UNITED STATES

                       SECURITIES AND EXCHANGE COMMISSION

                             WASHINGTON, D.C. 20549

                                    FORM 10-Q

   X    QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES
 ----   EXCHANGE ACT OF 1934

For the quarterly period ended October 31, 2000


-----  TRANSITION REPORT PURSUANT TO 13 OR 15(d) OF THE SECURITIES EXCHANGE
       ACT OF 1934

For the transition period            to
                           --------     --------

         Commission file number  1-111898
                                ------------


                               JETFORM CORPORATION
                              ---------------------
             (exact name of registrant as specified in its charter)


         Canada                                                    N/A
---------------------------                                    ------------
(state or other jurisdiction of                                (IRS Employer
incorporation or organization)                               Identification No.)


                              560 Rochester Street

                         Ottawa, Ontario K1S 5K2, Canada
                     ---------------------------------------
                    (Address of principal executive offices)

                                 (613) 230-3676
                            --------- --------------
               Registrant's telephone number (including area code)


     Indicate by check mark whether the registrant (1) has filed all reports
     required to be filed by Section 13 or 15(d) of the Exchange Act during
    the preceding 12 months (or for such shorter period that the issuer was
     required to file such reports), and (2) has been subject to such filing
                       requirements for the past 90 days.

                            Yes X        No
                               ---          ---

                      APPLICABLE ONLY TO CORPORATE ISSUERS

 The number of the issuer's Common Shares outstanding on December 5, 2000:
 24,783,566


<PAGE>



                                TABLE OF CONTENTS

PART I   FINANCIAL INFORMATION                                         Page No.

Item 1.    Financial Statements

             Consolidated Balance Sheets as at October 31, 2000, and           3
              April 30, 2000

             Consolidated  Statements of Operations for the three and six      4
              month periods ended October 31, 2000, and October 31, 1999

             Consolidated  Statements of Comprehensive  Income for the three   5
              and six month periods ended October 31, 2000 and October 31, 1999

             Consolidated  Statements  of Cash  Flows for the three and six    6
              month periods ended October 31, 2000, and October 31, 1999

             Notes to Consolidated Financial Statements                        7

Item 2.      Management's Discussion and Analysis of Financial                16
              Condition and Results of Operations

Item 3.     Quantitative and Qualitative Disclosures about Market Risks       24

PART II     OTHER INFORMATION

Item 1.     Legal Proceedings                                                 25

Item 4.     Submission of Matters to a Vote of Security Holders               25

Item 6.     Exhibits and Reports on Form 8-K                                  25

SIGNATURES                                                                    26

         This Quarterly Report on Form 10-Q ("Report"), contains forward-looking
statements  within the  meaning of Section  27A of the  Securities  Act of 1933.
Discussions containing such forward-looking statements may be found in Item 2 of
Part I and Item 1 of Part II hereof, as well as within this Report generally. In
addition,  when  used  in  the  Report,  the  words  "believes",  "anticipates",
"expects",  and similar  expressions  are  intended to identify  forward-looking
statements.  Such statements are subject to a number of risks and uncertainties.
Actual results in the future could differ materially from those described in the
forward-looking  statements as a result of  competition,  changes in technology,
management of growth,  third party  dependence,  dependence  upon key personnel,
international  operations  and  geographic  concentration,  exchange rate risks,
currency fluctuations,  reliance on intellectual  property,  product defects and
product  liability,  volatility  of stock  and other  factors  set forth in this
Report,  and the  other  companies  filing  with  the  Securities  and  Exchange
Commission.  The Company does not undertake any  obligation to publicly  release
the results of any  revisions to these  forward-looking  statements  that may be
made to reflect any future events or circumstances.

<PAGE>


                               JETFORM CORPORATION

                           CONSOLIDATED BALANCE SHEETS

                                   (Unaudited)

             (in thousands of Canadian dollars except share amounts)

<TABLE>
<CAPTION>
                                                                     October 31,           April 30,
                                                                         2000                2000
                                                                    ---------------       ------------
                                                   ASSETS
<S>                                                                   <C>                 <C>
       Current assets

       Cash and cash equivalents................................         $ 49,687            $ 42,092
       Accounts receivable (Note 2).............................           27,349              21,416
       Term accounts receivable (Note 2)........................            4,862               5,224
       Unbilled receivables.....................................            3,748               4,492
       Inventory................................................            1,041               1,084
       Prepaid expenses and deferred charges....................            2,612               2,956
                                                                    --------------        ------------
                                                                           89,299              77,264
       Term accounts receivable (Note 2)........................               --                 242
       Deferred income tax asset (Note 5).......................            5,604               5,604
       Fixed assets (Note 3)....................................           17,737              16,556
       Other assets (Note 3)....................................           20,047              21,670
                                                                    --------------        ------------
                                                                        $ 132,687           $ 121,336
                                                                    ==============        ============

                                    LIABILITIES AND SHAREHOLDERS' EQUITY

       Current liabilities

       Accounts payable.........................................           $4,220              $7,423
       Accrued liabilities......................................           10,141              10,685
       Term loan (Note 4).......................................               --              10,000
       Unearned revenue.........................................           14,665              15,588
                                                                    --------------        ------------
                                                                           29,026              43,696
       Term loan (Note 4)......................................            10,000                  --
       Accrued liabilities (Note 6) ............................            1,135               1,338
                                                                    --------------        ------------
                                                                           40,161              45,034
                                                                    --------------        ------------
       Shareholders' equity

       Capital stock  (Issued and  outstanding  -- 23,633,118
       Common Shares and450,448  Preference Shares at October 31,
       2000;  19,592,314 Common Sharesand 450,448 Preference Shares at

       April 30, 2000) (Note 9).................................          269,406             248,210
       Cumulative translation adjustment........................          (3,557)             (2,670)
       Deficit..................................................        (173,323)           (169,238)
                                                                    --------------        ------------
                                                                           92,526              76,302
                                                                    --------------        ------------
                                                                         $132,687           $ 121,336
                                                                    ==============        ============

</TABLE>

 (the accompanying notes are an integral part of these consolidated
                             financial statements)

<PAGE>



                               JETFORM CORPORATION

                      CONSOLIDATED STATEMENTS OF OPERATIONS

                                   (Unaudited)

      (in thousands of Canadian dollars except share and per share amounts)
<TABLE>
<CAPTION>
                                                       Three months ended               Six months ended
                                                           October 31,                    October 31,
                                                  ------------------------------  -----------------------------
                                                       2000           1999            2000           1999
                                                  --------------- --------------  -------------  --------------
<S>                                                 <C>             <C>             <C>           <C>
Revenues

Product                                                  $17,259        $14,687        $29,913         $26,625
Service                                                    9,427         10,386         18,828          21,496
                                                  --------------- --------------  -------------  --------------
                                                          26,686         25,073         48,741          48,121
                                                  --------------- --------------  -------------  --------------
Costs and expenses

Cost of product                                            2,118          2,661          4,132           4,772
Cost of service                                            2,599          3,101          5,286           6,491
Sales and marketing                                       12,714         11,078         25,402          22,542
General and administrative                                 2,258          2,764          4,732           5,334
Research and development                                   4,059          3,926          8,006           7,668
Depreciation and amortization                              2,474          2,562          5,061           5,097
Gain on sale of assets                                        --             --             --         (1,813)
                                                  --------------- --------------  -------------  --------------
                                                          26,222         26,092         52,619          50,091
                                                  --------------- --------------  -------------  --------------
Operating income (loss)                                      464        (1,019)        (3,878)         (1,970)
Net investment income                                        418            340            452             836
                                                  --------------- --------------  -------------  --------------
Income (loss) before taxes                                   882          (679)        (3,426)         (1,134)
Provision for income taxes                                 (501)          (208)          (659)           (384)
                                                  --------------- --------------  -------------  --------------
Net income (loss)                                          $ 381        $ (887)      $ (4,085)       $ (1,518)
                                                  =============== ==============  =============  ==============

