Record Second-Quarter Results for JDA Software

Aug. 5, 2009

Scottsdale, Ariz.-based JDA Software Group Inc. hailed its second-quarter 2009 financials as record-breaking "across almost every key metric."

Josh Cable

For the second quarter ended June 30, JDA reported total revenues of $99.5 million and software revenues of $27.6 million, compared with total revenues of $91.8 million and software revenues of $15.5 million for second-quarter 2008.

For the six months ended June 30, JDA reported total revenues of $182.8 million and software revenues of $42.9 million, compared with total revenues of $185.7 million and software revenues of $35.6 million for the six months ended June 30, 2008.

"We posted a strong performance in second-quarter 2009 with record financial and operating results across almost every key metric," said JDA CEO Hamish Brewer. "We have delivered record-breaking software sales in three of the last four quarters. These results are driving growth for the company in a tough environment and we have started to see the turnaround in our consulting services metrics that we previously forecasted."

Among the second-quarter highlights, JDA closed a total of 68 new software deals, including five contracts exceeding $1 million. Three of the large deals were in the Americas region, one was in Europe and one was in Asia Pacific, according to the company.

Adjusted EBITDA increased to $45.4 million for the six months ended June 30, compared with $42.3 million for the six months ended June 30, 2008.

In other recent news for the company, JDA announced the appointment of Peter Hathaway to the position of executive vice president and chief financial officer, effective July 20.

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About the Author

Josh Cable | Former Senior Editor

Former Senior Editor Josh Cable covered innovation issues -- including trends and best practices in R&D, process improvement and product development. He also reported on the best practices of the most successful companies and executives in the world of transportation manufacturing, which encompasses the aerospace, automotive, rail and shipbuilding sectors.

Josh also led the IndustryWeek Manufacturing Hall of Fame, IW’s annual tribute to the most influential executives and thought leaders in U.S. manufacturing history.

Before joining IndustryWeek, Josh was the editor-in-chief of Penton Media’s Government Product News and Government Procurement. He also was an award-winning beat reporter for several small newspapers in Northeast Ohio.

Josh received his BFA in creative writing from Bowling Green University, and continued his professional development through course-work at Ohio University and Cuyahoga Community College.

A lifelong resident of the Buckeye State, Josh currently lives in the Tremont neighborhood of Cleveland. When the weather cooperates, you’ll find him riding his bike to work, exercising his green thumb in the backyard or playing ultimate Frisbee.