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MONTREAL, QUEBEC -- (Marketwired) -- 11/25/14 -- TECSYS Inc. (TSX: TCS), an industry-leading supply chain management software company, today announced its results for the second quarter of fiscal year 2015, ended October 31, 2014.

All dollar amounts are expressed in Canadian currency and are prepared in accordance with the International Financial Reporting Standards (IFRS).

Second Quarter Highlights:

--  Revenue grew 16% to $13.5M in Q2 2015 compared to $11.7M in Q2 2014.
--  EBITDA for Q2, 2015 was $1.2M, in line with the $1.2M recorded in Q2
    2014.
--  Proprietary products revenue grew 29% to $3.2M on strong demand from the
    Company's newly acquired Logi-D point-of-use products.
--  Services revenue improved by 10% to $8.1M while services profit margin
    grew to 37% from 34% in Q2 2014.
--  Profit from operations was $532K in Q2 2015, compared to $748K in Q2
    2014. Before acquisition related expenses and amortizations, profit from
    operations was $621K in Q2, 2015 compared to $748K in Q2, 2014.
--  Recurring revenue on an annualized basis grew to $19.4M, a 19% jump
    compared to the end of Q2 2014, representing 38% of the last twelve
    months trailing revenue.
--  Total contract bookings in the quarter totaled $9.3M, over 60% of which
    came from new and existing healthcare clients.
--  Backlog was $34.7M at the end of Q2 2015 compared to $27.5M at the end
    of Q2 2014.
--  Cash and cash equivalents totaled $5.1M at the end of Q2 2015 compared
    to $8.8M at the end of Q4 2014, of which $3.1M was used for the
    acquisition of Logi-D.
--  Signed one of the largest Hospital Networks (IDN) in the United States
    with 46 hospitals.
--  Go-lives at 21 customers' sites, most notably: two IDNs, one major
    service parts operation of a large imaging products manufacturer and a
    third-party logistics provider for med surg products.

"Signing one of North America's largest IDNs was a notable achievement for us this quarter, and demonstrates the growing acceptance of our solutions and recognition of its quick ROI," said Peter Brereton, President and CEO of TECSYS Inc. "We are now focused on integrating Logi-D's sales and marketing teams and have been actively introducing these new products to our existing and potential customers. Feedback has been positive and we continue to advance a number of opportunities which leverage our expanded product and client portfolio to accelerate growth."

First Half Highlights:

--  Revenue grew 19% to $26.6M in the first half of FY2015, compared to
    $22.3M in the first half of last fiscal year.
--  EBITDA for the first half of FY 2015 was $2.2M.compared to $1.8M in the
    first half of FY 2014. EBITDA in the first half of FY 2015 includes a
    one-time acquisition related expenses of $160K.
--  Profit from operations for the first six months of fiscal 2015 was $1M
    compared to $0.9M in the same period of fiscal 2014. Before acquisition
    related expenses and amortizations, profit from operations increased to
    $1.3M in the first half of FY 2015 from $0.9 in the first half of FY
    2014, a 38% increase.
--  Net profit for the first half of fiscal 2015 was $753K or $0.07 per
    share compared to $688K or $0.06 per share for the same period of the
    prior fiscal year. Net profit for the first half of FY 2015 includes
    acquisition related expenses and amortization of $265K.
--  Total contract bookings for the first half of FY2015 totaled $19M, which
    includes the addition of four new IDNs.

TECSYS also announced that the Company's Board of Directors has declared a quarterly dividend of $0.0225 per share, to be paid on January 6, 2015 to shareholders of record at the close of business on December 16, 2014.

Second Quarter 2015 Results Conference Call

Date: November 25, 2014

Time: 4:30 pm EST

Phone number: 800-381-7839 or 416-981-9030

The call can be replayed by calling 800-558-5253 (access code: 21742734) or 416-626-4100 (access code: 21742734).

