P3291: Lawson - Year-to-Year Comparisons: Lawson Software Operating Results - GAAP And Non-GAAP Views

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Government Exhibit P3291

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.

Updated August 14, 2015

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