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by Alan Alper, MA Editorial Staff
Posted on Friday, September 16, 2005 6:15:00 PM Sign Up to receive Daily News Alerts in your E-mail Inbox    | Abstract: | In its first financial disclosure since going public, the ERP vendor reports record Q4 revenue of $186.9 million and fiscal 2005 sales of more than $711 million, as net income nearly triples in the period and grows by over 40% for the year. |
Punctuating an eventful year, SSA Global yesterday reported record fourth-quarter and fiscal 2005 revenues, driven in part by heady growth in extensions to its core enterprise resources (ERP) applications suite -- notably the company's supply chain, customer relationship and corporate performance management software modules. The financial report, the first released by SSA since closing a challenging initial public offering last May and agreeing to buy former dot-com CRM darling Epiphany and boutique human capital management player Boniva Software, offers tangible evidence of a company whose four-year-long growth-by-acquisition and integration strategy is finally paying dividends. For the fourth quarter ended July 31, revenue reached a record $186.9 million, a 7% increase from the like period last year. Revenue in fiscal 2005 exceeded $711 million, a 12% jump from last year. [Click to continue] |
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