Financial Performance - TELUS reported Q3 2025 operating revenues of $5.1 billion[41] - Adjusted EBITDA reached $1.9 billion, a 1% year-over-year increase[41] - Free cash flow increased by 8% year-over-year to $611 million[41] - Capital expenditures (excluding real estate) decreased by 4% year-over-year to $616 million[41] - The company is targeting a net debt to EBITDA ratio of approximately 3.0x by 2027[10] Customer Growth and Loyalty - Total customer additions were strong at 288,000[10] - Industry-best postpaid mobile phone churn of 0.91%[10] - Internet net additions were +40,000[15] TELUS Health and Digital - TELUS Health revenue grew by 18% year-over-year to $517 million[35] - TELUS Health Adjusted EBITDA increased by 24% year-over-year to $91 million[35] - TELUS Health covers more than 160 million lives globally[10] - TELUS Digital revenue grew by 5% year-over-year to $708 million[37] - TELUS Digital Adjusted EBITDA was $105 million[37] Strategic Initiatives - TELUS completed the privatization of TELUS Digital, expecting $150 million in annualized cash synergies by the end of 2026[18] - AI-enabling revenue is approaching $800 million for 2025 and is expected to reach approximately $2 billion by 2028, with a CAGR of over 30%[21]

Core Insights - Sylogist Ltd. reported its Q3 2025 financial results, highlighting a transformation towards a SaaS-driven enterprise with 72% of revenue now recurring [2][3] - The company achieved a year-over-year growth of 15% in SaaS Annual Recurring Revenue (ARR), reaching $33.6 million, while total ARR grew by 5% to $45.8 million [7] - The Board of Directors approved a dividend of $0.01 per share, payable on December 10, 2025 [3] Financial Performance - SaaS Subscription revenue was reported at $8.3 million, with a year-over-year growth of 11.9% [1] - Total revenue was reported at $15.9 million, reflecting a decline of 4.2% year-over-year [1] - Adjusted EBITDA margin stood at 19.3%, equating to $3.1 million [7] Business Strategy - 48% of ARR bookings in the quarter were partner-driven, indicating successful implementation of the partner strategy [3] - The company is transitioning away from lower-margin, one-time project services to focus on high-margin SaaS revenue [3] Market Position - Sylogist serves over 2,000 public sector customers globally across government, non-profit, and education sectors [5] - The company’s stock is traded on the Toronto Stock Exchange under the symbol SYZ [5]

Core Insights - TELUS Corporation has successfully completed the acquisition of TELUS Digital, enhancing its position as a global leader in AI-powered digital customer experience and SaaS transformation across various industries [1] - The integration is expected to drive growth in TELUS' telecommunications, health, agriculture, and consumer goods sectors, while also expanding growth opportunities for TELUS Digital within its external client base [1] - Operational efficiencies from this acquisition are projected to generate approximately $150 million annually [1] Financial Details - The acquisition involved purchasing all outstanding multiple voting shares and subordinate voting shares of TELUS Digital not already owned by TELUS, at a price of US$4.50 per share [1] - The total consideration for the acquisition amounts to approximately US$539 million [1] - Following the acquisition, TELUS now owns 100% of TELUS Digital [1]