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MONTREAL, QUEBEC -- (Marketwire) -- 07/06/12 -- TECSYS Inc. (TSX: TCS), an industry-leading supply chain management software company, announced today its results for the fourth quarter and 2012 fiscal year ended April 30th, 2012. The results of the 2012 fiscal year are audited. All dollar amounts are expressed in Canadian currency and reported in accordance with the International Financial Reporting Standards (IFRS).

Highlights of the Fourth Quarter include:

--  Revenue increased by 27% to $10.8M in Q4 of fiscal 2012 compared to
    $8.5M in Q4 of 2011. Product revenue increased by 79% to $4.5M compared
    to $2.5M in Q4, 2011 with proprietary License revenue increasing by 130%
    to $3.0M compared to $1.3M in the same period of 2011. Services revenue
    increased by 6% to $6.1M compared to $5.7M in the same period of fiscal
    2011.
--  Profit from operations in Q4, 2012 was $735K compared to $674K in the
    same quarter of last year.
--  EBITDA was $1,273K in Q4, 2012 compared to $1,061K in Q4 of last year.
--  Net profit for Q4, 2012 was $473K or $0.04 per share compared to $491K
    or $0.04 per share in Q4, 2011.
--  At the end of Q4, 2012, annualized recurring revenue reached $14.8M, or
    37% of 2012 revenue compared to $14.0M, or 39% of 2011 revenue.
    Recurring revenue is principally made-up of annual software maintenance
    contracts.
--  Backlog increased to $26.3M at the end of Q4, 2012, compared to $24.6M
    at the end of Q3, 2012 and $21M at the end of Q4, 2011.
--  During the quarter, the Company invested approximately $1.0M to increase
    its services capacity to assist in the delivery of the backlog.
--  During the quarter, the Company generated $1.0M cash from operations
    compared to $1.4M for the corresponding quarter of fiscal 2011.
--  Cash and cash equivalents, as well as short-term and other investments
    at the end of Q4, 2012 amounted to $5.2M compared to $7.3M at the end of
    Q4, 2011.

Peter Brereton, President and CEO of TECSYS Inc., commented on the results: "The combination of our new supply chain software products and the resurgence of the supply chain management market has been evident, we have felt the impact during this quarter more than any other period in the last two to three years. We won the business of nine new customers, several of these being complex distribution accounts, including one of the largest electronic components distributors in the world and three heavy equipment service parts distributors. Our customer base also invested heavily in our solutions, particularly in the healthcare industry, which contributed the lion's share of base account bookings in Q4 of 2012. As our backlog continued its consistent growth; a 25% increase in the past year, we invested in our infrastructure, hiring over 50 people by the end of the fiscal year to continue to be able to deliver on our services' bookings and respond to the needs of our growing customer base."

New customers won during the quarter included:

--  Two Heavy Equipment Dealers; one in the U.S. and one in South America
--  The Canadian operations of a global heavy equipment manufacturer and
    distributor
--  Canada's largest distributor of value priced greeting cards
--  One of the largest distributors of electronic components
--  Four industrial distributors; two in Canada and two in the U.S.

Furthermore, the Company signed a significant number of new agreements with existing customers across its business units with healthcare representing 50% of total bookings during the quarter. The Company also completed the deployment of its solutions for the go-lives of twenty three customer sites across all of the Company's vertical markets during the quarter.

Highlights of the 2012 Fiscal Year include:

--  Revenue for fiscal 2012 increased by 11% to $39.5M compared to $35.7M
    for last fiscal year. Product revenue increased by 17% to $14.6M in 2012
    compared to $12.5M in 2011, with the Company's proprietary License
    revenue increasing by 25% to $7.3M in 2012 compared to $5.8M in last
    fiscal year. Services revenue increased by 8% to $24.1M in 2012 compared
    to $22.3M in last year.
--  Profit from operations for the year was $1.5M which was the same as the
    last fiscal year.
--  EBITDA was $3.1M in 2012 compared to $3.2M in fiscal 2011.
--  Net profit for the year was $1.1M or $0.09 per share compared to $1.6M
    or $0.13 for 2011.


