Software // Enterprise Applications
News
6/27/2003
10:53 AM
50%
50%

Lawson Struggles Through Tough Year

The ERP vendor had a big drop in sales and net income in fiscal 2003, though it scored several big wins in the fourth quarter

This past year was a tough one for Lawson Software Inc. The enterprise resource planning vendor reported an annual net loss of $3.8 million for fiscal 2003 on revenue of $344.3 million, a big drop from last year's net income of $8.4 million on revenue of $428.3 million.

For the fourth quarter ended May 31, the company on Thursday reported net income of $2.2 million on revenue of $90.7 million, compared with $1.1 million on revenue of $107 million in the year-ago quarter. Net income for the quarter included the benefit of restructuring adjustments and non-cash expenses; on a normalized basis, net income was $2.9 million for the fourth quarter.

License fee revenue for 2003 was $77.6 million, compared with $150.2 million a year ago. Services revenue was $266.7 million, compared with $278.1 million a year ago.

Jay Coughlan, Lawson president and CEO, said in a statement that the company remains "100% focused on meeting the needs of our customers," and will not be distracted by the recent events that have "created speculation and confusion in the software marketplace." Coughlan pointed to the new customers the company adds to its list each quarter; Lawson signed 184 contracts in the fourth quarter, and of the total licensing activity, about 47.5% came from new customers. Five of the software licensing contracts signed were valued at more than $1 million each. Significant wins included the Mayo Clinic, COOP Sweden AB, and Northrop Grumman Information Technology.

Comment  | 
Print  | 
More Insights
Building A Mobile Business Mindset
Building A Mobile Business Mindset
Among 688 respondents, 46% have deployed mobile apps, with an additional 24% planning to in the next year. Soon all apps will look like mobile apps and it's past time for those with no plans to get cracking.
Register for InformationWeek Newsletters
White Papers
Current Issue
InformationWeek Tech Digest, Dec. 9, 2014
Apps will make or break the tablet as a work device, but don't shortchange critical factors related to hardware, security, peripherals, and integration.
Video
Slideshows
Twitter Feed
InformationWeek Radio
Archived InformationWeek Radio
Join us for a roundup of the top stories on InformationWeek.com for the week of December 7, 2014. Be here for the show and for the incredible Friday Afternoon Conversation that runs beside the program!
Sponsored Live Streaming Video
Everything You've Been Told About Mobility Is Wrong
Attend this video symposium with Sean Wisdom, Global Director of Mobility Solutions, and learn about how you can harness powerful new products to mobilize your business potential.