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MONTREAL, QUEBEC -- (Marketwired) -- 11/26/13 -- TECSYS Inc. (TSX: TCS), an industry-leading supply chain management software company, announced today its results for the second quarter of fiscal year 2014, ended October 31st, 2013. All dollar amounts are expressed in Canadian currency and are prepared in accordance with the International Financial Reporting Standards (IFRS) and are unaudited.

Overall highlights for the Second Quarter:

--  Proprietary license revenue increased by 21% compared to last year.
--  Services continued to achieve progressive growth, 5% in Q2, 2014
    compared to last year, with a notable return on the investments made in
    infrastructure.
--  Signed forty-seven new contracts; forty with existing customers and
    seven with new clients. Major highlights of the quarter included winning
    the business of a leading health system in the U.S., and expanding
    business with a fortune 100 healthcare provider into their Canadian
    operations.
--  Deployed supply chain execution solutions at twelve customers in Canada
    and the United States, eight of which are major customers.
--  Hosted the Company's user conference with the highest customer
    attendance to date, and introduced new products that have attracted
    significant interest for upgrades.

Financial Highlights for the Second Quarter:

--  Revenue increased by 8% to $11.7M in Q2, 2014, the highest in a decade,
    compared to $10.7M in Q2, 2013.
--  Profit from operations increased to $748K in Q2, 2014 compared to $428K
    in Q2, 2013.
--  EBITDA for Q2, 2014 increased to $1,181K compared to $613K for Q2 of
    last fiscal year, a 93% increase.
--  Net profit for Q2, 2014 increased substantially to $605K or $0.05 per
    share, compared to $122K or $0.01 per share for Q2 of last fiscal year.
--  Annualized recurring revenue increased to $16.3M, the highest to date,
    at the end of Q2, 2014, compared to $15.5M at the end of Q2, 2013.
    Recurring revenue for Q2, 2014 represented 37% of revenue for the last
    twelve months.
--  Backlog at the end of Q2, 2014, reached a historical high of $27.5M
    compared to $25.5M at the end of Q2, 2013.
--  Cash generated from operating activities prior to changes in non-cash
    working capital amounted to $1,164K in Q2, 2014 compared to $934K in Q2,
    2013.
--  Cash and cash equivalents amounted to $4.2M at the end of Q2, 2014
    compared to $6.8M at the end of Q1, 2014.

Peter Brereton, President and CEO of TECSYS Inc., commented on the results: "The quarter marked a new set of highs in recent years for revenue, backlog and recurring revenue, and a solid performance in all of our financial metrics. Overall total bookings increased by 39% compared to last year's 2nd quarter, and we continued to improve services revenue and margins by leveraging our expanded infrastructure and delivering a significant number of go lives to our major account customer base. Our leadership in health systems was further reinforced; we won the business of a major health system, the fifth customer in as many quarters in this market. We are pleased with these achievements and with the opportunities moving forward."

First Half Financial Summary:

--  Revenue for the first half, 2014 remained at $22.3M compared to the
    first half of last fiscal year.
--  Q1, 2013 included a major customer base contract which contributed
    significantly to the Company's 28% revenue growth compared to Q1, 2012
    as well as making a noteworthy contribution to product revenue, profit
    from operations and net earnings.
--  Profit from operations for the first half, 2014 was $919K compared to
    $1,476K for the same period in last year.
--  EBITDA for the first half, 2014 was $1,760K compared to $2,246K for the
    first half of 2013.
--  Net profit for the first half of fiscal, 2014 was $688K or $0.06 per
    share compared to $1,247K or $0.11 per share for the same period of the
    prior fiscal year.

TECSYS' Second Quarter 2014 Results Conference Call:

Date: November 26, 2013
Time: 4:30 p.m. EST
Phone number: 800-732-5617 or 416-620-9188
The call can be replayed by calling 800-558-5253 (access code: 21689032) or
416-626-4100 (access code: 21689032).

