Has Market Been Too Harsh On Great Plains?
P.J. Jakovljevic - August 3, 2000

Event Summary

As published in the company's press release from June 27, Great Plains Software, Inc., a leading mid-market provider of back-office and e-business solutions, announced financial results for the fiscal quarter and fiscal year ended May 31, 2000. Great Plains' fourth quarter revenues increased 48% over the same period last fiscal year. Revenues for the fourth quarter of fiscal 2000 were $59.6 million, a record level for the company, compared to $40.1 million for the fourth quarter of fiscal 1999 (See Figure 1). Net income and diluted earnings per share for the fourth fiscal quarter, excluding the effect of amortization of acquired intangibles, were $1.6 million and 9 cents per share, respectively, compared to $4.6 million and 29 cents per share, respectively, for the fourth quarter of fiscal 1999...