Lawson Software Reaffirms Prior Guidance for Revenue and Non-GAAP EPS Results for the Fourth Quarter of Fiscal 2010 and Updates GAAP EPS Guidance for


Lawson Software Reaffirms Prior Guidance for Revenue and Non-GAAP EPS
Results for the Fourth Quarter of Fiscal 2010 and Updates GAAP EPS
Guidance for Planned Restructuring Charge

ST. PAUL, Minn.--(BUSINESS WIRE (http://www.businesswire.com/))--
Regulatory News:

Lawson Software, Inc. (Nasdaq:LWSN) today reaffirmed its prior guidance
for total revenues and non-GAAP EPS provided on April 7, 2010 for its
fourth fiscal quarter, ending May 31, 2010 and updated GAAP EPS guidance
for a planned restructuring charge.

For the fourth quarter of fiscal 2010, Lawson estimates total revenues
in the range of $194 million to $198 million. Non-GAAP total revenues
are expected to be in the range of $196 million to $200 million,
including approximately $2 million of revenues impacted by purchase
accounting adjustments. Non-GAAP EPS is forecasted to be in the range of
$0.10 to $0.12, excluding approximately $10 million of pre-tax
adjustments for amortization expense, non-cash stock-based compensation
expense, non-cash interest expense and a one-time gain related to the
modification of a defined benefit pension plan and also excluding the
impact of the restructuring charge discussed below. The non-GAAP
effective tax rate for the fourth quarter is estimated at 37 percent.
Guidance for the fourth fiscal quarter is updated to include an
estimated impact of foreign exchange rates through May 16.

Lawson anticipates taking a pre-tax restructuring charge in the range of
$5 to $7 million relating to a plan to restructure its workforce
primarily in the company's M3 operations in Europe, the United States
and Manila. The majority of the restructuring charge is anticipated to
be recorded in the fiscal fourth quarter, which will impact GAAP EPS.
The company anticipates recording the remaining charges in the first
quarter of its fiscal year 2011 in the period ending Aug. 31, 2010.

As part of the Company's strategic planning and fiscal year 2011
budgeting process during its fourth quarter, management determined the
need to consolidate and reduce positions in its M3 operations overall.
This action and the timing of this action have been planned since early
May and is not a reaction to any recent shareholder events.

The exact number of positions in each country to be impacted has not
been fully identified at this time, preventing Lawson from calculating
the tax effect and EPS impact of the restructuring. However, Lawson
expects the workforce reduction will impact 150 to 200 positions, or
less than 5 percent of the company's employees. Lawson also plans to
continue to invest in its strategic S3 and M3 growth verticals and
expects planned personnel increases in these areas to approximately
offset the workforce reduction by May 31, 2011.

About Lawson Software

Lawson Software provides software and service solutions to 4,500
customers in equipment service management and rental, fashion, food &
beverage, healthcare, manufacturing & distribution, public sector
(United States), service industries, and strategic human capital
management across 40 countries. Lawson Software is a global provider of
enterprise software, services and support to customers primarily in
three sectors: services, trade and manufacturing/distribution. Lawson's
solutions include Enterprise Performance Management, Human Capital
Management, Supply Chain Management, Enterprise Resource Planning,
Customer Relationship Management, Manufacturing Resource Planning,
Enterprise Asset Management and industry-tailored applications. Lawson
solutions assist customers in simplifying their businesses or
organizations by helping them streamline processes, reduce costs and
enhance business or operational performance. Lawson is headquartered in
St. Paul, Minn., and has offices around the world. Visit Lawson online
at
www.lawson.com (http://cts.businesswire.com/ct/CT?id=smartlink&url=http%
3A%2F%2Fwww.lawson.com&esheet=6308602&lan=en_US&anchor=www.lawson.com&in
dex=1&md5=6476c6bec21e8f0173bef0d5adccab19). For Lawson's listing on the
Third North exchange in Sweden, Remium AB is acting as the Certified
Adviser.

Forward-Looking Statements

This press release contains forward-looking statements about Lawson's
expectations for the fourth quarter of fiscal 2010 which are inherently
uncertain, including statement describing Lawson's anticipated revenues,
non-GAAP EPS, and GAAP EPS for the fourth quarter of fiscal 2010 and the
estimated amount of the restructuring charge and annualized cost
savings. As with other software companies, a substantial portion of
Lawson's sales occur in the final weeks of the fiscal quarter, making
any statement regarding expectations for the quarter subject to a high
level of uncertainty and risk. These forward-looking statements contain
statements of intent, belief or current expectations of Lawson Software
and its management. Such forward-looking statements are not guarantees
of future results and involve risks and uncertainties that may cause
actual results to differ materially from the potential results discussed
in the forward-looking statements. The company is not obligated to
update forward-looking statements based on circumstances or events that
occur in the future. Risks and uncertainties that may cause such
differences include but are not limited to: adverse market or economic
events that may cause customers and prospects to delay or cancel plans
to purchase our products or services in the quarter; actions of
competitors that may alter anticipated sales to potential customers;
adverse business developments at our potential customers that defer or
eliminate their ability to purchase our products and services;
uncertainties regarding the ability of the company to accomplish the
restructuring within the anticipated costs and to achieve the
anticipated annual cost savings due to the restructuring; general
uncertainties in software demand; uncertainties as to when and whether
the conditions for the recognition of revenue on new license agreements
in the quarter and deferred revenue will be satisfied; increased
competition; general economic conditions; the potential adverse impact
of foreign currency exchange rate fluctuations; continuation of the
global economic weakness, particularly in Europe; continuation of
restricted credit availability and potential adverse developments in the
sovereign debt market; the outcome of pending and threatened litigation;
global military conflicts; terrorist attacks; pandemics, and any future
events in response to these developments; changes in conditions in the
company's targeted industries and other risk factors listed in the
company's most recent Quarterly Report on Form 10-Q and Annual Report on
Form 10-K filed with the Securities and Exchange Commission. Lawson
assumes no obligation to update any forward-looking information
contained in this press release.

Lawson Software
Media:
Joe Thornton, +1-651-767-6154
joe.thornton@us.lawson.com (joe.thornton@us.lawson.com)
or
Investors and Analysts:
Barbara Doyle, +1-651-767-4385
investor@lawson.com (investor@lawson.com)