-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, KDuWsCwENV2WuqPuVwAfQPYbU4jQi/nTJyLXB0A+88+DRHPRvzAjhwtNBDLsi3O6 fn/fj7uIMBSKGIlpofB78g== 0000950131-97-005001.txt : 19970814 0000950131-97-005001.hdr.sgml : 19970814 ACCESSION NUMBER: 0000950131-97-005001 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 19970811 ITEM INFORMATION: Other events ITEM INFORMATION: Financial statements and exhibits FILED AS OF DATE: 19970813 SROS: NASD FILER: COMPANY DATA: COMPANY CONFORMED NAME: SYSTEM SOFTWARE ASSOCIATES INC CENTRAL INDEX KEY: 0000808207 STANDARD INDUSTRIAL CLASSIFICATION: SERVICES-PREPACKAGED SOFTWARE [7372] IRS NUMBER: 363144515 STATE OF INCORPORATION: DE FISCAL YEAR END: 1031 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 000-15322 FILM NUMBER: 97658130 BUSINESS ADDRESS: STREET 1: 500 W MADISON ST 32ND FLR CITY: CHICAGO STATE: IL ZIP: 60661 BUSINESS PHONE: 3122586000 8-K 1 FORM 8-K SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 -------------------------- FORM 8-K Current Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of l934 Date of report (Date of earliest event reported) August 11, 1997 SYSTEM SOFTWARE ASSOCIATES, INC. - -------------------------------------------------------------------------------- (Exact name of registrant as specified in its charter) Delaware - -------------------------------------------------------------------------------- (State or other jurisdiction of incorporation)
0-15322 36-3144515 - -------------------------------------------------------------------------------- (Commission File Number) (I.R.S. Employer Identification No.) 500 West Madison Chicago, Illinois 60661 - -------------------------------------------------------------------------------- (Address of principal executive offices) (Zip Code)
(312) 258-6000 - -------------------------------------------------------------------------------- (Registrant's Telephone Number, Including Area Code) N/A - -------------------------------------------------------------------------------- (Former name or former address, if changed since last report.) Item 5. Other Events ----------- On August 11, 1997, the Registrant issued a press release announcing its revenues for the third fiscal quarter ended July 31, 1997. A copy of the press release is attached as an exhibit. Item 7. Financial Statements and Exhibits --------------------------------- (c) Exhibits -------- 99 Press Release dated August 11, 1997. SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. SYSTEM SOFTWARE ASSOCIATES, INC. Date August 11, 1997 BY: /s/ Joseph J. Skadra ----------------------------------------- Joseph J. Skadra, Chief Financial Officer EX-99 2 PRESS RELEASE [SSA - logo] System Software Associates, Inc. NEWS RELEASE - -------------------------------------------------------------------------------- Corporate Headquarters 500 West Madison . Chicago, Illinois, U.S.A. 60661 . Telephone (312) 258-6000 . Facsimile: (312) 474-7500 Investor Relations Contact Corporate Contact Joseph J. Skadra Roger E. Covey Chief Financial Officer CEO and Chairman (312) 258-6000 (312) 258-6000 Facsimile: (312) 474-7500 Facsimile (312) 474-7500 jskadra@ssax.com rec@ssax.com For Immediate Release - --------------------- SSA Announces Best Ever Third Quarter Revenue License Fee Revenue Growth of 84% Chicago, IL, August 11, 1997 - System Software Associates, Inc. (NASDAQ: SSAX) announced today that revenues for its fiscal third quarter ended July 31, 1997, were a record $114.7 million, an increase of 58.6 percent when compared to $72.3 million recorded in the same period of the prior year. Software license fee revenues in Q3 1997 were $83.2 million, an increase of 84.1% when compared to $45.2 million recorded in Q3 1996. Client services revenues grew 16.2 percent to $31.5 million in the quarter just ended, as compared to $27.1 million in Q3 1996. Software license fee revenues grew 47% during the first nine months of 1997 to $213.4 million versus $145.2 million recorded during the same period of 1996. Client services revenues for the first nine months of 1997 were $91.6 million as compared to $86.2 million in the first nine months of 1996, an increase of 6.3%. Total revenues for the first nine months of 1997 were $305.0 million as compared to $231.4 million in the first nine months of 1996, an increase of 31.8%. Joseph J. Skadra, Vice President and CFO said that: "The company ended its fiscal third quarter with cash balances in excess of $31 million due to experiencing positive cash flow of more than $11 million." Mr. Skadra emphasized, however, that the release was intended only to disclose revenue results and that no conclusions concerning any other income statement or balance sheet item should be drawn until the firm's formal announcement of third quarter earnings. The company expects to release its full Q3 1997 earnings report on its usual schedule, during the week of August 18, 1997. About SSA The industry leader in delivering Business Value Through Object Technology, SSA provides the most robust application functionality available for industrial sector enterprise-wide information systems. The BPCS Client/Server solution delivers unparalleled agility and re-configurability to meet changing market demands through a quantum leap forward in ERP technology that delivers significant business benefits, including century dating. The BPCS Client/Server product suite delivers competitive advantage by integrating all mission critical operations from global financials to multi-mode manufacturing to management of the total supply chain, including Electronic Commerce and EDI. SSA's Distributed Object Computing Architecture (DOCA) provides the computing platform choice, whether IBM AS/400 or RS/6000, Digital, Hewlett-Packard, a combination of these or server access via the Internet. Database options include Oracle, Informix and DB2/400. Over 8,000 multi-national customers in various vertical markets - automotive, chemical, consumer goods, electronics, fabrication and assembly, food/beverage, forest products, pharmaceutical - have implemented an SSA ERP system. SSA and its strategic partners provide full implementation support for BPCS Client/Server in over 70 countries worldwide. Visit SSA's homepage at http://www.ssax.com. Safe Harbor The statements contained in this release regarding SSA's future operating results and performance and business prospects are "forward-looking statements" subject to the safe harbor created by the Private Securities Litigation Reform Act of 1995. Where possible, the words "expect," "outlook" and similar expressions, as they relate to SSA or its management, have been used to identify such forward-looking statements. These statements reflect SSA's current beliefs and specific assumptions with respect to future business decisions and are based on information currently available to SSA. Accordingly, the statements are subject to significant risks, uncertainties and contingencies which could cause SSA's actual operating results, performance or business prospects to differ from those expressed in, or implied by, these statements. ### -----END PRIVACY-ENHANCED MESSAGE-----