Business
Sylogist Q2 Results: Revenue Grows 30%, EPS Up 6-fold, Dividend Increased
Sylogist Q2 Results: Revenue Grows 30%, EPS Up 6-fold, Dividend Increased
About this update from Sylogist Ltd.
[{"type":"text","content":"\n\n\n\n May 6, 2010 (Canada NewsWire Group) -- /THIS PRESS RELEASE IS NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES/\n\n Sylogist Ltd. (TSX-V:SYZ), a leading provider of enterprise information management solutions to municipal, education and private sector customers, is pleased to release its unaudited financial results for the second quarter of fiscal 2010 ended March 31, 2010.\n\nIn the second quarter of fiscal 2010:\n\n\n >\n\n\nIn the first 6 months of fiscal 2010:\n\n\n >\n\n\nFor the trailing 12 month period:\n\n\n >\n\n\n"Results of the second quarter of fiscal 2010 were significantly improved over the same quarter last year. With Sylogist's strong balance sheet and operating performance, the Board of Directors declared a quarterly dividend of 1.65 cents per common share (a 10% increase from the previous quarter) payable June 15, 2010 to shareholders of record as at May 31, 2010. The dividend will be paid as a return of capital." stated Jim Wilson, Chairman, President and CEO.\n\n\n >\n\n\nSylogist provides leading financial enterprise information management systems, system connectivity solutions and portal applications to municipal, education and private sector customers.\nFull financial statements together with Management's Discussion and Analysis are available on SEDAR.\nThe Company's stock is traded on the TSX Venture Exchange under the symbol SYZ. Information about Sylogist can be found at http://www.sylogist.com.\n\n\n >\n\n\nThis news release contains forward-looking statements relating to the future operations of the Corporation and other statements that are not historical facts. Forward-looking statements are often identified by terms such as "may", "should", "anticipate", "expects" and similar expressions. Any statements that are contained in this news release that are not statements of historical fact may be deemed to be forward-looking statements. Such forward-looking statements are subject to important risks, uncertainties and assumptions. The reader is cautioned that assumptions used in the preparation of any forward-looking information may prove to be incorrect. Events or circumstances may cause actual results to differ materially from those predicted, as a result of numerous known and unknown risks, uncer...