Company Announces Preliminary Results;
License Fee Revenue and Earnings Expected to Exceed Company Guidance
J.D. Edwards today announced preliminary results for the fourth fiscal quarter ended 31 October 2001. License fee revenue for the fourth quarter is expected to increase significantly over the third quarter of fiscal 2001, and is projected to exceed the previous guidance of million. Total revenue is projected to be in the range of 0 million to 5 million. The Company also expects earnings per share from normalised operations to exceed the guidance of .04. Results from normalised operations exclude acquisition-related charges, losses on equity investments and certain other items.
“I’m very pleased with the results we expect to report this quarter,” said Ed McVaney, President and Chief Executive Officer. “Our team remained focused on our goals and executed very well, especially in light of the difficult market conditions.”
Final results for the fourth quarter of fiscal 2001 will be released on 3 December 2001, at which time the Company will host a conference call.
About J.D. Edwards
J.D. Edwards is a leading provider of agile, collaborative solutions for the connected economy. The Company’s open solutions give organisations 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.jdedwardsnews.com/ or at 0118 909 1700
J.D. Edwards is a registered trademark of J.D. Edwards and 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.
Giles Peddy/Nishma Shah
The Weber Group Europe
020 7240 6189
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“Safe Harbor” Statement Under the Private Securities Litigation Reform Act of 1995: The information in this press release regarding expected total revenue, license fee revenue, and earnings per share is forward-looking and preliminary in nature. Words such as “expects,” “projected” and similar expressions have been used to identify these forward-looking statements, but are not the exclusive means of identifying such statements. These statements reflect J.D. Edwards’ current beliefs and are based on information currently available to J.D. Edwards. Actual results could differ materially depending on a number of factors, including the failure of contracts to meet revenue recognition rules, the large component of business partner services revenue that is still being reported to the Company and other adjustments that may arise as results are finalised. For a more detailed discussion of information regarding these and other risks that affect the company’s operating results, ple!
ase refer to J.D. Edwards & Company’s most recent 10-Q, the 10-K for the fiscal year ended October 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.
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