SSA Global
Wednesday, December 15, 2004
CHICAGO – December 15, 2004 – SSA Global™, a leading provider of extended enterprise solutions and services, today announced financial results for the first quarter ended October 31, 2004.
Total revenue for the first quarter rose to $166.5 million, an increase of 18 percent from $141.7 million in the first quarter of last year. Software license revenue was $41.4 million, up 37 percent from the first quarter last year. The increase in total revenue came primarily from the integration of the recently acquired product lines. The increase in software license revenue was split between organic growth and contributions from recently acquired product lines. Software license revenue represented 25 percent of total revenue for the quarter ended October 31, 2004.
Earnings before interest expense, income taxes, depreciation and amortization (EBITDA) for the first quarter was $30.2 million compared to $22.8 million in the prior year quarter. Excluding acquisition integration and other one-time costs of $5.0 million in last year’s first quarter, EBITDA was $27.8 million. Net income for the quarter was $6.6 million this year compared to $5.4 million last year.
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