JD Edwards founder and chairman, Edward McVaney, is in SA this week to launch the company's Idea to Action concept locally. His visit coincided with the company's first quarter results ended January 1999.
According to the company the results were within the preliminary ranges reported on February 11, 1999. Revenue for the first quarter of fiscal 1999 increased 25% to $222.9 million, compared to revenue of $178.3 million in the first quarter of fiscal 1998.
Operating Highlights
Since the last earnings release, JD Edwards has taken steps to further enhance the company`s product line and penetration into its target markets.
One of them is The Idea to Action approach, which delivers the solutions organisations need to maintain control of their businesses as technologies and market environments change. JD Edwards drives Idea to Action with ActivEra, a collection of tools and technologies that allows companies to change their enterprise software quickly and easily during and after implementation.
In the past, software has been a hindrance rather than a help to companies, according to McVaney. He says that once software solutions are installed, they become the problem they were designed to solve. "We keep the software nimble even after implementation. The key to business success today is the speed at which new ideas are created and implemented."
And this is where JD Edwards comes in, according to McViney. "We help companies to implement new ideas rapidly."
Release of the latest version of OneWorld in December 1998 and an enhanced focus on vertical industries have also been key in the company's growth.
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