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by Emily-Sue Sloane, MA Editorial Staff
Posted on Tuesday, January 08, 2008 4:42:00 PM Sign Up to receive Daily News Alerts in your E-mail Inbox   | Abstract: | ERP vendor's acquisition and restructuring strategies pay off as sales increase in all product lines and markets. |
| Keywords: | Lawson financials, Lawson second quarter |
Lawson Software Inc.'s turnaround strategy continued apace, as the ERP provider reported healthy growth in its second fiscal 2008 quarter, ended Nov. 30, 2007. The company reported revenue of $218.6 million, up 18% from $184.5 million a year earlier, reflecting double-digit increases in all of its revenue lines. License revenue rose 50%, to $33 million, while maintenance revenue grew 19%, to $84.7 million, and consulting revenue gained 10%, to $100.9 million. GAAP net income was $3.7 million, or $.02 per share, reversing a year-earlier loss of $3.5 million, or $.02 per share. [Click to continue]  |
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