TECSYS Inc. (TSX: TCS), Montreal, Canada, a supply chain management software company, reported sales for the first quarter ended July 31, 2012, of C$11.5 million (US $11.7 million), a 28 percent increase over the same period a year ago. Profit increased six fold to C$1.1 million (US$1.1 million).
“This quarter included the signing of a major contract with an existing customer, a Fortune 500 manufacturer and distributor, which contributed to this quarter’s growth and profitability. Furthermore, our investment in our services infrastructure is starting to pay off; we were able to increase delivery to our clients and complete the deployment of 19 customer sites contributing to a 12 percent increase in services revenue in Q1,” Peter Brereton, president and CEO, said.