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by Alan Alper, MA Editorial Staff
Posted on Friday, December 08, 2006 4:36:00 PM Sign Up to receive Daily News Alerts in your E-mail Inbox    | Abstract: | Strong implementation and maintenance revenues offset seasonal softness in licensing fees in the Logility's recently completed second quarter; operating earnings increase, while net profits decline due to a higher tax rate and a benefit received in the like period last year. |
| Keywords: | Logility, Demand Solutions, American Software, Voyager, Demand Management, supply chain software, supply networks |
Aided by strong maintenance and services revenues, supply chain software player Logility Inc. yesterday disclosed a healthy top-line gain in its recently completed fiscal second quarter, although the company said seasonal softness affected new license sales. Total revenues in the quarter ended October 31 were $10 million, up 8% from the like period last year. Growth was driven by services and related revenues of $1.6 million, a 19% spike from the corresponding quarter last year, as the company's recent string of license revenue success translated into a slew of implementation projects, company officials said during a conference call this morning. At $5.1 million, maintenance revenue was up 17% from last year's second quarter -- another beneficiary of license fee growth during the prior year. Although operating earnings were up 17% year over year to $1.5 million, Logility's net profit paled in comparison to the year-earlier period. GAAP net earnings were $1.1 million, or eight cents per fully diluted share. This compared with GAAP net earnings of $3.7 million, or 28 cents per fully diluted share, in the like period last year. The comparison was skewed by the quarter's higher tax rate of 41.5% and a $2.5 million tax benefit accrued in the comparable period last year, company officials said. [Click to continue] |
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