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Cincom Reports 41% Increase in Revenue Strong Leadership, Focus on Customers, Increased Productivity Pays Off
CINCINNATI, OH, October 26, 2005 -- Cincom Systems, Inc. announced 2005 financial highlights today, which included:
- A 41% increase in revenue for fiscal 2005 vs. 2004.*
- Four-year profits reach all-time record levels.
- Gross revenue per employee increased from $153,200 in 2004 to $193,400 in 2005 for a 27% productivity improvement.
Growing, Profitable and Vibrant Company
- Return on Invested Capital averaged over 70% for the last two years.
- Twentieth straight year of generating more than $100 million in revenue -- a feat unparalleled in the software industry except for Microsoft (MSFT).
Strong Leadership
Cincom CEO and Founder, Tom Nies, the longest-serving CEO in the computer industry, continues to vigorously and successfully lead Cincom. In 2005, Mr. Nies was recognized for his accomplishments by winning the International "Stevie Award" for Best Executive in the worldwide International Business Awards.
Strategy - Simplification Through Innovation™
Cincom simplifies complex business processes with software, services and outsourcing innovations that yield high returns. Cincom's technology-powered systems and solutions are achieved by simplification through innovation.
Focus on Clients
"Our goal: For every $1 invested with us in software and services, our customers achieve a return on their investment of at least $10. That's a minimum," says Mr. Nies. "Our experience shows us that our customers' return on investment with us ranges between 10- and 30-to-1 per dollar invested, or about a 20-to-1 ROI."
No Magic to It
"We provide high value and great service at a lower cost," says Cincom CEO Tom Nies. "There's no magic to it."
About Cincom
For nearly 40 years, Cincom's software and services have helped thousands of clients worldwide simplify the management of complex business processes. Cincom specializes in the five areas of business where simplification brings the greatest value to managers who want to grow revenue, control costs, minimize risk and achieve rapid ROI better than their competitors.
Cincom serves thousands of clients on six continents including BMW, Citibank, Boeing, Northwestern Mutual, Federal Express, Ericsson, Penn State University, Milacron manufacturing, Siemens, Rockwell Automation and Trane.
For more information about Cincom's products and services, contact Cincom at 1-800-2CINCOM (USA only), send an e-mail to info@cincom.com, or visit the company's website at www.cincom.com.
CINCOM, Simplification Through Innovation, and The World's Most Experienced Software Company are trademarks or registered trademarks of Cincom Systems, Inc. All other trademarks belong to their respective companies.
© 2005 Cincom Systems, Inc. All Rights Reserved *GAAP - Generally Accepted Accounting Principles
Contact:
Media Contacts: Steve Kayser Public Relations Manager Cincom Systems, Inc. 513.612.2348 Email Contact
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