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Article: Cincom Reports Record-Breaking Year With 47 Percent Increase in New Sales; Cincom's focus on delivering high-value, low-cost, rapid ROI software results in best financial results in company's 35-year history.
- Article from:
- PR Newswire
- Article date:
- November 5, 2003
CopyrightCOPYRIGHT 2003 PR Newswire Association LLC. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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CINCINNATI, Nov. 5 /PRNewswire/ -- Cincom Systems, Inc., a pioneer and leader in the software industry, announced today a 47 percent increase in new sales for fiscal year 2003 vs. fiscal 2002. Cincom's fiscal year 2003 financial performance was the best in its 35-year history. Highlights include:
- A 47 percent increase in new sales
- A 106.8 percent Return on Invested Capital (ROIC)
- Earnings Per Share of $1.75 - double that of 2002 - ten times that of
2001
- A record profit - more than double 2002's former record profit year
- The 18th straight year of over $100 million in revenue
- Surpassed $3 billion in total revenues generated