Basic income (loss) per share

Net income (loss) per share                               $ 0.02       $ (0.04)        $(0.20)         $(0.08)
Weighted average number of shares                     20,952,065     19,901,248     20,507,927      19,892,394
Fully diluted income (loss) per share

Net income (loss) per share                               $ 0.02       $ (0.04)        $(0.20)         $(0.08)
Weighted average number of shares                     21,045,122     19,901,248     20,507,927      19,892,394
</TABLE>
 (the accompanying notes are an integral part of these consolidated financial
                                  statements)


<PAGE>



                               JETFORM CORPORATION

                 CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME

                                   (Unaudited)

<TABLE>
<CAPTION>              (in thousands of Canadian dollars)

                                                       Three months ended               Six months ended
                                                           October 31,                    October 31,
                                                  ------------------------------  -----------------------------
                                                       2000           1999            2000           1999
                                                  --------------- --------------  -------------  --------------
<S>                                                <C>             <C>          <C>            <C>
Net income (loss)...............................      $  381       $  (887)      $ (4,085)       $ (1,518)
Other comprehensive income (loss):
   Cumulative translation adjustment..........        (1,411)        (1,298)         (887)            488
                                                 --------------- --------------  -------------  --------------
Comprehensive loss..............................    $ (1,030)      $ (2,185)      $ (4,972)       $ (1,030)
                                                 =============== ==============  =============  ==============
</TABLE>
       (the accompanying notes are an integral part of these consolidated
                             financial statements)



<PAGE>




                               JETFORM CORPORATION

                      CONSOLIDATED STATEMENTS OF CASH FLOWS

                                   (Unaudited)

                       (in thousands of Canadian dollars)
<TABLE>
<CAPTION>
                                                       Three months ended              Six months ended
                                                           October 31,                   October 31,
                                                   ----------------------------  -----------------------------
                                                        2000           1999          2000           1999
                                                   -------------  -------------  -------------  --------------
<S>                                                <C>           <C>             <C>            <C>
Cash provided from (used in):

Operating activities

Net income (loss)                                         $ 381        $ (887)       $(4,085)        $(1,518)
Items not involving cash:
  Depreciation and amortization                           3,380          3,424          6,867           6,744
  Deferred income taxes                                      58             --             --              --
  Other non cash items                                       --            839             --              --
Net change in operating components of
  working capital                                         (253)          4,536        (9,771)           6,012
                                                   -------------  -------------  -------------  --------------
                                                          3,566          7,912        (6,989)          11,238
                                                   -------------  -------------  -------------  --------------
Investing activities

Purchase of fixed assets                                (2,360)        (1,202)        (4,614)         (2,083)
Increase in other assets                                (1,147)        (2,636)        (1,695)         (3,871)
                                                   -------------  -------------  -------------  --------------
                                                        (3,507)        (3,838)        (6,309)         (5,954)
                                                   -------------  -------------  -------------  --------------
Financing activities

Proceeds from issuance of shares                         20,915             38         21,111             178
Repayment of Delrina obligation                              --        (8,142)             --        (14,832)
                                                   -------------  -------------  -------------  --------------
                                                         20,915        (8,104)         21,111        (14,654)
                                                   -------------  -------------  -------------  --------------

Effect of exchange rate changes on cash                   (358)          (442)          (218)           1,086
                                                   -------------  -------------  -------------  --------------

Increase (decrease) in cash and cash equivalents         20,616        (4,472)          7,595         (8,284)
Cash and cash equivalents, beginning of period           29,071         43,450         42,092          47,262
                                                   -------------  -------------  -------------  --------------
Cash and cash equivalents, end of period                $49,687        $38,978       $ 49,687        $ 38,978
                                                   =============  =============  =============  ==============

</TABLE>
  (the accompanying notes are an integral part of these consolidated financial
                                  statements)

<PAGE>



                               JETFORM CORPORATION

                          NOTES TO FINANCIAL STATEMENTS

                                   (Unaudited)

1.        BASIS OF PRESENTATION

These  consolidated  financial  statements  have been  prepared by management in
accordance with accounting  principles  generally  accepted in the United States
("U.S.  GAAP"),  and include all assets,  liabilities,  revenues and expenses of
JetForm  Corporation  ("JetForm")  and its  wholly-owned  subsidiaries:  JetForm
Corporation  (a Delaware  corporation),  JetForm  Pacific Pty Limited  ("JetForm
Pacific"),   JetForm  Scandinavia  AB  ("JetForm  Nordic"),  JetForm  France  SA
("JetForm France"),  JetForm UK Limited ("JetForm UK"), JetForm Deutschland GmbH
("JetForm Germany"),  JetForm Japan K.K. ("JetForm Japan"), JetForm Technologies
Limited ("JetForm Ireland") and JetForm PTE Ltd ("JetForm  Singapore").  JetForm
and its wholly-owned  subsidiaries  are  collectively  referred to herein as the
"Company". Investments in businesses that the Company does not control, but over
which it can exert  significant  influence,  are  accounted for using the equity
method.   Such  investments  are  periodically   evaluated  for  impairment  and
appropriate  adjustments  are  recorded,  if necessary.  The  unaudited  interim
consolidated  financial  statements  reflect all  adjustments  which are, in the
opinion of the Company's  management,  necessary to a fair  statement of results
for these interim periods.

2.       ACCOUNTS RECEIVABLE

Accounts  receivable  and term accounts  receivable  are net of an allowance for
doubtful  accounts of $2.8 million at October 31, 2000 and $2.4 million at April
30, 2000.

The Company records revenues from irrevocable  commitments to purchase  products
which do not  conform  to the  Company's  customary  trade  terms at the  amount
receivable less deemed interest ("Term Accounts Receivable"). The Company uses a
discount rate equal to its current net cost of borrowing at the time the revenue
is recorded.  For the three months ended October 31, 2000, the average  discount
rate used was 6.5%.  Under an  irrevocable  commitment  to purchase  product the
customer  commits to pay a minimum  amount  over a  specified  period of time in
return  for the right to use or resell  up to a  specific  number of copies of a
delivered product.

The Company  records Term Accounts  Receivable as non-current to the extent that
management  estimates  payment  will be  received  more  than one year  from the
balance sheet date.  Payment of these Term Accounts  Receivable is generally due
the earlier of: (i)  delivery of the  Company's  products by the customer to its
customers  or end  users;  and  (ii)  specific  dates in the  license  agreement
("Minimum Payment Dates").  As at October 31, 2000 and April 30, 2000 total Term
Accounts   Receivable  with  Minimum  Payment  Dates  exceeding  one  year  were
approximately NIL and $242,000, respectively.

The Company's customer base consists of large numbers of geographically  diverse
customers dispersed across many industries. As a result, concentration of credit
risk with respect to trade receivables is not significant.

                               JETFORM CORPORATION

                          NOTES TO FINANCIAL STATEMENTS

                                   (Unaudited)

3.       FIXED ASSETS AND OTHER ASSETS

The Consolidated Balance Sheet includes the following amounts:
<TABLE>
<CAPTION>

                                                          October 31, 2000        April 30, 2000
                                                         -------------------    -------------------

                                                            (in thousands of Canadian dollars)
<S>                                                  <C>                       <C>
       Accumulated  depreciation  and
         amortization  included  in  fixed  assets                 $ 25,642               $ 22,400
                                                         ===================    ===================

       Accumulated  amortization
         included  in  other  assets                               $ 26,226               $ 22,826
                                                         ===================    ===================
</TABLE>

4.       FINANCIAL INSTRUMENTS AND CREDIT FACILITIES

For  certain  of  the  Company's  financial   instruments,   including  accounts
receivable,  unbilled  receivables,  accounts  payable,  and short term  accrued
liabilities,  the carrying amount approximates the fair value due to their short
maturities.  The carrying amount of term accounts receivable,  after applying an
appropriate  discount  rate,  approximates  their  fair  value.  Cash  and  cash
equivalents,  term loan and long term accrued  liabilities  are carried at cost,
which approximates their fair value.

