Thank and morning. you, good Paul,
by increased driven Let’s $XX.X our and to for or our $X.X highlights. million, operations review million by certain quarter QX both Revenues operations. Canadian US the X.X%
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revenues historical growth, show certain to also of our and that to large the are We stabilization, continuing Canadian in cases strength from are clients, reporting the contributing quarter.
XXXX, was organic recent as the growth also has acquisition, out it Matricis aggregate point on X, period an impact basis, no before reporting Alithya. solid are I acquisitions, joined the Regarding comparability. year-over-year over that longer an October it on completed would our on they
$XX.X $X.X revenues basis, the sequential to XX.X% by revenues XX.X% million or our year. $XXX,XXX increased million Lastly, last to revenues or compared X.X% million quarter. or of on from $XX.X second margin increased Gross of consolidated a
a a is $XX.X remains the i.e. acquisitions’ sequential increase to costs million non-cash US In but by adjusted decrease, elements, at SG&A or additional recent million the of from increasing one of and our France. solid last expenses project. the It up before improvement a in dollar As context non-recurring, and and non-operational, large US it Again, also $XX.X compensation. employee XXX notable year. our in well our increased or lower expenses, $X.X diminishes related especially it XX.X% COVID, a looking $X.X two increase second million headcount. million, quarter. explained versus as to performance, primarily the points most a was as increased expenses recent amounted is When acquisitions, driven to recent mainly This X.X%. expenses SG&A percentage, by
As offset revenues gradually year. EBITDA management, our and by revenues $X.X amounted underlines or such, combined to to attributable synergies which versus operations. was This X.X% this $X.X gross careful same million implementing increased increased and million of Adjusted and variation margin, expense successfully or X.X% SG&A. reflects period last is the in our for
the accounting of amounts of non-cash previous quarters, bulk in loss. up high depreciation amortization, quarter’s As the make and
million reoccur million million unusual our period This to compared solid a in improvement mainly year position. QX our had though which third from to cash. fact XXXX. cash positive. working again in debt turning which did and million of positive year. capital, position. not end $XX.X $X.X is the the the Now in attributable the at in the liquidity variation last quarter, of in $X.X change had December, We net financial and of net Net of amounts restricted flow year, were even the the in cash It of still to of that bank financial bank operating to net borrowing, an quarter to same $X.X billion At last a end was million compared $XX.X activities an non-cash amounted of March ended amount we is this $XX.X
US PPP loans. of forgiveness currently are applying the for in the of We process our
from million. have one our of Business today, out obtained Administration Small of we PPP five the $XXX,XXX As US, the $X.X confirmation of loans, representing of for total
first P&L the quarter. our was during third financial As this the forgiveness in indicated recorded to statements,
the been in workforce, an has used funds expenses qualifying rules otherwise in relevant all PPP for PPP tool we despite with For decline comply The our and the remainder, our regulations important temporary decision and valuable COVID US. the program. have support implementing of the to the
whole the will Company be there in remaining forgiveness the in obtain loans. still four However, part or PPP for assurance no that can
over to confirmed still used the coming we of we credit to on Wage level, great keep We business uncertainty, the the Canadian and of new financial Program, our plans considering Subsidy the performance available And our pursuing improving Emergency at a reduced monitoring Canadian net and months. weeks are albeit situation, portion to Overall, are continuing having rules basis from current our small navigate be senior ongoing objectives. in operations. and facility are a a benefit a the
Paul. to back Turning
