08:32 AM EDT, 08/13/2025 (MT Newswires) -- Digital technology company Alithya Group ( ALYAF ) on Wednesday swung to a net profit, albeit a less than expected one, for the first quarter, even as revenues beat expectations.

For Q1, net earnings increased to $0.2 million, or nil per share, compared to a net loss of $2.8 million, or $0.03 per share, for the same quarter last year. It missed a consensus forecast of $0.01 as per FactSet.

The company reported adjusted net earnings of $6.5 million, or $0.07 per share, rising from $4.9 million, or $0.05 per share.

Revenue climbed to $124.2 million from $120.9 million, beating a FactSet forecast of $123.5 million.

Adjusted EBITDA was up to $11.6 million from $10.1 million for an Adjusted EBITDA Margin of 9.4% of revenues, compared to 8.3% of revenues for the same quarter last year.

"The Alithya ( ALYAF ) team has delivered another quarter of year over year improvements in many areas of the business," President and CEO Paul Raymond said. "We achieved double digit organic growth in our US operations, as clients seek to roll out the latest mission critical cloud enterprise systems to better leverage data and AI capabilities."

He added: "We have also harnessed synergies from our latest acquisitions to bolster our client offerings, enabling us to better support our clients."

Alithya's ( ALYAF ) share price closed 2.8% higher on Tuesday to $2.54 on the TSX.