The Company has entered into  receivables  purchase  agreements with third party
purchasers.  Under the  agreements,  the Company has the option to sell  certain
accounts  receivable on a recourse  basis.  The purchasers  have recourse in the
event of a trade dispute as defined in the receivables  purchase  agreements and
upon the occurrence of other specified  events. As at October 31, 2000 and April
30,  2000,  the  outstanding  balance of  accounts  receivable  sold under these
agreements were approximately  US$3.4 million and US$9.7 million,  respectively.
The Company  believes that none of the receivables sold are at risk of recourse.
These sales meet all of the  requirements  of SFAS 125 "Accounting for Transfers
and Servicing of Financial Assets and  Extinguishments  of Liabilities," for off
balance sheet reporting.

The Company has a committed $20 million  credit  facility with the Royal Bank of
Canada.  The credit  facility is made up of (i) a $10 million term loan facility
which bears interest at a rate of 1.5% over the bankers  acceptance  rate of the
Bank from time to time and is  payable on May 1,  2002;  and (ii) a $10  million
revolving line of credit which bears interest at the prime rate of the Bank from
time to time. During the quarter ended October 31, 2000 the Company renegotiated
the payment  date of the term loan  facility  with the Royal Bank of Canada from
February 1, 2001 to May 1, 2002.  As at October 31, 2000,  the Company had drawn
down the $10  million  term loan  facility  and fixed the  interest  rate  until
January 16, 2001 at 5.86%.  The Company had no borrowings  against its revolving
line of credit as at October 31, 2000. The Company has granted as collateral for
the $20 million  credit  facility a general  security  agreement  over JetForm's
assets, including a pledge of the shares of certain subsidiaries.

5.    INCOME TAXES

As at October 31,  2000,  the Company  had  deferred  income tax assets of $58.5
million, the principal components of which were temporary differences associated
with the  acquisition of in process  research and development and operating loss
carry  forwards.  The Company has  provided  for a valuation  allowance of $52.9
million.

                               JETFORM CORPORATION

                          NOTES TO FINANCIAL STATEMENTS

                                   (Unaudited)

6.  PROVISION FOR RESTRUCTURING COSTS

On March 17, 1999, the Corporation announced a restructuring plan and recorded a
provision for  restructuring  costs of $30.5 million directed at reducing costs.
The key restructuring actions included:

     o Consolidation of management  responsibilities and reduction in headcount.
     o Closure of redundant  facilities.
     o Reduction  in the  carrying  value of certain  capital  assets  primarily
       related to past acquisitions.
     o Cancellation of certain commitments and other costs.

The following table  summarizes the activity in the provision for  restructuring
costs during the six months ended October 31, 2000:
<TABLE>
<CAPTION>                                           Employee                                   Total
                                                    Termination     Facilities    Other      Provision

                                                    ---------------- ------------ --------- ---------------

            <S>                                        <C>          <C>         <C>          <C>
               Balance, April 30, 2000...........          $ 590       $1,246      $395         $ 2,231
               Cash payments......................          (249)         (74)       --            (323)
                                                    ---------------- ------------ --------- ---------------
               Balance, July 31, 2000.............           341        1,172       395           1,908
               Cash payments......................           (89)         (50)      (79)           (218)
                                                    ---------------- ------------ --------- ---------------
               Balance, October  31, 2000.......           $ 252       $1,122      $316         $ 1,690
                                                    ================ ============ ========= ===============
               Long term balance..................         $ --        $ 935     $ 200         $ 1,135
                                                    ================ ============ ========= ===============
</TABLE>

During the three months ended October 31, 2000 the Company made cash payments of
approximately  $218,000  relating  to  the  provision  for  restructuring  costs
recorded in fiscal year 1999.  This included  $89,000 in salary  continuance for
terminated  employees,  $50,000 in rent for the Company's vacant office space in
the United  Kingdom,  and $79,000 in other  miscellaneous  costs.  The long term
balances primarily relate to facility leases in the United Kingdom.

                               JETFORM CORPORATION

                          NOTES TO FINANCIAL STATEMENTS

                                   (Unaudited)

7.       SEGMENTED INFORMATION

Operating  segments  are  defined as  components  of an  enterprise  about which
separate financial  information is available that is evaluated  regularly by the
Company's  chief  decision-maker  in  deciding  how to  allocate  resources  and
assessing performance. The Company's chief decision-maker is the Chief Executive
Officer.

The  Company's  Chief  Executive  Officer  primarily  evaluates the Company on a
geographic  basis. The geographic  evaluation is further segmented into Product,
Consulting,  and Customer  Support  components.  The Product  segment engages in
business  activities  from which it earns  license  revenues  from the Company's
software  products.   The  Consulting  segment  earns  revenues  from  assisting
customers in configuring,  implementing  and integrating the Company's  products
and when required,  customizing  products and designing  automated  processes to
meet the customers  specific  business  needs as well as providing all necessary
training. The Customer Support segment earns revenues through after sale support
for software products as well as providing software upgrades under the Company's
maintenance and support programs.

The Company evaluates performance based on the contribution of each segment. The
Product  segment  costs  include  all  costs  associated  with  selling  product
licenses, consulting services, and customer support. The costs of the Consulting
segment  include all costs  associated  with the  delivery of the service to the
customer.  The  Customer  Support  segment  includes all costs  associated  with
providing technical support to the customer.  Inter-segment  revenues as well as
charges such as depreciation and amortization,  interest  expense,  and overhead
allocations are not included in the  calculation of segment profit.  The Company
does not use a measure  of  segment  assets to assess  performance  or  allocate
resources. As a result, segment asset information is not presented.


<PAGE>



                               JETFORM CORPORATION

                          NOTES TO FINANCIAL STATEMENTS

                                   (Unaudited)

The  following  table  sets  forth,  on a  comparative  basis  for  the  periods
indicated, the Company's segmented information:
<TABLE>
<CAPTION>                                              Three months ended October 31, 2000

                                                        (in thousands of Canadian dollars)
                                                 --------------------------------------------------
                                                   Product     Consulting   Customer
                                                                             Support    Total

                                                 ------------- ------------ ----------- -----------
      <S>                                        <C>            <C>          <C>        <C>
          North America
          Revenue                                      $9,432       $1,433      $4,812     $15,677
          Costs                                         5,500          859         961       7,320
                                                 ------------- ------------ ----------- -----------
          Margin                                       $3,932         $574      $3,851      $8,357
                                                 ------------- ------------ ----------- -----------

          Europe
          Revenue                                      $4,570       $1,252      $1,706      $7,528
          Costs                                         3,096          420         359       3,875
                                                 ------------- ------------ ----------- -----------
          Margin                                       $1,474         $832      $1,347      $3,653
                                                 ------------- ------------ ----------- -----------

          Asia Pacific
          Revenue                                      $3,257          $79        $145      $3,481
          Costs                                         1,399            -           -       1,399
                                                 ------------- ------------ ----------- -----------
          Margin                                       $1,858          $79        $145      $2,082
                                                 ------------- ------------ ----------- -----------

          Total
          Revenue                                     $17,259       $2,764      $6,663     $26,686
          Costs                                         9,995        1,279       1,320      12,594
                                                 ------------- ------------ ----------- -----------
          Margin                                       $7,264       $1,485      $5,343     $14,092
                                                 ------------- ------------ ----------- -----------

          Cost of product                                                                    2,118
          Corporate marketing                                                                2,719
          Research and development                                                           4,059
          General and administration                                                         2,258
          Depreciation and amortization                                                      2,474
                                                                                        -----------
                                                                                            13,628
                                                                                        -----------
          Operating income                                                                     464
          Net investment income                                                                418
                                                                                        -----------
          Income before taxes                                                                  882
          Provision for income taxes                                                         (501)
                                                                                        -----------
          Net income                                                                         $ 381
                                                                                        ===========
</TABLE>
<PAGE>



