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by Stephanie Neil, MA Editorial Staff
Posted on Friday, December 07, 2007 5:01:00 PM Sign Up to receive Daily News Alerts in your E-mail Inbox    | Abstract: | Despite a lackluster performance in software sales, the supply chain apps provider continues its trend of growing revenue and earnings. |
| Keywords: | Supply chain applications provider, supply chain software provider |
Supply chain software provider Logility Inc. today reported double-digit revenue growth for its second quarter, buoyed by service and maintenance contracts, and several significant customer wins, as well as an expansion of its reseller channel. For its second quarter of fiscal 2008, ended Oct. 31, the company reported revenue of $11.1 million, an 11% increase over sales of $10 million in the prior-year period. GAAP net earnings in Q2 of 2007 totaled $1.7 million, up 50% from $1.1 million in the comparable period in fiscal 2007. Software license revenue was the company's weak spot in the second quarter. The $3.4 million Logility earned was only a 2% increase over last year's Q2 license revenue. The real boon came from services, which were up 28% to $2 million, and maintenance revenues, up 12% to $5.7 million. [Click to continue] |
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