Like dozens of other companies in the battered information technology market, SPSS Inc. is ready to close the books on 2001 and look for recovery in the months ahead. For the 2001 fiscal year ended December 31, SPSS reported net revenues of $187.4 million, down from $197.9 million for the 2000 fiscal year. Net income was $8 million in 2001, compared with $14 million in 2000. "2001 was a tough year," says SPSS Chief Executive Officer Jack Noonan. “We responded to the economic climate by reducing payroll by eight percent, cutting the scope of our new initiatives and restricting spending on everything from travel to promotion.”

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