Earnings ·
Alithya Group inc. reported first quarter fiscal 2027 results ending June 30, 2026, revealing a significant…
ALYAFAlithya Group inc
Alithya Group inc. reported first quarter fiscal 2027 results ending June 30, 2026, revealing a significant deterioration in financial performance. Revenues decreased 15.4% to $105.1 million from $124.2 million in the prior year period, driven by project maturity and reduced government and banking sector demand. Gross margin contracted to 30.4% of revenues, while adjusted EBITDA fell 53.4% to $5.4 million. The company reported a net loss of $2.4 million compared to net earnings of $0.2 million previously. Bookings declined to $89.0 million with a book-to-bill ratio of 0.85, and backlog stands at approximately 14 months of trailing revenues. Concurrently, Alithya retained Scotiabank as financial advisor for an ongoing strategic review process initiated in July 2026 to evaluate alternatives such as a sale, merger, or privatization to maximize shareholder value. The company operates in the technology consulting and digital transformation industry.