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Licences drive JDE Q3

JD Edwards & Company (JDE) has bounced back from fiscal 1999 with licence growth leading the charge. JDE posted revenues for its third quarter ending 31 July of $US261.1 million, up $29 million for the same period last year. The company was spurred on by numerous transactions over $1 million fuelling licence growth to a 56 per cent increase to $US116.7 million for the quarter. Locally, Glenn Wright, director of JDE Australia, claims the company has weathered the Y2K storm of this period last year and ERP is "alive and kicking".