By Joey Gardiner, 4 May 2001 17:17
NEWS In announcing preliminary results, CEO Ed McVaney said JD Edwards has recovered better than expected and was reporting earnings above expectations. The company now thinks revenue will be as much as $215m for the quarter, but made no predictions as to whether it will get into the black. The 400 lay-offs - representing eight per cent of staff - are part of a wide-ranging cost reduction scheme. In January JD Edwards reported a net loss of $4.4m on revenue of $218m, six per cent down on the previous year.
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