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MONTREAL, QUEBEC -- (Marketwired) -- 02/27/14 -- TECSYS Inc. (TSX: TCS), an industry-leading supply chain management software company, today announced its results for the third quarter of fiscal year 2014, ended January 31st, 2014. All dollar amounts are expressed in Canadian currency and are prepared in accordance with the International Financial Reporting Standards (IFRS) and are unaudited.

Third Quarter Highlights:

- Revenue increased by 14% to $11.8M in Q3, 2014, the highest in a decade, compared to $10.4M in Q3, 2013.

- Services revenue grew to $7.9M, a 24% increase from last year, and profit margin improved to 38% from 20% in Q3 2013. The growth and margin improvements are due primarily to increased productivity from the professional services organization.

- Annualized recurring revenue increased to $17.0M at the end of Q3, 2014, compared to $15.4M at the end of Q3, 2013, a 11% increase and represents 38% of the last twelve months trailing revenue.

- Recorded $4.1M of new total contract value bookings in the quarter, including two new customers.

- New go lives of supply chain execution solutions occurred at 12 customer sites, most notably one in health systems and five major WMS sites, one of which is a heavy equipment dealer in South America.

- Partnered with GENCO to expand the reach of its healthcare offerings through third parties.

- EBITDA increased to $1.1M for Q3, 2014 compared to a loss of $28K for Q3, 2013.

- Profit from operations increased to $589K in Q3, 2014 compared to a loss of $464K in Q3, 2013.

- Net profit was $467K or $0.04 per share for Q3, 2014 compared to a net loss of $543K or $0.05 loss per share for Q3, 2013.

- Backlog was $27.4M at the end of Q3, 2014 compared to $25.1M at the end of Q3, 2013.

- Cash and cash equivalents amounted to $5.9M at the end of Q3, 2014 compared to $5.3M at the end of Q4, 2013.

TECSYS also announced that the Company's Board of Directors declared a semi-annual dividend of $0.04 per share, to be paid on March 28th, 2014 to shareholders of record on March 14th, 2014, an increase of 14%.

"We continued to drive top line revenue growth during Q3, led by the contribution from our services business. The investments we made in this group over the past 18 months are paying off with increased productivity and record revenue from the team," said Peter Brereton, President and CEO of TECSYS Inc. "Our sales pipeline is growing and we are seeing good traction across all verticals, particularly from healthcare. Specifically, we believe our leadership position in the healthcare market provides opportunities to expand our client base and drive new product offerings with our proprietary software."

Highlights of the First Nine Months:

--  Revenue increased 4% to $34.1M for the first nine months of fiscal 2014
    compared to $32.6M for the same period in last year.
--  Profit from operations was $1.5M for the first nine months of fiscal
    2014 compared to $1.0M for the same period last year, a 49% increase.
--  EBITDA was $2.8M for the first nine months of fiscal 2014 compared to
    $2.2M compared to the same period last year.
--  Net profit was $1.2M or $0.10 per share for the first nine months of
    fiscal 2014 compared to $0.7M or $0.06 per share for the same period
    last year.

Third Quarter 2014 Results Conference Call

Date: February 27, 2014
Time: 4:30 pm EST
Phone number: 800-747-0367 or 416-981-9001
The call can be replayed by calling 800-558-5253 (access code: 21709363) or
416-626-4100 (access code: 21709363).

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 (www.tecsys.com) and on SEDAR (www.sedar.com).

Copyright © TECSYS Inc. 2014. All names, trademarks, products, and services mentioned are registered or unregistered trademarks of their respective owners.

TECSYS Inc.
Condensed Interim Consolidated Statements of Financial Position
(Unaudited)

As at January 31, 2014 and April 30, 2013
(in thousands of Canadian dollars)

============================================================================
                                                   January 31,     April 30,
                                                          2014          2013
----------------------------------------------------------------------------

Assets

Current assets
  Cash and cash equivalents                     $        5,896 $       5,348
  Accounts receivable                                    9,306         7,959
  Work in progress                                         338         1,291
  Other accounts receivable                                145           132
  Tax credits                                            4,684         4,675
  Inventory                                                452           545
  Prepaid expenses                                       1,154         1,153
----------------------------------------------------------------------------
Total current assets                                    21,975        21,103
----------------------------------------------------------------------------

Non-current assets
  Restricted cash equivalents and other
   investments                                              80           120
  Non-current receivables                                    -            39
  Tax credits                                            1,444         1,219
  Property and equipment                                 2,736         2,928
  Deferred development costs                             3,894         3,317
  Other intangible assets                                  545           544
  Goodwill                                               2,239         2,239
  Deferred tax assets                                      569           710
----------------------------------------------------------------------------
Total non-current assets                                11,507        11,116
----------------------------------------------------------------------------

----------------------------------------------------------------------------
Total assets                                    $       33,482 $      32,219
============================================================================

