Tecsys Achieves Significant Growth in Fiscal 2025 Q1 Results
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Impressive SaaS Growth Reported by Tecsys
Tecsys Inc. (TSX: TCS), a prominent player in supply chain management software-as-a-service (SaaS), has announced its financial results for the first quarter of fiscal 2025. Notably, the company reported a remarkable 57% increase in SaaS subscription bookings and a 40% rise in Remaining Performance Obligation (RPO).
Highlights of the Quarter
During the quarter, Tecsys achieved several significant milestones:
- SaaS revenue climbed 33% to $15.3 million, up from $11.5 million in the same quarter last year.
- SaaS subscription bookings reached $3.0 million, a 57% increase compared to the $1.9 million reported in Q1 fiscal 2024.
- The Remaining Performance Obligation surged 40% to $194.9 million, showcasing a strong pipeline of future revenue.
- Total revenue grew modestly to $42.3 million, a small increase from $42.0 million in the previous year.
- Net profit for the quarter was reported at $0.8 million, translating to $0.05 per share on a fully diluted basis.
- Adjusted EBITDA was calculated at $2.6 million, compared to $3.2 million reported in the same quarter last year.
Leadership Remarks
Peter Brereton, President and CEO of Tecsys, expressed confidence in the company's direction, stating, "We kicked off fiscal 2025 with solid momentum, setting a positive tone for the year ahead. Our continued SaaS performance is supported by the strength of our team and the impact of our partners, which drive growth in a highly engaged market."
Mark Bentler, Chief Financial Officer, added, "Our Q1 fiscal 2025 financial performance showcases our ability to drive substantial growth in our core SaaS business, affirming our commitment to providing exceptional value to our customers and shareholders."
Financial Guidance
Looking ahead, Tecsys has reiterated its financial guidance for fiscal 2025, expecting total revenue growth of 7-9% and a SaaS revenue growth of 30-32%. The adjusted EBITDA margin is projected to fall between 8-9%. The company maintains a strong outlook, cognizant of the current market trends and its strategic position.
Investor Call Information
Tecsys will host a financial results conference call to discuss these results in detail. Investors are encouraged to join the call for further insights into the company’s future prospects.
About Tecsys Inc.
Tecsys Inc. is committed to delivering advanced supply chain solutions on a global scale. Utilizing its Itopia® low-code application platform, Tecsys provides software solutions that cater to various industries, including healthcare, distribution, and converging commerce, ensuring operational excellence and competitive advantage in an ever-evolving landscape.
Frequently Asked Questions
1. What were Tecsys' reported earnings for Q1 2025?
Tecsys reported a net profit of $0.8 million, equivalent to $0.05 per share on a fully diluted basis for Q1 2025.
2. How much did Tecsys' SaaS revenue increase?
SaaS revenue increased by 33% to $15.3 million compared to the same quarter last year.
3. What is Tecsys' guidance for fiscal 2025?
Tecsys expects total revenue growth of 7-9% and SaaS revenue growth between 30-32% for fiscal 2025.
4. Where is Tecsys listed?
Tecsys is publicly traded on the Toronto Stock Exchange under the ticker symbol TCS.
5. What sectors does Tecsys cater to?
Tecsys serves various industries, including healthcare, distribution, and commerce, offering tailored supply chain solutions.
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