Canada's Tecsys Q3 revenue rises on record SaaS bookings

Tecsys

04/03/2026 22:22

Overview

Canada supply chain management firm's Q3 SaaS revenue rose 7% yr/yr

Adjusted EBITDA for Q3 grew 43% yr/yr

Company implemented 7% workforce reduction for operational efficiency

Outlook

Tecsys reaffirms FY26 revenue growth guidance of 8-10%

Company expects FY26 SaaS revenue growth of 20-22%

Tecsys maintains FY26 adjusted EBITDA margin guidance of 8-9%

Result Drivers

RECORD SAAS BOOKINGS - Tecsys achieved its largest Q3 bookings quarter in history, driven by new logo wins in healthcare and general distribution

Company press release: ID:nCNW2XKp7a

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q3 Net Income
C$1.70 mln
Q3 Adjusted EBITDA
C$5 mln


Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 2 "strong buy" or "buy", 2 "hold" and no "sell" or "strong sell"

The average consensus recommendation for the software peer group is "buy"

Wall Street's median 12-month price target for Tecsys Inc is C$38.00, about 48.7% above its March 3 closing price of C$25.55

The stock recently traded at 36 times the next 12-month earnings vs. a P/E of 55 three months ago

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)