Liabilities

Current liabilities
  Accounts payable and accrued liabilities      $        5,710 $       4,997
  Loans payable                                             58            70
  Term loan                                              1,000         1,000
  Deferred revenue                                       7,581         7,161
----------------------------------------------------------------------------
Total current liabilities                               14,349        13,228
----------------------------------------------------------------------------

Non-current liabilities
  Term loan                                              2,750         3,500
  Other non-current liabilities                            271           225
----------------------------------------------------------------------------
Total non-current liabilities                            3,021         3,725
----------------------------------------------------------------------------
Total liabilities                                       17,370        16,953
----------------------------------------------------------------------------

Equity

  Share capital                                          1,852         1,748
  Contributed surplus                                    9,577         9,588
  Retained earnings                                      4,683         3,930
----------------------------------------------------------------------------
Total equity attributable to the owners of the
 Company                                                16,112        15,266
----------------------------------------------------------------------------

----------------------------------------------------------------------------
Total liabilities and equity                    $       33,482 $      32,219
============================================================================

TECSYS Inc.
Condensed Interim Consolidated Statements of Comprehensive Income
(Unaudited)

Three and nine-month periods ended January 31, 2014 and 2013
(in thousands of Canadian dollars, except per share data)

============================================================================
                              Three     Three
                             Months    Months
                              Ended     Ended     Nine Months    Nine Months
                            January   January           Ended          Ended
                                31,       31,     January 31,    January 31,
                               2014      2013            2014           2013
============================================================================

Revenue:
  Software products      $    1,359 $   1,969   $       5,332  $       7,321
  Third-party hardware
   and software products      2,140     1,746           5,327          4,432
  Services                    7,921     6,413          22,369         20,082
  Reimbursable expenses         429       256           1,079            807
----------------------------------------------------------------------------
Total revenue                11,849    10,384          34,107         32,642
----------------------------------------------------------------------------

Cost of revenue:
  Products                    1,466     1,190           3,761          3,217
  Services                    4,943     5,121          14,573         14,840
  Reimbursable expenses         429       256           1,079            807
----------------------------------------------------------------------------
Total cost of revenue         6,838     6,567          19,413         18,864
----------------------------------------------------------------------------

Gross profit                  5,011     3,817          14,694         13,778

Operating expenses:
  Sales and marketing         2,100     2,073           6,349          5,709
  General and
   administration             1,006       870           2,970          2,972
  Research and
   development, net of
   tax credits                1,316     1,338           3,867          4,085
----------------------------------------------------------------------------
Total operating expenses      4,422     4,281          13,186         12,766
----------------------------------------------------------------------------

----------------------------------------------------------------------------
Profit (loss) from
 operations                     589      (464)          1,508          1,012
----------------------------------------------------------------------------

Net finance costs                47        92             203            303

----------------------------------------------------------------------------
Profit (loss) before
 income taxes                   542      (556)          1,305            709
----------------------------------------------------------------------------

Income taxes                     75       (13)            150              5

----------------------------------------------------------------------------
Profit (loss)
 attributable to the
 owners of the
 Companyand
 comprehensive income
 (loss) for the period   $      467 $    (543)  $       1,155  $         704
============================================================================

Basic and diluted
 earnings (loss) per
 common share            $     0.04 $   (0.05)  $        0.10  $        0.06
============================================================================

TECSYS Inc.
Condensed Interim Consolidated Statements of Cash Flows
(Unaudited)

Nine-month periods ended January 31, 2014 and 2013
(in thousands of Canadian dollars)

===========================================================================
                                             Nine Months      Nine Months
                                                   Ended            Ended
                                             January 31,      January 31,
                                                    2014             2013
---------------------------------------------------------------------------

Cash flows from (used in) operating
 activities:
Profit for the period                     $        1,155   $          704
Adjustments for:
  Depreciation of property and
   equipment                                         552              723
  Depreciation of deferred development
   costs                                             741              646
  Depreciation of other intangible
   assets                                            124              117
  Net finance costs                                  203              303
  Realized foreign exchange gains,
   unrealized foreign exchange losses,
   and other                                         423              148
  Federal non-refundable research and
   development tax credits                          (225)            (225)
  Income taxes                                       150                4
---------------------------------------------------------------------------
  Operating activities excluding
   changes in non-cash workingcapital
   items related to operations                     3,123            2,420

  Accounts receivable                             (1,347)           1,705
  Work in progress                                   953             (202)
  Other accounts receivable                          (29)             (57)
  Tax credits                                         (9)          (2,015)
  Inventory                                           93              127
  Prepaid expenses                                    (1)            (111)
  Accounts payable and accrued
   liabilities                                       299           (1,237)
  Deferred revenue                                   420             (105)
---------------------------------------------------------------------------
  Changes in non-cash working capital
   items related to operations                       379           (1,895)
---------------------------------------------------------------------------

