Alithya Group (ALYA) Reports Q2 Loss of $0.03/sh

Alithya Group (NASDAQ: ALYA) reported Q2 EPS of ($0.03), versus ($0.90) reported last year. Revenue for the quarter came in at $105.3 million, versus $68.4 million reported last year.

Outlook:

As the context surrounding the COVID-19 pandemic continues to evolve, management is encouraged by the continued strong Bookings(1) and strong demand from its clients. The Company's priority still is the protection of its people, its clients and the Company. However, notwithstanding the ongoing pandemic, the Company has shown its ability to navigate the crisis and maintain focus on its strategic plan, which sets as a goal to consolidate its position as to become a North American digital transformation leader.

According to this plan, Alithya's consolidated scale and scope should allow it to leverage its geographies, expertise, integrated offerings, and position on the value chain to target the fastest growing IT services segments. Alithya's specialization in digital technologies and the flexibility to deploy enterprise solutions, and deliver solutions tailored to specific business objectives, responds directly to client expectations. More specifically, Alithya has established a three-pronged plan focusing on:

• Increasing scale through organic growth and strategic acquisitions
• Achieving best-in-class employee engagement
• Providing its 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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