Estimated reading time: 0 minutes, 48 seconds

U.S. ORACLE BIZ STRONG FOR ALITHYA Featured

The Oracle business was “very strong” strong for Canada-based Dynamics reseller Alithya in the second quarter ended September 30. CEO Paul Raymond this week  singled out the Oracle business as a major factor in the 17.1-percent increase in revenue for the United States.

For the recently ended period, revenue in this country reached roughly $25 million, Overall, Alithya’s business was strongly impacted by the purchase of R3D Consulting  Alithya’s loss fell to about $2.23 million, down 52.3 percent year-over-year. Company revenue grew to approximately $84 million, an increase of 54 percent. The acquisition  translated in a 69.1-percent increase in revenue in Canada to about  $53.2 million. During this week’s earnings Webcast, Raymond noted the wider growth in the Oracle business “We've expanded out of healthcare, basically the reputation we have as the Oracle cloud leader in healthcare in the US as having repercussion on other industries,” he said. “So we've expanded that now into financial services and high tech.”

Read 310 times
Rate this item
(0 votes)

Visit other PMG Sites:

click me
PMG360 is committed to protecting the privacy of the personal data we collect from our subscribers/agents/customers/exhibitors and sponsors. On May 25th, the European's GDPR policy will be enforced. Nothing is changing about your current settings or how your information is processed, however, we have made a few changes. We have updated our Privacy Policy and Cookie Policy to make it easier for you to understand what information we collect, how and why we collect it.