TECSYS Reports Fiscal 2014 Fourth Quarter and Year-End Financial Results, Doubles Annual Net Profit

MONTREAL, July 8, 2014 — TECSYS Inc. (TSX: TCS), an industry-leading supply chain management software company, today announced its results for the fourth quarter and 2014 fiscal year, ended April 30th, 2014. All dollar amounts are expressed in Canadian currency and are prepared in accordance with the International Financial Reporting Standards (IFRS).


Fourth Quarter Highlights:


TECSYS also announced that the Company’s Board of Directors has approved changing the dividend policy from a semi-annual basis to a quarterly basis. To this effect, the Board has declared a quarterly dividend of $0.0225 per share, an increase of 12.5%, to be paid on August 6th, 2014 to shareholders of record on July 22nd, 2014.

"In the fourth quarter we continued building momentum, growing our bottom line through improved services margin and realizing higher proprietary product revenues," said Peter Brereton, President and CEO of TECSYS Inc. "The investments we made in the Company started to show their value this year as we improved operationally, and with the acquisition of Logi-D in the first quarter of 2015, we are in an excellent position to accelerate our growth and extend our leadership in our key markets."


Highlights of the 2014 Fiscal Year

  • Revenue increased 6% to $46.6M compared to $43.8M for the last fiscal year. Service revenue increased 10% to $30.2M compared to $27.5M in fiscal 2013. Service gross profit margin improved to 35% from 27% last fiscal year.
  • Profit from operations was $2.3M for fiscal 2014 compared to $1.3M for fiscal 2013, a 77% improvement.
  • EBITDA was $4.1M in fiscal 2014 compared to $3.0M last year.
  • Net profit was $1.8M or $0.16 per share for fiscal 2014 compared to $0.9M or $0.08 per share for the same period last year.

Fourth Quarter 2014 Results Conference Call:

Date: July 8, 2014
Time: 4:30 pm EST
Phone number: 800-732-8470 or 416-981-9035

The call can be replayed by calling 800-558-5253 (access code: 21722138) or 416-626-4100 (access code: 21722138).

  View the Q4 FY2014 Financial Statements (PDF, 37K)


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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Forward Looking Statements

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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