View all newsletters
Receive our newsletter - data, insights and analysis delivered to you
  1. Technology
October 1, 2010

Lawson Software Q1 revenues increase marginally to $175m

Expects revenue to be in the range of $184m to $189m for Q2 2011

By CBR Staff Writer

Lawson Software has reported net revenues of $175m for the first quarter 2011, an increase of 4% compared to $169m for the same period last year.

Revenues from license fee decreased 4% year-over-year to $25m, while maintenance services revenue grew 9% to $95m.

The company posted an operating income of $18m for the first quarter of 2011, a decrease of 13%, compared to $19m for the same period last year.

For the quarter ended 31 August 2010, the company posted a net income of $10m, or $0.06 per share, as compared to $6m, or $0.04 per share, for the same period last year.

Lawson Software president and chief executive officer Harry Debes said that strong Q1 performance gives the company a good start to their fiscal year.

"Total non-GAAP revenues grew nearly 5% and the company posted a non-GAAP operating margin of approximately 17% and non-GAAP EPS of $0.11, both increasing over last year," Debes said.

Content from our partners
Rethinking cloud: challenging assumptions, learning lessons
DTX Manchester welcomes leading tech talent from across the region and beyond
The hidden complexities of deploying AI in your business

Lawson Software anticipates net revenue in the second quarter of 2011 to be in the range of $184m to $189m and net income to be in a range of $0.04 to $0.05 per diluted share.

Websites in our network
Select and enter your corporate email address Tech Monitor's research, insight and analysis examines the frontiers of digital transformation to help tech leaders navigate the future. Our Changelog newsletter delivers our best work to your inbox every week.
  • CIO
  • CTO
  • CISO
  • CSO
  • CFO
  • CDO
  • CEO
  • Architect Founder
  • MD
  • Director
  • Manager
  • Other
Visit our privacy policy for more information about our services, how Progressive Media Investments may use, process and share your personal data, including information on your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.
THANK YOU