Q2 Results FY2008

Highlights

• Signed four new customers, and a number of upgrades with existing customers
• Completed the deployment of its software at sixteen existing clients
• Total revenue increased by 29% to $9.7M
• Gross margin percentage increased to 49%
• Earnings from operations were $993K
• Net earnings reached $427K or $0.03 per share
• Generated $1.3 million cash from operations
• Backlog increased to $17.8 million

From the President

"Q2 (FY2008) was a great quarter. In spite of strong currency headwinds, we saw substantial gains in revenue and earnings with product revenue soaring 56%. We won several key new accounts and continued our growth in the heavy equipment market. The combination of continued investment from our customer base and these new account wins has resulted in the highest quarterly revenue and operating earnings in our company’s history."

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) (44Kb)
• Quarterly Report (548Kb)
• Press Release:
  TECSYS Operating Earnings Reach $993K in Q2; Generates $1.3M in Cash