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JDA's Results Continue to Slip

Posted on Tuesday, July 25, 2006 5:45:00 PM       Sign Up to receive Daily News Alerts in your E-mail Inbox                            Digg This Article   Add to Delicious

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    JDA Software Group Inc.'s recently concluded acquisition of supply chain management software pioneer Manugistics came too late to salvage JDA's second-quarter financial results, released yesterday.

    The Scottsdale, AZ-based vendor of demand management applications for manufacturers and retailers reported $51.8 million in revenues for the quarter ended June 30, down 5.6% from the like period last year. The revenue decline was fueled by a 32% drop in software license revenue and flat maintenance revenues, the company said.

    JDA reported $10.3 million in software license revenue for the quarter, down from $15.3 million in the year-earlier period. Maintenance revenue, at $21.7 million, was up 1% compared to the same period a year ago.

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