Frontstep Still Awaiting Better Times
P.J. Jakovljevic - September 17, 2001

Event Summary

On August 14, Frontstep, Inc. (Nasdaq: FSTP), a leading provider of business applications for mid-sized distributors and manufacturers, reported its financial results for the fourth quarter and full fiscal year ended June 30, 2001. Total revenue for Q4 2001 was $29.0 million, an increase of 7% sequentially over the revenue of $27.2 million for Q3 2001, but a 6% drop compared to $31.0 million revenue a year ago (See Figure 1). License revenue was $12.6 million, an increase of 18% sequentially over the $10.7 million reported in Q3 2001, but again, it was a 16% drop compared to $15.0 million revenue a year ago...