Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
The latest announcement is out from Sylogist ( (TSE:SYZ) ).
Sylogist Ltd. reported strong growth in its SaaS Annual Recurring Revenue (ARR) with a 17% increase in Q4 2024 and recurring revenue making up 66% of the total revenue for the year. The company is strategically transitioning project service revenue to partners, which may temporarily affect top-line growth but is intended to improve long-term operational efficiency.
More about Sylogist
Sylogist Ltd. is a leading public sector SaaS company, focusing on providing software as a service solutions to the public sector. The company is transitioning towards a SaaS-driven enterprise, aiming to enhance long-term operating leverage.
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.
Trending Articles:
- “The No. 1 Destination for the Most Talented Artists”: Netflix Stock (NASDAQ:NFLX) Notches Up as the Duffer Brothers Consider Jumping Ship
- “Breakthrough EVs”: Ford Stock (NYSE:F) Notches Up on New Battery Details
- “An Equity Stake”: Intel Stock (NASDAQ:INTC) Surges as U.S. Government May Buy In With CHIPS Act Money