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Sylogist Achieves Strong SaaS Growth in 2024

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Sylogist Achieves Strong SaaS Growth in 2024

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Sylogist ( (TSE:SYZ) ) has provided an update.

Sylogist reported strong financial results for Q4 and the full year 2024, with significant growth in SaaS ARR and recurring revenues. The company’s strategic transition to a SaaS-driven model has been successful, despite a temporary impact on top-line growth due to shifting project service revenue to partners, which is expected to enhance long-term operating leverage.

More about Sylogist

Sylogist Ltd. is a leading public sector SaaS company, focusing on providing software solutions for the public sector.

YTD Price Performance: -1.13%

Average Trading Volume: 56,052

Technical Sentiment Consensus Rating: Hold

Current Market Cap: C$208M

Find detailed analytics on SYZ stock on TipRanks’ Stock Analysis page.

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