The Montreal-headquartered firm is now projecting revenue growth of about 18 per cent in its 2025 fiscal year ending March 31, down from its estimate of 20 per cent last month. It cited reduced sales for its clients over the last two months, due to lower consumer spending driven by worsening macroeconomic conditions such as higher inflation and increasing job worries. (The Logic)

Talking point: Consumer confidence in the U.S., Lightspeed’s biggest market by far, dropped sharply last month. The firm said revenue rose 24 per cent to US$909 million in its 2024 fiscal year. Despite its lower sales forecast for this fiscal year, Lightspeed is maintaining its profit outlook, projecting over US$53 million in adjusted earnings. The company did two rounds of layoffs last year as part of a broader plan to cut costs. Last month, it announced it would continue to be publicly-traded after exploring sale options. Lightspeed’s share price fell as much as 5.7 per cent in Monday trading, even as CEO Dax Dasilva called for policymakers to help create more certainty for businesses amid the U.S.-Canada trade war.