TECSYS' Q4 FY2012 Earnings Conference Call:
Date: July 6, 2012
Time: 4:30 pm EDT
Phone number: 800-745-9476 or 416-981-9006

The call can be replayed by calling 800-558-5253 (access code: 21598658) or 416-626-4100 (access code: 21598658.

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 about 500 mid-size and Fortune 1000 corporations in healthcare, third-party logistics, and general wholesale high-volume distribution industries. TECSYS' shares are listed on the Toronto Stock Exchange under the ticker symbol TCS.

The statements in this news release relating to matters that are not historical fact are forward looking statements that are based on management's beliefs and assumptions. Such statements are not guarantees of future performance and are subject to a number of uncertainties, including but not limited to future economic conditions, the markets that TECSYS Inc. serves, the actions of competitors, major new technological trends, and other factors beyond the control of TECSYS Inc., which could cause actual results to differ materially from such statements. More information about the risks and uncertainties associated with TECSYS Inc.'s business can be found in the MD&A section of the Company's annual report and annual information form for the fiscal year ended April 30th, 2011. These documents have been filed with the Canadian securities commissions and are available on our website (www.tecsys.com) and on SEDAR (www.sedar.com).

Copyright © TECSYS Inc. 2012. All names, trademarks, products, and services mentioned are registered or unregistered trademarks of their respective owners.

TECSYS Inc.
Consolidated Statements of Financial Position
As at April 30, 2012, April 30, 2011 and May 1, 2010
(in thousands of Canadian dollars)

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                                         April 30,    April 30,       May 1,
                                              2012         2011         2010
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Assets

Current assets
  Cash and cash equivalents            $     5,217  $     6,404  $     7,256
  Short-term and other investments               -          850          850
  Asset-backed commercial paper                  -        3,584            -
  Accounts receivable                        8,207        6,860        7,346
  Work in progress                             645           45           66
  Other accounts receivable and
   derivatives                                 190          303          425
  Tax credits                                2,070        1,737        1,914
  Inventory                                    696          180          171
  Prepaid expenses                           1,177          850          879
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Total current assets                        18,202       20,813       18,907
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Non-current assets
  Restricted cash equivalents and
   other investments                           160          200          200
  Asset-backed commercial paper                  -            -        3,514
  Non-current receivables                       99           23           48
  Tax credits                                1,076        1,123          930
  Investment in equity-accounted
   associate                                     -          220          211
  Property and equipment                     2,911        2,268        2,395
  Deferred development costs                 2,514        2,448        1,991
  Other intangible assets                      362          288          364
  Goodwill                                   2,239        2,239        2,239
  Deferred tax assets                          587          609          595
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Total non-current assets                     9,948        9,418       12,487
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Total assets                           $    28,150  $    30,231  $    31,394
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Liabilities

Current liabilities
  Bank advances                        $         -  $     3,720  $     3,951
  Accounts payable and accrued
   liabilities                               5,844        4,114        4,890
  Loans payable                                 85          107          249
  Provisions                                     -            -          415
  Deferred revenue                           6,665        6,344        5,827
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Total current liabilities                   12,594       14,285       15,332
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Equity

  Share capital                              1,688        1,467        1,386
  Contributed surplus                       10,023       10,993       12,103
  Retained earnings                          3,845        3,486        2,573
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Total equity attributable to the
 owners of the Company                      15,556       15,946       16,062
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Total liabilities and equity           $    28,150  $    30,231  $    31,394
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TECSYS Inc.
Consolidated Statements of Comprehensive Income
Three-month periods and years ended April 30, 2012 and 2011
(in thousands of Canadian dollars, except per share data)

