Value Investing: 1 Tech Stock That Could Make You a Millionaire

Alithya Group Inc. (TSX:ALYA) leads clients through essential decision-making processes regarding strategic planning.

| More on:
Overhead shot of young adults using technology at a table

Image source: Getty Images

You’re reading a free article with opinions that may differ from The Motley Fool’s premium investing services. Become a Motley Fool member today to get instant access to our top analyst recommendations, in-depth research, investing resources, and more. Learn more

Alithya (TSX:ALYA) is a leader in strategy and digital transformation, with more than 2,000 professionals in Canada, the United States, and Europe. For over 25 years, Alithya’s employees have advised, guided, and assisted clients in pursuit of innovation and excellence and the achievement of strategic business objectives through the optimal use of digital technologies.

Alithya deploys solutions, services, and expert consultants to design, build, and implement innovative and efficient solutions for the complex business challenges of the company’s clients, tailored to specific business needs in the financial services, energy, manufacturing, telecommunications, transportation and logistics, professional services, healthcare, and government sectors.

Range of services

Business offerings include a comprehensive range of digital technology services to address client needs. Alithya leads clients through essential decision-making processes regarding strategic planning, changing management, systems evolution, operational processes, and more. Applying the most recurrent methodologies, the company helps clients optimize efficiency and successfully navigate the digital transformation age.

The company achieves results by leveraging an array of business strategy services, including strategic consulting, digital transformation, organizational performance and enterprise architecture. Alithya’s experts guide clients through all facets of application services, from migration of legacy systems into future-ready digital solutions to the development of completely new solutions using state-of-the-art technologies.

Innovative enterprise solutions

Further, the company’s experts assist Alithya’s clients in the choice between cloud, on-premise, and hybrid hosting strategies and solutions. Alithya’s application solutions services include digital applications legacy systems modernization, control and software engineering, cloud infrastructure, quality assurance, and automated testing.

Working with key industry partners, including some of the world’s largest vendors of enterprise solutions, Alithya’s experts help clients deploy company-wide systems to improve the efficiency of the customer’s finance, human capital, operations, and marketing functions. Alithya’s enterprise solutions services include enterprise resource planning, corporate performance management, customer relationship management, and human capital management.

Diverse geographical operations

Data analysis plays a critical role in the optimization of business processes. Leveraging specialized information technology systems and software, Alithya’s data scientists help clients gain business insight and drive better decision-making through enhanced data collection, big data analytics, machine learning automation, and reporting.

Alithya’s data and analytics services include business intelligence, data management, artificial intelligence, and machine learning. Geographically, Alithya’s operations span Canada, the United States, and Europe, providing a full spectrum of strategy and digital technology services with deep expertise in a range of technologies and business domains.

Increasing business technology spending

Today, for many companies, digital systems and infrastructures are among the most important and strategic assets. That is where digital transformation comes into play, helping companies to evolve from traditional information technologies to flexible digital technologies.

As businesses’ technology spending continues to increase, digital technology firms are striving to deliver innovative thinking and in-depth vertical industry expertise. Alithya is well positioned to respond to these trends in clients’ investments in digital technology. The company’s business model is built on a philosophy of offering flexible and creative solutions, enabling clients to realize maximum benefits from digital technology investments. Alithya positions itself as an agile trusted advisor and consulting partner capable of delivering rapid results for the company’s clients.

This article represents the opinion of the writer, who may disagree with the “official” recommendation position of a Motley Fool premium service or advisor. We’re Motley! Questioning an investing thesis — even one of our own — helps us all think critically about investing and make decisions that help us become smarter, happier, and richer, so we sometimes publish articles that may not be in line with recommendations, rankings or other content.

Fool contributor Nikhil Kumar has no position in any of the stocks mentioned.

More on Investing

Canadian energy stocks are rising with oil prices
Dividend Stocks

Is Suncor Stock a Buy Right Now?

Suncor has delivered outsized gains to investors in 2022 and might continue to do so for the rest of the…

Read more »

edit Sale sign, value, discount

3 Cheap TSX Stocks to Buy Before July

Canadian markets have bounced back, but investors can still snag undervalued TSX stocks like Finning International Inc. (TSX:FTT).

Read more »


Is Blackline (TSX:BLN) Stock Worth Your Attention in 2022?

Blackline Safety Corp. (TSX:BLN) stock has struggled in the year-over-year period, but there are some positives to glean from its…

Read more »

stock analysis

Why I’m Buying the Dip in Andlauer (TSX:AND) Stock

Andlauer Healthcare Group Inc. (TSX:AND) stock offered exposure to two promising spaces while offering solid value in late June.

Read more »

clock time
Tech Stocks

Now’s the Time to Load Up the TFSA With These 2 Top TSX Stocks

Here are two top TSX stocks that long-term growth investors may not want to give up on, especially at these…

Read more »

data analyze research
Energy Stocks

TSX Stock Picks With Huge Potential

If you want a TSX stock that's bound for even more strong growth, these three are top picks by analysts.

Read more »

growing plant shoots on stacked coins

Market Plunge: Double Your Cash With 3 Bargain Stocks

These TSX stocks have corrected over 50%, despite their strong fundamentals, and could easily double from here.

Read more »

oil and natural gas
Energy Stocks

Can Cenovus Stock Outperform in H2 2022?

Is now the time for investors in Cenovus (TSX:CVE)(NYSE:CVE) stock to buy more, or wait out this volatility right now?

Read more »