• The Four Hundred
  • Subscribe
  • Media Kit
  • Contributors
  • About Us
  • Contact
Menu
  • The Four Hundred
  • Subscribe
  • Media Kit
  • Contributors
  • About Us
  • Contact
  • Logility’s Sales Rocket Skyward in Fiscal Q4

    July 31, 2006 Dan Burger

    When you turn in an annual report that shows software license fees increased 107 percent compared to one year earlier, there’s good reason for excitement. That was perhaps the most telling number among many positive trends as the supply chain collaborative software vendor Logility rang up record revenues and earnings in its fourth quarter and fiscal year 2006 reports.

    According to Logility’s president and chief executive officer, J. Michael Edenfield, company records were broken in the categories of annual revenues, operating earnings, and net earnings. Edenfield also noted a record 88 new customers during the fiscal year. That, along with expanded deployments of supply chain software with existing customers, points to a combination of the right product mix and the right price. It also resulted in a 50 percent increase in total annual revenue.

    “Logility provides supply chain solutions that give small, medium, large, and Fortune 1000 companies the visibility they need to overcome global supply chain challenges, reduce costs, and improve service,” Edenfield said in a statement provided to the press. “Our goal is to help customers take costs out of their supply chains by streamlining the sales and operations planning process, synchronizing supply with demand, improving forecast accuracy, automating transportation and warehouse operations, and providing greater visibility to enable better decision-making.”

    What Edenfield didn’t acknowledge in his comments was that the 12-month fiscal 2006 financial data included revenue and expenses from Demand Management, an apparel industry software company that Logility acquired September 30, 2004. Demand Management specializes in forecasting, demand planning, and point-of-sale analysis. The fiscal 2005 figures only show the Demand Management contributions for seven months compared to a full 12 months in fiscal 2006.

    Comparing the fourth quarter (ended April 30) financial highlights of 2006 with 2005: Software license fees were $3.9 million, a 74 percent increase; maintenance revenues were $4.6 million, a 23 percent increase; total revenues were $10.1 million, a 34 percent increase; and operating earnings were $1.8 million, compared to an operating loss of $374,000.

    Fiscal year 2006 financial highlights, compared with 2005, include: Total revenues of $37.3 million, a 50 percent increase; software license fees of $13.9 million, a 107 percent increase; services and other revenues of $5.8 million, an 11 percent increase; and maintenance revenues of $17.6 million, a 36 percent increase. Operating earnings were $6 million, compared to an operating loss of $876,000.

    The company reports approximately 60 new deployments or significant upgrades of Logility Voyager Solutions during fiscal year 2006. Software license agreements were signed with both new and existing customers located in 20 countries.

    The current version of Logility’s supply chain management suite is Voyager Solutions v.7.5. Its latest round of enhancements for distribution-intensive companies included the Web enablement of applications that provide increased visibility, demand, inventory, and replenishment planning; supply and global sourcing optimization; transportation planning and execution; and warehouse management.

    Share this:

    • Reddit
    • Facebook
    • LinkedIn
    • Twitter
    • Email

    Tags: Tags: mtfh_rc, Volume 15, Number 30 -- July 31, 2006

    Sponsored by
    WorksRight Software

    Do you need area code information?
    Do you need ZIP Code information?
    Do you need ZIP+4 information?
    Do you need city name information?
    Do you need county information?
    Do you need a nearest dealer locator system?

    We can HELP! We have affordable AS/400 software and data to do all of the above. Whether you need a simple city name retrieval system or a sophisticated CASS postal coding system, we have it for you!

    The ZIP/CITY system is based on 5-digit ZIP Codes. You can retrieve city names, state names, county names, area codes, time zones, latitude, longitude, and more just by knowing the ZIP Code. We supply information on all the latest area code changes. A nearest dealer locator function is also included. ZIP/CITY includes software, data, monthly updates, and unlimited support. The cost is $495 per year.

    PER/ZIP4 is a sophisticated CASS certified postal coding system for assigning ZIP Codes, ZIP+4, carrier route, and delivery point codes. PER/ZIP4 also provides county names and FIPS codes. PER/ZIP4 can be used interactively, in batch, and with callable programs. PER/ZIP4 includes software, data, monthly updates, and unlimited support. The cost is $3,900 for the first year, and $1,950 for renewal.

    Just call us and we’ll arrange for 30 days FREE use of either ZIP/CITY or PER/ZIP4.

    WorksRight Software, Inc.
    Phone: 601-856-8337
    Fax: 601-856-9432
    Email: software@worksright.com
    Website: www.worksright.com

    Share this:

    • Reddit
    • Facebook
    • LinkedIn
    • Twitter
    • Email

    Admin Alert: Automatic Ways to Assign Group Authorities to an Object Print PC Documents to iSeries Printers

    Leave a Reply Cancel reply

TFH Volume: 15 Issue: 30

This Issue Sponsored By

    Table of Contents

    • Agilysys Blames Fiscal Q1 Sales Weakness on IBM ‘Proprietary Servers’
    • Everybody Loves SOA, Aberdeen Survey Says
    • Bang for the Buck: Baby i5 Servers Versus Windows and Linux Boxes
    • IT Shops Expect iSCSI and Fibre Channel to Co-Exist
    • IBM Creates a Performance-Based Pricing Scheme for Software
    • Lawson Reports Preliminary Q4 Results, Loses CFO, and Buys CAS
    • New Vendors Join SOA Collaboration Group
    • Logility’s Sales Rocket Skyward in Fiscal Q4
    • As I See It: Productivity and Relationship
    • The Blogosphere Says the IRS Uses the iSeries to Manage Bill Gates’ Personal Taxes

    Content archive

    • The Four Hundred
    • Four Hundred Stuff
    • Four Hundred Guru

    Recent Posts

    • IBM Tweaks Some Power Systems Prices Down, Others Up
    • Disaster Recovery: From OS/400 V5R3 To IBM i 7.4 In 36 Hours
    • The Disconnect In Modernization Planning And Execution
    • Superior Support: One Of The Reasons You Pay The Power Systems Premium
    • IBM i PTF Guide, Volume 25, Number 13
    • IBM i Has a Future ‘If Kept Up To Date,’ IDC Says
    • When You Need Us, We Are Ready To Do Grunt Work
    • Generative AI: Coming to an ERP Near You
    • Four Hundred Monitor, March 22
    • IBM i PTF Guide, Volume 25, Number 12

    Subscribe

    To get news from IT Jungle sent to your inbox every week, subscribe to our newsletter.

    Pages

    • About Us
    • Contact
    • Contributors
    • Four Hundred Monitor
    • IBM i PTF Guide
    • Media Kit
    • Subscribe

    Search

    Copyright © 2023 IT Jungle