Class A subordinate voting shares ("Class A Shares") from the Nasdaq Capital Market ("Nasdaq"). The delisting from the Nasdaq will not affect the Company's listing on the Toronto Stock Exchange ("TSX"), which will be maintained. The Company believes that the limited benefits derived from being dual-listed no lon ...