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. 2013. 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 October 31, 2013 and April 30, 2013
(in thousands of Canadian dollars)

----------------------------------------------------------------------------
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                                                  October 31,      April 30,
                                                         2013           2013
----------------------------------------------------------------------------

Assets

Current assets
  Cash and cash equivalents                     $       4,207  $       5,348
  Accounts receivable                                   9,839          7,959
  Work in progress                                      1,035          1,291
  Other accounts receivable                               217            132
  Tax credits                                           4,089          4,675
  Inventory                                               369            545
  Prepaid expenses                                        942          1,153
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Total current assets                                   20,698         21,103
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Non-current assets
  Restricted cash equivalents and other
   investments                                             80            120
  Non-current receivables                                  14             39
  Tax credits                                           1,369          1,219
  Property and equipment                                2,821          2,928
  Deferred development costs                            3,747          3,317
  Other intangible assets                                 572            544
  Goodwill                                              2,239          2,239
  Deferred tax assets                                     637            710
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Total non-current assets                               11,479         11,116
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Total assets                                    $      32,177  $      32,219
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Liabilities

Current liabilities
  Accounts payable and accrued liabilities      $       5,273  $       4,997
  Loans payable                                            61             70
  Term loan                                             1,000          1,000
  Deferred revenue                                      6,935          7,161
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Total current liabilities                              13,269         13,228
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Non-current liabilities
  Term loan                                             3,000          3,500
  Other non-current liabilities                           263            225
----------------------------------------------------------------------------
Total non-current liabilities                           3,263          3,725
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Total liabilities                                      16,532         16,953
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Equity

  Share capital                                         1,852          1,748
  Contributed surplus                                   9,577          9,588
  Retained earnings                                     4,216          3,930
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Total equity attributable to the owners of the
 Company                                               15,645         15,266
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Total liabilities and equity                    $      32,177  $      32,219
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TECSYS Inc.
Condensed Interim Consolidated Statements of Comprehensive Income
(Unaudited)

Three and six-month periods ended October 31, 2013 and 2012
(in thousands of Canadian dollars, except per share data)

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                                Three        Three
                               Months       Months   Six Months   Six Months
                                Ended        Ended        Ended        Ended
                          October 31,  October 31,  October 31,  October 31,
                                 2013         2012         2013         2012
----------------------------------------------------------------------------
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Revenue:
  Software products      $      2,507 $      2,069 $      3,973 $      5,352
  Third-party hardware
   and software products        1,433        1,482        3,187        2,686
  Services                      7,345        6,989       14,448       13,669
  Reimbursable expenses           371          208          650          551
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Total revenue                  11,656       10,748       22,258       22,258
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Cost of revenue:
  Products                      1,036        1,099        2,295        2,027
  Services                      4,879        4,900        9,630        9,719
  Reimbursable expenses           371          208          650          551
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Total cost of revenue           6,286        6,207       12,575       12,297
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Gross profit                    5,370        4,541        9,683        9,961

Operating expenses:
  Sales and marketing           2,306        1,718        4,249        3,636
  General and
   administration                 966          988        1,964        2,102
  Research and
   development, net of
   tax credits                  1,350        1,407        2,551        2,747
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Total operating expenses        4,622        4,113        8,764        8,485
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Profit from operations            748          428          919        1,476
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Net finance costs                  68          300          156          211

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Profit before income
 taxes                            680          128          763        1,265
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Income taxes                       75            6           75           18

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Profit attributable to
 the owners of the
 Company and
 comprehensive income
 for the period          $        605 $        122 $        688 $      1,247
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Basic and diluted
 earnings per common
 share                   $       0.05 $       0.01 $       0.06 $       0.11
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TECSYS Inc.
Condensed Interim Consolidated Statements of Cash Flows
(Unaudited)

Six-month periods ended October 31, 2013 and 2012
(in thousands of Canadian dollars)

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                                                 Six Months      Six Months
                                                      Ended           Ended
                                                October 31,     October 31,
                                                       2013            2012
----------------------------------------------------------------------------
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Cash flows from (used in) operating
 activities:
Profit for the period                         $         688   $       1,247
Adjustments for:
  Depreciation of property and equipment                365             502
  Depreciation of deferred development costs            475             410
  Depreciation of other intangible assets                95              76
  Net finance costs                                     156             211
  Realized foreign exchange gains and other               7             129
  Federal non-refundable research and
   development tax credits                             (150)           (150)
  Income taxes                                           75             (19)
----------------------------------------------------------------------------
  Operating activities excluding changes in
   non-cash working capital items related to
   operations                                         1,711           2,406