                               JETFORM CORPORATION

                   NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

                                   (Unaudited)
<TABLE>
<CAPTION>                                              Three months ended October 31, 1999
                                                        (in thousands of Canadian dollars)
                                                 --------------------------------------------------
                                                     Product     Consulting   Customer
                                                                              Support         Total

                                                 ------------- ------------ ----------- -----------
      <S>                                       <C>            <C>           <C>        <C>
          North America
          Revenue                                     $10,302       $3,579      $4,794     $18,675
          Costs                                         5,470        1,571         954       7,995
                                                 ------------- ------------ ----------- -----------
          Margin                                       $4,832       $2,008      $3,840     $10,680
                                                 ------------- ------------ ----------- -----------

          Europe
          Revenue                                      $3,140         $716      $1,292      $5,148
          Costs                                         2,362          296         280       2,938
                                                 ------------- ------------ ----------- -----------
          Margin                                         $778         $420      $1,012      $2,210
                                                 ------------- ------------ ----------- -----------

          Asia Pacific
          Revenue                                      $1,245           $5           -      $1,250
          Costs                                         1,081            -           -       1,081
                                                 ------------- ------------ ----------- -----------
          Margin                                         $164           $5           -        $169
                                                 ------------- ------------ ----------- -----------

          Total
          Revenue                                     $14,687       $4,300      $6,086     $25,073
          Costs                                         8,913        1,867       1,234      12,014
                                                 ------------- ------------ ----------- -----------
          Margin                                       $5,774       $2,433      $4,852     $13,059
                                                 ------------- ------------ ----------- -----------

          Cost of product                                                                    2,661
          Corporate marketing                                                                2,165
          Research and development                                                           3,926
          General and administration                                                         2,764
          Depreciation and amortization                                                      2,562
                                                                                        -----------
                                                                                            14,078
                                                                                        -----------
          Operating loss                                                                   (1,019)
          Net investment income                                                                340
                                                                                        -----------
          Loss before taxes                                                                  (679)
          Provision for income taxes                                                         (208)
                                                                                        -----------
          Net loss                                                                          ($887)
                                                                                        ===========
</TABLE>



                               JETFORM CORPORATION

                          NOTES TO FINANCIAL STATEMENTS

                                   (Unaudited)

<TABLE>
<CAPTION>                                               Six months ended October 31, 2000
                                                        (in thousands of Canadian dollars)
                                                 --------------------------------------------------
                                                   Product     Consulting   Customer
                                                                             Support    Total

                                                 ------------- ------------ ----------- -----------
       <S>                                       <C>            <C>         <C>         <C>
          North America
          Revenue                                     $15,640       $2,776      $9,474     $27,890
          Costs                                        11,848        1,389       2,069      15,306
                                                 ------------- ------------ ----------- -----------
          Margin                                       $3,792       $1,387      $7,405     $12,584
                                                 ------------- ------------ ----------- -----------

          Europe
          Revenue                                      $9,378       $2,558      $3,463     $15,399
          Costs                                         6,024          985         843       7,852
                                                 ------------- ------------ ----------- -----------
          Margin                                       $3,354       $1,573      $2,620      $7,547
                                                 ------------- ------------ ----------- -----------
          Asia Pacific
          Revenue                                      $4,895         $275        $282      $5,452
          Costs                                         2,446            -           -       2,446
                                                 ------------- ------------ ----------- -----------
          Margin                                       $2,449         $275        $282      $3,006
                                                 ------------- ------------ ----------- -----------
          Total
          Revenue                                     $29,913       $5,609     $13,219     $48,741
          Costs                                        20,318        2,374       2,912      25,604
                                                 ------------- ------------ ----------- -----------
          Margin                                       $9,595       $3,235     $10,307     $23,137
                                                 ------------- ------------ ----------- -----------

          Cost of product                                                                    4,132
          Corporate marketing                                                                5,084
          Research and development                                                           8,006
          General and administration                                                         4,732
          Depreciation and amortization                                                      5,061
                                                                                        -----------
                                                                                            27,015
                                                                                        -----------
          Operating loss                                                                   (3,878)
          Net investment income                                                                452
                                                                                        -----------
          Loss before taxes                                                                (3,426)
          Provision for income taxes                                                         (659)
                                                                                        -----------
          Net loss                                                                        $(4,085)
                                                                                        ===========
</TABLE>
<PAGE>



                               JETFORM CORPORATION

                   NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

                                   (Unaudited)

<TABLE>
<CAPTION>                                               Six months ended October 31, 1999
                                                        (in thousands of Canadian dollars)
                                                 --------------------------------------------------
                                                   Product     Consulting   Customer
                                                                             Support    Total
                                                 ------------- ------------ ----------- -----------
       <S>                                        <C>            <C>        <C>         <C>
          North America
          Revenue                                     $16,461       $8,353      $8,406     $33,220
          Costs                                        11,117        2,862       1,983      15,962
                                                 ------------- ------------ ----------- -----------
          Margin                                       $5,344       $5,491      $6,423     $17,258
                                                 ------------- ------------ ----------- -----------
          Europe
          Revenue                                      $7,896       $1,711      $2,586     $12,193
          Costs                                         5,116          684         786       6,586
                                                 ------------- ------------ ----------- -----------
          Margin                                       $2,780       $1,027      $1,800      $5,607
                                                 ------------- ------------ ----------- -----------
          Asia Pacific
          Revenue                                      $2,268          $11         429      $2,708
          Costs                                         2,057            -         176       2,233
                                                 ------------- ------------ ----------- -----------
          Margin                                         $211          $11         253        $475
                                                 ------------- ------------ ----------- -----------
          Total
          Revenue                                     $26,625      $10,075     $11,421     $48,121
          Costs                                        18,290        3,546       2,945      24,781
                                                 ------------- ------------ ----------- -----------
          Margin                                       $8,335       $6,529      $8,476     $23,340
                                                 ------------- ------------ ----------- -----------

          Cost of product                                                                    4,772
          Corporate marketing                                                                4,252
          Research and development                                                           7,668
          General and administration                                                         5,334
          Depreciation and amortization                                                      5,097
          Gain on sale of assets                                                            (1,813)
                                                                                        -----------
                                                                                            25,310
                                                                                        -----------
          Operating loss                                                                   (1,970)
          Net investment income                                                                836
                                                                                        -----------
          Loss before taxes                                                                (1,134)
          Provision for income taxes                                                         (384)
                                                                                        -----------
          Net loss                                                                        ($1,518)
                                                                                        ===========
</TABLE>



<PAGE>


                               JETFORM CORPORATION

                          NOTES TO FINANCIAL STATEMENTS

                                   (Unaudited)

8.  RECENT ACCOUNTING PRONOUNCEMENTS

    In June 1998, the Financial  Accounting  Standards Board ("FASB") issued the
Statement of Financial  Accounting  Standard  ("SFAS") No. 133,  "Accounting for
Derivative  Instruments  and Hedging  Activities"  ("SFAS 133").  This statement
establishes  accounting and reporting  standards for derivative  instruments and
hedging  activities  and is  effective  for all fiscal  quarters of fiscal years
beginning  after June 15, 1999. In June 1999,  the FASB issued SFAS No.137 which
delays the effective  date of SFAS 133 until fiscal years  beginning  after June
15, 2000. Currently, as the Company has no derivative instruments,  the adoption
of SFAS No. 133 would have no impact on the  Company's  financial  condition  or
results  of  operations.  To the extent  the  Company  begins to enter into such
transactions in the future,  the Company will adopt the  Statement's  disclosure
requirements  in the  quarterly  and annual  financial  statements  for the year
ending April 30, 2002.

