On October 27, MAPICS, Inc. reported revenues and net income for the fourth quarter and fiscal year ended September 30, 1999. For fiscal 1999, total revenues amounted to $134.7 million compared with $129.7 million in fiscal 1998. Net income for the year totaled $13.2 million, or $0.62 per share (diluted), compared with $18.7 million, or $0.81 per share (diluted) in the prior year.
growth and profitability
significant decrease in MAPICS' growth rate and revenues. Nevertheless, MAPICS' management deserves commendation for making prudent product development moves, while maintaining profitability during very challenging times (See Charts). We regard the recently delivered products and initiatives (e-commerce, advanced planning and scheduling, multi-site capabilities, enhanced outsourcing services for mid-market manufacturers) as wise and in tune with vendor recommendations in the note. However, MAPICS has yet