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by Chris Chiappinelli, MA Editorial Staff Posted on Monday, June 26, 2006 4:27:00 PM Sign Up to receive Daily News Alerts in your E-mail Inbox   When a company posts a year-over-year increase in service revenue of 11% and counts that as its slowest growth area, all signs point to a good year. Such was the case for supply chain planning vendor Logility Inc., which closed its fiscal fourth quarter and 2006 on April 30 and reported its results on a conference call Friday. Calling 2006 the company's best year so far, Logility CEO Michael Edenfield and CFO Vincent Klinges rattled off a mélange of positive performance numbers on the call. The standout in 2006 and in the quarter was software license revenue, which spiked 107% to $13.9 million in fiscal 2006. In the quarter, license fees contributed $3.9 million in revenue, a 74% improvement over the year-prior quarter. Meanwhile, revenue for the year reached $37.3 million, up 50% from the prior year's total, and a record for the company. [Click to continue]  |
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