On March 31, 2000,  the  Financial  Accounting  Standards  Board  (FASB)  issued
Interpretation  No. 44,  Accounting  for Certain  Transactions  involving  Stock
Compensation - an interpretation  of APB Opinion No. 25 (FIN 44),  providing new
accounting  rules  for  stock-based  Compensation  under  APB  Opinion  No.  25,
Accounting  for Stock Issued to Employees  (APB 25). FIN 44 does not change FASB
Statement No. 123,  Accounting for Stock based  compensation  (FAS 123). The new
rules  are  significant  and will  result in  compensation  expense  in  several
situations in which no expense is typically  recorded  under  current  practice,
including option repricing, purchase business combinations and plans that permit
tax withholdings. FIN 44 is generally effective for transactions occurring after
July 1, 2000,  but  applies to  repricings  and some  other  transactions  after
December  15,   1998.   The  Company  does  not  expect  the  adoption  of  this
Interpretation  to have a  material  impact  on its  results  of  operations  or
financial position.

In December  1999, the  Securities  and Exchange  Commission  (SEC) issued Staff
Accounting Bulletin (SAB) No. 101, Revenue Recognition in Financial  Statements,
which was amended in March 2000 by SAB 101A. The SAB  summarizes  certain of the
SEC staff views in applying generally accepted accounting  principles to revenue
recognition in financial  statements.  On June 26, 2000, the SEC issued SAB 101B
to provide  registrants with additional time to implement  guidance contained in
SAB 101. SAB 101B delays the implementation  date of SAB 101 until no later than
the fourth fiscal  quarter of fiscal years  beginning  after  December 15, 1999.
This SAB is effective beginning the Company's fourth quarter of fiscal 2001. The
Company  does not expect the  adoption of this SAB to have a material  impact on
its results of operations or financial position.

9.  CAPITAL STOCK

During the quarter ended October 31, 2000 the Company  issued 4.0 million common
shares  at a  price  of  $5.60  per  share  to  third  parties  pursuant  to  an
underwritten  public  offering.  The  net  proceeds  from  this  offering  after
deducting  underwriting  discounts,  fees and expenses were approximately  $20.9
million. In addition,  subsequent to October 31, 2000 the underwriters exercised
an  over-allotment  option to purchase an additional  600,000 common shares from
the  Company  at a price of $5.60 per share,  the net  proceeds  of which  after
deducting  underwriting  discounts,  fees and expenses were  approximately  $3.1
million.  Also  subsequent  to  October  31,  2000,  Moore  Corporation  Limited
converted  its 450,448  Convertible  Preference  Shares into an equal  number of
Common Shares.


ITEM 2. MANAGEMENT'S  DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS
OF OPERATIONS


The  following  discussion of the  Company's  results of  operations  and of its
liquidity  and  capital  resources  should  be  read  in  conjunction  with  the
information  contained  in the  accompanying  Unaudited  Consolidated  Financial
Statements and related Notes thereto,  together with management's discussion and
analysis of  financial  condition  and results of  operations  contained  in the
Company's  Report on Form 10-K for the fiscal  year ended  April 30,  2000.  The
following discussion provides a comparative analysis of material changes for the
three and six month  periods  ended  October 31, 2000 and 1999, in the financial
condition and results of operations of the parent  company  ("JetForm")  and its
wholly-owned subsidiaries: JetForm Corporation (a Delaware corporation), JetForm
Pacific  Pty Limited  ("JetForm  Pacific"),  JetForm  Scandinavia  AB  ("JetForm
Nordic"),  JetForm France SA ("JetForm  France"),  JetForm UK Limited  ("JetForm
UK"), JetForm Deutschland GmbH ("JetForm Germany"), JetForm Technologies Limited
("JetForm  Ireland"),  JetForm Japan K.K.  ("JetForm Japan") and JetForm PTE Ltd
("JetForm   Singapore").   JetForm  and  its  wholly  owned   subsidiaries   are
collectively referred to herein as the "Company".

Results of Operations

The Company's  revenues and  operating  results have varied  substantially  from
period to period. With the exception of its consulting  services operation,  the
Company has  historically  operated  with little  backlog of orders  because its
software  products are  generally  shipped as orders are  received.  The Company
records  product revenue from packaged  software and irrevocable  commitments to
purchase  products  when  persuasive  evidence  of an  arrangement  exists,  the
software  product  has been  shipped,  there  are no  significant  uncertainties
surrounding  product  acceptance,  the  fees  are  fixed  and  determinable  and
collection is considered probable. As a result, product revenue in any period is
substantially  dependent on orders  booked and shipped in that period and on the
receipt  of  irrevocable  commitment  license  agreements.  Product  revenue  is
difficult  to forecast  due to the fact that the  Company's  sales  cycle,  from
initial trial to multiple copy licenses,  varies  substantially from customer to
customer.  As a result,  variations  in the  timing of  product  sales can cause
significant  variations  in  operating  results  from period to period.  Product
revenue represented 65% of total revenue for the quarter ended October 31, 2000.

Service  revenue  primarily  consists  of  consulting  services,   training  and
technical support. Consulting services include assisting customers to configure,
implement and integrate the  Company's  products and, when  required,  customize
products and design  automated  processes to meet customers'  specific  business
needs.  Service  revenue  represented 35% of total revenue for the quarter ended
October 31, 2000.

Costs and expenses are comprised of cost of product, cost of service,  sales and
marketing,  general and administrative,  research and development,  depreciation
and  amortization  and other expenses.  Cost of product  consists of third party
commissions, the cost of disks, manuals, packaging, freight, royalty payments to
vendors  whose  software  is bundled  with  certain  products,  amortization  of
deferred product development costs and provisions for bad debts. Cost of service
includes all costs of providing technical support, training,  consulting, custom
forms  development,  application  development  services and  provisions  for bad
debts.  Sales and  marketing  expenses are  principally  related to salaries and
commissions  paid to sales and  marketing  personnel  and the cost of  marketing
programs.  Research and  development  expenses  include  personnel and occupancy
costs as well as the costs of software development, testing, product management,
quality  assurance and  documentation.  Depreciation and  amortization  includes
depreciation  and amortization of fixed assets and amortization of other assets,
goodwill and distribution rights relating to various  acquisitions.  The Company
amortizes goodwill and distribution rights over their expected useful lives. The
Company  periodically  reviews the  carrying  value of its capital  assets.  Any
impairments in the carrying value are recognized at that time.

         The following table sets forth, on a comparative  basis for the periods
indicated,  the components of the Company's product margin,  service margin, and
product and service margin:
<TABLE>
<CAPTION>                      Three months ended October 31,               Six months ended October 31,
                     ------------------------------------------- -------------------------------------------
                             2000                  1999                 2000                  1999
                     --------------------- --------------------- -------------------- ----------------------


<S>                  <C>           <C>      <C>         <C>      <C>         <C>      <C>            <C>
Product revenue        $17,259       100%    $14,687       100%    $29,913      100%     $26,625       100%
Cost of product          2,118        12%      2,661        18%      4,132       14%       4,772        18%
                     ---------- ---------- ---------- ---------- ---------- --------- ----------- ----------
Product margin         $15,141        88%    $12,026        82%    $25,781       86%     $21,853        82%
                     ========== ========== ========== ========== ========== ========= =========== ==========

Service revenue        $ 9,427       100%    $10,386       100%    $18,828      100%     $21,496       100%
Cost of service          2,599        28%      3,101        30%      5,286       28%       6,491        30%
                     ---------- ---------- ---------- ---------- ---------- --------- ----------- ----------
Service margin          $6,828        72%     $7,285        70%    $13,542       72%     $15,005        70%
                     ========== ========== ========== ========== ========== ========= =========== ==========

Total revenues         $26,686       100%    $25,073       100%    $48,741      100%     $48,121       100%
Cost of product
  and service            4,717        18%      5,762        23%      9,418       19%      11,263        23%
                     ---------- ---------- ---------- ---------- ----------  -------- ----------- ----------
Product and service
margin                 $21,969        82%    $19,311        77%    $39,323       81%     $36,858        77%
                     ========== ========== ========== ========== ========== ========= =========== ==========

</TABLE>

<PAGE>




         The following table presents,  for the periods indicated,  consolidated
statements of operations data expressed as a percentage of total revenues:

<TABLE>
<CAPTION>                                         Three months ended               Six months ended
                                                     October 31,                       October 31,

