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MONTREAL, QUEBEC -- (Marketwired) -- 02/26/15 -- TECSYS Inc. (TSX: TCS), an industry-leading supply chain management software company, today announced its results for the third quarter of fiscal year 2015, ended January 31, 2015.

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 grew sequentially for the sixth consecutive quarter reaching a
    new record.
--  Revenue grew 26% to $15.0M in Q3, 2015 compared to $11.9M in Q3, 2014.
--  EBITDA reached $1.3M, representing 22% growth in Q3, 2015 compared to
    $1.1M in Q3, 2014.
--  Proprietary products revenue grew 145% to $3.3M on strong demand from
    the healthcare market and the Company's newly acquired Logi-D point-of-
    use products.
--  Services revenue improved by 6% to $8.4M, compared to $7.9M in Q3 2014.
--  Profit from operations was $630K in Q3, 2015, compared to $589K in Q3,
    2014. Before acquisition related amortization costs, profit from
    operations was $693K in Q3, 2015 compared to $598K in Q3, 2014.
--  Recurring revenue on an annualized basis grew to $21.4M, a 25%
    improvement compared to the end of Q3, 2014, representing 40% of the
    last 12 months trailing revenue.
--  Total contract bookings in the third quarter totaled $12.0M, compared to
    $4.1M in the third quarter of fiscal 2014.
--  Backlog grew to $40.8M at the end of Q3, 2015 compared to $27.4M at the
    end of Q3, 2014.
--  Cash and cash equivalents totaled $2.4M at the end of Q3, 2015 compared
    to $8.8M at the end of Q4, 2014.
--  Signed an additional Hospital Network (IDN) in the United States.
--  Go-lives at 27 customers' sites, most notably: a significant hospital
    network in Florida, two heavy equipment dealers in the U.S., a third-
    party logistics provider in Canada and 11 hospitals with Logi-D
    products.

"Demand for our innovative product offering remains strong, which resulted in record quarterly revenue and contract bookings," said Peter Brereton, President and CEO of TECSYS Inc. "We are strategically investing to strengthen our sales team, increase deployment efficiency and enhance our customer experience. We added another hospital network to our customer base and signed a significant agreement with an existing hospital client to expand into the OR. We are confident we are taking the appropriate steps to continue to see strong growth."

Highlights of the First Nine Months

--  Revenue for the first nine months of fiscal 2015 was $41.5M, up 22% from
    $34.1M in the first nine months of last fiscal year.
--  EBITDA increased to $3.4M, representing 22% growth in the first nine
    months of fiscal 2015 compared to $2.8M for the same period of fiscal
    2014.
--  Profit from operations for the first nine months of fiscal 2015 was
    $1.6M compared to $1.5M in the same period of fiscal 2014. Before
    acquisition related expenses and amortizations, profit from operations
    increased to $2.0M in the first nine months of FY 2015 from $1.5M in
    first nine months of FY 2014, a 30% increase.
--  Net profit for the first nine months of fiscal 2015 was $1.2M, or $0.11
    per share, compared to $1.2M, or $0.10 per share, for the same period of
    the prior fiscal year. Before acquisition related expenses and
    amortizations, net profit was $1.5 M or $0.13 per share.
--  Total contract bookings for the first nine months of fiscal 2015 totaled
    $31.0M, which includes the addition of five new IDN's. This compares to
    $14.9M for the first nine months of fiscal 2014.

TECSYS also announced that the Company's Board of Directors has declared a quarterly dividend of $0.0225 per share, to be paid on April 9, 2015 to shareholders of record at the close of business on March 19, 2015.

Third Quarter FY2015 Results Conference Call

Date: February 26, 2015
Time: 4:30 pm EST
Phone number: 800-728-2056 or 416-981-9030
The call can be replayed by calling 800-558-5253 (access code: 21762575) or
416-626-4100 (access code: 21762575).

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, 2014. 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. 2015. 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, 2015 and April 30, 2014
(in thousands of Canadian dollars)
----------------------------------------------------------------------------
----------------------------------------------------------------------------
                                                 January 31,       April 30,
                                                        2015            2014
----------------------------------------------------------------------------

Assets

Current assets
  Cash and cash equivalents                     $      2,423   $       8,839
  Accounts receivable                                 12,973           9,076
  Work in progress                                     1,720             524
  Other accounts receivable                              280              46
  Tax credits                                          4,788           2,704
  Inventory                                              924             293
  Prepaid expenses                                     1,186           1,037
----------------------------------------------------------------------------
Total current assets                                  24,294          22,519
----------------------------------------------------------------------------

