Alithya Group (ALYA) Reports Q2 Loss of $0.04

Alithya Group (NASDAQ: ALYA) reported Q2 EPS of ($0.04), versus ($0.09) reported last year. Revenue for the quarter came in at $67.36 million, versus $37.09 million reported last year.

"As we just reached our one-year anniversary as a public company, we are very pleased with our progress against our long-term strategic plan," stated Paul Raymond, President and CEO of Alithya. "Our financial results for the second quarter of 2020 demonstrate that our strategy to evolve our service offerings towards higher added value services is showing concrete results. Indeed, again this quarter, our gross margins improved as the proportion of revenues from digital transformation continued to increase."

"Our US integration progressed as planned, and we recently announced the acquisition of Matricis Informatique Inc. This company brings a specialized and complementary expertise to our portfolio that is in strong demand from our client base. This provides us multiple new high-end cross-selling opportunities to better support our customers. Given Alithya's proven acquisition and integration discipline, as well as our healthy balance sheet, we believe we are better positioned than ever to continue executing on our growth strategy," concluded Mr. Raymond.

Outlook

Alithya has adopted a 3-5-year strategic plan which sets as a goal to become a North American digital transformation leader, with the ambition of doubling the company's size during this period. According to this plan, Alithya's consolidated scale and scope should allow the company to leverage its geographies, expertise, integrated offerings, and position on the value chain to target the fastest growing IT segments. In fact, Alithya's specialization in digital technologies and the flexibility to either deploy enterprise solutions, or deliver solutions tailored to specific business objectives, responds directly to client expectations.

More specifically, the company has established a three-fold plan focusing on:

• Increasing scale through organic growth and complementary acquisitions
• Achieving best-in-class employee engagement
• Providing our investors, partners and stakeholders with long-term growing return on investment

For earnings history and earnings-related data on Alithya Group (ALYA) click here.

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