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. 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 October 31, 2014 and April 30, 2014
(in thousands of Canadian dollars)

----------------------------------------------------------------------------
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                                               October 31,         April 30,
                                                      2014              2014
----------------------------------------------------------------------------

Assets

Current assets
  Cash and cash equivalents                   $      5,134     $       8,839
  Accounts receivable                                8,582             9,076
  Work in progress                                   1,382               524
  Other accounts receivable                            168                46
  Tax credits                                        4,198             2,704
  Inventory                                            592               293
  Prepaid expenses                                   1,020             1,037
----------------------------------------------------------------------------
Total current assets                                21,076            22,519
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Non-current assets
  Restricted cash equivalents                           40                80
  Tax credits                                        1,500             1,350
  Property and equipment                             2,537             2,627
  Deferred development costs                         4,290             4,088
  Other intangible assets                            2,193               508
  Goodwill                                           3,594             2,239
  Deferred tax assets                                  564               714
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Total non-current assets                            14,718            11,606
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Total assets                                  $     35,794     $      34,125
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Liabilities

Current liabilities
  Accounts payable and accrued liabilities    $      6,738     $       5,406
  Current portion of long-term debt                  1,079             1,000
  Deferred revenue                                   8,685             8,326
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Total current liabilities                           16,502            14,732
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Non-current liabilities
  Long-term debt                                     2,195             2,500
  Other non-current liabilities                        356               299
----------------------------------------------------------------------------
Total non-current liabilities                        2,551             2,799
----------------------------------------------------------------------------
Total liabilities                                   19,053            17,531
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Equity

  Share capital                                      2,253             2,153
  Contributed surplus                                9,577             9,577
  Retained earnings                                  5,098             4,864
  Accumulated other comprehensive loss                (187)                -
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Total equity attributable to the owners of
 the Company                                        16,741            16,594
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Total liabilities and equity                  $     35,794     $      34,125
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TECSYS Inc.
Condensed Interim Consolidated Statements of Income and Comprehensive Income
(Unaudited)
Three and six-month periods ended October 31, 2014 and 2013
(in thousands of Canadian dollars, except per share data)


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                     Three Months   Three Months   Six Months     Six Months
                            Ended          Ended        Ended          Ended
                      October 31,    October 31,  October 31,    October 31,
                             2014           2013         2014           2013
----------------------------------------------------------------------------
----------------------------------------------------------------------------

Revenue:
  Proprietary
   products         $       3,226  $       2,507 $      5,305  $       3,973
  Third-party
   hardware and
   software
   products                 1,727          1,433        3,505          3,187
  Services                  8,096          7,345       16,839         14,448
  Reimbursable
   expenses                   499            371          911            650
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Total revenue              13,548         11,656       26,560         22,258
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Cost of revenue:
  Products                  1,293          1,036        2,622          2,295
  Services                  5,138          4,879       10,323          9,630
  Reimbursable
   expenses                   499            371          911            650
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Total cost of
 revenue                    6,930          6,286       13,856         12,575
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Gross profit                6,618          5,370       12,704          9,683

Operating
 expenses:
  Sales and
   marketing                2,935          2,306        5,546          4,249
  General and
   administration           1,521            966        2,948          1,964
  Research and
   development,
   net of tax
   credits                  1,630          1,350        3,204          2,551
----------------------------------------------------------------------------
Total operating
 expenses                   6,086          4,622       11,698          8,764
----------------------------------------------------------------------------

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Profit from
 operations                   532            748        1,006            919
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Net finance costs              22             68           78            156

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Profit before
 income taxes                 510            680          928            763
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Income taxes                  100             75          175             75

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Profit
 attributable to
 the owners of the
 Company            $         410  $         605 $        753  $         688
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----------------------------------------------------------------------------

Other
 comprehensive
 loss:
  Effective
   portion of
   changes in fair
   value on
   designated
   revenue hedges            (119)             -         (187)             -
----------------------------------------------------------------------------

Comprehensive
 income
 attributable to
 the owners of the
 Company            $         291  $         605 $        566  $         688
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----------------------------------------------------------------------------

Basic and diluted
 earnings per
 common share       $        0.04  $        0.05 $       0.07  $        0.06
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TECSYS Inc.
Condensed Interim Consolidated Statements of Cash Flows
(Unaudited)
Six-month periods ended October 31, 2014 and 2013
(in thousands of Canadian dollars)


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----------------------------------------------------------------------------
                                               Six Months        Six Months
                                                    Ended             Ended
                                              October 31,       October 31,
                                                     2014              2013
----------------------------------------------------------------------------
----------------------------------------------------------------------------