                                           ------------------------------      -----------------------------
                                              2000           1999                 2000           1999
                                           ------------   ------------         ------------   ------------
<S>                                      <C>                <C>                <C>             <C>
Revenues
Product                                            65%               59%               61%              55%
Service                                            35%               41%               39%              45%
                                           ------------    -------------       ------------     ------------
                                                  100%              100%              100%             100%
                                           ------------     -------------      ------------     ------------
Costs and expenses
Cost of product                                     8%               11%                8%              10%
Cost of service                                    10%               12%               11%              13%
Sales and marketing                                48%               44%               52%              47%
General and administrative                          8%               11%               10%              11%
Research and development                           15%               16%               16%              16%
Depreciation and amortization                       9%               10%               10%              11%
Gain on sale of assets                              --                --                --             (4%)
                                           ------------     -------------      ------------     ------------
                                                   98%              104%              108%             104%
                                           ------------     -------------      ------------     ------------
Operating income (loss)                             2%              (4%)              (8%)             (4%)
Net investment income                               1%                1%                1%               2%
                                           ------------     -------------     -------------     ------------
Income (loss) before taxes                          3%              (3%)              (7%)             (2%)
Provision for income taxes                        (2%)                1%              (1%)               1%
                                           ------------     -------------      -----------      ------------
Net income (loss)                                   1%              (4%)              (8%)             (3%)
                                           ============     =============      ============     ============
</TABLE>

         The following  table provides  details of product revenue by geographic
segment and within North America, by distribution channel:
<TABLE>
<CAPTION>                             Three months ended October 31,                    Six months ended October 31,
                               --------------------------------------------    ---------------------------------------------
                                                                Increase                                        Increase
                                  2000            1999         (Decrease)         2000            1999         (Decrease)
                               ------------    -----------    -------------    ------------    -----------    --------------
                                                           (in thousands of Canadian dollars)

<S>                             <C>             <C>             <C>            <C>             <C>                   <C>
Product revenue by region

North America                      $ 9,432         $10,302           (8%)          $15,640        $16,461               (5%)
Europe                               4,570           3,140            46%            9,378          7,896               19%
Rest of World                        3,257           1,245           162%            4,895          2,268              116%
                               ------------    ------------                     -----------    -----------
                                   $17,259         $14,687            18%          $29,913        $26,625               12%
                               ============    ============                     ===========    ===========

Product revenue by channel in North America

Reseller and OEM                   $ 5,868         $ 7,508          (22%)           $7,087        $11,078             (36%)
End Users                            3,564           2,794            28%            8,553          5,383              58%
                               ------------    ------------                     -----------    -----------
                                   $ 9,432         $10,302           (8%)          $15,640        $16,461              (5%)
                               ============    ============                     ===========    ===========
</TABLE>

Three Months Ended  October 31, 2000  Compared to Three Months Ended October 31,
1999

Revenues

         Total  Revenues.  Total revenues  increased 6% to $26.7 million for the
three  months  ended  October 31, 2000 from $25.1  million for the three  months
ended October 31, 1999,  due primarily to increased  revenues in Europe and Rest
of World.  Total  revenues  consisted  of 65%  product  revenue  and 35% service
revenue for the three months ended October 31, 2000.

         Product Revenue. Product revenue increased 18% to $17.3 million for the
three  months  ended  October 31, 2000 from $14.7  million for the three  months
ended October 31, 1999, due primarily to increased product revenue in Europe and
Rest of World.  Product revenue  derived from North America,  Europe and Rest of
World  represented 55%, 26%, and 19%,  respectively,  of product revenue for the
three  months  ended  October  31,  2000,  as  compared  to  70%,  21%  and  9%,
respectively, of product revenue for the three months ended October 31, 1999.

         Product revenue derived from North America decreased 8% to $9.4 million
for the three  months  ended  October 31, 2000 from $10.3  million for the three
months ended October 31, 1999, due primarily to lower  government,  reseller and
OEM sales.  Reseller  and OEM sales,  which  represented  62% of North  American
product  revenue,  decreased  22% to $5.9  million  for the three  months  ended
October 31, 2000 from $7.5 million for the three months ended  October 31, 1999.
Government resellers represented $1.1 million of this decrease.  Product revenue
from end  users,  which  represented  38% of  North  American  product  revenue,
increased  28% to $3.6 million for the three months ended  October 31, 2000 from
$2.8 million for the three months ended October 31, 1999.

         Product revenue  derived from Europe  increased 46% to $4.6 million for
the three months  ended  October 31, 2000 from $3.1 million for the three months
ended October 31, 1999, due primarily to increased product sales in Germany.

         Product  revenue  derived  from  Rest of World  increased  162% to $3.3
million for the three  months  ended  October 31, 2000 from $1.2 million for the
three months ended October 31, 1999,  due primarily to higher sales in Japan and
Australia.

         Service Revenue.  Service revenue  decreased 9% to $9.4 million for the
three  months  ended  October 31, 2000 from $10.4  million for the three  months
ended October 31, 1999. For the three months ended October 31, 2000  maintenance
and support  revenue  increased  10% to $6.7  million  from $6.1 million for the
three months ended October 31, 1999. The Company's  consulting revenue decreased
35% to $2.8  million  for the three  months  ended  October  31,  2000 from $4.3
million for the three months ended October 31, 1999.  The decrease in consulting
revenue was in North America.

Costs and Expenses

         Total Costs and  Expenses.  Total costs and  expenses  increased  1% to
$26.2 million for the three months ended October 31, 2000 from $26.1 million for
the three months ended October 31, 1999.

         Cost of Product.  Cost of product decreased 22% to $2.1 million for the
three months ended October 31, 2000 from $2.7 million for the three months ended
October 31, 1999, due to lower third party royalty  costs.  For the three months
ended October 31, 2000, total deferred cost charged to cost of product increased
to $906,000  from  $846,000  for the three months  ended  October 31, 1999.  The
product margin increased to 88% for the three months ended October 31, 2000 from
82% for the three months ended October 31, 1999.

<PAGE>


         Cost of Service.  Cost of service decreased 16% to $2.6 million for the
three months ended October 31, 2000 from $3.1 million for the three months ended
October 31, 1999,  due  primarily to  decreased  consulting  revenue and reduced
numbers of employees in this area. The service  margin  increased to 72% for the
three months ended  October 31, 2000 from 70% for the three months ended October
31, 1999.

         Costs of Product and  Service.  Costs of product and service  decreased
19% to $4.7  million  for the three  months  ended  October  31,  2000 from $5.8
million for the three months ended October 31, 1999.  Product and service margin
increased to 82% for the three  months  ended  October 31, 2000 from 77% for the
three months ended October 31, 1999.

         Sales and  Marketing.  Sales and  marketing  expenses  increased 15% to
$12.7 million for the three months ended October 31, 2000 from $11.1 million for
the three months ended  October 31, 1999,  due to an  initiative to increase the
direct and indirect sales force.

         General  and  Administrative.   General  and  administrative   expenses
decreased  18% to $2.3 million for the three months ended  October 31, 2000 from
$2.8  million for the three months ended  October 31, 1999.  As a percentage  of
total revenues, general and administrative expenses decreased to 8% from 11% for
the three months ended October 31, 2000 and 1999, respectively.

         Research and Development.  Research and development  expenses increased
5% to $4.1 million for the three months ended October 31, 2000 from $3.9 million
for the three months ended October 31, 1999.  For the three months ended October
31, 2000 the Company capitalized  approximately $797,000 of software development
costs as compared to  $900,000  for the three  months  ended  October 31,  1999.
Research and  development  expenses were 15% and 16% of product  revenue for the
three months ended October 31, 2000 and 1999, respectively.

         Depreciation and Amortization.  Depreciation and amortization decreased
3% to $2.5 million for the three months ended October 31, 2000 from $2.6 million
for the three months ended October 31, 1999.

         Operating  Income.  Operating  income  was $0.5  million  for the three
months ended October 31, 2000 compared to an operating  loss of $1.0 million for
the three months ended October 31, 1999.

