For the financial year's second-quarter, Lawson Software Inc. posted a 9% drop in earnings, as the lower revenue could not be overshadowed by the company slight expansion. The manufacturer of business software also shared that is to looking to acquire the privately owned firm Healthvision Solutions Inc. for $160 Million.

Lawson is the maker and seller of products that can be utilized in automating business process, mostly to mid sized firms. The company said that the takeover will be an all-cash deal and is expected to close by the end of this month.

For the three months up-to November 30, Lawson reported a profit of $2.8 Million, which is a substantial fall from the figure of $3 Million posted for the same period last year. Pre-share results managed to stay flat at 2 cents. Excluding some charges, earnings per share fell to 9 cents from 10 cents last year.

Revenue fell by 11% to $184.4 Million.

For the third-quarter now, the company has predicted adjusted profit of 7-9 cents a share on revenue of $174-$178 Million.