Software Company Cincom Announces 18th Straight Year of Over $100 Million in Revenue
Cincom Announces 18th Straight Year of Over $100 Million in Revenue Toughness, creativity, experience and savvy leadership triumph over the challenging economic climate
CINCINNATI, Ohio (PRWEB) October 11, 2003 -
Breaking 18th consecutive year of over $100 million in revenue.
Cincom achieved this remarkable feat despite the challenging and turbulent economic climate. The tumultuous technology sector of the economy in the last couple years had most technology vendors just trying to "survive.” Cincom not only survived, but in fact, calendar 2001 and 2002 were its best two years in a row ever. (See http://www. cincom. com/pr/financial/ (http://www. cincom. com/pr/financial/).) And in calendar 2003 Cincom currently is now on track to produce greater profits than the total profits of those past two years combined.
Toughness, creativity, effort, experience and the leadership of CEO and Founder Tom Nies, the longest-serving CEO in the computer industry, once hailed by former President Ronald Reagan as “the epitome of the entrepreneurial spirit of American business,” continues to successfully guide Cincom, which now ranks in the top 5% of all software companies in the world. Among these larger software firms, during the fiscal years 2001-2002, Cincom led the industry in both ROI and in earnings per share improvement.
“Cincom, being a privately held company, has succeeded in the past and intends to continue to succeed in the foreseeable future by following one simple rule: Help our customers grow their businesses faster and more profitably, with far less up-front investment, much less risk and much greater and quicker ROI. Simple rule. But it’s worked so well for 35 years, why change now?” says Mr. Nies.
To what does Mr. Nies attribute such long-term success? “Customers want solid solutions to their business problems, which a lot of technology vendors can give them,” says Mr. Nies, but they also want and need:
· Proven Company Performance: While Cincom has a very successful 35-year track record, its 21st century performance record outdistances industry peers like SAPÒ and Oracle® in many key performance measures.
· Fast-track ROI: Cincom’s software and process solutions usually take 50% (or less) time to implement than typical alternatives, providing a rate of return that is almost always significantly better than using the “next best” competitive product. And these returns (ROI) are realized much quicker, too.
· High-Value, Low-Cost: Initial investment in Cincom products is typically much less than average initial investment using competitive products.
· Superior Customer Service: Since 1971, Cincom has provided 24x7 global customer service to thousands of customers with a 15-minute response time to mission-critical problems. Many feel that Cincom’s service and support record has long been among the best, if not the very best, in the industry.
About Cincom:
Cincom, the world's most experienced software company, builds, sells, and supports software for 1) data access and integration, 2) process automation, 3) manufacturing business solutions, and 4) business communications. Thousands of major clients around the world rely on Cincom's 35 years of experience to provide innovative solutions to some of their toughest and most complex business problems. High quality, rapid implementation and excellent service give Cincom clientÂ’s greater productivity, faster speed-to-market, and a quicker Return on Investment (ROI).
Cincom serves thousands of clients on six continents in a variety of markets including financial services, aerospace and defense, banking and insurance, healthcare, manufacturing, call centers, retail, utilities, government, and education. Cincom clients include Citibank, Northwestern Mutual, American Bankers, Anheuser-Busch, Federal Express, Ericsson, Prudential Financial, Federal Reserve Board, Duke University Medical Center, Christian Children's Fund, Mayo Health System, MetLife, Morgan Stanley & Company, Penn State University, Siemens, Bertelsmann Music Group (BMG), and Trane. For more information about Cincom products and services, contact us at 1-800-2CINCOM (US), send e-mail to info@cincom. com, or visit the company's website at www. cincom. com.
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