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by Jeff Moad, MA Editorial Staff Posted on Friday, June 20, 2008 3:49:55 PM Sign Up to receive Daily News Alerts in your E-mail Inbox    | Abstract: | Citing trigger-shy prospective customers, the supply chain software purveyor records year-over-year declines in sales and earnings. |
| Keywords: | Logility earnings, Logility revenue |
Supply chain management software vendor Logility yesterday said its sales, license fees, services revenue, and net earnings all fell during its most recent fiscal quarter, a trend the company attributed to the current economic slowdown.
Logility reported total revenue for its fourth quarter, ended April 30, of $11.9 million, down 8% from $12.9 million in the fourth quarter last year. Logility’s software license revenue for the quarter plunged 27% to $4.1 million, while revenue from services was down 11% to $1.8 million.
Logility President and CEO Mike Edenfield blamed Logility’s poor fourth-quarter performance on what he called “economic uncertainty.” “Customers are slower to pull the trigger or they don’t pull the trigger at all” on software purchases, Edenfield said in remarks to financial analysts. The company’s customer base is overwhelmingly U.S.-based. Edenfield said many of Logility’s potential customers wonder how long-lasting or harmful energy price increases and other factors will be to their businesses. “And that causes a lot of people to hesitate before making a decision,” he said.
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