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by Emily-Sue Sloane, MA Editorial Staff Posted on Wednesday, March 05, 2008 3:45:00 PM Sign Up to receive Daily News Alerts in your E-mail Inbox    | Abstract: | The supply chain software provider points to stalled purchasing decisions and a software development writedown to explain lower revenue and earnings. |
| Keywords: | Logility software, Logiity supply chain |
The third quarter proved disappointing for supply chain software provider Logility Inc., which today reported a drop in revenue and net income. Despite signing 18 new customers in 14 countries in the quarter, the company reported a 40% drop in license fees, a shortfall that modest year-over-year increases in services and maintenance fees could not offset. Total revenue for the quarter ended Jan. 31, 2008, was $9.9 million, down 12% from $11.3 million in the year-earlier quarter. License fees accounted for $2.3 million, down from $3.9 million. Services brought in $1.9 million, up from $1.7 million, while maintenance revenue was essentially flat — up 1% — at $5.7 million. [Click to continue] |
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