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by Diane Himes, MA Editorial Staff
Posted on Thursday, November 01, 2007 3:46:00 PM Sign Up to receive Daily News Alerts in your E-mail Inbox    | Abstract: | The supply chain software provider posts disappointing results and forms a committee to explore its options, including a possible sale of the company. |
| Keywords: | i2 earnings, i2 sales |
In a reversal of its revenue results from a year ago, supply chain management software provider i2 Technologies today reported an 18% increase in profit, while total revenue was down 7% for the quarter ended Sept. 30. A 49% drop in software license revenue was the main contributor to the company's lower quarterly total of $66.5 million, compared with $71.4 million in the like period last year. Total revenue from "software solutions" — which include core license revenue, recurring license revenue, and fees collected for developing licensed functionality — was $10.5 million, compared with $20.6 million a year ago. Services revenue, however, jumped 24% year over year, totaling $33.4 million, and representing the third consecutive quarter in which services revenue grew by at least 20% year over year. Maintenance revenue dropped 5% to $22.6 million. [Click to continue] |
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