Alithya Group Faces Rising Costs and Declining Revenue
Company Announcements

Alithya Group Faces Rising Costs and Declining Revenue

Alithya Group (TSE:ALYA) has released an update.

Alithya Group Inc. reported a decrease in revenues and an increase in net loss for the six months ending September 30, 2024, compared to the previous year. The company’s financial performance was impacted by higher operating expenses, particularly in selling, general, and administrative costs, along with increased business acquisition and integration expenses. Investors are likely to be cautious as the company navigates these financial challenges.

For further insights into TSE:ALYA stock, check out TipRanks’ Stock Analysis page.

Related Articles
TipRanks Auto-Generated NewsdeskAlithya Group Appoints New CFO Nicolas Lavoie
TipRanks Auto-Generated NewsdeskAlithya Group Sees Improved EBITDA Amid Revenue Dip
Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App