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Sales Jump And Cost-Cutting Fuel Profitable Quarter For J.D. Edwards

Enterprise software vendor J.D. Edwards & Co. (JDEC-Nasdaq) turned in surprisingly strong fourth-quarter results, reporting a $20.4 million profit for the quarter ended Oct. 31, up from $12.3 million a year ago. CEO Edward McVaney credits aggressive sales in the post-Sept. 11 business environment and cost-cutting at the company for the gain. Revenue for the quarter fell to $235.4 million, ...
Enterprise software vendor J.D. Edwards & Co. (JDEC-Nasdaq) turned in surprisingly strong fourth-quarter results, reporting a $20.4 million profit for the quarter ended Oct. 31, up from $12.3 million a year ago. CEO Edward McVaney credits aggressive sales in the post-Sept. 11 business environment and cost-cutting at the company for the gain. Revenue for the quarter fell to $235.4 million, compared with $277 million in the year-ago quarter.