J.D. Edwards posts record first quarter.DENVER--(BUSINESS WIRE)--March 12, 1997--Business software developer J.D. Edwards (J.D. Edwards & Company, Denver, CO, www.jdedwards.com) A developer of multinational, integrated enterprise software for distribution, finance, human resources, manufacturing and supply chain management. today announced first quarter fiscal 1997 revenues of $122.8 million for the three months ending January 31. This marks the largest first quarter revenues in the company's 20-year history and a 25 percent increase over 1996 first quarter revenues of $98 million. "These first quarter results get J.D. Edwards off to an excellent start in fiscal 1997," said Pamela Saxton, vice president of finance at J.D. Edwards. "We believe that our consistent revenue growth is the result of both our customer-centric approach and our enterprise business application system which is simultaneously powerful, flexible and cost-effective cost-effective, n the minimal expenditure of dollars, time, and other elements necessary to achieve the health care result deemed necessary and appropriate. ." J.D. Edwards record first quarter results included $40.9 million in license fees, $53.7 million in services and $28.2 million in maintenance fees. The company reported approximately 100 new customers, including Alltel, Samsonite, Nike Sports Korea Co. Ltd., and Yalumba (S. Smith & Son). In response to the company's growth, headcount also increased by 190, bringing its worldwide staff to 2,996. "Our first priority remains the customer's success with our applications and we continue to add value to our solutions to better address their need to remain competitive in today's marketplace," said C. Edward McVaney C. Edward McVaney (born December 29, 1940) was the co-founder and former CEO of the J.D. Edwards Corporation, a pioneering Enterprise Resource Planning company purchased by PeopleSoft in 2002. PeopleSoft, in turn was purchased by Oracle Corporation in January 2005. , president and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of J.D. Edwards. "A key technological milestone in the first quarter was the delivery of Internet-enabled OneWorld. This gives our customers unprecedented flexibility in incorporating and using the latest technology to creatively solve their business problems." OneWorld is the first network-centric multinational ERP (Enterprise Resource Planning) An integrated information system that serves all departments within an enterprise. Evolving out of the manufacturing industry, ERP implies the use of packaged software rather than proprietary software written by or for one customer. package that provides a true distributed object Distributed objects are software modules that are designed to work together, but reside either in multiple computers connected via a network or in different processes inside the same computer. architecture and an advanced business rules engine that moves beyond today's traditional first-generation client/server technology. In addition to the Internet enhancements to OneWorld, release B71.4 included system-guided workflow The automatic routing of documents to the users responsible for working on them. Workflow is concerned with providing the information required to support each step of the business cycle. and multi-currency capabilities. Founded in 1977, J.D. Edwards is a privately-held company headquartered in Denver, Colo., with fiscal 1996 revenues of $478 million. The company provides client/server business software applications and a suite of industry-specific solutions for the enterprise. More than 4,200 companies in 90 countries use J.D. Edwards software to manage complex financial, manufacturing, sales, distribution and human resources The fancy word for "people." The human resources department within an organization, years ago known as the "personnel department," manages the administrative aspects of the employees. requirements. Additional information about J.D. Edwards can be obtained by dialing 800/727-5333, or via the Internet at http://www.jdedwards.com . -0- Copyright J.D. Edwards World Source Company, 1997. J.D. Edwards is a registered trademark of J.D. Edwards & Company. OneWorld and Configurable Network Computing Configurable Network Computing or CNC is JD Edwards®'s (JDE) client-server proprietary architecture and methodology that implements its highly-scalable enterprise-wide business solutions software that can run on a wide variety of hardware, operating systems (OS) and hardware are trademarks of J.D. Edwards World Source Company. All other products names and companies referenced herein are trademarks or registered trademarks of their respective owners. CONTACT: J.D. Edwards Chris Hardman, 303/488-4662 chris_hardman@jdedwards.com |
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