Non-current assets
  Restricted cash equivalents                             40              80
  Tax credits                                          1,575           1,350
  Property and equipment                               2,483           2,627
  Deferred development costs                           4,273           4,088
  Other intangible assets                              2,183             508
  Goodwill                                             3,594           2,239
  Deferred tax assets                                    489             714
----------------------------------------------------------------------------
Total non-current assets                              14,637          11,606
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Total assets                                    $     38,931   $      34,125
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Liabilities

Current liabilities
  Accounts payable and accrued liabilities      $      9,878   $       5,406
  Current portion of long-term debt                    1,068           1,000
  Deferred revenue                                     9,156           8,326
----------------------------------------------------------------------------
Total current liabilities                             20,102          14,732
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Non-current liabilities
  Long-term debt                                       1,990           2,500
  Other non-current liabilities                          351             299
----------------------------------------------------------------------------
Total non-current liabilities                          2,341           2,799
----------------------------------------------------------------------------
Total liabilities                                     22,443          17,531
----------------------------------------------------------------------------

Equity

  Share capital                                        2,253           2,153
  Contributed surplus                                  9,577           9,577
  Retained earnings                                    5,305           4,864
  Accumulated other comprehensive loss                  (647)              -
----------------------------------------------------------------------------
Total equity attributable to the owners of the
 Company                                              16,488          16,594
----------------------------------------------------------------------------

----------------------------------------------------------------------------
Total liabilities and equity                    $     38,931   $      34,125
----------------------------------------------------------------------------
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TECSYS Inc.
Condensed Interim Consolidated Statements of Income and Comprehensive Income
(Unaudited)
Three and nine-month periods ended January 31, 2015 and 2014
(in thousands of Canadian dollars, except per share data)
----------------------------------------------------------------------------
----------------------------------------------------------------------------
                                  Three        Three       Nine         Nine
                                 Months       Months     Months       Months
                                  Ended        Ended      Ended        Ended
                                January      January    January      January
                                    31,          31,        31,          31,
                                   2015         2014       2015         2014
----------------------------------------------------------------------------
----------------------------------------------------------------------------

Revenue:
  Proprietary products        $   3,336   $    1,359  $   8,641   $    5,332
  Third-party hardware and
   software products              2,798        2,140      6,303        5,327
  Services                        8,415        7,921     25,254       22,369
  Reimbursable expenses             409          429      1,320        1,079
----------------------------------------------------------------------------
Total revenue                    14,958       11,849     41,518       34,107
----------------------------------------------------------------------------

Cost of revenue:
  Products                        2,011        1,466      4,633        3,761
  Services                        5,468        4,943     15,791       14,573
  Reimbursable expenses             409          429      1,320        1,079
----------------------------------------------------------------------------
Total cost of revenue             7,888        6,838     21,744       19,413
----------------------------------------------------------------------------

Gross profit                      7,070        5,011     19,774       14,694

Operating expenses:
  Sales and marketing             3,230        2,100      8,776        6,349
  General and administration      1,340        1,006      4,288        2,970
  Research and development,
   net of tax credits             1,870        1,316      5,074        3,867
----------------------------------------------------------------------------
Total operating expenses          6,440        4,422     18,138       13,186
----------------------------------------------------------------------------

----------------------------------------------------------------------------
Profit from operations              630          589      1,636        1,508
----------------------------------------------------------------------------

Net finance costs                    28           47        106          203

----------------------------------------------------------------------------
Profit before income taxes          602          542      1,530        1,305
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Income taxes                        135           75        310          150

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Profit attributable to the
 owners of the Company        $     467   $      467  $   1,220   $    1,155
----------------------------------------------------------------------------
----------------------------------------------------------------------------

Other comprehensive loss:
  Effective portion of
   changes in fair value on
   designated revenue hedges       (460)           -       (647)           -
----------------------------------------------------------------------------

Comprehensive income
 attributable to the owners
 of the Company               $       7   $      467  $     573   $    1,155
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Basic and diluted earnings
 per common share             $    0.04   $     0.04  $    0.11   $     0.10
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TECSYS Inc.
Condensed Interim Consolidated Statements of Cash Flows
(Unaudited)
Nine-month periods ended January 31, 2015 and 2014
(in thousands of Canadian dollars)
----------------------------------------------------------------------------
----------------------------------------------------------------------------
                                                 Nine Months    Nine Months
                                                       Ended          Ended
                                                 January 31,    January 31,
                                                        2015           2014
----------------------------------------------------------------------------
----------------------------------------------------------------------------

Cash flows from (used in) operating
 activities:
Profit for the period                           $      1,220   $      1,155
Adjustments for:
  Depreciation of property and equipment                 557            552
  Depreciation of deferred development costs             962            741
  Depreciation of other intangible assets                316            124
  Net finance costs                                      106            203
  Unrealized foreign exchange losses, realized
   foreign exchange gains and other                      936            423
  Federal non-refundable research and
   development tax credits                              (225)          (225)
  Income taxes                                           225            150
----------------------------------------------------------------------------
  Operating activities excluding changes in
   non-cash working capital items related to
   operations                                          4,097          3,123

