Accsys Technologies (OTC:ACSYF) has posted strong annual results and the stock was up between 5% and 10% in early trading following the announcement on Tuesday. This is a welcome relief as Accsys has been beaten down harshly in March due to understandable worries about end markets.
The strong results are helping investors to regain confidence in the fundamental growth thesis of the company. In particular revenue pricing was strong and revenue was resilient despite a weak month of March. The results were better than I expected and I continue to be bullish on