Business rules and supply chain management technology provider ILOG this week reported a 16% year-over-year increase in total revenue in its first fiscal quarter of 2009, ended Sept. 30.
Revenue in the quarter was €34.3 million, compared with €29.6 million in the comparable period last year. License sales led the way, increasing 61% year over year to €17.8 million. Meanwhile, ILOG delivered €3.6 million to the bottom line, compared with a loss of €1.7 million in last year’s first quarter.
“While battling an unfavorable dollar-euro exchange rate and a challenging IT spending climate, we were able to deliver 16% revenue growth and saw strong demand across all our product lines,” said ILOG Chairman and CEO Pierre Haren in a statement announcing the results. “We benefited from a strong sales pipe going into the quarter for all of our products and a very favorable response from customers and prospects to our proposed acquisition by IBM.”
IBM agreed to purchase ILOG in July. The $340 million deal, which is pending, would add ILOG’s business rules management, optimization, and visualization software to IBM’s offerings.