Q1 2026 Alithya Group Inc Earnings Call Transcript
Key Points
- Alithya Group Inc (ALYAF) reported a year-over-year improvement in adjusted EBITDA, showcasing effective cost management and operational efficiency.
- The company achieved double-digit organic growth in the US market, driven by its Oracle and Microsoft practices, highlighting strong demand for its services.
- Alithya Group Inc (ALYAF) successfully executed the Everge acquisition with a 100% cash approach, strengthening its financial position and expanding its capabilities.
- The company reported a 17.3% increase in US revenues, indicating robust performance in its largest market.
- Alithya Group Inc (ALYAF) continues to expand its SmartShore capabilities, reaching a new high of 13% of employees in SmartShore locations, enhancing its global delivery model.
- Canadian revenues fell year-over-year due to reduced government contracts and the completion of a large engagement, impacting overall revenue growth.
- Gross margins in Canada decreased due to lower utilization rates and tax credits, as well as salary increases, affecting profitability.
- The company faces longer sales cycles due to global economic and geopolitical uncertainties, which could impact future bookings.
- Net cash used in operating activities was $4.2 million, a significant change from the prior year's net cash from operating activities of $16.7 million, due to unfavorable changes in non-cash working capital items.
- Alithya Group Inc (ALYAF) reported an increase in net debt to $118.3 million, with a leverage ratio of 2.4 times net debt to trailing 12 months adjusted EBITDA, indicating higher financial obligations.
Good morning. Welcome to Alicia's first quarter of fiscal 2026 results conference call. I would not like to turn the meeting over to Alicia's management team. Please go ahead.
Thank you for joining us today for Eliia's first quarter fiscal 2026 results conference call. The press release, along with the MDNA containing condensed financial statements and related notes, was published this morning and is now accessible on our website.
The webcast presentation can also be found on our website in the investors section. Please be advised that this call will contain forward-looking statements, which are subject to various risks and uncertainties that may cause actual results to differ materially from those anticipated.
These statements include our estimates, plans, expectations, and statements regarding future growth, operational results, performance and business prospects that do not solely relate to historical facts.
These statements may also refer to future events, including expectations around client
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