J.D. Edwards Reaches $1B Milestone In Another Losing Year
P.J. Jakovljevic - January 11, 2001

Event Summary

On December 4, J.D. Edwards & Company (NASDAQ: JDEC), one of the biggest providers of enterprise applications, reported financial results for the fourth quarter and fiscal year ended October 31, 2000. License fee revenue grew to $137.4 million in Q4, 2000, a 36% increase over license fee revenue of $101.1 million in Q4 1999 (See Figure 1). It represents the second largest quarterly license fee revenue results in company history. Total revenue for Q4 2000 was $277.2 million, compared to revenue of $257.6 million in the same period last year. Net income from normalized operations tripled to $12.3 million, compared to $3.8 million in Q4 1999. Amounts from normalized operations exclude amortization of acquisition-related intangible assets, restructuring and other related costs, and gains on sales of equity investments and product line...