---------------------------------------------------------------------------
Net cash from operating activities                 3,502              525
---------------------------------------------------------------------------

Cash flows (used in) from financing
 activities:
  Repayment of loans                                 (12)             (11)
  Term loan                                            -            5,000
  Repayment of term loan                            (750)            (250)
  Issuance of common shares                           40               57
  Purchase of common shares for
   cancellation and related fees                     (11)            (462)
  Purchase of share options for
   cancellation                                      (15)            (243)
  Payment of dividends                              (402)            (400)
  Interest paid                                     (127)             (55)
---------------------------------------------------------------------------
Net cash (used in) from financing
 activities                                       (1,277)           3,636
---------------------------------------------------------------------------

Cash flows (used in) from investing
 activities:
  Short-term and other investments and
   restricted cash equivalentsand other
   investments                                        40             (302)
  Interest received                                   31               32
  Acquisitions of property and
   equipment                                        (360)            (649)
  Acquisitions of other intangible
   assets                                           (125)            (166)
  Deferred development costs                      (1,318)          (1,125)
  Current and non-current receivables
   from TECSYS Latin America Inc.                     55               46
---------------------------------------------------------------------------
Net cash used in investing activities             (1,677)          (2,164)
---------------------------------------------------------------------------

Net increase in cash and cash
 equivalents during the period                       548            1,997

Cash and cash equivalents - beginning
 of period                                         5,348            5,217

---------------------------------------------------------------------------
Cash and cash equivalents - end of
 period                                   $        5,896   $        7,214
===========================================================================

TECSYS Inc.
Condensed Interim Consolidated Statements of Changes in Equity
(Unaudited)

Nine-month periods ended January 31, 2014 and 2013
(in thousands of Canadian dollars, except number of shares)

============================================================================

                                              Share capital     Contributed
                                     Number          Amount         surplus

----------------------------------------------------------------------------
Balance, April 30, 2013          11,449,421   $       1,748   $       9,588

   Profit and comprehensive
    income for the period                 -               -               -
----------------------------------------------------------------------------
Total comprehensive income for
 the period                               -               -               -
----------------------------------------------------------------------------

   Normal course issuer bid
    fees for repurchase of
    common shares                         -               -             (11)
   Share options exercised           25,000              40               -
   Fair value associated with
    options exercised                     -              64               -
   Dividends to equity owners             -               -               -
----------------------------------------------------------------------------
Total transactions with owners
 of the Company                      25,000             104             (11)
----------------------------------------------------------------------------

----------------------------------------------------------------------------
Balance, January 31, 2014        11,474,421   $       1,852   $       9,577
============================================================================


Balance, April 30, 2012          11,603,271   $       1,688   $      10,023

   Profit and comprehensive
    income for the period                 -               -               -
----------------------------------------------------------------------------
Total comprehensive income for
 the period                               -               -               -
----------------------------------------------------------------------------

   Repurchase of common shares     (187,300)            (27)           (435)
   Share options exercised           31,450              57               -
   Fair value associated with
    options exercised                     -              25               -
   Dividends to equity owners             -               -               -
----------------------------------------------------------------------------
Total transactions with owners
 of the Company                    (155,850)             55            (435)
----------------------------------------------------------------------------

----------------------------------------------------------------------------
Balance, January 31, 2013        11,447,421   $       1,743   $       9,588
============================================================================


=====================================================================

                                         Retained              Total
                                         earnings

---------------------------------------------------------------------
Balance, April 30, 2013          $          3,930   $         15,266

   Profit and comprehensive
    income for the period                   1,155              1,155
---------------------------------------------------------------------
Total comprehensive income for
 the period                                 1,155              1,155
---------------------------------------------------------------------

   Normal course issuer bid
    fees for repurchase of
    common shares                               -                (11)
   Share options exercised                      -                 40
   Fair value associated with
    options exercised                           -                 64
   Dividends to equity owners                (402)              (402)
---------------------------------------------------------------------
Total transactions with owners
 of the Company                              (402)              (309)
---------------------------------------------------------------------

---------------------------------------------------------------------
Balance, January 31, 2014        $          4,683   $         16,112
=====================================================================


Balance, April 30, 2012          $          3,845   $         15,556

   Profit and comprehensive
    income for the period                     704                704
---------------------------------------------------------------------
Total comprehensive income for
 the period                                   704                704
---------------------------------------------------------------------

   Repurchase of common shares                  -               (462)
   Share options exercised                      -                 57
   Fair value associated with
    options exercised                           -                 25
   Dividends to equity owners                (400)              (400)
---------------------------------------------------------------------
Total transactions with owners
 of the Company                              (400)              (780)
---------------------------------------------------------------------

---------------------------------------------------------------------
Balance, January 31, 2013        $          4,149   $         15,480
=====================================================================