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
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