TECSYS Reports Second Quarter Results
Recurring Revenue Reaches $14.4 Million
(firmenpresse) - MONTREAL, QUEBEC -- (Marketwire) -- 12/01/11 -- TECSYS Inc. (TSX: TCS), an industry-leading supply chain management software company, announced today its results for the second quarter of fiscal year 2012, ended October 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.
Second Quarter Financial Summary:
Peter Brereton, President and CEO of TECSYS Inc., commented on the results: "We won seven new customers during the quarter including two major US organizations; a Fortune 100 healthcare products and services provider and a US Government Department. Our services organization continued to execute well against our backlog and improved its revenue by 5% compared to last year, while adding significantly to its capacity. Our pipeline continues to be solid, with both services parts distribution and the gas and welding sector seeing a resurgence of activity and healthcare continuing to be active."
During the quarter, the Company won the business of seven new clients including:
TECSYS also signed nineteen new business agreements with existing clients; four in healthcare, fourteen in general high-volume distribution and one third-party logistics provider. Furthermore, TECSYS deployed its supply chain execution solutions at thirteen customers from across its business units in Canada and the United States.
First Half Financial Summary:
TECSYS' Second Quarter 2012 Earnings Conference Call:
The call can be replayed by calling 800-558-5253 (access code: 21548836) or 416-626-4100 (access code: 21548836).
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 more than 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.
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(514) 866-0001 or (800) 922-8649
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Datum: 01.12.2011 - 16:13 Uhr
Sprache: Deutsch
News-ID 93158
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MONTREAL, QUEBEC
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Software
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