Cash flows from (used in) operating
 activities:
Profit for the period                        $        753     $         688
Adjustments for:
  Depreciation of property and equipment              385               365
  Depreciation of deferred development
   costs                                              603               475
  Depreciation of other intangible assets             187                95
  Net finance costs                                    78               156
  Unrealized foreign exchange losses,
   realized foreign exchange gains and
   other                                              100                 7
  Federal non-refundable research and
   development tax credits                           (150)             (150)
  Income taxes                                        150                75
----------------------------------------------------------------------------
  Operating activities excluding changes
   in non-cash workingcapital items
   related to operations                            2,106             1,711

  Accounts receivable                               1,306            (1,880)
  Work in progress                                   (454)              256
  Other accounts receivable                          (125)             (102)
  Tax credits                                      (1,284)              586
  Inventory                                           169               176
  Prepaid expenses                                     39               211
  Accounts payable and accrued
   liabilities                                       (103)              282
  Deferred revenue                                   (178)             (226)
----------------------------------------------------------------------------
  Changes in non-cash working capital
   items related to operations                       (630)             (697)
----------------------------------------------------------------------------

----------------------------------------------------------------------------
Net cash from operating activities                  1,476             1,014
----------------------------------------------------------------------------

Cash flows (used in) from financing
 activities:
  Repayment of bank loans                            (140)                -
  Repayment of loan to related party                    -                (9)
  Repayment of long-term debt                        (529)             (500)
  Issuance of common shares                             -                40
  Purchase of common shares for
   cancellation and related fees                        -               (11)
  Purchase of share options for
   cancellation                                       (13)               (7)
  Payment of dividends                               (519)             (402)
  Interest paid                                       (71)              (87)
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Net cash used in financing activities              (1,272)             (976)
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Cash flows (used in) from investing
 activities:
  Restricted cash equivalents                          40                40
  Interest received                                    14                25
  Acquisitions of property and equipment             (101)             (258)
  Acquisitions of other intangible assets            (136)             (123)
  Deferred development costs                         (805)             (905)
  Current and non-current receivables
   from TECSYS Latin America Inc.                      28                42
  Business combination, net of cash and
   cash equivalents acquired                       (2,949)                -
----------------------------------------------------------------------------
Net cash used in investing activities              (3,909)           (1,179)
----------------------------------------------------------------------------

Net decrease in cash and cash equivalents
 during the period                                 (3,705)           (1,141)

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

----------------------------------------------------------------------------
Cash and cash equivalents - end of period    $      5,134     $       4,207
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TECSYS Inc.
Condensed Interim Consolidated Statements of Changes in Equity
(Unaudited)
Six-month periods ended October 31, 2014 and 2013
(in thousands of Canadian dollars, except number of shares)

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                                             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                              -               -                -
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  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, October 31, 2014       11,540,046   $       2,253    $       9,577
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----------------------------------------------------------------------------


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

  Profit and comprehensive
   income for the period                 -               -                -
----------------------------------------------------------------------------
Total comprehensive income for
 the period                              -               -                -
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  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, October 31, 2013       11,474,421   $       1,852    $       9,577
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----------------------------------------------------------------------------
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                                      Accumulated
                                            other
                                    comprehensive     Retained
                                             loss     earnings        Total
----------------------------------------------------------------------------
Balance, April 30, 2014           $             -  $     4,864  $    16,594

  Profit for the period                         -          753          753
  Other comprehensive loss for
   the period:
    Effective portion of
     changes in fair value on
     designated revenue hedges               (187)           -         (187)
----------------------------------------------------------------------------
Total comprehensive income for
 the period                                  (187)         753          566
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  Common shares issued related
   to purchase of Logi D
   Holding Inc.                                 -            -          100
  Dividends to equity owners                    -         (519)        (519)
----------------------------------------------------------------------------
Total transactions with owners
 of the Company                                 -         (519)        (419)
----------------------------------------------------------------------------

----------------------------------------------------------------------------
Balance, October 31, 2014         $          (187) $     5,098  $    16,741
----------------------------------------------------------------------------
----------------------------------------------------------------------------


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

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

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Balance, October 31, 2013         $             -  $     4,216  $    15,645
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