05:27 PM EDT, 06/27/2024 (MT Newswires) -- Tecsys ( TCYSF ) on Thursday said its fiscal fourth-quarter profit narrowed despite higher revenue.

The logistics-software company said it earned $0.3 million, or $0.02 per share, in the quarter ended April 30, down from $0.04 million, or $0.03, in the year-prior quarter.

Revenue rose to $44.0 million from $41.2 million a year earlier.

"Fiscal 2024 has been a landmark year for Tecsys ( TCYSF ) in which we have demonstrated our ability to drive continued growth and expand market opportunity," chief executive Peter Brereton said in a statement. "Our SaaS revenue surged by 39% in fiscal 2024 and we achieved record-breaking SaaS bookings in our fourth quarter as well as for the full year."

The company's shares closed up $2.83 to $35.63 on the Toronto Stock Exchange.