Q1 2025 Alithya Group Inc Earnings Call Transcript
Key Points
- Adjusted EBITDA increased by 11.1% year-over-year, reaching over $10 million.
- 83% of Q1 revenues were generated by repeat clients, indicating strong client relationships.
- Gross margin as a percentage of revenues increased to 31.9% from 28.9% year-over-year.
- Net cash flow from operating activities improved by 120% year-over-year, reaching $16.7 million.
- US revenues increased by 3% year-over-year, driven by Oracle Cloud and Microsoft Dynamics ERP practices.
- Revenues in Canada decreased by 15.4% year-over-year, primarily due to slower IT investments in the banking sector.
- Bookings momentum was slightly weaker compared to recent quarters, indicating potential delays in project signings.
- SG&A expenses as a percentage of revenues increased to 26.2% from 24.7% year-over-year.
- The financial services outlook remains stable but not showing signs of rapid growth.
- The Quebec Health and Social Services Ministry contract is progressing slowly, with potential expansion several quarters out.
Good morning. Welcome to Alithya's First Quarter Fiscal 2025 Results Conference Call. I will now like to turn the meeting over to Alithya's management team. Please go ahead.
Good morning and thank you once again for joining us for Alithya's First Quarter 2025 Results Conference Call. The press release and MD&A with complete financial statements and related notes were issued this morning and are now posted 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 statements that are forward-looking and which are subject to a number of risks and uncertainties that could cause actual results to differ materially from those anticipated. These statements include, without limitation, our estimates, plans, expectations, and other statements regarding future growth, results of operations, performance, and business prospects of Alithya that do not exclusively relate to historical facts.
These statements can also refer to future events
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