MONTREAL, QUEBEC — (Marketwired) — 07/06/16 — TECSYS Inc. (TSX: TCS) an industry-leading supply chain management software company, today announced its results for the fourth quarter and fiscal year 2016, ended April 30, 2016. All dollar amounts are expressed in Canadian currency and are prepared in accordance with International Financial Reporting Standards (IFRS).
Fourth Quarter Highlights:
“Fiscal 2016 was a very successful year for us, achieving both top and bottom line growth,” said Peter Brereton, President and CEO of TECSYS Inc. “We won several significant contracts in both the healthcare and complex distribution segments of our business, controlled our operating expenses and achieved key advances in our technology and service offering that will drive further growth.”
“As a result of this success and with a positive outlook on our future, the Board of Directors has authorized a 20% increase in the quarterly dividend to $0.03 per share, beginning this August,” he added.
Fiscal 2016 Highlights:
“Looking to fiscal 2017, we are well-positioned for further success,” stated Mr. Brereton. “We will continue to benefit from our leadership position in healthcare SCM to add new customers and deepen our relationship with existing customers. In addition, we are confident that our dedicated complex distribution sales team will continue to drive contract wins in that segment adding to our broader market penetration. We will maintain a disciplined approach to operating costs across the business, as we look to leverage the investments we have made in sales, marketing and R&D over the last few years.”
Fourth Quarter 2016 Results Conference Call
Date: July 7, 2016 Time: 8:30 am EST
Phone number: 416-359-3130 or 800-670-5957
The call can be replayed by calling 800-558-5253 or 416-626-4100 (access code: 21806779).
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 and as well as complete financial management and analytics. Customers running on TECSYS– 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 Over 600 mid-size and Fortune 1000 customers trust their supply chains to TECSYS in the healthcare, and general wholesale high-volume distribution industries. TECSYS– shares are listed on the Toronto Stock Exchange under the ticker symbol
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, 2015. These documents have been filed with the Canadian securities commissions and are available on our website and on SEDAR .
Copyright © TECSYS Inc. 2016. All names, trademarks, products, and services mentioned are registered or unregistered trademarks of their respective owners.
Contacts:
Solutions and general info:
Investor relations:
(514) 866-5800 ext. 4120
Media relations:
TECSYS Inc.
(514) 866-0001 or (800) 922-8649
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