Alithya Group Inc. (NASDAQ:ALYA) Q4 2019 Earnings Conference Call Transcript
Jun 19, 2019 • 09:00 am ET
Good morning, ladies and gentlemen. Thank you for standing by. Welcome to Alithya's Fourth Quarter 2019 Earnings Conference Call. At this time, all participants are in a listen-only mode. Following the presentation we will conduct a question-and-answer session. (Operator Instructions)
Before turning the meeting over to management, please be advised that this conference call will contain statements that are forward-looking and subject to a number of risks and uncertainties that could cause actual results to differ materially from those anticipated. I would like to remind everyone that this conference call is being recorded on Wednesday, June 19, 2019.
I will now turn the conference over to Gladys Caron, Vice President, Communications and Investor Relations. Please go ahead.
Thank you. Good morning, everyone, and thank you for joining us for Alithya's fourth quarter and year-end conference call.
The press release and MD&A with Company's financial statements and the related notes were issued earlier today and are posted on our website at alithya.com. The accompanying webcast presentation can also be found on our website in the Investors section.
Presenting this morning are Paul Raymond, President and Chief Executive Officer; and Claude Thibault, Senior Vice President and Chief Financial Officer. Following their comments, we will open the call for questions.
Before we begin, I would like to specify that this conference call is intended for the financial community. Also, please be advised that this conference call will contain statements that are forward-looking and subject to a number of risk and uncertainties that could cause actual results to differ materially from those anticipated. Please refer to the risks and uncertainties section of our MD&A available on our website for more detail.
Let me remind you as well that all figures expressed in today's call are in Canadian dollars unless otherwise stated, and be aware that we will refer to the -- to certain indicators that are non-IFRS measures. Please refer to our MD&A for more details.
I would like -- now turn the call over to Paul.
Thank you, Gladys. Good morning, everyone. Bonjour. I'm very happy to be with you today to share our latest results.
Let me begin with a brief overview of the last quarter. We were very pleased by our results for the fourth quarter and we see increasingly positive trends and indicators in the business for the coming quarters. Our results for the first (ph) quarter are progressing well from the previous reporting period.
Our results were driven by solid contribution from our US acquisition and our continued transition to higher value-added services. Although we had slowdowns and delayed projects in some of our existing clients in Canada, these were compensated by similar increases from new digital transformation projects with new and existing clients. It is also important to note that our results were impacted by the additional expenses linked to becoming a new public issuer.
Our revenues for the quarter were up 79.5% or CAD32.1 million to CAD72.6 million, compared to CAD40.5 million for the same period a year