Year-to-Year Comparisons
Lawson Software Operating Results - GAAP and Non-GAAP Views

		Fourth Fiscal Quarter						Full Fiscal Year
	Q4 '04 GAAP	Q4 '03 GAAP	% YTY change	Q4 '04 Non-GAAP	Q4 '03 Non-GAAP	% YTY change		Q4 '04 GAAP	Q4 '03 GAAP	% YTY change	Q4 '04 Non-GAAP	Q4 '03 Non-GAAP	% YTY change
License Fees Services     Total Revenues	$27,169 72,541 99,710	$26,271 64,388 90,659	3% 13% 10%	$27,169 72,541 99,710	$26,271 64,386 90,659	3% 13% 10%		$92,338 271,245 363,583	$ 77,614 266,704 344,318	19% 2% 6%	$92,338 271,245 363,583	$77,614 266,704 344,318	19% 2% 6%
Cost of License Fees Cost of Services	3,958 36,209	4,479 34,021	12% 6%	3,144 35,866	4,098 33,973	-23% 6%		$15,948 136,299	14,367 141,717	11% -4%	13,234 135,896	12,872 141,518	3% -4%
Gross Profit % Margin	59,543 60%	52,159 58%	14% +2 pts	60,700 61%	52,588 58%	15% +3 pts		211,336 58%	188,234 55%	12% +3 pts	214,453 59%	189,928 55%	13% +4 pts
Research and Development    EIR %	17,756 18%	15,227 17%	17% + 1 pts	17.696 18%	15,076 17%	17% +1 pts		64,888 18%	59,115 17%	10% +1 pts	64,638 18%	58,450 17%	11% +1 pts
Sales and Marketing    EIR%	25,027 25%	25,697 28%	-3% -3 pts	24,917 25%	25,421 28%	-2% -3 pts		93,138 26%	102,963 30%	-10% -4 pts	92,681 26%	102,147 30%	-9% -4 pts
General and Administrative    EIR %	9,321 9%	8,778 10%	6% -1 pts	9,179 9%	8,546 9%	7% 0 pts		37,721 10%	29,972 9%	26% +1 pts	37,130 10%	27,539 8%	35% +2 pts
Restructuring Charges (Adjustments) Amortization of Acquired Intangibles	- 362	(258) 223	N/M 62%	- -	- -	- -		2,210 1,274	6,035 877	-63% 45%	- -	- -	- -
Total Operating Expenses	52,466	49,667	6%	51,792	49,043	6%		199,231	198,962	0%	194,449	188,136	3%
Operating Income (Loss)	7,077	2,492	184%	8,908	3,545	151%		12,105	(10,728)	213%	20,004	1,792	1016%
Operating Margin	7%	3%	+4 pts	9%	4%	+5 pts		3%	-3%	+6 pts	6%	1%	+5 pts
Other Income (Expense), Net	806	1,171	31%	806	1,171	-31%		3,209	4,457	-28%	3,209	4,457	-28%
Income (Loss) Before Taxes	7,883	3,663	115%	9,714	4,716	106%		15,314	(6,271)	344%	23,213	6,249	271%
Provision (Benefit) for Taxes (1)	4,425	1,428	210%	3,789	1,839	106%		7,323	(2,446)	399%	9,053	2,437	271%
Net Income (Loss)	3,458	2,235	55%	5,925	2,877	106%		7,991	(3,825)	309%	14,160	3,812	271%
EPS:    Basic    Diluted	$ 0.04 $ 0.03	0.02 0.02	54% 51%	$ 0.06 $ 0.06	$ 0.03 $ 0.03	105% 101%		$ 0.08 $ 0.07	$ (0.04) $ (0.04)	308% 292%	$ 0.14 $ 0.13	$ 0.04 $ 0.04	270% 260%
Shares:    Basic    Diluted	98,433 105,984	97,949 103,341	0% 3%	98,433 105,984	97,949 103,341	0% 3%		98,462 107,000	98,165 98,165	0% 9%	98,462 107,000	98,165 103,713	0% 3%

Notes:
(1) For the trhee and twelve months ended May 31, 2004, the non-GAAP provision for income taxes is calculated at a rate of 39%, which excludes two items in the GAAP provision - a deferred tax valuation allowance of $1,195 and a deferred tax adjustment of $156 related to a past acquisition.