Sylogist Ltd. announced audited financial results for the fiscal year ended September 30, 2014. For the year, the company reported that its revenues increased 51% to $17.5 million from $11.6 million in fiscal 2013. Adjusted EBITDA increased 15% year over year, to $5.5 million from $4.8 million, or $0.26 per share versus $0.24 in the previous year.

Profit for fiscal 2014 decreased to $3.1 million from $4.3 million in fiscal 2013, principally resulting from increased amortization and stock option compensation costs, as well as acquisition related costs, partially offset by a deferred tax recovery.