DENVER, 4 december 2002 – J.D. Edwards & Company (Nasdaq: JDEC) heeft haar operationele resultaat, in het op 31 oktober afgesloten (vierde kwartaal van het) fiscale jaar 2002, sterk weten te verbeteren ten opzichte van het derde kwartaal in 2002 en het fiscale jaar 2001.
“Als ik de resultaten van J.D. Edwards bekijk, dan wordt onze groei het best geïllustreerd door drie ontwikkelingen. Ten eerste onze doorlopende groei in licentie-inkomsten. In het vierde kwartaal bedroeg die 35% ten opzichte van het derde kwartaal in 2002. Ten tweede, de Pro Forma winst per aandeel. In fiscaal jaar 2002 is deze gegroeid met 70% vergeleken met FY 2001. Op de derde plaats komt de gerealiseerde cash flow. In fiscaal jaar 2002 bedroeg die 140 miljoen dollar. Deze resultaten laten zien dat J.D. Edwards een gezond bedrijf is: een goede strategie, uitstekend producten en diensten en met goede vooruitzichten voor het komende jaar”, zei J.D. Edwards CEO en President Bob Dutkowsky.
Voor meer informatie zie onderstaand Engelstalig persbericht.
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J.D. EDWARDS REPORTS FINANCIAL RESULTS FOR THE QUARTER AND FISCAL YEAR ENDED OCTOBER 31, 2002
License Fee Revenue Grows 35% Sequentially in the Fourth Quarter and Pro forma Earnings Per Share Reach $0.13; Pro Forma Earnings Per Share Growth Exceeds 70% in Fiscal Year
DENVER, December 3, 2002 – J.D. Edwards & Company (Nasdaq: JDEC) today reported financial results for the fourth quarter and fiscal year ended October 31, 2002.
Total revenue for the fourth quarter of fiscal 2002 was $247 million. License fee revenue grew to $74 million in the quarter ended October 31, 2002, a 35% increase over license fee revenue of $55 million in the third quarter of fiscal 2002. Services revenue was $173 million. Pro forma net income grew to $16 million, or $0.13 per diluted share, compared to $10 million, or $0.08 per diluted share, in the third quarter of fiscal 2002.
For the fiscal year ended October 31, 2002, total revenue was $904 million. Pro forma net income for fiscal 2002 was $38 million, or $0.31 per diluted share, compared to $20 million, or $0.18 per diluted share, in fiscal 2001. The Company uses an assumed 40% tax rate to calculate the pro forma income tax effect.
Actual net income, including acquisition-related charges, other charges and income taxes at actual rates, was $37 million, or $0.31 per diluted share for the fourth quarter of fiscal 2002, compared to $18 million, or $0.16 per diluted share for the same period of fiscal 2001. Actual net income for the fiscal year ended October 31, 2002 was $46 million, or $0.38 per diluted share, compared to a loss of $180 million, or a loss of $1.61 per share for the fiscal year ended October 31, 2001. The net loss for fiscal 2001 included an income tax provision of $131 million which reflected a non-cash valuation allowance to fully reserve for our deferred tax assets. The net income for fiscal 2002 included a tax benefit of $13 million primarily due to a one-time tax benefit from an election to carry-back tax net operating losses to the prior five years under a recent Internal Revenue Code amendment. A reconciliation from actual results to pro forma results is provided as supplemental information on the attached “Consolidated Statements of Operations.”
“When I reflect on the results we just reported, there are three metrics that best illustrate our progress,” said J.D. Edwards Chairman, President and CEO, Bob Dutkowsky. “First is our sequential license fee growth of 35 percent for the fourth quarter. Second is our pro forma earnings per share growth of over 70 percent for the year. And third is the $140 million in cash flow we generated from operations over the course of the year. Software growth, earnings growth, and cash generation are measures of a healthy, well-run business. Our fourth quarter and fiscal 2002 results demonstrate that our strategies are sound, our management team is solid, and our global execution continues to improve.”
