Press Release

TECSYS Reports 27% Revenue Growth in Q4, 2012

MONTREAL, July 6, 2012—TECSYS Inc. (TSX: TCS), an industry-leading supply chain management software company, announced today its results for the fourth quarter and 2012 fiscal year ended April 30th, 2012. The results of the 2012 fiscal year are audited. All dollar amounts are expressed in Canadian currency and reported in accordance with the International Financial Reporting Standards (IFRS).

Highlights of the Fourth Quarter include:


Peter Brereton, President and CEO of TECSYS Inc., commented on the results: "The combination of our new supply chain software products and the resurgence of the supply chain management market has been evident, we have felt the impact during this quarter more than any other period in the last two to three years. We won the business of nine new customers, several of these being complex distribution accounts, including one of the largest electronic components distributors in the world and three heavy equipment service parts distributors. Our customer base also invested heavily in our solutions, particularly in the healthcare industry, which contributed the lion’s share of base account bookings in Q4 of 2012. As our backlog continued its consistent growth; a 25% increase in the past year, we invested in our infrastructure, hiring over 50 people by the end of the fiscal year to continue to be able to deliver on our services’ bookings and respond to the needs of our growing customer base."

New customers won during the quarter included:

  • Two Heavy Equipment Dealers; one in the U.S. and one in South America
  • The Canadian operations of a global heavy equipment manufacturer and distributor
  • Canada's largest distributor of value priced greeting cards
  • One of the largest distributors of electronic components
  • Four industrial distributors; two in Canada and two in the U.S.

Furthermore, the Company signed a significant number of new agreements with existing customers across its business units with healthcare representing 50% of total bookings during the quarter. The Company also completed the deployment of its solutions for the go-lives of twenty three customer sites across all of the Company’s vertical markets during the quarter.

Highlights of the 2012 Fiscal Year include:

  • Revenue for fiscal 2012 increased by 11% to $39.5M compared to $35.7M for last fiscal year. Product revenue increased by 17% to $14.6M in 2012 compared to $12.5M in 2011, with the Company’s proprietary License revenue increasing by 25% to $7.3M in 2012 compared to $5.8M in last fiscal year. Services revenue increased by 8% to $24.1M in 2012 compared to $22.3M in last year.
  • Profit from operations for the year was $1.5M which was the same as the last fiscal year.
  • EBITDA was $3.1M in 2012 compared to $3.2M in fiscal 2011.
  • Net profit for the year was $1.1M or $0.09 per share compared to $1.6M or $0.13 for 2011.

TECSYS' Q4 FY2012 Earnings Conference Call:

Date:July 6, 2011
Time: 4:30 p.m. EDT
Phone number: 800-745-9476 or 416-981-9006

The call can be replayed by calling 800-558-5253 (access code: 21598658) or 416-626-4100 (access code: 21598658).

View the Q4 FY2012 Financial Statements (PDF, 80K)


About TECSYS

TECSYS is a leading supply chain management software provider that delivers powerful enterprise distribution, warehouse and transportation logistics software solutions. The company's customers include over 600 mid-size and Fortune 1000 corporations in healthcare, heavy equipment, third-party logistics, and general wholesale high-volume distribution industries. TECSYS' shares are listed on the Toronto Stock Exchange under the ticker symbol TCS.

Contact

Solutions and general info: info@tecsys.com
Investor relations: investor@tecsys.com
Media relations: media@tecsys.com
By phone: (514) 866-0001 or (800) 922-8649

 

The statements in this news release relating to matters that are not historical fact are forward looking statements that are based on management's beliefs and assumptions. Such statements are not guarantees of future performance and are subject to a number of uncertainties, including but not limited to future economic conditions, the markets that TECSYS Inc. serves, the actions of competitors, major new technological trends, and other factors beyond the control of TECSYS Inc., which could cause actual results to differ materially from such statements. More information about the risks and uncertainties associated with TECSYS Inc.'s business can be found in the MD&A section of the Company's annual report and annual information form for the fiscal year ended April 30th, 2013. These documents have been filed with the Canadian securities commissions and are available on this Web site and on SEDARExternal Link.

Copyright © TECSYS Inc. 2014. All names, trademarks, products, and services mentioned are registered or unregistered trademarks of their respective owners.

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