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]

Core Viewpoint - The market anticipates Alithya Group (ALYA) to report flat earnings with lower revenues for the quarter ended December 2023, with actual results being crucial for stock price movement [1][2]. Earnings Expectations - Alithya is expected to post a quarterly loss of $0.04 per share, unchanged from the previous year [2]. - Revenues are projected to be $87.83 million, reflecting an 8.8% decline from the year-ago quarter [2]. Estimate Revisions - The consensus EPS estimate has been revised 35% lower in the last 30 days, indicating a bearish sentiment among analysts [2]. - The Most Accurate Estimate for Alithya is lower than the Zacks Consensus Estimate, resulting in an Earnings ESP of -71.43% [5]. Earnings Surprise Prediction - The Zacks Earnings ESP model suggests that a positive or negative reading indicates the likely deviation of actual earnings from consensus estimates, with significant predictive power for positive readings only [3][4]. - Alithya currently holds a Zacks Rank of 3, which complicates the prediction of an earnings beat [5][6]. Historical Performance - In the last reported quarter, Alithya was expected to incur a loss of $0.02 per share but achieved break-even earnings, resulting in a surprise of +100% [7]. - Over the past four quarters, Alithya has beaten consensus EPS estimates three times [7]. Conclusion - Alithya does not appear to be a compelling candidate for an earnings beat based on current estimates and revisions, but other factors should also be considered by investors [8].

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 ...

Financial Data and Key Metrics Changes - Revenue for Q2 2024 amounted to CAD 118.5 million, a decrease of 8.1% compared to CAD 128.9 million in Q2 2023 [14] - Gross margin dollars decreased by CAD 2 million or 8% to CAD 34.8 million, but gross margin as a percentage of revenues increased to 29.4%, up from 29.3% year-over-year [16][18] - Adjusted EBITDA for Q2 was CAD 6.5 million, down CAD 2.9 million from CAD 9.4 million in the same quarter last year [20] - Adjusted net loss for Q2 was CAD 0.2 million, a decrease of CAD 3.6 million from adjusted net earnings of CAD 3.4 million in Q2 2023 [21] Business Line Data and Key Metrics Changes - Canadian revenues decreased by 9.5% to CAD 68 million, primarily due to reduced IT investments in the banking services sector [14] - U.S. revenues decreased by 6% to CAD 45.7 million, mainly due to weaker demand for digital skilling and change enablement services [15] - International operations reported an 8.3% revenue decrease, mainly due to reduced activities in Australia [15] Market Data and Key Metrics Changes - The financial services market in Canada remains tight but steady, with some large clients reducing volume while market share is maintained [12] - The U.S. healthcare sector is expected to grow, with increased demand for services [12][62] - The manufacturing sector, particularly process manufacturing, is also seeing high demand [62] Company Strategy and Development Direction - The company is focused on increasing gross margins through project efficiencies, improved utilization, and a reduction in subcontractors [5][8] - There is a strong emphasis on AI-enabled solutions and higher-margin offerings, particularly in data and automation [10][56] - The company aims to maintain discipline in SG&A spending while exploring new projects with existing clients and engaging new clients [6][20] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about future profitability as the company continues to reduce SG&A spending and improve gross margins [6][26] - The company anticipates a return to higher spending in the financial services sector within a year, driven by AI and automation projects [32][62] - Management noted that while current conditions are challenging, the focus on efficiency and higher-margin services positions the company well for future growth [10][26] Other Important Information - The company added 36 new clients in the quarter, reflecting its growing reputation and ability to provide comprehensive solutions [6][7] - The gross margin percentage is expected to improve further as the company shifts more projects to higher-margin offerings [18][56] Q&A Session Summary Question: Utilization rate and margins - Management confirmed that they have reduced subcontractors significantly and are focusing on maximizing utilization rates in response to market conditions [28][29] Question: Normal state of spending for financial services - Management indicated that spending in the financial services sector is currently at a bare minimum but is expected to resume higher levels in about a year [32] Question: AI pilots with clients - The company is actively working on AI projects, not just pilots, and has seen strong demand for data-driven solutions [34] Question: Increased demand for offshore services - Management acknowledged the need to accelerate offshore services to improve margins and competitiveness [36] Question: Current subcontractor ratio - The subcontractor ratio is at its lowest in over two years, with plans to continue reducing it [38] Question: Impact of Canadian revenue streams - Management noted that the decrease in Canadian revenues is primarily due to a few large clients in the banking sector, but other areas are showing positive growth [40][42] Question: Further efficiency benefits in utilization - Management sees room for improvement in utilization and fixed-price projects, particularly through better resource allocation [44] Question: Long-term gross margin goals - Management aims for gross margins in the high 30s to 40% range, focusing on smart shoring and AI-driven efficiencies [48][50] Question: Cash flow expectations - Management does not provide specific guidance but expects to recover from current working capital challenges in upcoming quarters [52] Question: High-margin offerings - The highest margin business is in AI and data-driven solutions, with gross margins in the 50% range [56] Question: Growth sectors - Management highlighted growth in healthcare and manufacturing sectors, while the financial services sector is expected to remain slow for the next year [62]

Alithya Group, Inc. (NASDAQ:ALYA) Q1 2024 Earnings Conference Call August 10, 2023 9:00 AM ET Company Participants Benjamin Cerantola - Director, Communications Paul Raymond - President, CEO & Director Claude Thibault - CFO Conference Call Participants Jerome Dubreuil - Desjardins Securities Divya Goyal - Scotiabank Gavin Fairweather - Cormark Securities Vincent Colicchio - Barrington Research Associates Meng Shao - National Bank Financial Operator Good morning, ladies and gentlemen. Welcome to Alithya's Fi ...

Alithya Group Inc. (NASDAQ:ALYA) Q4 2023 Earnings Conference Call June 8, 2023 9:00 AM ET Company Participants Paul Raymond - President, Chief Executive Officer Claude Thibault - Chief Financial Officer Benjamin Cerantola - Director of Communications Conference Call Participants Gavin Fairweather - Cormark Securities Deepak Kaushal - BMO Capital Markets Jérôme Dubreuil - Desjardins Vincent Colicchio - Barrington Research John Shao - National Bank Financial Divya Goyal - Scotiabank Operator Good morning lad ...

Alithya Group Inc. (NASDAQ:ALYA) Q3 2023 Earnings Conference Call February 14, 2023 9:00 AM ET Company Participants Rachel J. Andrews - VP, Communications and Marketing Paul Raymond - President and CEO Claude Thibault - CFO Conference Call Participants Jérôme Dubreuil - Desjardins Amr Ezzat - Echelon Partners Vincent Colicchio - Barrington Research Deepak Kaushal - BMO Capital Markets Brian Kinstlinger - Alliance Global Gavin Fairweather - Cormark Securities Divya Goyal - Scotiabank John Shao - National Ban ...

https://reportify-1252068037.cos.apbeijing.myqcloud.com/media/production/ALYAd0d7c7a99fccf10cb2c031965943f9cc.jpg Interim Consolidated Financial Statements of Alithya Group inc. For the three and nine months ended December 31, 2022 and 2021 (unaudited) https://reportify1252068037.cos.apbeijing.myqcloud.com/media/p Exhibit 99.1 TABLE OF CONTENTS | --- | --- | --- | |-----------|------------------------------------------------------------------------------------------------------------------------------------ ...