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MONTREAL, QUEBEC -- (Marketwired) -- 07/09/13 -- TECSYS Inc. (TSX: TCS), an industry-leading supply chain management software company, announced today its results for the fourth quarter and 2013 fiscal year ended April 30th, 2013. The results of the 2013 fiscal year are audited. All dollar amounts are expressed in Canadian currency and reported in accordance with the International Financial Reporting Standards (IFRS).

Overall highlights for the Fourth Quarter:

--  Total bookings in the quarter were the highest in the company's history;
--  Won the business of ten new customers; most notably two major health
    systems, as well as a leading manufacturer and distributor of medical
    products;
--  Revenue grew by 3% and services revenue increased by 22%;
--  The leading industry analyst's firm once again reaffirmed the Company's
    "visionary" position in the warehouse management space;
--  Existing clients from across its business units continued to invest in
    products and services - forty-five new agreements were concluded in the
    quarter;
--  Deployed its supply chain execution solutions at thirteen customers in
    Canada, the United States and the United Kingdom.

Financial Highlights for the Fourth Quarter:

--  Revenue increased by 3% to $11.1M in Q4, 2013 compared to $10.8M in Q4,
    2012.
--  EBITDA for the quarter was $748K compared to $1,273K in Q4, 2012.
--  Profit from operations for Q4, 2013 was $256K compared to $735K in Q4,
    2012.
--  Net profit for Q4, 2013 was $181K or $0.02 per share compared to $473K
    or $0.04 per share for Q4, 2012.
--  Backlog increased to $27.2M at the end of Q4, 2013 compared to $26.3M at
    the end of Q4, 2012.
--  At the end of Q4, 2013, annualized recurring revenue in Canadian
    currency increased by 4% to $15.4M, compared to $14.8M at the end of Q4,
    2012. Annualized recurring revenue at the end of Q4, 2013 represented
    35% of the Company's revenue for the last 12 months.
--  Cash, cash equivalents and other short-term investments amounted to
    $5.3M at the end of Q4, 2013, compared to $5.2M at the end of Q4, 2012.

Peter Brereton, President and CEO of TECSYS Inc., commented on the results: "This was an investment year, as we increased gross R&D by 20%, while also investing heavily in our services organization with average headcount in services up by 31%. It is beginning to pay off, with license fees up 27% for the year, and services revenue beginning to rise significantly toward the end of the year, up 22% in Q4. During the quarter, we won the business of ten new customers including two major health systems, reinforcing our continued acceptance and leadership in this vertical. We also saw significant reinvestment in our products and services by forty-five existing customers. New contract bookings in the quarter were the highest in our history."

Highlights of the 2013 Fiscal Year include:

--  Revenue for fiscal 2013 increased by 11% to $43.8M compared to $39.5M
    for last fiscal year. License revenue increased by 27% to $9.3M in 2013
    compared to $7.3M in 2012. Services revenue increased by 14% to $27.5M
    in 2013 compared to $24.1M in 2012.
--  Profit from operations for fiscal year 2013 was $1,268K compared to
    $1,455K for last fiscal year.
--  EBITDA was $2,966K in 2013 compared to $3,075K in fiscal year 2012.
--  Net profit for 2013 was $885K or $0.08 per share compared to $1,057K or
    $0.09 per share for 2012.
--  Net profit, adjusted for the impact of option expense due to the rising
    share price, was roughly flat at $1,127K in fiscal 2013 versus $1,124K
    in fiscal 2012, or $0.10 per share for both periods.

TECSYS' Fourth Quarter 2013 Earnings Conference Call:

Subject: Q4 and FY2013 Results Conference Call
Date: July 9, 2013
Time: 4:30 pm EDT
Phone number: 800-734-8583 or 416-981-9023

The call can be replayed by calling 800-558-5253 (access code: 21662429) or
416-626-4100 (access code: 21662429).

