J.D. Edwards & Co.'s financial renaissance appears to have stalled in its fiscal second quarter. It reported Thursday a net loss of US$393,000, or zero cents per share, for the period that ended April 30. The Denver-based maker of business applications reported total revenue of $204 million, down from $206 million in the first quarter of the year. Second-quarter license fee revenue was $44 million, down from $47 million in the prior quarter, while services revenue rose slightly, to $160 million, from $159 million in the previous quarter. In a statement, J.D. Edwards President and CEO Bob Dutkowsky cited sluggish economic conditions as the reason for the lackluster earnings report.
"The weak economic and unsettled geopolitical environment that impacted the global software industry affected J.D. Edwards in our second quarter," he said. "I'm encouraged that more customers and prospects chose to do business with J.D. Edwards in this quarter than in the second quarter of last year. But in this environment, the transaction sizes were smaller, as our customers are licensing and implementing smaller increments of software."
The firm signed 70 new customers during the period and shipped business modeling and demand forecasting software as part of its J.D. Edwards Supply Chain Management 9.0 suite.