Way To Go, Ross Systems!
P.J. Jakovljevic - October 23, 2001

Event Summary

On September 17, Ross Systems, Inc. (NASDAQ: ROSS), a provider of ERP and e-business solutions for mid-market process manufacturers, announced a profit of $0.4 million for its fourth fiscal quarter, which ended June 30, 2001. The results represent a $5.5 million improvement over the prior year's quarter (See Figure 1). Nonetheless, total revenues for the quarter at $11.3 million declined 31% from $16.4 million in the prior year's quarter, while total revenue for the year at $49.5 million declined 38% from $80.0 million in the prior year (See Figure 2). The net loss for the year was $0.8 million, significantly less compared to a net loss of $9.7 million in the prior year...