Prophet 21 First Quarter Revenues Suffer But Pipeline Grows
Steve McVey - December 13, 2000

Event Summary

Prophet 21 recently announced financial results for its first quarter of fiscal 2001 ending September 30, 2000. Revenue from new license sales and hardware sales plummeted 68% to $1.8 million from the previous quarter ended June 30, 2000. Total revenue decreased 39% to $8.2 million from the previous quarter. Earnings also dropped sharply into negative territory for the first time since the same quarter of the previous year...