Fiscal 2009 began with a whimper for supply chain management software provider Logility, as first-quarter revenue declined 22% and license sales dropped 57% year over year.
For the quarter ended July 31, 2008, total revenue was $9.4 million, down from nearly $12 million in the year-earlier period. License revenue dropped precipitously to $2 million from $4.7 million in the first quarter of fiscal 2008.
The bottom line suffered a similar fate, as even a 3% reduction in expenses couldn’t save Logility from a shrunken income. GAAP net earnings totaled $694,000, down 67% from $1.85 million.
Amid the sagging metrics, Logility managed to log a 10% gain in maintenance revenue, boosting that intake to $5.8 million in the quarter. Maintenance remains the biggest earner for Logility, accounting for 62% of total sales in the first quarter.