Record Revenue Quarter
Tecsys achieved record revenue for the quarter at $45.2 million, marking a 3% increase from the same quarter last year, with a 9% increase when excluding hardware sales.
Strong SaaS Revenue Growth
SaaS revenue grew by 22% in the quarter, reaching $17.3 million. When adjusting for last year's one-time revenue recognition, growth would be approximately 28%.
Professional Services Bookings Surge
Professional services bookings reached a record $24.4 million, up 170% from the same quarter last year, with the pipeline now at a record level.
Adjusted EBITDA Increase
Adjusted EBITDA rose by 34% compared to the previous year, reaching $3.5 million for the quarter.
Healthcare Market Wins
Notable momentum in healthcare with two new health system wins in the U.S. and Canada, and continued demand for pharmacy solutions.