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by Emily-Sue Sloane, MA Editorial Staff
Posted on Tuesday, June 26, 2007 5:22:00 PM Sign Up to receive Daily News Alerts in your E-mail Inbox    | Abstract: | Supply chain planning software vendor benefits from manufacturers' moves offshore, adding more than 100 customers to its roster in fiscal 2007. |
| Keywords: | Logility, supply chain management, supply network, demand sensing, sales and operations planning, contract manufacturers, supplier collaboration |
Supply chain management software provider Logility, Inc. rode the globalization wave to end its fiscal 2007 year with record results. The company has reported record revenues in four of its past six quarters. For the fourth quarter, ended April 30, the company, 88% owned by American Software, recorded total revenue of $12.7 million, up 26% over the year-earlier quarter. Software license fees contributed $5.7 million, up 48% from a year ago, while services and other revenues rose 17% to $1.9 million. Maintenance revenue was $5.1 million, up 12% from the year-ago quarter, but down 9% from the quarter ended in January. Logility said it signed 24 new customers in the fourth quarter. GAAP net earnings for the quarter were $1.9 million, compared with net earnings of $1.6 million in the fourth quarter of fiscal 2006. [Click to continue] |
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