Rochester,NY 6/26/2009 9:21:04 PM
LGTY,Logility Reports Preliminary Fourth Quarter and Fiscal Year 2009 Results
Logility Inc
Morning Movers- LGTY - Logility Reports Preliminary Fourth Quarter and Fiscal Year 2009 Results - Sourced WhisperFromWallStreet.com
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Logility Inc,LGTY
After Hours: 6.96 Down 0.02 (0.29%) 9:48AM ET
Logility, Inc. (Nasdaq: LGTY - News), a leading supplier of collaborative solutions to optimize the supply chain, today announced financial results for the fourth quarter of fiscal year 2009.
Key fourth quarter fiscal year 2009 financial highlights include:
Total revenues for the quarter ended April 30, 2009 were $11.1 million, a decrease of 7% compared to the fourth quarter of fiscal 2008;
Software license fees for the quarter ended April 30, 2009 were $3.9 million, a decrease of 7% compared to the fourth quarter of fiscal 2008;
Services and other revenues for the quarter ended April 30, 2009 were $1.6 million, a decrease of 14% compared to the fourth quarter of fiscal 2008;
Maintenance revenues for the quarter ended April 30, 2009 were $5.7 million, a decrease of 4% compared to the fourth quarter of fiscal 2008;
Operating earnings for the quarter ended April 30, 2009 were $2.7 million, an increase of 13% compared to operating earnings of $2.4 million for the fourth quarter of fiscal 2008; and
Commencement of a Tender Offer by American Software for all shares of Logility not owned by American Software at $7.02 per share.
About
Logility, Inc. provides supply chain management solutions to streamline and optimize the market planning, management, production, and distribution of products. It offers Logility Voyager Solutions, an integrated software suite that provides supply chain management, including collaborative planning, strategic network design, optimized supply sourcing, production management, warehouse management, and collaborative logistics services. Its Logility Voyager Solutions incorporate performance management analytics to support decision making for processes, such as demand management, inventory and supply optimization, manufacturing planning and scheduling, transportation planning and management, and sales and operations planning. This suite also interfaces with a range of existing enterprise applications deployed on various Internet and client/server operating environments and platforms.
Last Trade: 6.96
Day's Range: 6.96 - 7.00
52wk Range: 3.89 - 7.77
Volume: 857
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