Investing.com - Tecsys reported on Thursday first quarter earnings that missed analysts' forecasts and revenue that fell short of expectations.
Tecsys announced earnings per share of C$0.00 on revenue of C$34.2M. Analysts polled by Investing.com anticipated EPS of C$0.09 on revenue of C$37.42M.
Tecsys shares are down 32% from the beginning of the year, still down 45.33% from its 52 week high of C$60.60 set on November 16, 2021. They are under-performing the S&P/TSX which is down 8.53% from the start of the year.
Tecsys follows other major Information Technology sector earnings this month
Tecsys's report follows an earnings beat by Descartes Systems on Wednesday, who reported EPS of C$0.3545 on revenue of C$161.5M, compared to forecasts EPS of C$0.345 on revenue of C$150.46M.
Enghouse Systems had missed expectations on Thursday with third quarter EPS of C$0.33 on revenue of C$102.11M, compared to forecast for EPS of C$0.3321 on revenue of C$108M.
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