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 more than 500 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, 2012. 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.
Consolidated Statements of Financial Position
As at April 30, 2013 and April 30, 2012
(in thousands of Canadian dollars)


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                                                April 30,          April 30,
                                                     2013               2012
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Assets

Current assets
  Cash and cash equivalents              $          5,348   $          5,217
  Accounts receivable                               7,959              8,207
  Work in progress                                  1,291                645
  Other accounts receivable and
   derivatives                                        132                190
  Tax credits                                       4,675              2,070
  Inventory                                           545                696
  Prepaid expenses                                  1,153              1,177
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Total current assets                               21,103             18,202
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Non-current assets
  Restricted cash equivalents and other
   investments                                        120                160
  Non-current receivables                              39                 99
  Tax credits                                       1,219              1,076
  Property and equipment                            2,928              2,911
  Deferred development costs                        3,317              2,514
  Other intangible assets                             544                362
  Goodwill                                          2,239              2,239
  Deferred tax assets                                 710                587
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Total non-current assets                           11,116              9,948
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Total assets                             $         32,219   $         28,150
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Liabilities

Current liabilities
  Accounts payable and accrued
   liabilities                           $          4,997   $          5,685
  Loans payable                                        70                 85
  Term loan                                         1,000                  -
  Deferred revenue                                  7,161              6,665
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Total current liabilities                          13,228             12,435
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  Term loan                                         3,500                  -
  Other non-current liabilities                       225                159
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Total non-current liabilities                       3,725                159
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Total liabilities                                  16,953             12,594
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Equity

  Share capital                                     1,748              1,688
  Contributed surplus                               9,588             10,023
  Retained earnings                                 3,930              3,845
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Total equity attributable to the owners of
 the Company                                       15,266             15,556
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Total liabilities and equity             $         32,219   $         28,150
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TECSYS Inc.
Consolidated Statements of Comprehensive Income
Three-month periods and years ended April 30, 2013 and 2012
(in thousands of Canadian dollars, except per share data)


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                      Three Months   Three Months         Year         Year
                             Ended          Ended        Ended        Ended
                         April 30,      April 30,    April 30,    April 30,
                              2013           2012         2013         2012
                       (unaudited)    (unaudited)
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----------------------------------------------------------------------------

Revenue:
  Software products  $       1,986  $       2,999  $     9,307  $     7,307
  Third-party
   hardware and
   software products         1,421          1,502        5,853        7,244
  Services                   7,376          6,057       27,458       24,078
  Reimbursable
   expenses                    334            247        1,141          873
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Total revenue               11,117         10,805       43,759       39,502
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Cost of revenue:
  Products                   1,046          1,084        4,263        4,944
  Services                   5,232          4,565       20,072       16,234
  Reimbursable
   expenses                    334            247        1,141          873
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Total cost of revenue        6,612          5,896       25,476       22,051
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Gross profit                 4,505          4,909       18,283       17,451

Operating expenses:
  Sales and marketing        2,087          2,110        7,796        7,004
  General and
   administration              909            972        3,881        4,015
  Research and
   development, net
   of tax credits            1,253          1,068        5,338        4,956
  Other                          -             24            -           21
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Total operating
 expenses                    4,249          4,174       17,015       15,996
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Profit from
 operations                    256            735        1,268        1,455
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Finance income                  14             15           46           37
Finance costs                  (19)           (14)        (354)        (157)
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Net finance (costs)
 income                         (5)             1         (308)        (120)

Share of net loss of
 equity-accounted
 associate                       -              -            -          (15)
Gain on sale of the
 investment in
 equity-accounted
 associate                       -             67            -           67
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Profit before income
 taxes                         251            803          960        1,387
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Income taxes                    70            330           75          330

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Profit attributable
 to the owners of the
 Company and
 comprehensive income
 for the period      $         181  $         473  $       885  $     1,057
----------------------------------------------------------------------------
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Basic and diluted
 earnings per common
 share               $        0.02  $        0.04  $      0.08  $      0.09
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TECSYS Inc.
Consolidated Statements of Cash Flows
Three-month periods and years ended April 30, 2013 and 2012
(in thousands of Canadian dollars)


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                      Three Months   Three Months         Year         Year
                             Ended          Ended        Ended        Ended
                         April 30,      April 30,    April 30,    April 30,
                              2013           2012         2013         2012
                       (unaudited)    (unaudited)
----------------------------------------------------------------------------
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Cash flows (used in)
 from operating
 activities:
Profit for the
 period              $         181  $         473  $       885  $     1,057
Adjustments for:
  Depreciation of
   property and
   equipment                   184            232          907          789
  Depreciation of
   deferred
   development costs           237            218          883          789
  Depreciation of
   other intangible
   assets                       45             33          162          119
  Share-based
   compensation                  -              -            -           40
  Net finance costs
   (income)                      5             (1)         308          120
  Realized foreign
   exchange (losses)
   gains and others            (39)           (78)         109           32
  Share of net loss
   of equity-
   accounted
   associate                     -              -            -           15
  Gain on sale of
   the investment in
   equity-accounted
   associate                     -            (67)           -          (67)
  Federal non-
   refundable
   research and
   development tax
   credits                     (75)          (330)        (300)        (330)
  Income taxes                  71            330           75          330
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  Operating
   activities
   excluding changes
   in non-cash
   working capital
   items related to
   operations                  609            810        3,029        2,894

