Ross Systems Estimates Third Quarter Results; (Continued Improvement in Profitability)

Apr 16, 2001, 01:00 ET from Ross Systems, Inc.

    ATLANTA, April 16 /PRNewswire/ -- Ross Systems, Inc. (Nasdaq:   ROSS), a
 leading provider of enterprise management software and e-business solutions
 for mid-market process manufacturers, announced today that it expects a profit
 of $.09 to $0.11 in diluted earnings per share (EPS) for its third fiscal
 quarter of 2001, which ended March 31, 2001.  Revenues for the quarter are
 estimated to be approximately $11.5 million.  The quarter's results reflect
 positive operating earnings, which further improved over the sequential
 quarter and include a one-time after tax gain of $2.3 million relating to the
 Company's sale of its Payroll and H/R product.  Estimates are based upon
 preliminary results and are subject to final review.
     Software license revenue improved 24% over the sequential quarter and
 operating expenses continued to improve and resulted in continued improvement
 in operating cash-flows.
     On April 3, 2001 the Company was informed pursuant to the March 9, 2001
 oral hearing before a NASDAQ Listing Qualification Panel, that the panel
 determined to continue the listing of the Company's securities on The Nasdaq
 National Market.  The panel's decision provides time for the completion of the
 Company's intended reverse stock split before May 11, 2001 and the expected
 resulting compliance with the minimum bid price requirement.  Preliminary
 returns of the Proxy vote confirm stockholder approval of the proposal.
     The Company will announce final results on April 25, 2001, prior to the
 special stockholders meeting scheduled at 10:00 AM at the Company's offices on
 April 26, 2001.
 
     About Ross Systems
     Ross Systems Inc. is a leading supplier of enterprise resource planning
 (ERP) and management software and e-business solutions for process
 manufacturing industries including food, beverage, chemical, pharmaceutical,
 paper and metals.  The Ross Systems family of solutions includes the award-
 winning iRenaissance, a broad range of Internet-enabled enterprise resource
 planning and management applications for financials, manufacturing, advanced
 planning, supply-chain management, maintenance management, transportation
 management, materials management and human resources/payroll.  Ross Systems'
 Resynt e-business product family includes digital marketplace applications
 spanning procurement, sales, Internet trading exchange connectivity,
 collaboration and employee productivity.  More than 3,400 companies around the
 world use Ross Systems solutions in open systems environments including NT and
 UNIX. Ross Systems has more than 60 offices around the world to serve its
 customers. Ross Systems Inc., Two Concourse Parkway, Suite 800, Atlanta, Ga.
 30328, 770-351-9600, 1-877-ROSS-INC http://www.rossinc.com .
 
     STATEMENTS IN THIS ANNOUNCEMENT WHICH EXPRESS THAT THE COMPANY "BELIEVES",
 "ANTICIPATES", "EXPECTS", "PLANS TO..." OR "SHOULD BEGIN TO... " AS WELL AS
 OTHER STATEMENTS WHICH ARE NOT HISTORICAL FACT, ARE FORWARD LOOKING STATEMENTS
 WITHIN THE MEANING OF THE PRIVATE SECURITIES LITIGATION REFORM ACT OF 1995.
 ACTUAL EVENTS OR RESULTS MAY DIFFER MATERIALLY AS A RESULT OF RISKS AND
 UNCERTAINTIES, INCLUDING QUARTERLY FLUCTUATION OF SOFTWARE PRODUCT LICENSE
 REVENUE, WEAKENING OF CUSTOMER DEMAND FOR ENTERPRISE SYSTEMS, THE COMPANY'S
 MAINTENANCE OF A MINIMAL BACKLOG, THE UNCERTAINTY OF DEMAND FOR NEW PRODUCT
 OFFERINGS AND OTHER RISKS AND UNCERTAINTIES DESCRIBED IN REPORTS FILED BY THE
 COMPANY WITH THE SEC, INCLUDING THE ANNUAL REPORT ON FORM 10-K FILED FOR THE
 YEAR ENDED JUNE 30, 1999, AND THE QUARTERLY REPORT ON FORM 10-Q FOR THE
 QUARTERS ENDED SEPTEMBER 30, 1999, DECEMBER 31, 1999, AND MARCH 31, 2000.
 
     Resynt and "The business of e-Commerce" are trademarks of Ross systems,
 Inc. Renaissance and GEMBASE are registered trademarks of Ross Systems, Inc.
 Throughout this release, software and hardware products are mentioned by name.
 In most, if not all, cases, these product names are claimed as trademarks by
 the companies that manufacture the products.  It is not our intention to claim
 these names or trademarks as our own.
 
