Q2 2026 Tecsys Inc Earnings Call Transcript
Key Points
- SaaS revenue increased by 22% and total revenue grew by 15% compared to the same quarter last year.
- Record adjusted EBITDA was achieved, up 71% from the same quarter last year.
- The Elite Healthcare Solutions, a core part of the business, continues to drive SaaS ARR growth.
- The healthcare pipeline increased by about 60% compared to the same time last year, with significant traction in pharmacy and general distribution markets.
- Tecsys' Elite platform is now available on the AWS marketplace, enhancing cloud strategy and customer reach.
- Headwinds from the US healthcare policy environment and government shutdowns have led to extended decision cycles and elongated procurement processes.
- Attrition in a small group of non-core customers partially offset new bookings and favorable foreign exchange impacts.
- Professional services backlog decreased by 10% sequentially from the prior quarter.
- Long decision cycles have slowed bookings despite a strong pipeline.
- The macroeconomic environment, including tariffs and healthcare funding uncertainties, is causing distractions and cautious spending in the market.
Good morning, everyone. Welcome to Tecsys' fiscal year 2026 second-quarter results conference call. Please note that the complete second-quarter report, including MD&A and financial statements were filed on SEDAR+ after market closed yesterday.
All dollar amounts are expressed in Canadian currency and are prepared in accordance with International Financial Reporting Standards. Some of the statements in this conference call, including the question-and-answer period, may include forward-looking statements that are based on management's beliefs and assumptions. Actual results may differ materially from such statements.
I would like to remind everyone that this call is being recorded on Thursday, December 4, 2025, at 8:30 AM Eastern Time.
I would now like to turn the conference over to Mr. Peter Brereton, Chief Executive Officer at Tecsys. Please go ahead, sir.
Thank you. Good morning, everyone. I'm joined today by Mark Bentler, our Chief Financial Officer. We
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