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Computer peripherals industry

System Software Associates Inc. Reports Record Revenues and Earnings

Strategic Insights

— 1 min read

System Software Associates Inc. (SSAX) achieved a significant milestone in its fourth quarter and full year fiscal performance, with revenues and earnings surpassing expectations. The company's revenues for the fourth quarter reached a record $109.8 million, a notable increase from the $83.2 million recorded in the same period of the prior year. Net income for the quarter was $6.2 million, or 23 cents per share, a decrease from the 35 cents reported in the fourth quarter of the previous year.

Key Takeaways:

  • The company's fourth quarter revenues increased to a record $109,800,000, representing a significant 32% growth from the same period in the prior year.
  • Net income for the quarter was $6,200,000, or 23 cents per share, down from 35 cents in the fourth quarter of the prior year.
  • For the full year, revenues increased to $334,400,000 from $263,400,000 in the prior year, while net income dropped to 57 cents per share from 86 cents in the prior year.
  • Cash balances during the quarter rose to a record high of $60,200,000.
  • System Software Associates Inc. is the leading provider of cost-effective business enterprise information systems to the industrial sector worldwide.
  • The company's integrated product line BPCS provides business process re-engineering and integration of all operations, including configurable manufacturing processes, supply chain management, and global financial solutions.
  • SSA's object-oriented software development tool set allows the production of platform-independent client/server applications.
  • SSA and its business partners provide full implementation support for BPCS with over 5,000 professionals in over 60 countries worldwide.

Statistics:

  • Fourth quarter revenues: $109,800,000
  • Fourth quarter net income: $6,200,000 / 23 cents per share
  • Full year revenues: $334,400,000
  • Full year net income: $19,600,000 / 57 cents per share
  • Cash balances: $60,200,000
  • Number of professionals in SSA and its business partners: over 5,000
  • Number of countries with SSA business partners: over 60

Sources:

  • System Software Associates Inc., press release, Nov. 21, 1994.

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