Alithya Group Second Quarter 2024 Earnings: Misses Expectations

Alithya Group (TSE:ALYA) Second Quarter 2024 Results

Key Financial Results

• Revenue: CA$118.5m (down 8.1% from 2Q 2023).
• Net loss: CA$9.18m (loss widened by CA$8.74m from 2Q 2023).
• CA$0.10 loss per share (further deteriorated from CA$0.005 loss in 2Q 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

Alithya Group Revenues and Earnings Miss Expectations

Revenue missed analyst estimates by 8.8%. Earnings per share (EPS) also missed analyst estimates.

Looking ahead, revenue is forecast to grow 4.4% p.a. on average during the next 3 years, compared to a 4.6% growth forecast for the IT industry in Canada.

Performance of the Canadian IT industry.

The company's shares are down 5.2% from a week ago.

Risk Analysis

It is worth noting though that we have found 1 warning sign for Alithya Group that you need to take into consideration.

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