Alithya Group Inc. Announces Strategic Leadership Change and Financial Milestones
In a significant move for Alithya Group Inc., the leading IT services company based in Montreal, Canada, has announced the appointment of Pierre Blanchette as its new Chief Financial Officer (CFO). This strategic decision, effective July 28, 2025, is poised to bolster the company’s financial operations and strategic planning. Pierre Blanchette, a Chartered Professional Accountant (CPA) with nearly three decades of experience in finance, brings a wealth of knowledge and expertise to Alithya. His previous role as Senior Vice President and CFO at Colabor underscores his capability to drive financial success and strategic growth.
The appointment of Blanchette comes at a pivotal time for Alithya, as the company continues to demonstrate robust financial performance. In its latest quarterly report, Alithya reported a 4.0% increase in revenues, reaching $125.3 million compared to $120.5 million in the same quarter the previous year. This growth is attributed to an 8.3% increase in revenues from the third quarter of 2025, with all business segments contributing to this upward trend. Notably, 87% of these revenues were generated from clients retained from the same quarter last year, highlighting Alithya’s strong client relationships and service continuity.
A standout achievement in Alithya’s financial performance is the record Adjusted EBITDA Margin, coupled with a significant improvement in gross margin, which reached a record level of 36.8% as a percentage of revenues. This marks a substantial increase from 32.1% in the same quarter last year and 32.3% in the third quarter of 2025. Such financial milestones underscore Alithya’s operational efficiency and its ability to enhance profitability across all segments of its business.
Despite these positive developments, Alithya faces challenges ahead. Analysts have projected a slight decrease in earnings per share (EPS) for the quarter ending March 31, 2025, with an average forecast of 0.017 CAD per share, down from 0.020 CAD in the previous year. Additionally, a modest decline in revenue is anticipated, with expectations set at 119.6 million CAD, compared to 120.5 million CAD in the prior year. These projections suggest a cautious outlook for the company’s immediate financial future, despite its recent successes.
As Alithya Group Inc. navigates these challenges, the leadership of Pierre Blanchette as CFO is expected to play a crucial role in steering the company towards sustained growth and financial stability. With his extensive experience and strategic insight, Blanchette is well-positioned to contribute to Alithya’s mission of providing comprehensive and tailored IT solutions to its global customer base. As the company continues to evolve in the dynamic IT services sector, its strategic appointments and financial achievements signal a strong commitment to excellence and innovation.
In summary, Alithya Group Inc.’s recent developments, including the appointment of Pierre Blanchette as CFO and its record financial performance, reflect the company’s resilience and strategic foresight. As it moves forward, Alithya remains focused on delivering value to its clients and stakeholders, reinforcing its position as a leader in the IT services industry.