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by Greg MacSweeney, MA Editorial Staff Posted on Friday, June 10, 2005 5:09:00 PM Sign Up to receive Daily News Alerts in your E-mail Inbox   | Abstract: | Acquisition charge turns black ink red as new sales channel fuels 31% growth in Q4 revenues; additional acquisitions under consideration. |
Logility Inc., a supplier of supply chain management software, recorded a fiscal year 2005 loss of $549,000, or $0.04 per share, compared with earnings of $1.7 million, or $0.13 per share, for the same period a year earlier. Company executives attributed the loss primarily to an accounting requirement for last September's $8.7 million acquisition of Demand Management Inc. (DMI). Without the acquisition costs and other charges, Logility would have had earned $358,000, or $0.03 per share, in the fiscal year. The impact of the DMI acquisition should be felt for the next two quarters, said Vince Klinges, Logility's chief financial officer. At that point, Logility should return to profitability, he added. [Click to continue]  |
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