From TCS to ALYA: 5 TSX technology stocks worth buying?

Image Source: © Vanderspuyr | Megapixl.com

Highlights

  • TECSYS said that its total revenue amounted to C$ 34.2 million in Q1 FY2023, higher than C$ 33.23 million in Q1 FY022
  • Dye & Durham saw a double-digit surge of 78 per cent in its top line to C$ 122.9 million in Q3 FY2022 compared to Q3 2021
  • Descartes reported revenues of US$ 123 million in Q2 FY2023, denoting a year-over-year increase of 18 per cent

Canadians with a growth-oriented investment approach can consider quality TSX-listed technology stocks like TECSYS (TSX: TCS), Enghouse Systems (TSX: ENGH), Dye & Durham (TSX: DND), etc.

Technology stocks have been under pressure over economic concerns like the Ukraine crisis, mounting inflationary pressure, and interest rate hikes. However, investors looking beyond the near-term environment might still find tech stocks interesting as these companies grow faster than the overall market. The reason behind this growth could be a disruptive technology, competitive edge, unique business model, and many such factors.

Hence, despite the current economic headwinds, long-term investors can explore solid technology stocks that could offer substantial capital gains in the future. Kalkine Media® has picked some TSX tech stocks that growth investors can assess and evaluate right now for future gains:



 


Disclaimer

The content, including but not limited to any articles, news, quotes, information, data, text, reports, ratings, opinions, images, photos, graphics, graphs, charts, animations and video (Content) is a service of Kalkine Media Incorporated (Kalkine Media), Business Number: 720744275BC0001 and is available for p