- AustraliaNorth AmericaWorld
Investing News NetworkYour trusted source for investing success
- Lithium Outlook
- Oil and Gas Outlook
- Gold Outlook Report
- Uranium Outlook
- Rare Earths Outlook
- All Outlook Reports
- Top Generative AI Stocks
- Top EV Stocks
- Biggest AI Companies
- Biggest Blockchain Stocks
- Biggest Cryptocurrency-mining Stocks
- Biggest Cybersecurity Companies
- Biggest Robotics Companies
- Biggest Social Media Companies
- Biggest Technology ETFs
- Artificial Intellgience ETFs
- Robotics ETFs
- Canadian Cryptocurrency ETFs
- Artificial Intelligence Outlook
- EV Outlook
- Cleantech Outlook
- Crypto Outlook
- Tech Outlook
- All Market Outlook Reports
- Cannabis Weekly Round-Up
- Top Alzheimer's Treatment Stocks
- Top Biotech Stocks
- Top Plant-based Food Stocks
- Biggest Cannabis Stocks
- Biggest Pharma Stocks
- Longevity Stocks to Watch
- Psychedelics Stocks to Watch
- Top Cobalt Stocks
- Small Biotech ETFs to Watch
- Top Life Science ETFs
- Biggest Pharmaceutical ETFs
- Life Science Outlook
- Biotech Outlook
- Cannabis Outlook
- Pharma Outlook
- Psychedelics Outlook
- All Market Outlook Reports
Alithya Reports Margin Expansion in Fiscal Q3 2020 Results
Alithya Group reported a year-over-year revenue increase of 13.9 percent to C$66.2 million its results for fiscal Q3 2020.
Alithya Group (TSX:ALYA,NASDAQ:ALYA) reported a year-over-year revenue increase of 13.9 percent to C$66.2 million its results for the third quarter of fiscal 2020 ended December 31, 2019.
As quoted in the press release:
“Our third quarter revenues reflect the solid contribution from acquisitions partially offset by reduced spending at a few large Canadian customers, the Oracle legacy products and services, and to a lesser extent, the sale of our UK activities. In Canada, the Company has mitigated some of the decline through growth with new and existing clients, supported by the increase of its higher value-added services and the commercial benefits from its larger scale. Our US revenues increased 57% year-over-year, as we build a strong platform which will be further reinforced by the recent acquisition of US-based cloud-focused ERP consulting group Travercent,” stated Paul Raymond, President and CEO of Alithya.
“Our adjusted EBITDA more than doubled from last year as we continue to benefit from our acquisitions and operational synergies”.
Latest News
Investing News Network websites or approved third-party tools use cookies. Please refer to the cookie policy for collected data, privacy and GDPR compliance. By continuing to browse the site, you agree to our use of cookies.