 

SOURCE Ross Systems, Inc.
    ATLANTA, April 16 /PRNewswire/ -- Ross Systems, Inc. (Nasdaq:   ROSS), a
 leading provider of enterprise management software and e-business solutions
 for mid-market process manufacturers, announced today that it expects a profit
 of $.09 to $0.11 in diluted earnings per share (EPS) for its third fiscal
 quarter of 2001, which ended March 31, 2001.  Revenues for the quarter are
 estimated to be approximately $11.5 million.  The quarter's results reflect
 positive operating earnings, which further improved over the sequential
 quarter and include a one-time after tax gain of $2.3 million relating to the
 Company's sale of its Payroll and H/R product.  Estimates are based upon
 preliminary results and are subject to final review.
     Software license revenue improved 24% over the sequential quarter and
 operating expenses continued to improve and resulted in continued improvement
 in operating cash-flows.
     On April 3, 2001 the Company was informed pursuant to the March 9, 2001
 oral hearing before a NASDAQ Listing Qualification Panel, that the panel
 determined to continue the listing of the Company's securities on The Nasdaq
 National Market.  The panel's decision provides time for the completion of the
 Company's intended reverse stock split before May 11, 2001 and the expected
 resulting compliance with the minimum bid price requirement.  Preliminary
 returns of the Proxy vote confirm stockholder approval of the proposal.
     The Company will announce final results on April 25, 2001, prior to the
 special stockholders meeting scheduled at 10:00 AM at the Company's offices on
 April 26, 2001.
 
     About Ross Systems
     Ross Systems Inc. is a leading supplier of enterprise resource planning
 (ERP) and management software and e-business solutions for process
 manufacturing industries including food, beverage, chemical, pharmaceutical,
 paper and metals.  The Ross Systems family of solutions includes the award-
 winning iRenaissance, a broad range of Internet-enabled enterprise resource
 planning and management applications for financials, manufacturing, advanced
 planning, supply-chain management, maintenance management, transportation
 management, materials management and human resources/payroll.  Ross Systems'
 Resynt e-business product family includes digital marketplace applications
 spanning procurement, sales, Internet trading exchange connectivity,
 collaboration and employee productivity.  More than 3,400 companies around the
 world use Ross Systems solutions in open systems environments including NT and
 UNIX. Ross Systems has more than 60 offices around the world to serve its
 customers. Ross Systems Inc., Two Concourse Parkway, Suite 800, Atlanta, Ga.
 30328, 770-351-9600, 1-877-ROSS-INC http://www.rossinc.com .
 
     STATEMENTS IN THIS ANNOUNCEMENT WHICH EXPRESS THAT THE COMPANY "BELIEVES",
 "ANTICIPATES", "EXPECTS", "PLANS TO..." OR "SHOULD BEGIN TO... " AS WELL AS
 OTHER STATEMENTS WHICH ARE NOT HISTORICAL FACT, ARE FORWARD LOOKING STATEMENTS
 WITHIN THE MEANING OF THE PRIVATE SECURITIES LITIGATION REFORM ACT OF 1995.
 ACTUAL EVENTS OR RESULTS MAY DIFFER MATERIALLY AS A RESULT OF RISKS AND
 UNCERTAINTIES, INCLUDING QUARTERLY FLUCTUATION OF SOFTWARE PRODUCT LICENSE
 REVENUE, WEAKENING OF CUSTOMER DEMAND FOR ENTERPRISE SYSTEMS, THE COMPANY'S
 MAINTENANCE OF A MINIMAL BACKLOG, THE UNCERTAINTY OF DEMAND FOR NEW PRODUCT
 OFFERINGS AND OTHER RISKS AND UNCERTAINTIES DESCRIBED IN REPORTS FILED BY THE
 COMPANY WITH THE SEC, INCLUDING THE ANNUAL REPORT ON FORM 10-K FILED FOR THE
 YEAR ENDED JUNE 30, 1999, AND THE QUARTERLY REPORT ON FORM 10-Q FOR THE
 QUARTERS ENDED SEPTEMBER 30, 1999, DECEMBER 31, 1999, AND MARCH 31, 2000.
 
     Resynt and "The business of e-Commerce" are trademarks of Ross systems,
 Inc. Renaissance and GEMBASE are registered trademarks of Ross Systems, Inc.
 Throughout this release, software and hardware products are mentioned by name.
 In most, if not all, cases, these product names are claimed as trademarks by
 the companies that manufacture the products.  It is not our intention to claim
 these names or trademarks as our own.
 
 SOURCE  Ross Systems, Inc.