Q3 2025 Alithya Group Inc Earnings Call Transcript
Key Points
- Alithya Group Inc (ALYAF) reported strong Q3 bookings of $138.4 million, representing a book-to-bill ratio of 1.2 times revenue.
- The company achieved a record gross margin of 32.3%, up from 31.3% in the previous year.
- The Oracle division exceeded expectations with strong revenue, gross margin, and EBITDA, driven by successful ERP and HCM payroll project implementations.
- Alithya Group Inc (ALYAF) continues to focus on expanding its SmartShore capabilities, with 9.3% of professionals based in SmartShore centers.
- The acquisition of XRM Vision broadens SmartShoring capabilities in Morocco, with identified opportunities for leveraging these new capabilities.
- Consolidated revenues for Q3 were down $4.7 million or 3.9% year-over-year.
- Revenues in Canada decreased by $6.3 million or 9.3% year-over-year, primarily due to a major client's project reaching maturity.
- The US gross margin as a percentage of revenue decreased compared to the same quarter last year due to a decrease in digital adoption subscription revenues.
- Net cash from operating activities decreased by $3.9 million compared to the prior year, primarily due to working capital irrigation.
- The sequential increase in net debt of approximately $12 million reflects the acquisition of XRM and unfavorable FX impact on US dollar-denominated debt.
To capitalize on global market opportunities. Additionally, XRM envisions accelerators designed to streamline financial reconciliation between finance and project teams are a valuable complement to our existing solutions. So I will now turn things over to Bernard to provide some specifics of our Third quarter performance. Bernard.
Thank you, Paul. Good morning and thank you for joining our call today.
Q3 was a strong quarter for Olivia and a positive step forward as we continue to execute on the priorities, we set forth in a three-year strategic plan.
Our organizational change initiatives are driving profitable growth, and we're seeing promising trends in our targeted industries and continue to build on the progress we have made over the past quarters. Despite some headwinds in our industry, we delivered sequential growth as a result of our discipline focus on the initiatives outlined in our three-year
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