Bullboard - Stock Discussion Forum Tecsys Inc T.TCS

Alternate Symbol(s): TCYSF

Tecsys Inc. is a Canada-based company, which is a global provider of advanced supply chain solutions. The Company’s principal business activity is the development, marketing and sale of enterprise-wide supply chain management software for distribution, warehousing, transportation logistics, point-of-use and order management. It also provides related consulting, education and support services... see more

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Tecsys Inc > latest comment NBF -cantechletter.com

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Post by Possibleidiot01 on Jul 26, 2022 1:34pm

latest comment NBF -cantechletter.com

Tecsys (Tecsys Stock Quote, Charts, News, Analysts, Financials TSX:TCS)

Rating: Outperform

Target Price: $50.00

Projected Return: 41 per cent

Supply chain management software company Tecsys reported its fiscal fourth quarter in June, so it won’t be releasing its fiscal Q1 until September, but Shao is expecting strong year-over-year growth from the company’s SaaS segment whereas its Professional Services business should remain flat or slightly up. Shao said its an overall positive outlook on Tecsys’ SaaS transition is why he’s staying optimistic on the stock.

“Time has allowed Tecsys to scale and expand its platform into a growing logistics powerhouse within the healthcare vertical. That fortification along with growth initiatives that include strategic and operational investments and acquisitions is putting Tecsys in a position to scale into broader markets. We believe Tecsys is on the cusp of scaling into a bigger company,” Shao wrote.

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