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by Diane Himes, MA Editorial Staff
Posted on Tuesday, May 01, 2007 5:35:00 PM Sign Up to receive Daily News Alerts in your E-mail Inbox    | Abstract: | i2 rivals JDA Software and Manhattan Associates, meanwhile, report stronger financial results, while i2 announces plans to acquire Blue Agave. |
| Keywords: | i2, i2 Technologies, JDA Software, Manhattan Associates, supply chain software, first quarter financials, Michael McGrath, i2 CEO |
Supply chain software provider i2 Technologies today reported disappointing results in both its software and maintenance revenues and new software bookings for the first quarter ended March 31, 2007, but saw growth in its services business. i2 also announced that its board of directors has initiated a search to replace President and CEO Michael McGrath, who is expected to retire from the company when his contract expires at the end of 2007. "We got off to a little slower start than we wanted," McGrath said of i2's first-quarter results on a conference call with investors. McGrath said the company currently has a strong pipeline of deals expected to close beginning in the second quarter. "As a company, we're still not to the point where we can achieve steady quarterly license bookings," McGrath said, pointing to a traditionally weak first quarter for the company. [Click to continue] |
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