MONTREAL, QUEBEC — (Marketwired) — 11/26/13 — TECSYS Inc. (TSX: TCS), an industry-leading supply chain management software company, announced today its results for the second quarter of fiscal year 2014, ended October 31st, 2013. All dollar amounts are expressed in Canadian currency and are prepared in accordance with the International Financial Reporting Standards (IFRS) and are unaudited.
Overall highlights for the Second Quarter:
Financial Highlights for the Second Quarter:
Peter Brereton, President and CEO of TECSYS Inc., commented on the results: “The quarter marked a new set of highs in recent years for revenue, backlog and recurring revenue, and a solid performance in all of our financial metrics. Overall total bookings increased by 39% compared to last year-s 2nd quarter, and we continued to improve services revenue and margins by leveraging our expanded infrastructure and delivering a significant number of go lives to our major account customer base. Our leadership in health systems was further reinforced; we won the business of a major health system, the fifth customer in as many quarters in this market. We are pleased with these achievements and with the opportunities moving forward.”
First Half Financial Summary:
TECSYS- Second Quarter 2014 Results Conference Call:
About TECSYS
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 our website () and on SEDAR ().
Copyright © TECSYS Inc. 2013. All names, trademarks, products, and services mentioned are registered or unregistered trademarks of their respective owners.
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(514) 866-0001 or (800) 922-8649
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