Alithya Group Reports Strong Revenue Growth Amid Challenges

Alithya Group, Inc. Class A ( (ALYAF) ) has released its Q2 earnings. Here is a breakdown of the information Alithya Group, Inc. Class A presented to its investors.Meet Your ETF AI Analyst Discover how TipRanks' ETF AI Analyst can help you make smarter investment decisions Explore ETFs TipRanks' users love and see what insights the ETF AI Analyst reveals about the ones you follow. Alithya Group, Inc. Class A is a strategic consulting and digital transformation services company that leverages AI and the latest technologies to solve business challenges and unlock new opportunities for its clients. The company operates in the technology sector and is known for its specialized global delivery network and AI-based IP solutions. In its latest earnings report for the second quarter of fiscal 2026, Alithya Group reported significant growth in revenues and gross margins. The company achieved an 11.5% increase in revenues, reaching $124.3 million, and a 25.5% increase in gross margin, which rose to $42.8 million. Despite these positive results, the company reported a net loss of $31.0 million due to a $38.0 million impairment charge. Key financial metrics highlighted in the report include an 80% increase in Adjusted Net Earnings to $9.5 million and a 37.5% rise in Adjusted EBITDA to $12.8 million. The company’s U.S. revenues saw a substantial increase of 34.8%, driven by organic growth and recent acquisitions. However, Canadian revenues declined due to reduced government contracts and project maturities. Looking forward, Alithya’s management remains optimistic about the company’s growth prospects. They emphasize the company’s expanded capabilities through acquisitions and integration of new technologies, positioning Alithya to undertake larger, high-value projects essential to AI transformation. The company continues to focus on value creation for clients and steady growth in the industry.