Thursday, February 23, 2012

Lawson Software FY Q3 Revenues, EPS Edge Street Estimates

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Lawson Software (LWSN) this afternoon posted revenue for its fiscal third quarter ended February 28 of $186.2 million, ahead of the Street at $179.3 million, and up from $173.8 million a year ago. Non-GAAP EPS of 11 cents a share beat the consensus by two cents.

For the May quarter, the company sees non-GAAP revenue of $196 million to $200 million, shy of the Street at $201 million; Lawson sees non-GAAP profits for the quarter of 10-12 cents, in line with the Street at 11 cents.

In late trading, LWSN is down 16 cents, or 2.3%, to $6.80.

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