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by Jeff Moad, MA Editorial Staff
Posted on Friday, May 05, 2006 5:05:00 PM Sign Up to receive Daily News Alerts in your E-mail Inbox    | Abstract: | Despite sales shortfall, supply chain software vendor reports its fourth consecutive quarter of operating profitability, thanks to heavy cost cutting, and maintains calendar 2006 earnings guidance. |
A week after the announced acquisition of its rival Manugistics by JDA Software, i2 Technologies Inc. saw the trajectory of its turnaround waver as the supply chain management software vendor yesterday reported significantly lower first-quarter revenues and was forced to scale back its top-line guidance for the rest of 2006. Still, thanks largely to significant cost-cutting, the Dallas-based company was able to report its fourth consecutive quarter of operating profitability and net earnings of $2.4 million compared to a net loss of $24.5 million in the same period a year ago. For the quarter ended March 31, i2's revenue of $64 million was down 21.8% compared to the $81.9 million reported in the first quarter of last year. Falling hardest was i2's revenue from software solutions -- a combination of software licenses, recurring licenses, and development fees -- which, at $16.9 million for the quarter, was down 33.4% from the like period last year. [Click to continue] |
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