Lawson Software Braves IPO And Reports Strongly Against The Odds
P.J. Jakovljevic - January 17, 2002

Event Summary

On December 20, Lawson Software, Inc. (Nasdaq: LWSN), a provider of Web-based business applications for specific service industries, reported total revenues for its second quarter of fiscal 2002 ended November 30, 2001, of $95.1 million, which a 15.5% increase from total revenues of $82.3 million in its fiscal 2001 second quarter. For Q2 2002, license fee revenue totaled $30.1 million, up 16.6% from $25.8 million in Q2 2001. Services revenues for Q2 2002 totaled $65.0 million, up 15% from $56.5 million in the comparable fiscal 2001 period. As-reported net income for the quarter was $138,000, compared with $1.7 million a year ago. The company's cash and investments were $28.1 million at November 30, 2001...