Sylogist Ltd (TSE:SYZ) has released an update.
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Sylogist Ltd. has reported a strong performance in the fourth quarter and the full year of 2023, with total revenue reaching $16.2 million and $65.5 million respectively, marking significant year-over-year growth. The company’s focus on SaaS offerings has paid off, with a notable 15.7% increase in SaaS subscription revenue in Q4 and a 14.1% increase for the full year. Additionally, Sylogist has demonstrated solid profitability and investment in their own shares, signaling confidence in their business model.
For further insights into TSE:SYZ stock, check out TipRanks’ Stock Analysis page.
