Posted by Tecsys | June 29, 2021
Montreal, June 29, 2021— Tecsys Inc. (TSX: TCS), an industry-leading supply chain management SaaS company, today announced its results for the fourth quarter and full year of fiscal year 2021, ended April 30, 2021. All dollar amounts are expressed in Canadian currency and are prepared in accordance with International Financial Reporting Standards (IFRS).
Fourth Quarter Highlights:
“We are pleased by our record results as we wrap up an extraordinary year. Our performance for the fourth quarter of fiscal 2021, as well as full year, is a testament to the need for truly adaptable and agile solutions. It was humbling to watch our clients adapt their businesses with the help of our solutions in the midst of a pandemic,” said Peter Brereton, president and CEO of Tecsys Inc. “As we report our ninth straight quarter of record revenue, as well as several notable wins over the last year, we are ready to hit the ground running into FY22 with a very strong pipeline. Our strategy to transition to a SaaS model is proving to be a home run for Tecsys.”
Mark Bentler, chief financial officer of Tecsys Inc., added, “Our revenue mix continues to arc towards SaaS across both new accounts and existing account expansions and migrations. This accelerating transition is improving the quality and consistency of our revenue streams and increasing the lifetime value of our customer base.”
Fiscal 2021 Highlights:
On June 29, 2021, the Company declared a quarterly dividend of $0.065 per share payable on August 6, 2021 to shareholders of record at the close of business on July 16, 2021.
Pursuant to the Canadian Income Tax Act, dividends paid by the Company to Canadian residents are considered to be “eligible” dividends.
For financial tables click here
Fourth Quarter and Full Year Fiscal 2021 Results Conference Call
Date: June 30, 2021
Time: 8:30am EDT
Phone number: (877) 210-0456 or (416) 981-9006
The call can be replayed until July 7, 2021 by calling:
(800) 558-5253 or (416) 626-4100 (access code: 21995521)
Tecsys is a global provider of supply chain solutions that equip the borderless enterprise for growth. Organizations thrive when they have the software, technology and expertise to drive operational greatness and deliver on their brand promise. Spanning healthcare, retail, service parts, third-party logistics, and general wholesale high-volume distribution industries, Tecsys delivers dynamic and powerful solutions for warehouse management, distribution and transportation management, supply management at point of use, retail order management, as well as complete financial management and analytics solutions. Tecsys’ shares are listed on the Toronto Stock Exchange under the ticker symbol TCS. For more information on Tecsys, visit www.tecsys.com.
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 30, 2020. These documents have been filed with the Canadian securities commissions and are available on our website (www.tecsys.com) and on SEDAR (www.sedar.com).
Copyright © Tecsys Inc. 2021. All names, trademarks, products, and services mentioned are registered or unregistered trademarks of their respective owners.
i See Key Performance Indicators in Management’s Discussion and Analysis of the 2021 Financial Statements.
ii See Non-IFRS Performance Measures in Management’s Discussion and Analysis of the 2021 Financial Statements.
September 21, 2021
Montreal, Canada. September 21, 2021 — Tecsys Inc. (TSX: TCS), an industry-leading supply chain management software company, is pleased to…
September 14, 2021
Montreal, Canada. September 14, 2021 — Tecsys Inc. (TSX: TCS), an industry-leading supply chain management software company, today announces that Australian fashion chain Politix,…
September 9, 2021
Tenth consecutive quarter of record revenue; SaaS revenue up 47% year-over-year Montreal, September 9, 2021— Tecsys Inc. (TSX: TCS),…
Subscribe to our blog and stay up-to-date with the latest supply chain news and resources.
1 Place Alexis Nihon
Montreal, QC H3Z 3B8
Phone: 800 922 8649
2021 © All Rights Reserved.