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                                  Three       Three
                                 Months      Months        Year        Year
                                  Ended       Ended       Ended       Ended
                                  April       April       April       April
                                    30,         30,         30,         30,
                                   2012        2011        2012        2011
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Revenue:
  Products                    $   4,501   $   2,516   $  14,551   $  12,459
  Services                        6,057       5,732      24,078      22,287
  Reimbursable expenses             247         242         873         908
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Total revenue                    10,805       8,490      39,502      35,654
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Cost of revenue:
  Products                        1,084         717       4,944       4,792
  Services                        4,565       3,568      16,234      14,278
  Reimbursable expenses             247         242         873         908
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Total cost of revenue             5,896       4,527      22,051      19,978
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Gross profit                      4,909       3,963      17,451      15,676

Operating expenses:
  Sales and marketing             2,110       1,543       7,004       6,180
  General and administration        972         891       4,015       3,619
  Research and development,
   net of tax credits             1,068         868       4,956       4,346
  Other                              24         (13)         21         (13)
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Total operating expenses          4,174       3,289      15,996      14,132
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Profit from operations              735         674       1,455       1,544
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Finance income                       15           3          37         328
Finance costs                       (14)        (37)       (157)        (69)
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Net finance income (costs)            1         (34)       (120)        259

Share of net profit (loss)
 of equity-accounted
 associate                            -          70         (15)          9
Gain on sale of the
 investment in equity-
 accounted associate                 67           -          67           -
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Profit before income taxes          803         710       1,387       1,812
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Income taxes                        330         219         330         242

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Profit attributable to the
 owners of the Company and
 comprehensive income for
 the period                   $     473   $     491   $   1,057   $   1,570
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Basic and diluted earnings
 per common share             $    0.04   $    0.04   $    0.09   $    0.13
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TECSYS Inc.
Consolidated Statements of Cash Flows
Three-month periods and years ended April 30, 2012 and 2011
(in thousands of Canadian dollars)

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                                  Three       Three
                                 Months      Months       Years       Years
                                  Ended       Ended       Ended       Ended
                                  April       April       April       April
                                    30,         30,         30,         30,
                                   2012        2011        2012        2011
----------------------------------------------------------------------------
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Cash flows from operating
 activities:
Profit for the period         $     473   $     491   $   1,057   $   1,570
Adjustments for:
  Depreciation of property
   and equipment                    232         146         789         621
  Depreciation of deferred
   development costs                218         166         789         590
  Depreciation of other
   intangible assets                 33          32         119         139
  Share-based compensation            -          11          40          54
  Net finance (income) costs         (1)         34         120        (259)
  Realized foreign exchange
   (losses) gains and others        (78)       (199)         32        (170)
  Share of net (profit) loss
   of equity-accounted
   associate                          -         (70)         15          (9)
  Gain on sale of the
   investment in equity-
   accounted associate              (67)          -         (67)          -
  Federal non-refundable
   research and development
   tax credits                     (330)       (300)       (330)       (300)
  Income taxes                      330         211         330         211
----------------------------------------------------------------------------
  Operating activities
   excluding changes in non-
   cash working capital
   items related to
   operations                       810         522       2,894       2,447

  Accounts receivable              (133)      1,629      (1,347)        486
  Work in progress                 (209)        107        (600)         21
  Other accounts receivable         337         (51)         65         204
  Tax credits                     1,080        (342)       (270)         59
  Inventory                         101          18        (516)         (9)
  Prepaid expenses                   71          71        (327)         29
  Accounts payable and
   accrued liabilities           (1,119)     (1,353)      1,421        (375)
  Provisions                          -           -           -        (415)
  Deferred revenue                   57         773         321         517
----------------------------------------------------------------------------
  Changes in non-cash
   working capital items
   related to operations            185         852      (1,253)        517
----------------------------------------------------------------------------

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Net cash from operating
 activities                         995       1,374       1,641       2,964
----------------------------------------------------------------------------

