Innovation and Execution Propelling Growth at Montreal-Based TECSYS; 100 New Tech Jobs Within the Past 12 Months
MONTREAL, September 27, 2012 — TECSYS Inc. (TSX: TCS), an industry-leading supply chain management software company is riding an impressive, solid momentum in growth, profitability and significant job creation.
The company has reported profitable double-digit revenue growth in each of the last three quarters over the corresponding quarter of the previous year — 14% revenue growth in Q3, 2012, 27% revenue growth in Q4, 2012 and 28% revenue Growth in Q1, 2013. Furthermore, the Company has grown its employee population by 30%.
"We have hired Java developers, analysts, application specialists, management and administrative staff, and there is no end in sight at this point. We are delighted with this growth and with the dynamic, professional talent TECSYS is attracting," commented Patricia Barry, Vice President, Human Resources at TECSYS.
Known for its dynamic, open, entrepreneurial culture, TECSYS is prospering into a premier supplier to some of Fortune's largest healthcare and complex distribution organizations as well as innovators in the SMB (small to mid-size business) sector. The Company's R&D, Services and Administrative offices are primarily based in Montreal with some business units in its Markham, Ontario facility, and a number of satellite offices in the U.S.
Peter Brereton, President and CEO of TECSYS stated: "TECSYS is all about shared values of professionalism, teamwork, responsibility, diversity, integrity and customer-orientation. This shapes our culture and guides our decisions. During the last twelve months or so, we have released seven products that enhance our clients' abilities to service their own customers. We have deployed our solutions at more than eighty customer sites across the industries we serve in North America. These advances result from the work of our creative and professional staff who continue to put us on the map in the supply chain management industry, resulting in job satisfaction and clearly benefiting our customers' supply chain efficiency and competitive advantage."
- TECSYS Announces 28% Revenue Growth
- Mobility and Point-Of-Use Innovations Driving TECSYS' WMS Well Beyond the Current Competitive Landscape
- TECSYS Reports 27% Revenue Growth in Q4, 2012
- TECSYS Reports 14% Revenue Growth in Q3, 2012
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.
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 SEDAR.
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