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J.D. Edwards & Company (Nasdaq: JDEC) today reported financial results for the first quarter ended January 31, 2001. Total revenue and license fee revenue were within the preliminary ranges reported on February 5, 2001. Earnings per share from normalized operations were above the preliminary estimate.

Revenue for the first quarter of fiscal 2001 was $217.7 million, compared to revenue of $231.7 million in the first quarter of fiscal 2000. License fee revenue was $82.7 million in the first quarter of fiscal 2001, compared to $83.3 million in the same period last year. Net income from normalized operations was $191,000, or $0.00 per diluted share, compared to a net loss from normalized operations of $31,000, or $0.00 per share, in the first quarter of fiscal 2000. Amounts from normalized operations exclude amortization of acquisition-related intangible assets, restructuring and other related costs, and gains on sales of equity investments and product line.

“I’m very optimistic about the future of J.D. Edwards,” said C. Edward McVaney, President and Chief Executive Officer. “I’m pleased with the changes made to build our leadership team and I’m confident we’re moving in the right strategic direction, as evidenced by the strength of our collaborative solutions. We are rapidly bringing customers live on our 100% web-enabled product, OneWorld Xe, with over 80 live customers after just a few months of general availability.”

Highlights

Customer transactions and other recent highlights include:

- Signed new license agreements. The company signed agreements for its collaborative solution, OneWorld Xe, with customers including Datascope Corporation, Clopay Corporation, Omnisource Corporation, Sunrise Medical, WS Atkins Limited, and Wright Medical Group, Inc. The company also signed new agreements with Alltel Corporation and Skandia Insurance Company.

- Continued momentum with supply chain planning solutions. Companies that have recently purchased our supply chain planning solutions include Baxter Healthcare Corporation, New World Pasta, Yazaki Europe Limited, and Vilimorin, Clause & Compagnie. Companies are selecting J.D. Edwards for its fully integrated advanced planning and fulfillment solutions and the significant value they deliver.

- Significant number of live OneWorld Xe customers. Over 80 customers are using OneWorld Xe in a live environment. This is a significant achievement as the product was just released in September 2000. Live OneWorld Xe customers include Ainsworth, Inc., Ecostar Electronic Drive Systems, Wright Medical Group, Inc., Batesville Casket Company, Appleton Coated L.L.C., and Plexus Corporation.

- Released XPI (Extended Process Integration) for general availability. XPI’s “any-to-any” integration capability enables companies to collaborate with multiple suppliers, customers and business partners by linking their disparate systems and applications. With XPI, J.D. Edwards provides enterprise solutions for dynamic collaboration within and among businesses.

- Named new Chief Operating Officer and Chief Marketing Officer. Hank Bonde joined J.D. Edwards as Chief Operating Officer and Les Wyatt joined as Chief Marketing Officer. Bonde is an experienced technology industry leader with a solid track record of driving strong revenue and profit growth. Wyatt is a strategic marketing executive with many years of experience with technology companies.


Conference Call

J.D. Edwards will hold a conference call to review the first quarter 2001 results at 5:00 p.m. EST today. A webcast of the conference call will be available to all interested parties on the “Investor Relations” section of the J.D. Edwards’ website at http://www.jdedwards.com


About J.D. Edwards

J.D. Edwards is a leading provider of agile, collaborative solutions for the Internet economy. The Company’s open solutions give organizations the freedom to choose how they assemble their internal applications and how they collaborate with partners and customers across the supply chain to increase competitive advantage.

Founded in 1977, J.D. Edwards is headquartered in Denver. Additional information can be obtained by contacting the Company via the Internet at http://www.jdedwards.com


or at 1-800-727-5333.


J.D. Edwards is a registered trademark of J.D. Edwards & Company. The names of all other products and services of J.D. Edwards used herein are trademarks or registered trademarks of J.D. Edwards World Source Company. All other product names used herein are trademarks or registered trademarks of their respective owners. The historical results stated above are not necessarily indicative of the results of any future period.



“Safe Harbor” Statement Under the Private Securities Litigation Reform Act of 1995: Portions of this press release relating to J.D. Edwards’ future prospects contain “forward-looking statements” which are subject to certain risks and uncertainties that could cause actual results to differ materially. These statements reflect J.D. Edwards’ current beliefs and are based on information currently available to J.D. Edwards. Among other risks that may affect the Company’s business, operating results and financial condition are: quarterly financial results are subject to significant fluctuations, recent expansion into new business areas is uncertain, risks associated with new product development, the enterprise software industry is highly competitive, continued growth depends on the ability to develop and maintain third-party relationships, and the Company’s continued success depends on its ability to manage growth. For a more detailed discussion of information regarding these
and other risks that affect the company’s operating results, please refer to J.D. Edwards & Company’s Annual Reports on Form 10-K for the fiscal year ended October 31, 2000 and the 10-Q for the quarter ended January 31, 2001 once it has been filed, and future quarterly reports on Form 10-Q. Copies of these documents can be obtained on the J.D. Edwards Investor Relations web site at http://www.jdedwards.com/company/investor.asp or by contacting the Investor Relations Department at 877-533-5332 (877-JDE-JDEC). The Company undertakes no obligation to update the information contained in this release, including any forward-looking statements, or to update any information on its website.


J.D. EDWARDS & COMPANY

CONSOLIDATED STATEMENTS OF OPERATIONS

For information on this and tabulated data, please contact The Weber Group Europe.


LIABILITIES, COMMON SHARES SUBJECT TO REPURCHASE, AND STOCKHOLDERS' EQUITY

For information on this and tabulated data, please contact The Weber Group Europe.


Contact:

Trevor Salomon

J.D. Edwards

0118 909 1700

trevor_salomon@jdedwards.com



Cally Finch/Daniel Young

The Weber Group Europe

020 7240 6189

cfinch@webergroup.co.uk

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