Great Plains reported net income and diluted earnings per share excluding the effect of amortization of acquired intangibles of $4.2 million and $0.20 per share for the second quarter. Operating income, excluding the effect of amortization was $6.3 million, up from $6.1 million for the second quarter of fiscal 2000. Net income and diluted earnings per share for the same period last year, excluding the effect of amortization, were $4.6 million and $0.28 per share.

For the quarter ending Nov. 30, net loss and net loss per share, including the effect of amortization of acquired intangibles, were $10.5 million and $0.52, respectively. For the same period last fiscal year, Great Plains reported net income and diluted earnings per share of $4.4 million and $0.27 per share.

For the six months ended Nov. 30, the company reported net loss and net loss per share, including the effect of amortization of acquired intangibles and a restructuring charge, of $33.1 million and $1.66, respectively. For the same period last year, net income and diluted earnings per share were $7.9 million and $0.49 per share.

Great Plains said revenues from services, up 100 percent over the same period last fiscal year, contributed significantly to its growth this quarter. Cash generated from operations for the second quarter rose 135 percent over last year' second quarter to $9.6 million.

Great Plains reported revenue for the six months ended Nov. 30 of $142.6 million, a 63 percent jump over the same period last year. Net income and diluted earnings per share for the six months ended Nov. 30, excluding the effect of amortization of intangibles and a restructuring charge, were $6.0 million and $0.29 per share, compared to $8.2 million and $0.51 for the same period last year.

-- SmartPros News Staff

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