Record Organic License Growth Drives Earnings
“We are pleased to report another strong performance in fiscal 2006 Q1, our 14th consecutive quarter of profitability with continuing strong license revenue,” said Mike Greenough, chairman, president and CEO of SSA Global. “We believe our product strategy and laser focus on solutions are being very well received by our customers.” First quarter total revenue increased 7% to $177.5 million compared to $166.5 million in the prior year. License revenue for the quarter was $52.0 million, an increase of 26% from the first quarter last year. On an organic basis, license revenue grew 21% for the quarter and represented 29% of total revenue compared to 25% last year. The acquisition of Epiphany, which closed on September 29, 2005, contributed $6.4 million to total revenue and $2.4 million to license revenue in the first quarter. Please find further details in attached press release.
Friday, 9. December 2005