SSA Financial Reports

[Alister Wm Macintyre <macwheel99@xxxxxxxxxxx>]

I thought folks on this list might like to see this news.
http://www.midrangeserver.com/tfh/tfh012604-story05.html

SSA Global Reports $142 Million in Sales for First Quarter

SSA Global http://www.ssaglobal.com/
a privately held ERP software conglomerate with a big OS/400 play, 
announced its financial results last week for the first fiscal 2004 quarter 
ended October 31. The company says it had revenues of nearly $142 million 
for the quarter, up 143 percent from the year earlier period when it sold 
$58.3 million in software and services. The company also reported that 
software license fees brought in $31.2 million for the quarter, almost 
double the $16.8 million in software sales SSA posted last year. SSA did 
not provide net earnings results (which it can do as a private company), 
but said that earnings before interest, taxes, and amortization were $22.4 
million, up 82 percent from the $12.3 million it booked this time last year.

Much of the growth in sales and profits at SSA comes from the fact that the 
company has acquired a handful of relatively large software companies in 
the past year. Acquisitions completed during SSA Global's fiscal year 2003 
include Baan, EXE Technologies, Elevon, Ironside Technologies, and Infinium.

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Al Macintyre  http://www.ryze.com/go/Al9Mac
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