Cincom's 2003 Fiscal ROIC Performance Breaks 35-Year Record

Cincom's ROIC of 106.8 percent was five times better than its previous record-breaking 2002 performance. No other software company even came close.

CINCINNATI, Ohio - October 29, 2003 - Cincom announced today a record-breaking 106.8% Return On Invested Capital (ROIC) for fiscal year 2003.

ROIC cuts past the glamour of both profit and ROI figures to paint an unvarnished picture of how well the company is being run. It is the raw measure of profits generated relative to the capital employed to generate that profit.

Cincom's 106.8% ROIC is 2.6 times greater than that of the industry-standard bearer Oracle® (ORCL), whose numbers for the same period were just 40.8%.

Cincom achieved this remarkable feat despite the challenging and turbulent economic climate. The tumultuous technology sector of the economy in the last couple of years had most technology vendors just trying to "survive." Cincom not only survived, but thrived: calendar 2001 and 2002 were its best two years in a row, ever (see: http://www.cincom.com/pr/financial/).

Cincom's CEO Tom Nies attributes the ongoing success to Cincom's "high-value, low-cost, and rapid ROI" offerings. "In the 'irrationally exuberant' economy of the last several years, few seemed to be concerned about long-delayed and minimized ROI, immense implementation costs, and long development cycles where lots could go wrong - and too often did. Customers are returning to more rational and sound decision-making processes that focus much more on cost, value, and rapid ROI," says Nies.

He continues, "We will continue to follow Cincom's golden rule: 'Help our customers grow their businesses faster and more profitably, with far less upfront investment, much less risk, and much greater and quicker ROI.' Simple rule. It's worked well for 35 years."

Cincom's operating success is also a testimony to the effectiveness of CEO Tom Nies' approach to fiscal management that has, over the last 35 years, steered Cincom to its present status as one of the leading software companies, now ranked in the top 5 percent 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.

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 clients greater productivity, faster speed-to-market, and a quicker Return on Investment (ROI).

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.