Lawson Software Inc. (LWSN) yesterday reported revenues of $169 million in the first quarter of fiscal 2010, down 11% year over year and down 9.1% sequentially, but in line with management’s guidance of revenues between $160 million and $165 million. Excluding the unfavorable movement in exchange rates, revenues were down 6%. Lawson provides enterprise resource planning (ERP) software solutions and professional services to mid-market enterprises in the health care, retail, public and professional service industries. Lawson derives its revenue from software license fees, customer support and maintenance fees and consulting fees. License fees grew 23% year over year, driven primarily by increases in healthcare, public sector and equipment service management & rental vertical markets. Maintenance services declined 4%. Consulting revenues declined 29%, driven by fewer billable consultants. The company reduced the size of its consulting staff as part of a strategy to move more implementation services ...