  Accounts receivable                                 (3,085)        (1,347)
  Work in progress                                      (792)           953
  Other accounts receivable                             (236)           (29)
  Tax credits                                         (1,874)            (9)
  Inventory                                             (127)            93
  Prepaid expenses                                      (163)            (1)
  Accounts payable and accrued liabilities             1,733            299
  Deferred revenue                                       293            420
----------------------------------------------------------------------------
  Changes in non-cash working capital items
   related to operations                              (4,251)           379
----------------------------------------------------------------------------

----------------------------------------------------------------------------
Net cash (used in) from operating activities            (154)         3,502
----------------------------------------------------------------------------
----------------------------------------------------------------------------

Cash flows (used in) from financing
 activities:
  Repayment of bank loans                               (140)             -
  Repayment of loan to related party                       -            (12)
  Repayment of long-term debt                           (795)          (750)
  Long-term debt                                          50              -
  Issuance of common shares                                -             40
  Purchase of common shares for cancellation
   and related fees                                        -            (11)
  Purchase of share options for cancellation             (13)           (15)
  Payment of dividends                                  (779)          (402)
  Interest paid                                          (99)          (127)
----------------------------------------------------------------------------
Net cash used in financing activities                 (1,776)        (1,277)
----------------------------------------------------------------------------

Cash flows (used in) from investing
 activities:
  Restricted cash equivalents                             40             40
  Interest received                                       18             31
  Acquisitions of property and equipment                (219)          (360)
  Acquisitions of other intangible assets               (255)          (125)
  Deferred development costs                          (1,147)        (1,318)
  Current and non-current receivables from
   TECSYS Latin America Inc.                              26             55
  Business combination, net of cash and cash
   equivalents acquired                               (2,949)             -
----------------------------------------------------------------------------
Net cash used in investing activities                 (4,486)        (1,677)
----------------------------------------------------------------------------

Net (decrease) increase in cash and cash
 equivalents during the period                        (6,416)           548

Cash and cash equivalents - beginning of
 period                                                8,839          5,348

----------------------------------------------------------------------------
Cash and cash equivalents - end of period       $      2,423   $      5,896
----------------------------------------------------------------------------
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TECSYS Inc.
Condensed Interim Consolidated Statements of Changes in Equity
(Unaudited)
Nine-month periods ended January 31, 2015 and 2014
(in thousands of Canadian dollars, except number of shares)
---------------------------------------------------------------------------
---------------------------------------------------------------------------
                                              Share capital
                                                               Contributed
                                     Number          Amount        surplus
---------------------------------------------------------------------------
Balance, April 30, 2014          11,524,421  $        2,153  $       9,577

  Profit for the period                   -               -              -
  Other comprehensive loss
   for the period:
    Effective portion of
     changes in fair value
     on designated revenue
     hedges                               -               -              -
---------------------------------------------------------------------------
Total comprehensive income
 for the period                           -               -              -
---------------------------------------------------------------------------

  Common shares issued
   related to purchase of
   Logi D Holding Inc.               15,625             100              -
  Dividends to equity
   owners                                 -               -              -
---------------------------------------------------------------------------
Total transactions with
 owners of the Company               15,625             100              -
---------------------------------------------------------------------------

---------------------------------------------------------------------------
Balance, January 31, 2015        11,540,046  $        2,253  $       9,577
---------------------------------------------------------------------------
---------------------------------------------------------------------------


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)
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Balance, January 31, 2014        11,474,421  $        1,852  $       9,577
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                                Accumulated
                                      other
                              comprehensive        Retained
                                       loss        earnings           Total
----------------------------------------------------------------------------
Balance, April 30, 2014      $            -   $       4,864   $      16,594

  Profit for the period                   -           1,220           1,220
  Other comprehensive loss
   for the period:
    Effective portion of
     changes in fair value
     on designated revenue
     hedges                            (647)              -            (647)
----------------------------------------------------------------------------
Total comprehensive income
 for the period                        (647)          1,220             573
----------------------------------------------------------------------------

  Common shares issued
   related to purchase of
   Logi D Holding Inc.                    -               -             100
  Dividends to equity
   owners                                 -            (779)           (779)
----------------------------------------------------------------------------
Total transactions with
 owners of the Company                    -            (779)           (679)
----------------------------------------------------------------------------

----------------------------------------------------------------------------
Balance, January 31, 2015    $         (647)  $       5,305   $      16,488
----------------------------------------------------------------------------
----------------------------------------------------------------------------


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
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