         Net  Investment  Income.  Interest  and other income  increased  23% to
$418,000  for the three months ended  October 31,  2000,  from  $340,000 for the
three months ended  October 31, 1999  primarily  due to increased  cash and cash
equivalents available for investment.

         Provision for Income Taxes. The Company recorded a provision for income
taxes of $501,000  for the three  months  ended  October 31,  2000,  compared to
$208,000 for the three months  ended  October 31, 1999.  As at October 31, 2000,
the Company had a net deferred tax asset of  approximately  $58.5  million.  The
Company believes  sufficient  uncertainty  exists regarding the realizability of
this net deferred tax asset that a valuation allowance of $52.9 million has been
provided.


<PAGE>

Six Months Ended October 31, 2000 Compared to Six Months Ended October 31, 1999

Revenues

         Total  Revenues.  Total revenues  increased 1% to $48.7 million for the
six months  ended  October 31, 2000 from $48.1  million for the six months ended
October 31, 1999  primarily due to increased  sales in Europe and Rest of World.
Total revenues  consisted of 61% product revenue and 39% service revenue for the
six months ended October 31, 2000.

         Product Revenue. Product revenue increased 12% to $29.9 million for the
six months  ended  October 31, 2000 from $26.7  million for the six months ended
October 31, 1999,  primarily due to increased sales in Europe and Rest of World.
Product revenue derived from North America, Europe and Rest of World represented
52%,  31%, and 17%,  respectively,  of product  revenue for the six months ended
October  31,  2000,  as compared to 62%,  30% and 8%,  respectively,  of product
revenue for the six months ended October 31, 1999.

         Product  revenue  derived  from  North  America  decreased  5% to $15.6
million for the six months ended October 31, 2000 from $16.5 million for the six
months ended  October 31,  1999,  due to lower  reseller and OEM sales.  Product
revenue from end users, which represented 55% of North American product revenue,
increased  58% to $8.6  million for the six months  ended  October 31, 2000 from
$5.4 million for the six months ended October 31, 1999.  Reseller and OEM sales,
which  represented 45% of North American product revenue,  decreased 36% to $7.1
million for the six months ended October 31, 2000 from $11.1 million for the six
months ended October 31, 1999.

         Product revenue  derived from Europe  increased 19% to $9.4 million for
the six months ended October 31, 2000 from $7.9 million for the six months ended
October 31, 1999 due primarily to increased sales in the UK.

         Product  revenue  derived  from  Rest of World  increased  116% to $4.9
million for the six months ended  October 31, 2000 from $2.3 million for the six
months ended  October 31, 1999,  due  primarily to increased  sales in Japan and
Australia.

         Service Revenue. Service revenue decreased 12% to $18.8 million for the
six months  ended  October 31, 2000 from $21.5  million for the six months ended
October 31, 1999.  For the six months  ended  October 31, 2000  maintenance  and
support  revenue  increased  16% to $13.2 million from $11.4 million for the six
months ended October 31, 1999. The Company's consulting revenue decreased 44% to
$5.6  million for the six months ended  October 31, 2000 from $10.0  million for
the six months ended October 31, 1999. The decrease in consulting revenue was in
North America.

Costs and Expenses

         Total Costs and  Expenses.  Total costs and expenses were $52.6 million
for the six months ended  October 31, 2000, a increase of 5% from $50.1  million
for the six months ended October 31, 1999.

         Cost of Product.  Cost of product decreased 15% to $4.1 million for the
six months  ended  October 31, 2000 from $4.8  million for the six months  ended
October 31,  1999,  due  primarily  to reduced bad debt and third party  royalty
costs. For the six months ended October 31, 2000, total deferred cost charged to
cost of product  increased  to $1.8 million from $1.6 million for the six months
ended October 31, 1999. The product  margin  increased to 86% for the six months
ended October 31, 2000 from 82% for the six months ended October 31, 1999.

         Cost of Service.  Cost of service decreased 18% to $5.3 million for the
six months  ended  October 31, 2000 from $6.5  million for the six months  ended
October 31, 1999. The service  margin  increased to 72% for the six months ended
October  31,  2000 from 70% for the six  months  ended  October  31,  1999,  due
primarily to lower consulting revenues.

         Costs of Product and  Service.  Costs of product and service  decreased
17% to $9.4 million for the six months ended October 31, 2000 from $11.3 million
for the six months ended October 31, 1999.  Product and service margin increased
to 81% for the six months  ended  October  31,  2000 from 77% for the six months
ended October 31, 1999.

         Sales and  Marketing.  Sales and  marketing  expenses  increased 13% to
$25.4  million for the six months ended  October 31, 2000 from $22.5 million for
the six months  ended  October 31,  1999 due to an  initiative  to increase  the
direct and indirect sales force.

         General  and  Administrative.   General  and  administrative   expenses
decreased  11% to $4.7  million for the six months  ended  October 31, 2000 from
$5.3 million for the six months ended October 31, 1999. As a percentage of total
revenues,  general and administrative expenses decreased to 10% from 11% for the
six months ended October 31, 2000 and 1999, respectively.

         Research and Development.  Research and development  expenses increased
4% to $8.0 million for the six months  ended  October 31, 2000 from $7.7 million
for the six months ended October 31, 1999.  For the six months ended October 31,
2000 the Company capitalized  approximately $1.7 million of software development
costs as compared to $1.8 million for the six months ended October 31, 1999.

         Depreciation and  Amortization.  Depreciation and amortization  expense
decreased 2% to $5.0 million for the six months ended October 31, 2000 from $5.1
million for the six months ended October 31, 1999.

         Operating  Income.  Operating  loss was $3.9 million for the six months
ended  October 31, 2000  compared to operating  loss of $2.0 million for the six
months ended October 31, 1999.

         Net  Investment  Income.  Interest  and other income  decreased  46% to
$452,000  for the six months  ended  October 31, 2000 from  $836,000 for the six
months ended  October 31, 1999.  During the 6 months ended  October 30, 1999 the
Company  recorded  Interest  income of  approximately  $362,000  resulting  from
imputed  interest  on the  refinancing  of the Delrina  obligation.  The Delrina
obligation was fully satisfied in the quarter ended April 30, 2000.

         Provisions for Income Taxes. The Company recorded a provision for taxes
of $659,000 for the six months ended October 31, 2000,  compared to $384,000 for
the six months ended October 31, 1999.

Liquidity and Capital Resources

         As at  October  31,  2000 and April 30,  2000,  the  Company  had $49.7
million and $42.1 million of cash and cash equivalents respectively.  During the
six months  ended  October 31, 2000,  the  Company's  cash and cash  equivalents
increased by $7.6 million.

Operations

         The  Company  increased  its  investment  in  the  non-cash   operating
components of working  capital  during the six months ended October 31, 2000, by
approximately $9.8 million,  primarily due to increases in accounts  receivables
and decreases in accounts payable and accrued liabilities.

         The Company purchased approximately $4.6 million of fixed assets in the
six months ended  October 31,  2000.  The  purchases  of fixed  assets  included
computer  hardware and software,  office equipment and furniture,  and leasehold
improvements.  During  the six  months  ended  October  31,  2000,  the  Company
increased its  investment in other assets by $1.7 million  related  primarily to
capitalized development costs and purchases of other assets.

Public Share Offering

         During the quarter  ended  October  31,  2000,  the Company  issued 4.0
million  common  shares  to  investors  at a price of $5.60 per  share.  The net
proceeds  from the  offering  after  deducting  underwriting  discount  fees and
expenses were approximately  $20.9 million.  In addition,  subsequent to October
31, 2000 the  underwriters  exercised  an  over-allotment  option to purchase an
additional 600,000 common shares from the Company at a price of $5.60 per share,
the net  proceeds  of  which  after  deducting  underwriting  discount  fees and
expenses were approximately $3.1 million.  On October 5, 2000, the Company filed
a  final  prospectus  with  Canadian   securities   regulators  to  qualify  for
distribution the 4.6 million Common Shares. A registration statement relating to
these  securities  has also been  filed with the United  States  Securities  and
Exchange Commission.

