On May 24, J.D. Edwards & Company reported financial results for the second quarter which ended April 30, 2000. Earlier in the same week, J.D. Edwards announced a strategic restructuring aimed at reducing costs and strengthening the company’s position as 'a leading provider of software solutions for collaborative commerce'.
grew 22% over the same period last year, to $81.7 million. Services revenue was $149.3 million, compared to $164.4 million in the second quarter of fiscal 1999. Net loss for the quarter, including acquisition-related charges, was $2.3 million, or $0.02 per share, compared to net loss of $10.4 million, or $0.10 per share in the second quarter of fiscal 1999. At the end of the second quarter of fiscal 2000, the Company had over $400 million of cash and investments. Figure 1. Earlier in the same week, J.D.