Press Release

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)


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.

TECSYS' integrated suite of supply chain execution applications are warehouse-centric and its warehouse management software is complemented by distribution management software, transportation management software and business intelligence solutions that enable customers to seamlessly execute order-to-cash and purchase-to-pay processes without barriers.

Contact

Solutions and general info: info@tecsys.com
Human Resources: tecsyshr@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. 2013. All names, trademarks, products, and services mentioned are registered or unregistered trademarks of their respective owners.

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