Brief: Tecsys Reports Financial Results For Q1 2020

Tecsys

05/09/2019 16:39

Sept 5 (Reuters) - Tecsys Inc  TCS.TO :
    * TECSYS REPORTS FINANCIAL RESULTS FOR FIRST QUARTER FISCAL
2020
    * Q1 LOSS PER SHARE C$0.02
    * Q1 REVENUE C$24.3 MILLION VERSUS REFINITIV IBES ESTIMATE
OF
C$23.1 MILLION
    * Q1 EARNINGS PER SHARE ESTIMATE C$-0.03 -- REFINITIV IBES
DATA
    * QTRLY ORGANIC REVENUE GROWTH OF 15%
    * TOTAL BACKLOG AT JULY 31, 2019 WAS $76.4 MILLION, UP FROM
$47.8
MILLION AT JULY 31, 2018
    * ANNUAL RECURRING REVENUE WAS $38.3 MILLION IN Q1 2020
COMPARED
TO $26.8 MILLION IN Q1 2019
    * TOTAL CONTRACT VALUE BOOKINGS INCREASED 32% FROM $10.6
MILLION
IN Q1 2019 TO $14.0 MILLION IN Q1 2020
    * ALL FIGURES IN C$

Source text for Eikon:  urn:newsml:reuters.com:*:nCNWj3TjPa
Further company coverage:  TCS.TO 

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