The company is continuing to evaluate strategic opportunities that would improve its competitive position and increase its customer base.
With revenue up 25.7% at $161.3 million in its financial year to March 30, Mapics expects a slowdown in growth of at least 18% in the current year with a forecast of revenue in the range of $190 to $200 million. Such expansion is impressive as it sells into a manufacturing sector that has suffered badly during the downturn.
However, margins have been badly squeezed with operating expenses up 38% last year and net income was $3.8 million, down from $13.7 million.
This article was based on material originally published by ComputerWire.
