Alithya Achieves AWS Migration and Modernization Competency Status

• The most recent release (April 23, 2026) confirms Alithya has achieved Amazon Web Services (AWS) Migration and Modernization Competency Status.
• This designation validates expertise in mission-critical workloads, application modernization, data security, and integration.
• It positions Alithya within a select group of AWS Partners recognized for advanced cloud capabilities.
• Historical context from Q3 FY26 results (February 13, 2026) shows revenue down 0.5% YoY to C$115.2M but net earnings turned positive ($0.7M vs loss prior year).
• Bookings were strong at C$130.9M with a book-to-bill ratio of 1.14 and backlog representing ~14 months of revenue.
• A spin-off of Datum Consulting Group is pending, expected to close in Q4 FY26 for an equity stake in the purchaser.
• Shamrock Technologies collaboration expanded in March 2026 for global ERP modernization using Alithya's ChemXpress accelerator.

• The AWS competency achievement is a validation of existing capabilities rather than a new revenue-generating contract announcement.
• Given the company's recent financial performance (revenue decline, margin compression), this news serves as operational reinforcement but does not fundamentally alter the growth trajectory immediately.
• The stock has already corrected significantly from July 2025 highs ($2.56) to current levels (~$1.37), pricing in much of the Q3 earnings weakness.
• While positive for long-term credibility, it lacks the "genuinely new" market-moving information required for a Material - Positive rating.
• The news is consistent with management's stated strategy of pivoting toward AI and cloud transformation, making it an expected milestone (Routine).

• Alithya Group Inc. provides IT services focused on digital transformation, cloud modernization, and AI integration.
• Flagship initiatives include the ChemXpress accelerator for Microsoft Dynamics 365 deployment in chemical manufacturing.
• The company is pivoting from legacy system maintenance to high-value cloud migration and AI-driven analytics.
• Strategic focus includes expanding U.S. operations (up 12.7% YoY) while managing Canadian weakness (-12.5% YoY).