ERP Equals Earnings Per Share

J.D. Edwards reports profits for fourth quarter, fiscal year 2001

Denver  December 4, 2001  Venerable supply chain software provider J.D. Edwards & Company this week reported 2001 fiscal year profits of $20.3 million on a strong fourth quarter that saw the company step into the customer relationship management (CRM) market with the acquisition of CRM supplier YOUcentric in November.

J.D. Edwards, a top provider of enterprise resource planning (ERP) systems, reported total revenue for the fourth quarter of fiscal 2001, ending October 31, of $235.4 million, with net income from normalized operations increasing to $20.4 million (or $0.18 per share) against a loss of $3.2 million (or $0.03 per share) in the third quarter.

The amounts from normalized operations exclude certain items, such as acquisition-related charges and losses on equity investments.

License fee revenue for the fourth quarter grew to $76.9 million, a 54 percent increase over the third quarter figure of $50.0 million. Services revenue inched up to $158.6 million in the fourth quarter, against $154.2 million in the previous quarter.

For the fiscal year ended October 31, total revenue was $874.0 million, with net income from normalized operations of $20.3 million (or $0.18 per share), compared to $4.9 million (or $0.04 per share) in fiscal 2000.

"We saw improvements in many aspects of our business this quarter," said C. Edward McVaney, J.D. Edwards' CEO, chairman and president. "In addition to strong sequential growth in revenue and earnings driven by solid execution by our sales and services teams and focus on cost controls, we generated nearly $60 million in cash flow from operations."

In November, J.D. Edwards completed its acquisition of YOUcentric, a provider of Java-based CRM software, including applications for sales force automation, campaign management, contact center management, and partner relationship management. J.D. Edwards is looking to the acquisition to help the company quickly capture demand in the CRM market.