Lawson Back in the Black as Fiscal 2007 Closes
July 30, 2007 Timothy Prickett Morgan
ERP software maker Lawson Software celebrated the one-year anniversary of its acquisition of sometime rival Intentia International by getting back into the black during its fourth quarter of fiscal 2007, which ended on May 31. For the quarter, Lawson booked sales of $212.9 million, up 69 percent mostly because of the addition of Intentia. More importantly, as far as Lawson shareholders are concerned, Lawson had a net income of $8.1 million in the quarter, a lot better than the $4.8 million loss it had a year ago. During the quarter, software license fees rose by 111 percent to $40.6 million, |