Cash flows used in financing
 activities:
  Repayment of bank advances          -        (223)     (3,720)       (231)
  Repayment of loans                 (3)          -         (22)       (142)
  Issuance of common shares           5           -         195         104
  Purchase of common shares
   for cancellation                 (39)       (311)       (437)     (1,187)
  Purchase of share options
   for cancellation                  (8)          -        (347)          -
  Payment of dividends             (349)       (352)       (698)       (657)
  Interest paid                      (2)         (6)        (16)        (31)
----------------------------------------------------------------------------
Net cash used in financing
 activities                        (396)       (892)     (5,045)     (2,144)
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Cash flows from (used in)
 investing activities:
  Short-term and other
   investments and
   restricted cash
   equivalents and other
   investments                      565           -         890           -
  Interest received                  15           3          37          26
  Proceeds from asset-backed
   commercial paper                   -         213       3,584         232
  Acquisitions of property
   and equipment                   (213)        (95)     (1,413)       (895)
  Proceeds on disposal of
   property and equipment             1          13           4          13
  Acquisitions of other
   intangible assets                (39)        (39)       (189)        (63)
  Deferred development costs       (310)       (304)       (855)     (1,047)
  Non-current receivables
   including the current
   portion from a related
   party                              3           9          23          62
  Proceeds from disposition
   of the investment in
   equity-accounted
   associate                        136           -         136           -
----------------------------------------------------------------------------
Net cash from (used in)
 investing activities               158        (200)      2,217      (1,672)
----------------------------------------------------------------------------

Net increase (decrease) in cash
 and cash equivalents during
 the period                             757         282  (1,187)       (852)

Cash and cash equivalents -
 beginning of period              4,460       6,122       6,404       7,256

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Cash and cash equivalents -
 end of period                $   5,217   $   6,404   $   5,217   $   6,404
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TECSYS Inc.
Consolidated Statements of Changes in Equity
Years ended April 30, 2012 and 2011
(in thousands of Canadian dollars, except number of shares)

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                          Share capital   Contributed   Retained      Total
                      Number     Amount       surplus   earnings

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Balance, April
 30, 2011         11,678,671  $   1,467  $     10,993  $   3,486  $  15,946

  Profit and
   comprehensive
   income for the
   year                    -          -             -      1,057      1,057
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Total
 comprehensive
 income for the
 year                      -          -             -      1,057      1,057
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  Repurchase of
   common shares    (192,800)       (25)         (412)         -       (437)
  Repurchase of
   share options           -          -          (279)         -       (279)
  Share options
   exercised         117,400        195             -          -        195
  Fair value
   associated
   with share
   options
   exercised               -         51             -          -         51
  Fair value of
   share options
   transferred to
   liabilities             -          -          (319)         -       (319)
  Share-based
   compensation            -          -            40          -         40
  Dividends to
   equity owners           -          -             -       (698)      (698)
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Total
 transactions
 with owners of
 the Company         (75,400)       221          (970)      (698)    (1,447)
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Balance, April
 30, 2012         11,603,271  $   1,688  $     10,023  $   3,845  $  15,556
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Balance, May 1,
 2010             12,225,306  $   1,386  $     12,103  $   2,573  $  16,062

  Profit and
   comprehensive
   income for the
   year                    -          -             -      1,570      1,570
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Total
 comprehensive
 income for the
 year                      -          -             -      1,570      1,570
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  Repurchase of
   common shares    (620,353)       (70)       (1,117)         -     (1,187)
  Share options
   exercised          73,718        104             -          -        104
  Fair value
   associated
   with share
   options
   exercised               -         47           (47)         -          -
  Share-based
   compensation            -          -            54          -         54
  Dividends to
   equity owners           -          -             -       (657)      (657)
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Total
 transactions
 with owners of
 the Company        (546,635)        81        (1,110)      (657)    (1,686)
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Balance, April
 30, 2011         11,678,671  $   1,467  $     10,993  $   3,486  $  15,946
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