08:32 AM EDT, 08/14/2024 (MT Newswires) -- Alithya Group ( ALYAF ) reported Wednesday an increase in adjusted net earnings in the first quarter of its fiscal 2025 despite posting lower revenue.
The digital strategy and technologies company posted adjusted net earnings of $4.9 million, or $0.05 per share, rising from $3 million, or $0.03 per share.
Revenue fell to $120.9 million from $131.6 million while adjusted EBITDA rose to $10.1 million from $9.1 million.
"As we forge ahead in fiscal 2025, we remain focused on profitable revenue growth in alignment with the objectives of our new strategic plan, and we can clearly see the positive impacts of our operational efficiency initiatives implemented in fiscal 2024," President and CEO Paul Raymond said.
Althea will outline its new strategic plan during its investor day presentations on Sept. 10.