JDA reports higher profit
JDA Software Group said it had second quarter net profit of $10.1 million compared to $7.9 million in the same 2010 period.
Revenue for the quarter ending June 30 was $162.4 million, a 3 percent increase from $158.4 million of revenue reported in second quarter 2010.
JDA provides supply chain management, merchandising and pricing software for more than 6,000 companies.
“Second quarter software sales did not meet our expectation, however, our outlook for the second half remains strong. In particular, we currently anticipate an unusually strong third quarter that is expected to be combined with a typically strong fourth quarter,” said JDA Software President and Chief Executive Officer Hamish Brewer.
The company said software and subscription revenue was $30.8 million in the second quarter 2011 compared to $38 million in the second quarter 2010. It said the decrease was primarily due to lower sales in North America and Asia Pacific, partially offset by continued solid results from the Europe, Middle East, and Africa region.
Maintenance revenue increased 9 percent to $66.1 million from $60.6 million in the second quarter 2010.
Consulting services revenue increased 10 percent to $65.5 million from $59.8 million in the second quarter 2010. The increase was primarily due to the implementation services work associated with larger software sales.
