ALYA - Alithya stock gains on Oracle Practice's $10M contract with US dental insurer
- Alithya ( NASDAQ: ALYA ) stock gained as much as 7.8% on Tuesday after the firm's Oracle Practice inked a contract to accompany an existing client - a U.S. dental insurer - through its digital transformation processes.
- The 2.5-year contract, which has begun, is expected to generate ~$10M in revenue. The deal is one of the largest contracts awarded to the Alithya Oracle Practice.
- The contract covers an Oracle Cloud Enterprise Resource Planning project that will include implementation of a payroll system, change management and cloud-based training services.
- The new contract follows a previous Oracle Cloud Enterprise Performance Management project between ALYA's Oracle team and the client.
- ALYA stock has dropped 5.7% YTD.
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Alithya stock gains on Oracle Practice's $10M contract with US dental insurer