09:43 AM EST, 02/13/2025 (MT Newswires) -- Alithya Group ( ALYAF ) , an advisor in strategy and digital technology services, on Thursday reported an increase in adjusted net earnings and a decrease in revenue in the third quarter.

The company reported Q3 adjusted net earnings of $5.7 million, compared with $4.3 million for the same quarter last year. Q3 adjusted net earnings per share was $0.06, compared with $0.04, a year earlier.

Revenues for the quarter decreased 3.9% to $115.8 million, compared with $120.5 million, a year earlier. Revenues in Canada decreased by 9.3%, to $61.7 million for the three months ended Dec. 31, due to one client's major transformation project reaching maturity and a reduction in revenues from certain government contracts, partially offset by a recovery in the banking sector, and revenues from XRM Vision since the acquisition.

"Q3 was also a quarter of strong bookings and sequential organic revenue growth in all our geographies, which is an encouraging sign in terms of our future revenue trajectory. Furthermore, as a result of the XRM Vision acquisition, completed on Dec. 1, we anticipate growth through the scaling of our Microsoft and smart shoring capabilities," said Alithya ( ALYAF ) Chief Executive Paul Raymond.

Shares of the company were last seen up $0.010 at $1.740 on the Toronto Stock Exchange.

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