JD Edwards in the red.
Giant US-based enterprise resource planning vendor JD Edwards has reported a net loss of $152,000 for the first fiscal quarter ended 31 January 2000 – compared with a net profit of $4,268,000 at the same time last year. However, a spokesman for the company said it was happy with the ‘break-even’ result and explained the result looked worse due to the ‘freakish’ 1998 results, which were vastly inflated due to Y2K-fuelled sales. He added the result was ‘very positive compared to rival companies’.