• The Four Hundred
  • Subscribe
  • Media Kit
  • Contributors
  • About Us
  • Contact
Menu
  • The Four Hundred
  • Subscribe
  • Media Kit
  • Contributors
  • About Us
  • Contact
  • Lawson Cancels Chat with Wall Street on Fiscal Q3 Numbers

    April 4, 2011 Timothy Prickett Morgan

    The top brass at Lawson Software aren’t in the mood to talk to Wall Street.

    The company is weighing a $1.83 billion takeover offer from Infor, and rumors are swirling around that Oracle may take a run at the enterprise application software maker, too. And thus, instead of attending their quarterly conference call with Wall Street analysts last Thursday, Lawson’s execs kicked out a PDF of their prepared comments, posted the financial tables, and zipped their lips about everything that is going on.

    In the quarter ended February 28, Lawson’s sales rose by 5 percent, to $196 million. Software license fee revenues were up 6 percent, to $33.8 million, while maintenance revenues rose by 9 percent, to $97.5 million. Consulting revenues were down a fraction of a percent at $64.8 million. Thanks to some tax benefits and $4.3 million in other income, Lawson’s net income came in at $21.4 million, up by a factor of 13 compared to the year-ago period.

    For the last nine months, Lawson had $558.1 million in revenues, up 3 percent, and net income is more than quadrupled to $43 million. The company exited the quarter with $311.3 million in cash and equivalents at the end of February, with $232.7 million in debts.

    In its prepared comments, Lawson said that total software and subscription contracting was up 27 percent in the quarter, with contracting for both the S3 (Lawson) and M3 (Intentia) products rising and with increases in all three of its key geographies. Across both the S3 and M3 lines, average deal sizes were on the rise, up 21 percent, and the company inked 313 deals in fiscal Q3.

    S3 software and subscription contracts were up 37 percent, and booked license revenues in the quarter were up 20 percent. The healthcare industry accounted for five of the six largest S3 deals that Lawson did in Q3. Sales of S3 software to state and national governments was muted, given the budget cutting that is going on.

    The M3 product line, which has a strong OS/400 and i heritage, saw contracting rise by 13 percent in the quarter. M3 operating margins were only 8 percent and are well shy of the 25 percent that the S3 line attained in the quarter, but they are moving in the right direction, up from 3 percent in the fiscal second quarter.

    RELATED STORIES

    Oracle to Take a Run at Lawson Software?

    Infor Makes a $1.83 Billion Bid for Lawson

    Lawson Updates M3 Suite of ERP Apps for i/OS

    Lawson Buys Enwisen, Posts Decent Fiscal Q2

    Lawson Trims Installation Times for Fashion Customers

    Lawson Says S3 Selling Nicely, and M3 Is Recovering

    Lawson Boosts Sales, But Costs Cut Profits in Fiscal Q4

    Activist Investor Icahn Puts the Squeeze on Lawson Software

    Lawson Unveils Software for Running Internal Clouds

    Lawson’s New Amazon Cloud-Based ERP Supports Customization

    Lawson Updates M3 Suite of ERP Apps for i/OS

    Lawson Bets More Heavily on Healthcare



                         Post this story to del.icio.us
                   Post this story to Digg
        Post this story to Slashdot

    Share this:

    • Reddit
    • Facebook
    • LinkedIn
    • Twitter
    • Email

    Tags:

    Sponsored by
    Manta Technologies

    The Leader in IBM i Education!
    Need training on anything i?
    Manta is all you need.

    130 courses and competency exams on:
    · IBM i operations
    · System Management and Security
    · IBM i Programming Tools
    · Programming in RPG, COBOL, CL, Java
    · Web Development

    SQL, DB2, QueryProduct features:
    · Runs in every popular browser
    · Available 24/7/365
    · Free Student Reference Guides
    · Free Student Administration
    · Concurrent User License
    · Built-In IBM i Simulator

    You can download our 200-page catalog and take sample sessions at MantaTech.com

    Share this:

    • Reddit
    • Facebook
    • LinkedIn
    • Twitter
    • Email

    Security of SecurID In Question Following Hack of RSA Infor Debuts Standardized GUI Based on MS SharePoint

    Leave a Reply Cancel reply

Volume 20, Number 12 -- April 4, 2011
THIS ISSUE SPONSORED BY:

Help/Systems
CCSS
ManageEngine
Linoma Software
WorksRight Software

Table of Contents

  • Rocket Software Bulks Up i Biz with Aldon Acquisition
  • AS/400 i Mystery Solved–Again?
  • Oracle to Take a Run at Lawson Software?
  • Mad Dog 21/21: Boiling the Ocean
  • IBM’s Brill Says Email is Overrated
  • U.S. Economy Whittles Down Unemployment Rate in March
  • Gartner Pads 2011 Spending Forecast with Media Tablets
  • IBM Markets Power Systems-i Through an Email Blast
  • Lawson Cancels Chat with Wall Street on Fiscal Q3 Numbers
  • IBM i Manifest Americas Faces New Dilemma

Content archive

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

Recent Posts

  • With Power11, Power Systems “Go To Eleven”
  • With Subscription Price, IBM i P20 And P30 Tiers Get Bigger Bundles
  • Izzi Buys CNX, Eyes Valence Port To System Z
  • IBM i Shops “Attacking” Security Concerns, Study Shows
  • IBM i PTF Guide, Volume 27, Number 26
  • Liam Allan Shares What’s Coming Next With Code For IBM i
  • From Stable To Scalable: Visual LANSA 16 Powers IBM i Growth – Launching July 8
  • VS Code Will Be The Heart Of The Modern IBM i Platform
  • The AS/400: A 37-Year-Old Dog That Loves To Learn New Tricks
  • IBM i PTF Guide, Volume 27, Number 25

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 © 2025 IT Jungle