TECSYS Announces 28% Revenue Growth, Posts 10 Cents EPS for Q1 FY2013, Hikes Dividend

MONTREAL, September 6, 2012—TECSYS Inc. (TSX: TCS), an industry-leading supply chain management software company, announced today its results for the first quarter of fiscal year 2013, ended July 31st, 2012. All dollar amounts are expressed in Canadian currency and are prepared in accordance with the International Financial Reporting Standards (IFRS) and are unaudited.

Financial Highlights of the Quarter:

TECSYS also announced today that the Company's Board of Directors has declared a semi-annual dividend of $0.035/share, to be paid on October 5, 2012 to shareholders of record on September 21, 2012. This represents an increase of 16.7% from the previous semi-annual dividend.

Peter Brereton, President and CEO of TECSYS Inc., commented on the results: "We believe that we have the best supply chain execution suite on the market today and the market is beginning to agree with us. Q1, 2013 was a great quarter. Momentum from Q3 and Q4, 2012 continued in this quarter with a substantial revenue increase compared to last year for both of our products and services, driving gross profit up by 38% and resulting in a ten cent EPS. Our ability to capture major accounts, particularly in the past five years, has significantly improved and solidified our recurring revenue stream. Among the many agreements, this quarter included the signing of a major contract with an existing customer, a Fortune 500 manufacturer and distributor, which contributed to this quarter's growth and profitability. Furthermore, our investment in our services infrastructure is starting to pay off; we were able to increase delivery to our clients and complete the deployment of nineteen customer sites contributing to a 12% increase in services revenue in Q1."

During the quarter, the Company signed a significant number of agreements with existing and new clients including:

  • Three in the healthcare sector
  • Fifteen in general high-volume distribution
  • Thirteen in the SMB sector

TECSYS' First Quarter 2013 Earnings Conference Call:

Date: September 6, 2012
Time: 4:30 pm
Phone number: 800-747-0367 or 416-981-9017

The call can be replayed by calling 800-558-5253 (access code: 21603393) or 416-626-4100 (access code: 21603393).

  View the Q1 FY2013 Financial Statements (PDF, 57K)


TECSYS provides transformative supply chain solutions that equip our customers to succeed in a rapidly-changing omni-channel world. TECSYS solutions are built on a true enterprise supply chain platform, and include warehouse management, distribution and transportation management, supply management at point-of-use, as well as complete financial management and analytics solutions. Customers running on TECSYS' Supply Chain Platform are confident knowing they can execute, day in and day out, regardless of business fluctuations or changes in technology, they can adapt and scale to any business need or size, and they can expand and collaborate with customers, suppliers and partners as one borderless enterprise. From demand planning to demand fulfillment, TECSYS puts power into the hands of both front line workers and back office planners, and unshackles business leaders so they can see and manage their supply chains like never before.

TECSYS is the market leader in supply chain solutions for health systems and hospitals. Over 600 mid-size and Fortune 1000 customers trust their supply chains to TECSYS in the healthcare, service parts, third-party logistics, and general wholesale high-volume distribution industries. TECSYS' shares are listed on the Toronto Stock Exchange under the ticker symbol TCS.


Forward Looking Statements

The statements in this web site 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, 2016. These documents have been filed with the Canadian securities commissions and are available on this Web site and on SEDAR .

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