TECSYS Reports Record Bookings in Q4

MONTREAL, July 9, 2013—TECSYS Inc. (TSX: TCS), an industry-leading supply chain management software company, announced today its results for the fourth quarter and 2013 fiscal year ended April 30th, 2013. The results of the 2013 fiscal year are audited. All dollar amounts are expressed in Canadian currency and reported in accordance with the International Financial Reporting Standards (IFRS).


Overall highlights for the Fourth Quarter:


Financial highlights for the Fourth Quarter:


Peter Brereton, President and CEO of TECSYS Inc., commented on the results: "This was an investment year, as we increased gross R&D by 20%, while also investing heavily in our services organization with average headcount in services up by 31%. It is beginning to pay off, with license fees up 27% for the year, and services revenue beginning to rise significantly toward the end of the year, up 22% in Q4. During the quarter, we won the business of ten new customers including two major health systems, reinforcing our continued acceptance and leadership in this vertical. We also saw significant reinvestment in our products and services by forty-five existing customers. New contract bookings in the quarter were the highest in our history."


Highlights of the 2013 Fiscal Year include:

  • Revenue for fiscal 2013 increased by 11% to $43.8M compared to $39.5M for last fiscal year. License revenue increased by 27% to $9.3M in 2013 compared to $7.3M in 2012. Services revenue increased by 14% to $27.5M in 2013 compared to $24.1M in 2012.
  • Profit from operations for fiscal year 2013 was $1,268K compared to $1,455K for last fiscal year.
  • EBITDA was $2,966K in 2013 compared to $3,075K in fiscal year 2012.
  • Net profit for 2013 was $885K or $0.08 per share compared to $1,057K or $0.09 per share for 2012.
  • Net profit, adjusted for the impact of option expense due to the rising share price, was roughly flat at $1,127K in fiscal 2013 versus $1,124K in fiscal 2012, or $0.10 per share for both periods.

TECSYS’ Fourth Quarter 2013 Earnings Conference Call:

Subject: Q4 and FY2013 Results Conference Call
Date: July 9, 2013
Time: 4:30 pm EDT
Phone number: 800-734-8583 or 416-981-9023

The call can be replayed by calling 800-558-5253 (access code: 21662429) or 416-626-4100 (access code: 21662429).

  View the Q4 FY2013 Financial Statements (PDF, 79K)


About TECSYS

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, as well as complete financial management and analytics. 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 needs 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.

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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, 2015. These documents have been filed with the Canadian securities commissions and are available on this Web site and on SEDAR .

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