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by Alan Alper, MA Editorial Staff Posted on Friday, September 08, 2006 5:11:00 PM Sign Up to receive Daily News Alerts in your E-mail Inbox    | Abstract: | Logility's license fees soar 36% year over year to $3.3 million, contributing to overall revenue increase of 21% to $9.6 million; operating earnings jump 63% to $1.2 million from like period last year. |
| Keywords: | supply chain managemnent, demand forecasting, demand planning, Logility financial results, Demand Management, American Software |
Picking up where it left off last fiscal year, Logility Inc. today reported healthy increases in fiscal 2007 first-quarter sales and profits, fueled in part by a surge in license revenue from customers located in North America and across the globe. For the fiscal first quarter ended July 31, the supply chain management software company posted total revenues of $9.6 million, an increase of 21% from the corresponding period last year. The company's operating earnings in the quarter reached $1.2 million, a whopping 63% increase over the figure recorded in last fiscal year's first quarter. Net earnings on a GAAP (generally accepted accounting principles) basis were $923,000, or seven cents per fully diluted share, compared with $869,000, or seven cents a fully diluted share, for the first quarter of last fiscal year. The quarter was hindered by an effective tax rate of 41.5% -- compared to 4.0% for the comparable period last fiscal year, the company said. [Click to continue] |
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