Struggling ERP vendor JD Edwards reported a dip in profits for the fourth quarter, but managed to beat Wall Street's expectations.
Revenue for the period ending 31 October 1999 was $257.6 million, compared to $307.1 million for the same period a year earlier.
Net income was $3.8 million or 3 cents per diluted share - compared to analysts' expectations of 1 cent per share. Net income for the fourth quarter a year before was $37.7 million or 34 cents per share.
The company said license fee revenue had risen 35 per cent to $101 million from the year before. Service revenue was slightly down at $156.6 million, compared to $163.6 million.
For the full year, JD Edwards made a net loss of $39.2 million or 37 cents per share, including acquisition related costs.
The company reported revenue of $944.2 million for 1999, a slight rise on the $934 million reported a year earlier.
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