LAWSON PROFITS DESPITE CONSULTING DECLINE
- Thursday, 01 October 2009
- News and Analysis
Although consulting revenue fell by 23 percent and total revenue was off by 11 percent, Lawson Software posted net income of just under $6 million for the first quarter ended September 30, which contrasted with a year-earlier loss of $3.7 million. That increase came as company cut expenses by 14 percent, led by a 23 percent decline in the cost of sales and marketing.
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