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J.D. Edwards tops 4Q forecasts

    J.D. Edwards (Nasdaq: JDEC) topped consensus analyst estimates in the fourth quarter.

    After market close Monday, the business software vendor reported fiscal fourth quarter net income of $12.3 million, or 11 cents per share, excluding special charges. First Call's survey of nine analysts predicted a profit of 8 cents per share for the quarter ended Oct. 31.

    Shares of J.D. Edwards were unchanged in afterhours activity on the Island electronic communications network, following the earnings report. J.D. Edwards fell 1.5 to 24.625 in Monday's regular trading, prior to the release of quarterly results.

    Including amortization and one-time events, J.D. Edwards earned $9.7 million, or 8 cents per share.

    Fourth quarter revenue increased 7.6 year-over-year to $277.2 million. License revenue rose 36 percent to $137.4 million. More than half of those license fees came from supply chain software, said C. Edward McVaney, president and CEO.

    "J.D. Edwards has great momentum right now," McVaney said.

    Monday's news marks the second quarter in a row that J.D. Edwards has topped analysts' original expectations.

    For the full fiscal 2000, J.D. Edwards earned $4.9 million, or 4 cents per share, on revenue of $1 billion.>