Mid-market ERP provider Lawson Software Inc. yesterday reported that revenue and earnings for the three-month period ended Nov. 30, 2009, fell, but company officials said they are seeing increased sales activity as the economy improves.
“Overall, I would say that when it comes to software purchases, business conditions are not as rosy as they were 18 months ago,” Lawson President and CEO Harry Debes told financial analysts Thursday. “But, based on our pipeline and sales activity, we believe that there are some real signs of a gradual recovery.”
In light of that optimism, Lawson yesterday also said it plans to acquire privately held healthcare industry software provider Healthvision Solutions Inc. for $160 million in cash.
Lawson reported second-quarter revenue of $184.4 million, down 11% compared with second-quarter 2009 revenue of $206.4 million. The company had $28.4 million in software license revenue in the period, down 6% year over year.