Q1 Results FY2008

Highlights

• Signed five new customers
• Deferred license revenue increased to $2.2 million
• Earnings from operations were $141K
• EBITDA improved to $300K
• Gross margin percentage increased to 44%
• Total operating expenses decreased by 2%
• Backlog increased to $16.0 million

From the President

"Q1 (FY2008) reflects the continued improvement to our financial results that have seen a major shift to profitability during the last three quarters. Our EBITDA is up substantially compared to Q1 of 2007 and we continued to generate cash. I am particularly pleased with the wins in the markets where we have focused and it is clearly reflected in the substantial growth in deferred licence revenue. The successful deployment of a record number of key accounts in healthcare, heavy equipment dealers and high volume distributors that went live on our solutions in this quarter also demonstrates our success in these market segments."

Peter Brereton, President and CEO
TECSYS Inc.

Analysts Call Participants

Peter Brereton, President and CEO
Berty Ho-Wo-Cheong, CFO

Documents

• CEO Speech (Analysts Call) (48Kb)
• Quarterly Report (446Kb)
• Press Release:
  TECSYS Winning Momentum Continues With Key New Customers and Improved Earnings