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Technology Stocks : ROSS SYSTEMS a turnaround? -- Ignore unavailable to you. Want to Upgrade?

To: WTSherman who wrote (2696)	2/12/1999 1:06:00 PM
From: bob zagorin	Respond to of 3067

Ross Systems, Inc. to Present at Cruttenden Roth Growth Stock Conference Cruttenden Roth Growth Stock Conference, LAGUNA NIGUEL, Calif., Feb. 12 /PRNewswire/ -- Ross Systems, Inc. (Nasdaq: ROSS), a fast-growing provider of enterprise software, has captured a leading position in the mid-tier process manufacturing sector. Speaking at the Cruttenden Roth Growth Stock Conference in California, Ross Systems CEO Dennis Vohs noted that partially because of industry recognition of the company's top-rated process manufacturing functionality, Ross Systems is producing steady growth as part of what analysts describe as a "significant turnaround" for the company. Revenues in the company's second fiscal quarter ending Dec. 31 rose 31% to a record $26.2 million. Net earnings increased $1.46 million. Gross margins were a robust 55%. Annual revenues reached $104 million. This was Ross Systems' 10th consecutive quarter of year over year revenue growth. In the second quarter, the company signed a record 30 new ERP accounts as license revenue grew 25% and revenue from consulting services jumped 54%. Maintenance revenue was up 13%. Analysts expect significant growth of the overall mid-tier market for enterprise software into the foreseeable future. The ability of Ross Systems to compete effectively for improved market share is based on several factors. * Ross Systems has received top ratings for the functionality of its process manufacturing software by the prestigious Gartner Group. Gartner rates Ross number one for continuous batch software and batch repetitive functionality. * Most major ERP software firms compete primarily in the area of discreet manufacturing as opposed to process manufacturing where Ross Systems has carved out an increasingly strong niche in an area of relatively low penetration. * Ross is recognized as a low total cost provider of enterprise software. Implementation costs of the company's software are significantly below many competitors. * Ross Systems has developed powerful alliances with leading consultants such as Anderson Consulting and Deloitte & Touche who are partners in the installation of Ross Systems software. * The Gartner Group 1997 ERP Software Vendor guide rated Ross Systems number one for service. Headquartered in Atlanta, Ga., Ross Systems has 3,200 customers worldwide and 49 sales and support offices in 34 countries. The company has 670 employees. Annual R&D expenditures are $13.1 million. The company also benefits from a strongly improved balance sheet. At current prices, the company's stock sells at less than one times revenue and less than 14 times trailing earnings. Ross Systems' press releases, SEC filings, current price quotes and other investor information may be found on www.hawkassociates.com or contact Frank N. Hawkins, Jr. or Julie Marshall at Hawk Associates, Inc. SOURCE Ross Systems, Inc. CO: Ross Systems, Inc.; Cruttenden Roth Growth Stock Conference