Software supplier JD Edwards claims growing acceptance of its One World enterprise resource planning package helped it beat analysts' expectations for its third quarter results.
Revenue for the three months ending 31 July increased 47 per cent to $239.6 million, compared to $162.5 million last year. Licence fee revenue was $98.1 million, up 66 per cent, with services revenue increasing 37 per cent, from $103.6 million to $141.5 million.
Net income for the quarter rose 150 per cent to $18.1 million, or 16 cents a share, compared to last year's $7.2 million. Wall Street analysts had predicted 13 cents a share.
While JD Edwards still derives most of its licence fee revenues from the AS/400 market, the company said One World products now accounted for 20 per cent of its sales, compared to last year's 11 per cent.
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