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 Tuesday, November 16, 2021. They are under-performing the S&P/TSX which is down 8.53% year to date.
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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