JDE reports improved performance

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JD. Edwards has improved its second-quarter earnings on sales that stayed relatively flat.

The company reported net income of $3.5 million on revenue of $223.6 million for the quarter ended 30th April 2002. That compares to a loss of $7.5 million on revenue of $221.9 million for the comparable period last year.

But while the company total revenue rise slightly, license revenue for its software products fell 13 per cent over the same quarter last year. Services revenue rose about 7 per cent.

Looking ahead third-quarter software sales will be $58 million and services revenue will be $163 million. "We're realistic about the health of the global economy and the profound impact it's had on the enterprise software market," said chief executive Bob Dutkowsky.

The company last week released version 5 of its software, which it expects to see revenue coming from towards the end of July. "Over time, the architecture over which J.D. Edwards 5 is built will help us make the company more productive," said Dutkowsky.


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