TECSYS Inc. (TCS) Q2 2026 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good morning, everyone. Welcome to Texas 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 Cedar Plus 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 a.m. Eastern Time. I would now like to turn the conference over to Mr. Peter Burton, Chief Executive Officer at Texas, please go ahead, sir. Thank you. Good morning, everyone. I'm joined today by Mark Bettler, our Chief Financial Officer. We appreciate you joining us for today's call. I'm pleased to report second quarter fiscal 26 results with SAS revenue up 22% and total revenue up 15% from the same quarter last year. We also had record adjusted EBITDA in the quarter, which was up 71% compared to the same quarter last year. These results highlight the strength of our elite healthcare solutions and a primary driver of SAS ARR. As indicated in our earnings press release, while facing headwinds from the US healthcare policy environment and government shutdown, as well as uncertainty created by shifting tariffs, we believe these results demonstrate our disciplined execution and the scalability of our business. During Q2, we saw these headwinds manifest in extended decision cycles and elongated procurement processes Against this backdrop of near-term head...