SSA Financial Results

For the quarter ended January 31 SSA reported total revenues of $187.9 million, a 6% increase from last year. License revenues in the fiscal second quarter increased 11% to $56.8 million, and represented 30% of total revenue, What is interesting is SSA’s growth has come from non ERP sales growth going from 18% to 26% this has come from sales at Ephipany, Boniva Software and in the last couple of weeks Provia Software has just been bought for $20 million which shows SSA’s strategy of growth by acquisition is working for them but who is buying SSA LN and LX moving forward that is the roadmap for most of their customers to move to. SSA is looking to have 50% of revenue will come from non ERP sales in the next three years. Meanwhile, SSA Global's balance sheet remains strong. Cash and cash equivalents as of the end of the second quarter $136 million and net cash provided by operating activities for the quarter totaled $49.5 million.