By continuing to achieve stable financial performance and leverage customer requirements to deliver new product enhancements, as well as undertake palatable acquisitions such as Comshare, Geac might well overcome a lingering general feeling that it missed its opportunity to be a top-notch applications vendor. Still, losing five CEOs within five years may sound disconcerting to some, although Geac might contest that.
attributable to an expected decline in the renewal of annual maintenance contracts, to exiting unprofitable businesses, and to the strengthening Canadian dollar. Software license revenue, however, increased by C$0.7 million, or 3% and 3.6%, compared to C$22.9 million in Q4 2002 and C$19.4 million in Q3 2003, respectively. Net loss was C$2.9 million, compared with a net loss of C$2.7 million in the same period last year. As announced on June 8, 2003, Geac recorded a C$16.8 million non-cash goodwill write-d