Alithya reports record revenues for q4 and increased year-over-year organic growth and profitability
Q4-2021 highlights revenues increased 6.5% to $78.0 million, compared to $73.2 million for the same quarter last year. the consolidated percentage increase would have been 7.7% assuming a constant us$ exchange rate gross margin increased 12.0% to $23.5 million, compared to $20.9 million for the same quarter last year gross margin as a percentage of revenues of 30.1%, higher than the same quarter last year, and increasing on a sequential basis from the third quarter adjusted ebitda(1) increased 61.8% to $3.3 million, compared to $2.0 million in the same quarter last year, and a 42.3% sequential improvement compared to $2.3 million in the third quarter q4 bookings(1) reached $92.8 million, which translated into a book-to-bill ratio(1) of 1.23 net loss of $2.5 million, or $0.04 per share, compared to a net loss of $34.0 million, or $0.59 per share, for the same quarter last year closed on april 1, 2021, the game-changing acquisition of r3d consulting which included two historic contracts with beneva (insurance) and quÉbecor (telecommunications) and will generate $600 million in combined guaranteed revenues over 10 years, commencing april 1, 2021, mainly in digital transformation and high added-value areas awarded a multi-year contract with a $10 million initial value for plant level operational technology cyber security consulting services in the north american manufacturing/utilities sector expanded quality assurance practice with evolution of proprietary software solution for automating and certifying test plans for oracle fusion cloud modules named finalist in two categories of the quebec's federation of chambers of commerce's prestigious business competition selected as finalist in the technology association of georgia awards recipient of the eagle award for microsoft dynamics partners f2021 highlights revenues increased 3.1% to $287.6 million, compared to $279.0 million for fiscal 2020 gross margin percentage decreased to 28.9%, from 29.7% year-over-year adjusted ebitda(1) decreased 18.2% to $9.6 million, from $11.8 million last year fiscal 2021 bookings(1) reached $362.1 million, which translated into a book-to-bill ratio(1) of 1.31 net loss of $17.3 million, or $0.30 per share, compared to a net loss of $39.7 million, or $0.70 per share last year montreal, june 10, 2021 /prnewswire/ - alithya group inc.
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