Posted by Adam Polka | September 6, 2018
Montreal, September 6, 2018 — Tecsys Inc. (TSX: TCS) an industry-leading supply chain management software company, today announced its results for the first quarter of fiscal year 2019, ended July 31, 2018. The unaudited interim financial statements are prepared in accordance with International Financial Reporting Standards (IFRS). All dollar amounts are expressed in Canadian dollars unless otherwise indicated.
“Achieving record first quarter contract bookings for the second year in a row is a reflection of the increased momentum we have seen in our healthcare bookings in the second half of our last fiscal year, with two new hospital networks signing on this quarter. As well, we have seen great momentum with our cloud offering during the quarter where the total bookings for Cloud services surpassed the amount we booked during the whole fiscal year 2018,” said Peter Brereton, President and CEO of Tecsys Inc. “In June, we hosted a user conference and we are thankful for the strong support of our healthcare customers, which increased by 50% compared to our previous user conference held 20 months prior. This type of conference is a great investment in our customers and our future. Operating expenses remained flat compared to Q1 2018 in spite of our expenses related to our user conference.”
* Recognized $4.6 million of Canadian federal and non-refundable R&D tax credit
The Company has declared a dividend of $0.05 per share to be paid on October 5, 2018 to shareholders of record at the close of business on September 21, 2018.
Pursuant to the Canadian Income Tax Act, dividends paid by the Company to Canadian residents are considered to be “eligible” dividends.
Date: September 6, 2018
Time: 4:30 pm EDT
Phone number: (416) 981-9017 or (800) 584-10125
The call can be replayed until September 13th, 2018 by calling (416) 626-4100 or (800) 558 5253 (access code: 21894533). View the Q1 FY2019 Financial Statements (PDF, 51K)
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 Platformare 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.
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, 2018. These documents have been filed with the Canadian securities commissions and are available on this Web site and on SEDAR .
Copyright © Tecsys Inc. 2018. All names, trademarks, products, and services mentioned are registered or unregistered trademarks of their respective owners.
Tags: Financial Results, Press Release
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