Strong SaaS Revenue Growth
SaaS revenue in Q1 grew 25% year-over-year to $19.1 million. SaaS ARR at the end of Q1 was $79.3 million, up $2.8 million in the quarter.
Healthcare Distribution Growth
Continued growth in healthcare distribution driven by DSCSA legislation enforcement and new customer acquisitions in the U.S. and Canada.
Investment in Long-term Scalability
Launch of operations in India contributing to product development, accelerating delivery for customers.
Innovative AI-driven TecsysIQ Platform
Advancement of TecsysIQ platform, built on Databricks, delivering AI-powered insights across systems with positive customer feedback.
Great Place to Work Certification
Tecsys earned a Great Place to Work certification for the second year in a row with 92% employee approval.
Strong Financial Metrics
Gross margin increased to 51% in Q1 from 47% last year, with adjusted EBITDA up 24% to $3.2 million.
Robust Professional Services Growth
Professional services revenue for Q1 was up 20% year-over-year, with a strong backlog of $43.7 million.