SSA Global Technologies Reports Fourth Quarter and Fiscal Year 2003 Results.Business Editors/High-Tech Writers CHICAGO--(BUSINESS WIRE)--Sept. 4, 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 financial results for the company's fourth quarter and fiscal year ended July 31, 2003. These results are subject to audit and do not include the recent Baan acquisition. For the quarter ended July 31, 2003 the company reported total revenue of $85.2 million, an increase of 19 percent over the fourth quarter of fiscal year 2002. Software license revenues were $29.9 million, up 41 percent over the prior year quarter and represent 35 percent of total revenue in the quarter. Fourth quarter earnings before interest, taxes, amortization (EBITA EBITA Earnings Before Interest Taxes Amortization ) were $22.1 million, or 26 percent of total revenue. Cash-on-hand as of quarter's end was $65 million. Total revenues for the year were $285.4 million, an increase of 50 percent from 2002. Earnings before interest, taxes and amortization (EBITA) were $65.5 million, which represents 23 percent of total revenue. For the year, software license fees represented 33 percent of total revenues with the remaining 67 percent coming from maintenance and services. Geographic representation was maintained with revenues of 47 percent generated from North America North America, third largest continent (1990 est. pop. 365,000,000), c.9,400,000 sq mi (24,346,000 sq km), the northern of the two continents of the Western Hemisphere. , 31 percent from 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. ) and 22 percent from the Latin America Latin America, the Spanish-speaking, Portuguese-speaking, and French-speaking countries (except Canada) of North America, South America, Central America, and the West Indies. and Asia/Pacific/Japan regions. During fiscal year 2003, SSA GT closed several strategic acquisitions of notable companies that established SSA GT as the largest provider of enterprise software to the manufacturing sector. The company now has more than 16,000 customers worldwide. -- December 20, 2002 - Infinium Software deepened SSA GT's reach into the process manufacturing The manufacturing industry that uses process control systems. See process control. space with strong financial and human resources The fancy word for "people." The human resources department within an organization, years ago known as the "personnel department," manages the administrative aspects of the employees. applications while broadening capabilities into gaming, hospitality and healthcare industries. -- June 19, 2003 - Ironside Technologies' sell-side and buy-side eCommerce solutions extended and strengthened SSA GT's existing product portfolio and became important components of its customer relationship and supplier relationship strategies. -- July 18, 2003 - Baan gives SSA GT a deeper global presence as well as the most balanced geographical reach in the industry. Both SSA GT and Baan customers are benefiting from enhanced extension solutions in areas such as logistics, supply chain management, customer relationship management, corporate performance management and enterprise integration. -- July 22, 2003 - Elevon's advanced e-business, collaborative commerce solutions and world-class manufacturing customers were added to SSA GT's portfolio. "We continue to expand our core 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. offerings through these acquisitions and attribute our success to the fact that we are solving customer problems. We are committed to providing service and value to our customers and by addressing their needs we will continue to grow," 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. , SSA GT. "SSA GT is at the vanguard Vanguard Any of three unmanned U.S. experimental satellites. Vanguard I (1958), the second U.S. satellite placed in orbit around Earth (after Explorer 1), was a tiny 3.25-lb (1.47-kg) sphere with two radio transmitters. of industry consolidation with several successful acquisitions this fiscal year. Our financial record of consistent revenue growth and profitability is unique in the industry. As a percentage of total revenue, our software license fees are among the highest in the industry." About SSA Global Technologies SSA Global Technologies, Inc. is a leading provider of extended enterprise resource planning See ERP. (application, business) Enterprise Resource Planning - (ERP) Any software system designed to support and automate the business processes of medium and large businesses. (ERP) solutions for manufacturing, services, and public organizations worldwide. In addition to core ERP applications, SSA GT offers a full range of practical integrated extended solutions including corporate performance management, 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. ), supply chain management and supplier relationship management. Headquartered in Chicago, SSA GT has 121 worldwide offices serving more than 16,000 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. 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 forward-looking statement A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. " 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 Safe Harbor 1. A legal provision to reduce or eliminate liability as long as good faith is demonstrated. 2. A form of shark repellent implemented by a target company acquiring a business that is so poorly regulated that the target itself is less attractive. 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. |
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