Accounts Receivable and Term Accounts Receivable

         Total  accounts  receivable  increased to $32.2  million at October 31,
2000,  from  $26.9  million  at April 30,  2000.  The  Company  did not sell any
receivables  during the quarter ended October 31, 2000. During the quarter ended
April 30,  2000 the company  sold  accounts  receivable  of $6.7  million.  Term
accounts receivable,  which are accounts receivable with payment dates exceeding
the Company's  customary trade terms,  decreased to $4.9 million,  for the three
months ended October 31, 2000 from $5.5 million on April 30, 2000. Term accounts
receivable  primarily  arise  from the  recording  of revenue  from  irrevocable
commitments to purchase  licenses  ("Irrevocable  Commitment  Licenses").  As of
October 31, 2000 all term accounts receivable are less than one year in length.

Financial Instruments and Credit Facility

         The Company has entered into receivables purchase agreements with third
party  purchasers.  Under the  agreements,  the  Company  has the option to sell
certain accounts receivable on a recourse basis. The purchasers have recourse in
the event of a trade dispute as defined in the receivables  purchase  agreements
and upon the occurrence of other  specified  events.  As at October 31, 2000 and
April 30, 2000, the outstanding balances of accounts receivable sold under these
agreements were approximately  US$3.4 million and US$9.7 million,  respectively.
The Company  believes that none of the receivables sold are at risk of recourse.
These sales meet all of the requirements of SFAS 125,  "Accounting for Transfers
and Servicing of Financial Assets and  Extinguishments  of Liabilities," for off
balance sheet  reporting.  The Company did not sell any  receivables  during the
period ended October 31, 2000.

         The Company has a committed $20 million credit  facility with the Royal
Bank of Canada.  The credit  facility is made up of (i) a $10 million  term loan
facility which bears interest at a rate of 1.5% over the bankers acceptance rate
of the Bank  from time to time and is  payable  on May 1,  2002;  and (ii) a $10
million  revolving  line of credit which bears interest at the prime rate of the
Bank from time to time.  As at October 31, 2000,  the Company had drawn down the
$10 million term loan  facility and fixed the  interest  rate until  January 16,
2001 at 5.86%.  The Company had no  borrowings  against  its  revolving  line of
credit as at October 31, 1999. The Company has granted as collateral for the $20
million credit  facility a general  security  agreement  over JetForm's  assets,
including a pledge of the shares of certain subsidiaries.

         The Company  believes that its existing cash and cash  equivalents will
provide sufficient liquidity to meet the Company's business  requirements in the
foreseeable  future.  However,  should the Company incur operating  losses,  its
ability  to meet its  liquidity  requirements  and to raise  additional  capital
through debt or equity financing may be compromised.


Provision for Restructuring Costs

    On March 17,  1999,  the  Corporation  announced  a  restructuring  plan and
recorded a  provision  for  restructuring  costs of $30.5  million  directed  at
reducing costs. The key restructuring actions included:

     o Consolidation of management responsibilities and reduction in headcount.
     o Closure of redundant  facilities.
     o Reduction  in the  carrying  value of certain  capital  assets  primarily
       related to past  acquisitions.
     o Cancellation of certain commitments and other costs.

    The  following   table   summarizes   the  activity  in  the  provision  for
restructuring costs during the six months ended October 31, 2000:
<TABLE>
<CAPTION>                                            Employee                                 Total
                                                     Termination     Facilities    Other      Provision

                                                    ---------------- ------------ --------- ---------------

           <S>                                          <C>         <C>         <C>           <C>
               Balance, April 30, 2000.............        $ 590       $1,246      $395         $ 2,231
               Cash payments........................        (249)         (74)       --           (323)
                                                    ---------------- ------------ --------- ---------------
               Balance, July 31, 2000..............          341        1,172       395           1,908
               Cash payments.......................          (89)         (50)      (79)           (218)
                                                    ---------------- ------------ --------- ---------------
               Balance, October  31, 2000........           $ 252       $1,122      $316         $ 1,690
                                                    ================ ============ ========= ===============

               Long term balance..................          $ --         $ 935      $ 200        $ 1,135
                                                    ================ ============ ========= ===============
</TABLE>

During the three months ended October 31, 2000 the Company made cash payments of
approximately  $218,000  relating  to  the  provision  for  restructuring  costs
recorded in fiscal year 1999.  This included  $89,000 in salary  continuance for
terminated  employees,  $50,000 in rent for the Company's vacant office space in
the United  Kingdom,  and $79,000 in other  miscellaneous  costs.  The long term
balances primarily relate to facility leases in the United Kingdom.

Item 3.  QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISKS

    The  Company  is  primarily   exposed  to  market  risks   associated   with
fluctuations in interest rates and foreign currency exchange rates.

Interest rate risks

    The Company's  exposure to interest rate  fluctuations  relates primarily to
its  investment  portfolio and its credit  facility  with its bank.  The Company
primarily invests its cash in short-term  high-quality securities with reputable
financial institutions. The interest income from these investments is subject to
interest rate fluctuations  which management  believes would not have a material
impact on the financial position of the Company.

Foreign Currency Risk

    The  Company  has net  monetary  asset and  liability  balances  in  foreign
currencies  other than the Canadian  Dollar,  including the U.S. Dollar ("US$"),
the Pound Sterling  ("GBP"),  the Australian  dollar ("AUD"),  the Swedish Krona
("SEK"),  the German Mark  ("DEM"),  the French  Franc  ("FRF"),  the Irish Punt
("IEP"), the Euro ("EUR"), and the Japanese Yen ("JPY").

     The Company's cash and cash  equivalents are primarily held in Canadian and
U.S. dollars. As a result,  fluctuations in the exchange rate of the U.S. dollar
will have an impact on the Company's reported cash position.




                          PART II -- OTHER INFORMATION

ITEM 1. LEGAL PROCEEDINGS

The Company is not a party to any material legal proceeding.

ITEM 4. SUBMISSION OF MATTERS TO A VOTE OF SECURITY HOLDERS

Each year, the Company's shareholders elect the directors of the Company for the
ensuing year. At the Company's annual meeting of shareholders  held on September
6, 2000 (the "Annual  Meeting"),  the following  individuals were elected to the
board of directors:

John Gleed,  Abraham E.  Ostrovsky,  Stephen A.  Holinski,  Paul Bates,  Patrick
Martin, A. Kevin Francis, Michael Rousseau.

The  following  proposals,  as  more  particularly  described  in the  Company's
Management  Proxy Circular  dated July 21, 2000,  were approved at the Company's
Annual Meeting.
<TABLE>
<CAPTION>
                                                          Votes For           Votes Against or
                                                                                  Withheld

<S>                                                    <C>                      <C>
1.     Election of directors                              6,296,534                58,113

2.     Appointment of PricewaterhouseCoopers LLP as       6,350,003                11,471
       independent auditors for the fiscal year
       ending April 30, 2001.

3.     Amendment to the Corporation's 1995 Stock          5,374,620               972,300
       Option Plan

</TABLE>

ITEM 6. EXHIBITS AND REPORTS ON FORM 8-K

During the three  months ended  October 31,  2000,  the Company did not file any
reports on Form 8-K.


<PAGE>


                                   SIGNATURES

In accordance with the  requirements of the Exchange Act, the registrant  caused
this  report to be  signed on its  behalf  by the  undersigned,  thereunto  duly
authorized.

                                    JetForm Corporation


      December 11, 2000             By:  /s/ A. Kevin Francis
-------------------------------          ---------------------------
             Date                            A. Kevin Francis
                                    Chief Executive Officer and Director

      December 11, 2000              By: /s/ Jeffrey McMullen
-------------------------------          ----------------------------
             Date                            Jeffrey McMullen
                                    Vice President, Finance and Chief Financial
                                                   Officer