Lawson Software Reports Q3 EPS of $0.14 vs. $0.13

Lawson Software, Inc. LWSN today reported financial results for its third quarter of fiscal year 2011, which ended Feb. 28, 2011. As reported under generally accepted accounting principles revenues were $196 million with operating income of $22.3 million and net income of $21.4 million, or diluted earnings per share (EPS) of $0.13. These results increased compared to third quarter of fiscal year 2010 revenues of $186 million with operating income of $11.6 million and net income of $1.7 million, or EPS of $0.01. Total non-GAAP revenues for the third quarter of fiscal 2011 were $197.9 million with operating income of $36.9 million and net income of $23.9 million, or EPS of $0.14. These results increased compared to non-GAAP revenues of $188.6 million, operating income of $29.9 million and net income of $17.8 million, or EPS of $0.11 in the third quarter of fiscal year 2010.