Highlights
Customer transactions and other recent highlights include:
· Signed new license agreements. The Company signed agreements for its collaborative solutions with customers including, Medtronic, Inc., Wal-Mart Stores, Incorporated, GE Transportation Systems, Ball Corporation, The ServiceMaster Company L.P., Longview Fibre Company, The Shaw Group, Inc., Farmer Brothers Coffee Company, Navajo Nation, Skanska USA Building, Inc., Alticor Inc., and Standard Commercial Corporation in the United States; Central Care Health Services Ltd. in Canada; Comercial Mexicana de Pinturas S.A. de C.V. in Latin America; Sir Robert McAlpine Limited, Punch Pub Company (PTL) Limited, Johnson Matthey PLC, L.V.M.H. (Louis Vuitton), and Hansen & Rosenthal KG in Europe; and Fisher & Paykel Appliances Limited and New Zealand Dairy Foods Limited in Australia/New Zealand.
· Delivered enhanced supply chain management functionality. J.D. Edwards released Demand Consensus 2.0, the latest version of the Company’s collaborative forecasting applications, which enables businesses to more accurately predict demand based on input from different stakeholders.
· Released enhanced customer relationship management functionality. J.D. Edwards announced its latest version of Advanced Order Configurator, a CRM application that speeds the made-to-order product purchase process by giving sales representatives and customers the real-time capability to visualize different variations of a specific product.
· Announced standardization of J.D. Edwards business applications on IBM infrastructure technology. J.D. Edwards will standardize its applications on IBM’s infrastructure or “middleware.” J.D. Edwards applications will be pre-integrated with IBM’s WebSphere Application Server and Portal with embedded security and Lotus collaboration tools, and DB2 Universal Database. This combination creates the industry’s most comprehensive, pre-integrated package of applications and infrastructure technology based on industry-standard technologies.
· Announced native support for J.D. Edwards 5 Supply Chain Management applications on the IBM eServer iSeries platform. J.D. Edwards plans to make its Advanced Planning modules available native on the iSeries in phases, beginning in early 2003. This demonstrates J.D. Edwards’ continued commitment to lowering total cost of ownership for its customers by offering open, standards based solutions on platforms specifically tailored for the mid-market to mid-cap companies.
· Released latest version of extended Process Integration (XPI). The Company released its latest version of XPI middleware software, which enables companies to collaborate with multiple suppliers, customers and business partners by linking their disparate systems and applications. Among the enhancements for the latest version of XPI are numerous new Extended Business Processes and full native support for Web Services.
Signed global OEM technology agreement with Apropos Technology to broaden customer relationship management offering. J.D. Edwards will embed a private-label version of Apropos’ Multi-channel Integration Management Suite with its customer relationship management application. With this new offering, J.D. Edwards will be the among the first in the industry with a “unified queue” to prioritize, escalate and report on all interactions in the contact center, driven through one set of business rules, one set of user profiles and one common reporting engine.
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Over J.D. Edwards
J.D. Edwards (Nasdaq: JDEC), leverancier van collaborative bedrijfssoftware, ondersteunt organisaties bij de optimalisatie van interne en externe bedrijfsprocessen. De onderneming biedt advies, training en diensten rond J.D. Edwards 5, haar totaalpakket bedrijfsoplossingen. J.D. Edwards 5 omvat een volledige reeks geïntegreerde modules op het vlak van Enterprise Resource Planning, Supply Chain Management, Customer Relationship Management, Supplier Relationship Management, Collaboration & Integration, Business Intelligence en Tools & Technology.
Klanten van J.D. Edwards bepalen zelf in intensief overleg en in nauwe samenwerking met J.D. Edwards, welke deeloplossing ze op welk tijdstip inzetten. Zo ontstaan er gebruiksvriendelijke, duurzame en resultaatgerichte oplossingen.
J.D. Edwards richt zich op langdurige relaties met zijn klanten. Momenteel ondersteunt de onderneming 6.500 klanten in 113 landen en telt wereldwijd 78 filialen. Het hoofdkantoor is gevestigd in Denver, Verenigde Staten. De Nederlandse vestiging bevindt zich in Baarn. Meer informatie vindt u op de website: www.jdedwards.nl.
Voor meer informatie:
J.D. Edwards
Ingrid Wong
Ingrid_wong@jdedwards.com
035-548 0231
Whizpr
Peter Sips
jde@whizpr.nl
0317-410 483