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Technology / AI and automation

Lawson Q2 net income up 13%

Operating income during the quarter fell 8% to $10.85m, while diluted EPS grew 50% to $0.3. The cash, cash equivalents, marketable securities, and investments were $312.7m. It signed 256 deals, compared to 331 deals in the same period last year, with 16 new customer deals compared with 37 in the year-ago quarter.

Lawson said maintenance revenue grew 6% to $90.08m, while license revenue fell 9% to $30.06m and consulting revenue fell 15% to $86.2m. Geographically, the Americas region represented 56% of total revenue, EMEA represented 40%, and Asia-Pacific/Australia-New Zealand represented 4%.

For the six-month period, the company reported net income of $1.7m compared to $9.3m in the same period last year, on revenue down 25% at $397.3m.

Harry Debes, president and chief executive at Lawson, said: We met our revenue guidance and the high-end of our earnings guidance. Our primary goal for the quarter was to improve non-GAAP operating margin. We accomplished that goal, and achieved the highest level of operating margin since the merger with Intentia in April 2006.

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Looking ahead to the third quarter, the company expects revenue between $183m and $187m and diluted EPS between $0.03 and $0.06.

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CBR Staff Writer

CBR Online legacy content.