ERP vendor Mapics Inc [MAPX] is looking for further acquisitions after enjoying strong revenue growth following its November 2002 purchase of Frontstep.
The company is continuing to evaluate strategic opportunities that would improve its competitive position and increase its customer base.
With revenue up 25.7% at $161.3 million in its financial year to March 30, Mapics expects a slowdown in growth of at least 18% in the current year with a forecast of revenue in the range of $190 to $200 million. Such expansion is impressive as it sells into a manufacturing sector that has suffered badly during the downturn.
However, margins have been badly squeezed with operating expenses up 38% last year and net income was $3.8 million, down from $13.7 million.
This article was based on material originally published by ComputerWire.