4 TSX Tech Stocks with the Strongest Revenue Growth

The four TSX tech stocks on our list have industry-leading revenue growth figures

SmallCapPower | December 20, 2017: Today, we have discovered four top performers amongst TSX tech stocks, which lead their peers in terms of revenue growth. The stocks on our list have returned 57% on average during 2017, driven primarily by their proprietary software solutions.

Kinaxis Inc. (TSX:KXS) – $75.21
Software

Kinaxis provides cloud-based subscription software for supply chain operations. The Company’s RapidResponse software connects data, processes and users onto a single platform, to give a consolidated view of a client’s entire supply chain. As a result, the software allows users to monitor progress in real time, improving operational performance.

  • Market Cap: $1,914 Million
  • YTD Total Return: 20.3%
  • 90 Day Return: 2.4%
  • 3 Year Revenue Growth (Last Reported): 89%

Baylin Technologies Inc. (TSX:BYL) – $2.65
Communications & Networking

Baylin Technologies manufactures antennas for telecom customers in a handful of jurisdictions. The Company’s products are used for cell towers, mobile devices and home networking devices. Baylin has over 1,000 employees worldwide, including ~100 engineers that work at its three production facilities in Korea, China and Vietnam.

  • Market Cap: $81 Million
  • YTD Total Return: 32.5%
  • 90 Day Return: 36.6%
  • 3 Year Revenue Growth (Last Reported): 86%

Avigilon Corp. (TSX:AVO) – $20.83
Communications & Networking

Aviglion designs and manufactures video surveillance products to a variety of industries. The Company’s products include video analytics, network video management software, along with surveillance hardware (cameras). Aviglion’s customers include school campuses, transportation systems, healthcare centers, prisons financial institutions, casinos and government offices.

  • Market Cap: $926 Million
  • YTD Total Return: 62.5%
  • 90 Day Return: 14.2%
  • 3 Year Revenue Growth (Last Reported): 66%

Tecsys Inc. (TSX:TCS) – $16.75
Software

Tecsys provides an array of enterprise-wide Supply Chain Management solutions to clients in various industry sectors, ranging from service parts to general high-volume wholesale. The Company’s main focus lies within the healthcare market. Tecsys plans to capture further market share in the healthcare industry by leveraging its unique SCM platform, which was designed specifically for the healthcare sector.

  • Market Cap: $219 Million
  • YTD Total Return: 79.0%
  • 90 Day Return: 20.5%
  • 3 Year Revenue Growth (Last Reported): 33%

Disclosure: Neither the author nor any of the principals at SmallCapPower, or their family members, own units in any of the companies mentioned above.

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