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by Stephanie Neil, MA Editorial Staff
Posted on Tuesday, December 06, 2005 7:09:00 PM Sign Up to receive Daily News Alerts in your E-mail Inbox    | Abstract: | Supply chain software vendor sees revenues double to $9.3 million spurred by new license gains; reverses $544,000 operating loss in like period last year to net a profit of $1.3 million. |
Supply chain software vendor Logility Inc. finished its second quarter of fiscal 2006 with a whopping 447% increase in software license fees, which contributed to a doubling of total revenues in the period to $9.3 million. Moreover, in the quarter ended October 31 , the Atlanta-based company generated net earnings of $1.3 million, reversing an operating loss of $544,000 in the like period last year. The year-over-year comparison is skewed by a couple of factors. Chief among them: accounting requirements following the company's $9.5 million cash acquisition of the key assets of privately-held Demand Management Inc., a St. Louis-based supply chain planning systems provider, which contributed to its fiscal 2005 loss of $549,000. [Click to continue] |
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