MAPICS Reports Solid Profitability Despite Dismal Fiscal 1999 4% Growth
P.J. Jakovljevic - November 3, 1999

Event Summary

On October 27, MAPICS, Inc. reported revenues and net income for the fourth quarter and fiscal year ended September 30, 1999. Total revenues for the fourth fiscal quarter amounted to $33.9 million compared with $39.1 million in the year-earlier period. Net income for the quarter totaled $2.8 million, or $0.14 per share (diluted), compared with $6.4 million, or $0.27 per share (diluted) in the year-ago quarter. For fiscal 1999, total revenues amounted to $134.7 million compared with $129.7 million in fiscal 1998. Net income for the year totaled $13.2 million, or $0.62 per share (diluted), compared with $18.7 million, or $0.81 per share (diluted) in the prior year...