MONTREAL, QUEBEC — (Marketwired) — 09/08/16 — TECSYS Inc. (TSX: TCS), an industry-leading supply chain management software company, today announced its results for the first quarter of fiscal year 2017, ended July 31, 2016. All dollar amounts are expressed in Canadian currency and are prepared in accordance with International Financial Reporting Standards (IFRS) and are unaudited.
First Quarter Highlights:
“While our first quarter is perennially slow and this year was no exception, we were pleased with the progress we made on a number of fronts. On a same treatment basis, profit would have increased by approximately $450K over last year. We increased revenue and profit while continuing to take a disciplined approach to our operating expenses resulting in a small increase in Profit from Operations in spite of the end of our R&D capitalization. Our Q4 of fiscal 2016 marked the end of the multi-year rewrite of our legacy systems into a modern web architecture and hence, the end of our capitalization program.” said Peter Brereton, President and CEO of TECSYS Inc. “We signed two new accounts in the quarter including a key account in the heavy equipment market and had a number of successful go-lives in the quarter ranging from hospitals to 3PL–s and heavy equipment dealers and covering a range of geographies including the U.S., Canada, Mexico and the U.K. Looking forward, we are confident we are on track to meet our growth targets. With solid bookings and a solid sales pipeline, we expect continued progress through the rest of the year.”
The Company has declared a dividend of $0.03 per share to be paid on October 7, 2016 to shareholders of record at the close of business on September 23, 2016.
First Quarter 2017 Results Conference Call
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.
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, 2016. 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
You must be logged in to post a comment Login