Made2Manage Manages Throughout Soft Market
P.J. Jakovljevic - August 15, 2001

Event Summary

Recently, Made2Manage Systems Inc. (Nasdaq: MTMS), a provider of enterprise applications and accompanying services for small and midsize manufacturers, reported its financial results for second quarter 2001 demonstrating continued revenue growth and improvement in profitability. For the quarter ended June 30, 2001, total revenues were $8.6 million, a 11% increase from $7.2 million in Q2 2000. Software license revenue grew 15% to $3.8 million compared to $3.3 million in 2000, and service revenues increased 11% to $4.6 million from $4.2 million. Net loss was $141,000 after excluding the effect of a favorable tax rate adjustment, compared to $596,000 in Q2 2000. The effect was to record an additional tax benefit of $655,000 in the current quarter, which resulted in $514,000 net income (See Figure 1)...