Geac Computer (NASDAQ:GEAC) released fiscal-year 2005 earnings on June 22.

  • Net earnings in both FY 2004 and 2005 affected by "release of reserves and valuation allowances" with an impact on tax rates.

(Figures in thousands, except per-share data)

Income Statement Highlights

Avg. Est. 2005 2004 % Change
Sales $440,000 $444,392 $445,272 -0.2%
Net Profit -- $77,024 $57,166 +34.7%
EPS $0.86 $0.87 $0.66 +31.8%


Balance Sheet Highlights

Assets 2005 2004 % Change
Cash+ ST Investments $188,242 $112,550 +67.3%
Accounts Rec. $56,853 $55,837 +1.8%
Liabilities
Long-Term Debt $4,630 $4,550 +1.8%
Accounts Payable $73,373 $79,691 -7.9%


Margin Checkup

2005 2004 Change
Gross Margin 63.92% 60.68% +3.24%
Operating Margin 18.94% 16.22% +2.72%
Net Margin 17.33% 12.84% +4.49%


Cash Flow Highlights

2005 2004 % Change
Cash From Operations $79,956 $66,586 +20.1%
Capital Expenditures* $3,417 $43,054 -92.1%
Free Cash Flow* $76,539 $23,532 +225.3%
* 2004 capex includes $39 million for an acquisition.

Related companies:

  • Microsoft (NASDAQ:MSFT)
  • Oracle (NASDAQ:ORCL)
  • SAP (NYSE:SAP)

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At the time of publication, Seth Jayson had positions in no company mentioned. Fool rules are here.