At a time when most enterprise software providers seem to be swooning, supply chain specialist Logility, Inc. reported on Thursday that revenue in its most recent quarter rose 7% on a big jump in license sales.
For the third fiscal quarter, ended Jan. 31, 2009, Logility reported revenue of $10.6 million, a 7% improvement over the $9.9 million it brought in a year earlier. The gain was led by a 57% surge in license sales, which totaled $3.7 million in the quarter. The impressive spike in product sales more than canceled out a 34% drop in services and other revenue, which slumped to $1.3 million, and maintenance revenue that remained flat, at $5.7 million.
Logility’s sizable jump in license revenue was helped along by increases in license fees, a change that drove the company’s license margins to 73%; in the fiscal 2008 third quarter, license margins stood at just 42%.
Logility’s GAAP net earnings in the quarter were $1.76 million, more than doubling the $835,000 reported in the year-prior period.