  Accounts receivable                                (1,880)            766
  Work in progress                                      256          (1,248)
  Other accounts receivable                            (102)            (85)
  Tax credits                                           586          (1,223)
  Inventory                                             176              11
  Prepaid expenses                                      211             129
  Accounts payable and accrued liabilities              282            (675)
  Deferred revenue                                     (226)            (96)
----------------------------------------------------------------------------
  Changes in non-cash working capital items
   related to operations                               (697)         (2,421)
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Net cash from (used in) operating activities          1,014             (15)
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Cash flows (used in) from financing
 activities:
  Repayment of loans                                     (9)             (6)
  Term loan                                               -           5,000
  Repayment of term loan                               (500)              -
  Issuance of common shares                              40              48
  Purchase of common shares for cancellation
   and related fees                                     (11)           (462)
  Purchase of share options for cancellation             (7)            (81)
  Payment of dividends                                 (402)           (400)
  Interest paid                                         (87)             (7)
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Net cash (used in) from financing activities           (976)          4,092
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Cash flows (used in) from investing
 activities:
  Restricted cash equivalents and other
   investments                                           40              40
  Interest received                                      25              14
  Acquisitions of property and equipment               (258)           (576)
  Acquisitions of other intangible assets              (123)           (107)
  Deferred development costs                           (905)           (709)
  Current and non-current receivables from
   TECSYS Latin America Inc.                             42              31
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Net cash used in investing activities                (1,179)         (1,307)
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Net (decrease) increase in cash and cash
 equivalents during the period                       (1,141)          2,770

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

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Cash and cash equivalents - end of period     $       4,207   $       7,987
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TECSYS Inc.
Condensed Interim Consolidated Statements of Changes in Equity
(Unaudited)

Six-month periods ended October 31, 2013 and 2012
(in thousands of Canadian dollars, except number of shares)

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                           Share capital
                                           Contributed   Retained
                       Number     Amount       surplus   earnings     Total

----------------------------------------------------------------------------
Balance, April 30,
 2013              11,449,421  $   1,748  $      9,588  $   3,930  $ 15,266

  Profit and
   comprehensive
   income for the
   period                   -          -             -        688       688
----------------------------------------------------------------------------
Total comprehensive
 income for the
 period                     -          -             -        688       688
----------------------------------------------------------------------------

  Normal course
   issuer bid fees
   for repurchase
   of common shares         -          -           (11)         -       (11)
  Share options
   exercised           25,000         40             -          -        40
  Fair value
   associated with
   options
   exercised                -         64             -          -        64
  Dividends to
   equity owners            -          -             -       (402)     (402)
----------------------------------------------------------------------------
Total transactions
 with owners of the
 Company               25,000        104           (11)      (402)     (309)
----------------------------------------------------------------------------

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Balance, October
 31, 2013          11,474,421  $   1,852  $      9,577  $   4,216  $ 15,645
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Balance, April 30,
 2012              11,603,271  $   1,688  $     10,023  $   3,845  $ 15,556

  Profit and
   comprehensive
   income for the
   period                   -          -             -      1,247     1,247
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Total comprehensive
 income for the
 period                     -          -             -      1,247     1,247
----------------------------------------------------------------------------

  Repurchase of
   common shares     (187,300)       (27)         (435)         -      (462)
  Share options
   exercised           25,950         48             -          -        48
  Fair value
   associated with
   options
   exercised                -         14             -          -        14
  Dividends to
   equity owners            -          -             -       (400)     (400)
----------------------------------------------------------------------------
Total transactions
 with owners of the
 Company             (161,350)        35          (435)      (400)     (800)
----------------------------------------------------------------------------

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Balance, October
 31, 2012          11,441,921  $   1,723  $      9,588  $   4,692  $ 16,003
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