Market Movers On the rise
Calgary-based Sylogist Ltd. rose following the announcement after the bell on Tuesday of several new customer wins, including a $3-million deal with Serenic Navigator and a $500-million deal with a major Canadian healthcare non-profit.
The software company, which provides enterprise resource planning (ERP) solutions, now expects its pace of growth to “accelerate over the coming months, reaching the high single digits in FY2022.”
Acumen Capital analyst Jim Byrne said: “We view the press release as positive for SYZ as it demonstrates the growth trajectory should improve over the coming quarters. Following the company’s recent acquisitions and investments made in their sales, marketing, and product innovation, we believe SYZ is well positioned for FY22 and beyond.”