TECSYS Announces 33% Growth in License Revenue
Declares Dividend of 3 Cents
(firmenpresse) - MONTREAL, QUEBEC -- (Marketwire) -- 09/08/11 -- TECSYS Inc. (TSX: TCS), an industry-leading supply chain management software company announced today its results for the first quarter of fiscal year 2012, ended July 31st, 2011. All dollar amounts are expressed in Canadian currency and are prepared in accordance with the International Financial Reporting Standards (IFRS) and are unaudited.
Financial Highlights of the Quarter:
TECSYS also announced today that the Company's Board of Directors has declared a semi-annual dividend of $0.03/share, to be paid on October 6, 2011 to shareholders of record on September 22, 2011.
Peter Brereton, President and CEO of TECSYS Inc., commented on the results: "A combination of projects completed from our solid and growing backlog and significant new business from our base accounts drove our top line 7% higher than Q1 of last year. Good execution of customer projects and implementation services enabled 9% growth in services revenue, while our continued focus on our own software enabled a 33% leap in proprietary software revenue, improving gross profit by 20% in the quarter compared to Q1 of last year. Furthermore, during the quarter, we were able to launch a new and innovative product - TECSYS' SMS (Supply Management System). TECSYS' SMS, a nurse-friendly supply chain execution solution, empowers hospitals and clinics to become significantly more efficient at point-of-use. It brings optimum ease-of-use to clinicians and provides them with access to supplies quickly and easily from anywhere in a hospital network. TECSYS' SMS also reduces cost and captures item usage for demand planning and ultimately for patient billing. TECSYS' SMS has already been deployed at its first customer, Parkview Health, who, in a very short period of time, has gained significant tangible and intangible benefits from its deployment. The launch of SMS further solidifies our market position in the hospital supply network space and provides us with a significant new source of revenue from new and existing clients and further improves our sales pipeline."
During the quarter, the Company signed nineteen agreements with existing and new clients including:
Healthcare:
High-Volume Distribution:
Furthermore, TECSYS also deployed its supply chain execution solutions at seventeen customers in Canada and the United States.
TECSYS' First Quarter 2012 Earnings Conference Call:
Date: September 8, 2011
Time: 4:30 p.m. ET
Phone number: 800-617-7643 or 416-352-0001
The call can be replayed by calling 800-558-5253 (access code: 21536937) or 416-626-4100 (access code: 21536937).
Related Links
TECSYS Recurring Revenue Reaches 39% in Fiscal 2011:
For more information about TECSYS' SMS, click here or go to:
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IDNs Turn Exclusively to TECSYS:
Top-Rated Intermountain Healthcare Selects TECSYS:
Piedmont HealthCare Eliminates Clinical Staff Supply Chain Distractions:
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 500 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, 2011. These documents have been filed with the Canadian securities commissions and are available on our website () and on SEDAR ().
Copyright © TECSYS Inc. 2011. All names, trademarks, products, and services mentioned are registered or unregistered trademarks of their respective owners.
Contacts:
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TECSYS Inc.
(514) 866-0001 or (800) 922-8649
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Datum: 08.09.2011 - 14:46 Uhr
Sprache: Deutsch
News-ID 63730
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Software
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