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SSA Global Technologies Announces Earnings for Third Fiscal Quarter 2003; Company Marks Eight Straight Quarters of Industry-Leading Performance.


Business Editors

CHICAGO--(BUSINESS WIRE)--May 14, 2003

SSA Global Technologies SSA Global Technologies (previous NASDAQ symbol: SSAG) was a company developing Enterprise resource planning (ERP) software. On May 15, 2006, SSA Global announced that it would be acquired by Infor Global Solutions.  Inc.(TM), (SSA (Serial Storage Architecture) A fault tolerant peripheral interface from IBM that transfers data at 80 and 160 Mbytes/sec. SSA uses SCSI commands, allowing existing software to drive SSA peripherals, which are typically disk drives.  GT(TM)), a leading global provider of extended enterprise solutions and services, today announced its third quarter 2003 earnings. For the quarter ended April 30, the company reported total revenue of $79.1 million, an increase of 57 percent over the third quarter of fiscal 2002. Software license revenues were $26.2 million, up 66 percent over the third quarter of fiscal 2002, representing 33 percent of total revenue for the third quarter of fiscal 2003.

Third quarter earnings before interest, taxes, amortization (EBITA EBITA Earnings Before Interest Taxes Amortization ) were $19.7 million, or 25 percent of total revenue. Cash-on-hand as of quarter's end was $43 million.

In the third quarter, North America delivered 51 percent of total revenue while Europe, Middle East and Africa (EMEA (Europe, Middle East, Africa) Refers to that region of the world. For example, one might see products packaged differently for the UK, EMEA and Asia Pacific markets. ) accounted for 29 percent. The emerging growth markets in Latin America and Asia-Pacific/Japan provided the remaining 20 percent of total revenue. New customers accounted for 19 percent of software license revenue.

"This is the eighth consecutive quarter that SSA GT has met or exceeded our key financial objectives," said Mike Greenough, president, chairman and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board.  of SSA GT. "This is indeed a testament to growing customer confidence and to SSA GT's sustained ability to execute to our strategic and business objectives."

The company continues to reinvest in its product offerings with 14 percent of total revenue spent on research and development. These ongoing product enhancements allow SSA GT customers to extend the life of their existing technology investments while improving their companies' productivity levels. During the quarter, SSA GT released version 8.2 of BPCS BPCS Business Planning and Control System
BPCS Better Process Control School
BPCS Basic Process Control System
BPCS Base/Post/Camp/Station
BPCS Broadband Personal Communications System (FCC) 
, its flagship ERP (Enterprise Resource Planning) An integrated information system that serves all departments within an enterprise. Evolving out of the manufacturing industry, ERP implies the use of packaged software rather than proprietary software written by or for one customer.  product and version 6.2 of Warehouse BOSS, its premier warehouse management system.

The company is on track to exceed its previously disclosed fiscal year 2003 revenue target of $281 million, which represents an increase of more than 50 percent from the prior fiscal year.

About SSA Global Technologies

SSA Global Technologies, Inc. is a leading provider of enterprise solutions for process manufacturing, discrete manufacturing, consumer, services and public companies worldwide. SSA GT delivers integrated e-business solutions including business intelligence, customer relationship management (CRM (Customer Relationship Management) An integrated information system that is used to plan, schedule and control the presales and postsales activities in an organization. ) and supply chain management (SCM (1) (Software Configuration Management, Source Code Management) See configuration management.

(2) See supply chain management.
) applications. Headquartered in Chicago, SSA GT has 121 worldwide offices serving more than 10,000 customers that represent market-leading companies in over 90 countries. For additional information, visit the SSA GT web site at www.ssagt.com.

SSA Global Technologies and SSA GT are trademarks of SSA Global Technologies, Inc. Infinium Software, Inc. is a wholly owned subsidiary Wholly Owned Subsidiary

A subsidiary whose parent company owns 100% of its common stock.

Notes:
In other words, the parent company owns the company outright and there are no minority owners.
 of SSA Global Technologies, Inc. All copyright, registration and trademarks for BPCS, PRMS A full featured ERP system for the AS/400 from SSA Global Technologies, Inc., Chicago IL (www.ssaglobal.com). PRMS dates back to 1980 when the PCR company released its Resource Management System (RMS) software. In 1987, Pansophic Systems acquired PCR and added the "P" to the "RMS. , MAX International, KBM (Knowledge Based Manufacturing) A full-featured custom manufacturing ERP system from Acacia for the AS/400. It was originally developed by Data3, which was acquired by the ASK Group and then by Computer Associates (CA) in 1994. See Acacia. , MK, MANMAN, Warehouse BOSS, CAS, Masterpiece, MAXCIM, interBiz and Infinium are owned by SSA Global Technologies, Inc. Other products mentioned in this document are registered, trademarked or service marked by their respective owners.

Forward Looking Statements

These materials may contain "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, Section 21E of the Securities Exchange Act of 1934, as amended, and the Private Securities Litigation Reform Act The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and  of 1995. Statements in this press release or otherwise attributable to SSA GT regarding the business which are not historical fact, including those regarding forecasted revenue, earnings, cash flow and liquidity and the future prospects of its business, are "forward looking statements" made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Any "forward-looking statements" in these materials are subject to certain risks and uncertainties that could cause actual results to differ materially from those stated. Any statements that are not statements of historical fact (including without limitation statements to the effect that SSA GT or its management "believes," "expects," "anticipates," "plans," "looks forward" and similar expressions) should be considered forward-looking statements. Many important factors could cause SSA GT's actual results to differ materially from those expressed in the forward-looking statements made by or on behalf of SSA GT, including, without limitation, the size and timing of license transactions, the effect of economic conditions on the spending patterns of SSA GT's customers, the impact of competitive products and services, the effect of fluctuations in the economy and local currency, the ability of SSA GT to accurately forecast revenue, the ability to maintain adequate cash flow, the ability to maintain a satisfactory credit facility, the relationship between SSA GT and its affiliates and suppliers, the ability to manage costs and expenses, the availability of qualified resources, the ability to develop and enhance products, and other unknown risks including those as may be detailed in other SSA GT filings, reports and releases. SSA GT undertakes no obligation to revise or publicly update these forward-looking statements, whether as a result of new information or otherwise.
COPYRIGHT 2003 Business Wire
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2003, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

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Publication:Business Wire
Geographic Code:1USA
Date:May 14, 2003
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