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by Jeff Moad, MA Editorial Staff
Posted on Wednesday, October 04, 2006 5:54:00 PM Sign Up to receive Daily News Alerts in your E-mail Inbox    | Abstract: | Acquisition of Intentia contributes to an 84% revenue spike in the period, but integration costs and operational disruptions take a toll on the bottom line. |
| Keywords: | Lawson, Intentia, ERP, enterprise planning software, M3, S3, Movex |
Thrown by a more-difficult-than-expected integration of recently acquired Intentia International AB, Lawson Software Inc. reported a "disappointing" drop in license revenue and a $15.8 million loss in its first fiscal quarter, ended Aug. 31. In the first quarter -- Lawson's first three-month period to include full financial results from Intentia -- the company reported revenues of $161.8 million, up 84% compared to the corresponding time frame last year. The revenue spike was largely due to the addition of Intentia, said Lawson President and CEO Harry Debes. Lawson's first quarter net loss compared to a $4.2 million profit reported in the like period last year. "The integration of our international operations and the orientation of our sales and service employees had more impact than we anticipated," Debes said in explaining the post-merger complications that contributed to the company's disappointing first-quarter results. "But I am confident that this is now behind us." [Click to continue] |
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