• The Four Hundred
  • Subscribe
  • Media Kit
  • Contributors
  • About Us
  • Contact
Menu
  • The Four Hundred
  • Subscribe
  • Media Kit
  • Contributors
  • About Us
  • Contact
  • Lawson Reports Preliminary Q4 Results, Loses CFO, and Buys CAS

    July 31, 2006 Dan Burger

    Lawson Software, in its first quarterly financial report since finalizing the acquisition of Intentia International, is expected to report a net loss of between $9.3 million and $12.8 million. The company reported late last week that these numbers were “preliminary” and are pending the completion of tabulations of Intentia’s financial figures. Lawson acquired Intentia on April 24, 2006. The information released is also based on unaudited results for the legacy Lawson operations. Lawson’s fiscal fourth quarter and fiscal year ended May 31.

    According to a Lawson press release, the company expects consolidated (Lawson and Intentia) revenues between $125 million and $126.6 million for the quarter. Included in that estimation is license revenues of $19 million to $19.5 million. Excluded from the results is the deferred maintenance and service revenue of between $3 million and $3.5 million that was written down under the accounting method used for the Intentia acquisition.

    For the entire fiscal year 2006, the company expects total consolidated revenue to hit a mark between $389.6 million and $391.2 million, including license revenues of $70.8 million to $71.3 million.

    Lawson cites the compressed time frame between the closing date of the acquisition and Lawson’s fiscal year end, as the reason for the estimated financials. The company anticipates using the Securities and Exchange Commission’s 15-day extension period for filing its audited financial statements.

    Excluding the impact of Intentia’s results, Lawson is reporting increased revenues in every category when comparing numbers year-to-year and fourth quarter 2006 to fourth quarter 2005.

    Looking at a quarterly comparison, total revenue for the legacy Lawson business was $94.6 million, an increase of 9 percent. License fees were $18.4 million, compared with $17.4 million last year. Maintenance revenues were $47.2 million, compared with $43.9 million last year. Consulting services revenues were $29 million, compared with $25.5 million last year.

    On a full-year basis and excluding the impact of the partial quarter of Intentia’s results, Lawson’s revenues totaled $359.2 million, an increase of 7 percent. License fees were $70.2 million, an increase of 22 percent. Maintenance revenues were $180.8 million, an increase of 6 percent. Consulting services revenues were $108.2 million, up 1 percent.

    Overseeing the completion of the company’s financial reporting is chief financial officer, Robert Barbieri, who will be leaving the company October 31. Barbieri has served as Lawson’s executive vice president and CFO since August 2000. Although the timing of this move might raise some eyebrows, Barbieri said in a company-prepared statement to the press that he is “fully supportive of the plans for the combined Intentia and Lawson businesses, and I continue to believe in the company and its leadership, people, financial health, and future.” He also left the door open to possibly departing before October 31, if he has completed his transition. Lawson’s board of directors will conduct a search for Barbieri’s successor and announced it will name Stefan Schulz, Lawson senior vice president and global controller, as acting chief financial officer, if a replacement is not found by the end of October.

    In addition to announcing its unaudited financials, Lawson also announced the acquisition of Competency Assessment Solutions (CAS), a provider of Web-based performance management software for the healthcare industry. The CAS acquisition extends Lawson’s existing set of healthcare applications and addresses compliance-related issues in that field. CAS is based in Princeton, New Jersey.

    Share this:

    • Reddit
    • Facebook
    • LinkedIn
    • Twitter
    • Email

    Tags: Tags: mtfh_rc, Volume 15, Number 30 -- July 31, 2006

    Sponsored by
    LaserVault

    Integrate Virtual Tape For Better Backups, Faster Recovery, And More Flexibility

    Virtual tape and virtual tape libraries offer a way to both simplify and strengthen backup and recovery operations. By incorporating virtual tape technology, automation of backups becomes possible resulting in hundreds of hours saved annually for IT departments and personnel.

    LaserVault ViTL is a virtual tape and tape library solution developed specifically for use with IBM Power Systems (from AS/400 to iSeries to Power 9s). See a demo and get a $50 gift card.

    With ViTL you can:

    • Replace physical tape and tape libraries and associated delays
    • Automate backup operations, including the ability to purge or archive backups
    • Remotely manage your backups – no need to be onsite with your server
    • Save backups to a dedupe appliance and the cloud
    • Recover your data at lightspeed greatly improving your ability to recover from cyberattacks
    • And so much more

    “The ViTL tapeless solution has truly made my job easier. It has given me more confidence in our full system recovery ability – but at the same time I hope it is never needed.” IBM i Administrator at a financial services company

    Sign-up now to see a ViTL online demo and get a $50 Amazon e-gift card when the demo is complete as our way of saying thanks for your time. Plus when you sign-up you’ll receive a free facts comparison sheet on using virtual tape vs tape so you can compare the functionality for yourself.

    LaserVault.com

    Share this:

    • Reddit
    • Facebook
    • LinkedIn
    • Twitter
    • Email

    Admin Alert: Automatic Ways to Assign Group Authorities to an Object Print PC Documents to iSeries Printers

    Leave a Reply Cancel reply

TFH Volume: 15 Issue: 30

This Issue Sponsored By

    Table of Contents

    • Agilysys Blames Fiscal Q1 Sales Weakness on IBM ‘Proprietary Servers’
    • Everybody Loves SOA, Aberdeen Survey Says
    • Bang for the Buck: Baby i5 Servers Versus Windows and Linux Boxes
    • IT Shops Expect iSCSI and Fibre Channel to Co-Exist
    • IBM Creates a Performance-Based Pricing Scheme for Software
    • Lawson Reports Preliminary Q4 Results, Loses CFO, and Buys CAS
    • New Vendors Join SOA Collaboration Group
    • Logility’s Sales Rocket Skyward in Fiscal Q4
    • As I See It: Productivity and Relationship
    • The Blogosphere Says the IRS Uses the iSeries to Manage Bill Gates’ Personal Taxes

    Content archive

    • The Four Hundred
    • Four Hundred Stuff
    • Four Hundred Guru

    Recent Posts

    • COMMON Set for First Annual Conference in Three Years
    • API Operations Management for Safe, Powerful, and High Performance APIs
    • What’s New in IBM i Services and Networking
    • Four Hundred Monitor, May 18
    • IBM i PTF Guide, Volume 24, Number 20
    • IBM i 7.3 TR12: The Non-TR Tech Refresh
    • IBM i Integration Elevates Operational Query and Analytics
    • Simplified IBM i Stack Bundling Ahead Of Subscription Pricing
    • More Price Hikes From IBM, Now For High End Storage
    • Big Blue Readies Power10 And IBM i 7.5 Training for Partners

    Subscribe

    To get news from IT Jungle sent to your inbox every week, subscribe to our newsletter.

    Pages

    • About Us
    • Contact
    • Contributors
    • Four Hundred Monitor
    • IBM i PTF Guide
    • Media Kit
    • Subscribe

    Search

    Copyright © 2022 IT Jungle

    loading Cancel
    Post was not sent - check your email addresses!
    Email check failed, please try again
    Sorry, your blog cannot share posts by email.