|
by Emily-Sue Sloane, MA Editorial Staff
Posted on Tuesday, July 24, 2007 5:43:00 PM Sign Up to receive Daily News Alerts in your E-mail Inbox    | Abstract: | Manugistics acquisition fuels steady growth for supply chain company. |
| Keywords: | JDA, supply chain management, supply chain software, Manugistics, supply network, i2, Manhattan Associates, best of breed supply chain vendors |
JDA Software Group, Inc. recorded a 75% year-over-year increase in total revenue and a 336% gain in net income for the second quarter, ended June 30, 2007, thanks in part to its acquisition a year ago of Manugistics Group, Inc. The Manugistics business contributed $40.1 million to the supply chain company's total revenue of $90.8 million, which was up substantially from $51.8 million a year earlier, and up only slightly from the first quarter's $90.7 million. GAAP net income for the quarter was $4.8 million, up from $1.1 million in the second quarter 2006, but down from $5.4 million in the 2007 first quarter. "We marked the one-year anniversary of our Manugistics acquisition by delivering record total revenues, a sequential and quarter-over-quarter increase in software licenses, and triple-digit earnings growth over second quarter 2006," said JDA CEO Hamish Brewer, in a prepared statement. "We have been heavily focused on sales execution since the acquisition, and I believe these efforts are paying off with excellent sales and a solid pipeline of new business opportunities." [Click to continue] |
|
|
|
|