JDA Has a “Flying Start” in the First Quarter
April 23, 2007 Timothy Prickett Morgan
JDA Software hosted its annual Focus user conference in New Orleans last week, and took the occasion as springboard to talk about preliminary financial results for its first quarter ended March 31. And the numbers, which have been driven by JDA’s acquisition of supply chain software provider Manugistics last year, are continuing to improve. JDA said that it expects sales for the quarter to be between $89.7 million and $90.7 million. Software license sales during the quarter will be $17 million in the quarter, with $4.2 million coming from the formerly independent Manugistics, which contributed $36.5 million to the top-line cause. This time last year, before Manugistics was bought, JDA had software sales of $7.1 million and overall sales of $47.9 million. If you do the math on all that–which JDA did not do for some mysterious reason–it shows that the JDA half of the business will grow by 11 percent to 13 percent, and software sales for the JDA piece of the combined company will grow by 80 percent. This is very good growth, obviously. And because of this, JDA said that it expects to be able to kick out between 15 cents and 17 cents a share in net earnings per share in the quarter, compared to 2 cents a share a year ago. JDA paid off $15 million of debt in the quarter, leaving $126.1 million on the books, and had $61.1 million in cash and equivalents. “2007 is an important year for JDA as we consolidate and leverage the operations of Manugistics and begin to see the results of the organizational changes we put in place in 2006,” explained Hamish Brewer, JDA’s chief executive officer in a statement. “Combining the positive impact of Manugistics with strong year-over-year growth in sales of the heritage JDA products, this first quarter result gives us a flying start to the year.” RELATED STORIES Manugistics Acquisition Powers Growth for JDA in the Fourth Quarter JDA Emphasizes VARs to Attack the Retail Sector JDA Software Buys Supply Chain Specialist Manugistics Intel Partnership Doesn’t Hurt iSeries Strategy, JDA Software Says
|