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by David R. Brousell, MA Editorial Staff Posted on Wednesday, March 07, 2007 5:40:00 PM Sign Up to receive Daily News Alerts in your E-mail Inbox    | Abstract: | Supply chain management vendor reports a strong surge in revenues but only a slight improvement in net income for its fiscal third quarter. |
| Keywords: | Logility, third quarter, earnings, revenue, supply chain management, SCM, Voyager, supply chain software, net income |
Supply chain software provider Logility, Inc. announced today what it said were record financial results for its third fiscal quarter, with total revenues climbing 12% year over year to $11.3 million. The Atlanta-based company, majority owned by American Software, said that GAAP net earnings for the quarter ended Jan. 31, 2007, inched up slightly to $2 million, or $0.15 per fully diluted share, compared with $1.9 million, or $0.14 per share, in the like period a year ago. Software license fees, however, slipped again this quarter, off 3% from the year earlier period to $3.9 million. Company officials were quick to point out, though, that software license fees rose 17% when compared with the company's second fiscal quarter ended Oct. 31, 2006. [Click to continue] |
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