Symix Systems Inc, a supplier of enterprise resource planning systems to second tier discrete manufacturers, has reported full-year figures negatively impacted by Y2K-related sales slow-down, but believes its decision to sustain investment in new developments will pay dividends in the post-Y2K period.
Symix said income in the fourth-quarter ended June 30 excluding non-recurring charges related to the 1997 acquisition of Pritsker Corp and the June 1999 acquisition of Distribution Architects International Inc (DAI), was $4.8m compared with $5.1 in the same period last year. The acquisitions reduced net income in the quarter to $865,000, $0.12 per share, as revenue grew 19% to $37.8m. The net loss for the year was $1.35m, compared to net income of $3.99m in 1998. Revenue for the year grew 32.4% to $129m.
The acquisition of DAI is, the company claims, an example of its ongoing investment in the extension of ERP practice to encompass a more customer-oriented business model it dubs customer synchronized resource planning (CSRP). The Tempe, Arizona-based company brings its new Columbus, Ohio parent additional supply chain management systems and resources, but will not significantly extend its existing customer base or revenue in the immediate term.
In the post Y2K period, Symix expects CSRP to be regarded as the next logical step for customers considering reinvestment in and extension of their ERP systems.
