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by Stephanie Neil, MA Editorial Staff
Posted on Tuesday, March 07, 2006 5:48:00 PM Sign Up to receive Daily News Alerts in your E-mail Inbox    | Abstract: | SAP partnership helps supply chain software vendor post record revenues and robust profits as a follow up to a strong fiscal second quarter. |
Leveraging a new SAP Business One partnership, supply chain software purveyor Logility Inc. today detailed a fiscal third-quarter performance that suggests its turnaround plan is delivering the intended results. The Atlanta company posted record revenues of $10.1 million in the period ended January 31, an increase of 41% over the like period in fiscal 2005. This comes follows a second-quarter turnaround, when the company reported $9.3 million in total revenues, which represented a 92% increase over the like period the previous year. Operating earnings for the third quarter were a record $2.2 million, reversing a loss of $224,000 for the like period in fiscal 2005. Net earnings on a Generally Accepted Accounting Principles (GAAP) basis were $1.9 million, which compared to a net loss of $174,000 in last year's third quarter. [Click to continue] |
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