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M&A BOOSTS ALITHYA Featured

 Third-quarter revenue for Montreal, Que.-based Alithya received a boost from Vitalyst and Datum Consulting Group, which were acquired last year. Revenue reached approximately $97.8 million, an increase of 19.2 percent for the year ended December 31.

The reseller’s loss reached around $4.8 million, up 5.8 percent from last year’s corresponding period. Alithya did not cite either its Dynamics or Oracle product lines as factors in growth. Instead, the company said the purchases of Vitalyst on Jan. 31, 2022 and Datum on July 1, added roughly $9.6 million to the total during the quarter. During this week’s earnings webcast, CEO Paul Raymond said Alithya continues to convert subcontractors to employees and also has increased the sales of subscriptions, which now comprise 12.4 percent of revenue. Canadian revenue grew 6 percent approximately $58 million for the quarter, with organic growth in all areas. That included two long-term contracts that were signed as part of an acquisition in the first quarter of last year. Revenue for the United States were about $36.6 million, an increase of 47.9 percent with all of the revenue for Vitalyst and Datum part of the U.S. total.

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