Ross Systems – A Bright Spot On A Difficult Enterprise Application Landscape
P.J. Jakovljevic - February 15, 2002

Event Summary

With the announcement of its second quarter results, <b>Ross Systems</b>, Inc. (NASDAQ: ROSS), a provider of ERP and e-business solutions for mid-market process manufacturers (<a href="http://www.rossinc.com" target="_blank"><b>www.rossinc.com</b></a>), has shown a continued upward trend in a market where most companies have struggled to maintain the status quo. Ross had experienced serious financial difficulty in 2000 (see <a href="http://www.technologyevaluation.com/research/researchhighlights/businessapplications/2000/10/news_analysis/na_ba_pj_10_09_00_1.asp" target="_blank"><b>Ross Systems Ends Year On a Sour Note and Braces Itself For Survivor's Game</b></a>) but those troubles appear to be well behind it. Its somewhat miraculous turnaround in 2001 has been duly followed by TEC (see <a href="http://www.technologyevaluation.com/research/researchhighlights/businessapplications/2001/03/news_analysis/na_ba_pj_03_13_01_1.asp" target="_blank"><b>Ross Systems Closes Ranks For A (Possible) Turnaround</b></a>, <a href="http://www.technologyevaluation.com/research/researchhighlights/businessapplications/2001/05/news_analysis/na_ba_pj_05_22_01_1.asp" target="_blank"><b>Is Ross Systems Up To A Hat Trick?</b></a>, and <a href="http://www.technologyevaluation.com/research/researchhighlights/erp/2001/10/news_analysis/na_er_pj_10_23_01_1.asp" target="_blank"><b>Way To Go, Ross Systems!</b></a>). The company reported a profit for its Q2 2002 ended December 31, 2001 of $0.5 million or $0.17 per diluted share on revenues of $11.4 million. Software license revenue (from normalized operations) increased by 79% from a year ago, with 40% of the license revenue coming from new customers. Recent discussions with Pat Tinley, CEO and Chairman of the Board and Rick Marquardt, Senior Vice President of Worldwide Sales and Marketing yielded some of the keys to their success...