  Accounts
   receivable               (1,457)          (133)         248       (1,347)
  Work in progress            (444)          (209)        (646)        (600)
  Other accounts
   receivable                   16            337          (41)          65
  Tax credits                 (632)         1,080       (2,647)        (270)
  Inventory                     24            101          151         (516)
  Prepaid expenses             135             71           24         (327)
  Accounts payable
   and accrued
   liabilities                 486         (1,119)        (751)       1,421
  Deferred revenue             601             57          496          321
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  Changes in non-
   cash working
   capital items
   related to
   operations               (1,271)           185       (3,166)      (1,253)
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Net cash (used in)
 from operating
 activities                   (662)           995         (137)       1,641
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Cash flows (used in)
 from financing
 activities:
  Repayment of bank
   advances                      -              -            -       (3,720)
  Repayment of loans            (4)            (3)         (15)         (22)
  Term loan                      -              -        5,000            -
  Repayment of term
   loan                       (250)             -         (500)           -
  Issuance of common
   shares                        2              5           59          195
  Purchase of common
   shares for
   cancellation                  -            (39)        (462)        (437)
  Purchase of share
   options for
   cancellation                (85)            (8)        (328)        (347)
  Payment of
   dividends                  (400)          (349)        (800)        (698)
  Interest paid                (45)            (2)        (100)         (16)
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Net cash (used in)
 from financing
 activities                   (782)          (396)       2,854       (5,045)
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Cash flows (used in)
 from investing
 activities:
  Short-term and
   other investments
   and restricted
   cash equivalents
   and other
   investments                 342            565           40          890
  Interest received             14             15           46           37
  Proceeds from
   asset-backed
   commercial paper              -              -            -        3,584
  Acquisitions of
   property and
   equipment                   (36)          (213)        (685)      (1,413)
  Proceeds on
   disposal of
   property and
   equipment                     -              1            -            4
  Acquisitions of
   other intangible
   assets                     (182)           (39)        (348)        (189)
  Deferred
   development costs          (561)          (310)      (1,686)        (855)
  Non-current
   receivables
   including the
   current portion
   of the loan from
   TECSYS Latin
   America Inc.                  1              3           13           23
  Proceeds from
   disposition of
   the investment in
   equity-accounted
   associate                     -            136           34          136
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Net cash (used in)
 from investing
 activities                   (422)           158       (2,586)       2,217
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Net (decrease)
 increase in cash
 and cash
 equivalents during
 the period                 (1,866)           757          131       (1,187)

Cash and cash
 equivalents -
 beginning of period         7,214          4,460        5,217        6,404

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Cash and cash
 equivalents - end
 of period           $       5,348  $       5,217  $     5,348  $     5,217
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TECSYS Inc.
Consolidated Statements of Changes in Equity
Years ended April 30, 2013 and 2012
(in thousands of Canadian dollars, except number of shares)



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                          Share capital   Contributed     Retained    Total
                      Number     Amount       surplus     earnings

----------------------------------------------------------------------------
Balance, April 30,
 2012             11,603,271 $    1,688 $      10,023 $      3,845 $ 15,556

  Profit and
   comprehensive
   income for the
   year                    -          -             -          885      885
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Total
 comprehensive
 income for the
 year                      -          -             -          885      885
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  Repurchase of
   common shares    (187,300)       (27)         (435)           -     (462)
  Share options
   exercised          33,450         59             -            -       59
  Fair value
   associated with
   options
   exercised               -         28             -            -       28
  Dividends to
   equity owners           -          -             -         (800)    (800)
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Total transactions
 with owners of
 the Company        (153,850)        60          (435)        (800)  (1,175)
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Balance, April 30,
 2013             11,449,421 $    1,748 $       9,588 $      3,930 $ 15,266
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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)
  Stock options
   exercised         117,400        195             -            -      195
  Fair value
   associated with
   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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