Sales Up for Supply Chain Management Providers

From ManagingAutomation: “Sales of supply chain management software grew in the most recent quarter, according to two reports this week from SCM and ERP vendors.

JDA Software, a pioneer in the supply chain management space, reported revenue for the fourth quarter, ended Dec. 31, 2010, of $168.8 million, far exceeding the $107.1 million it took in in the fourth quarter of 2009.

The outsize increase in revenue from JDA’s supply chain management products and services—58%—came mainly at the hand of its i2 Technologies subsidiary, a longtime rival in the supply chain management software market that JDA acquired in early 2010. Stripped of the i2 boost, JDA still managed to improve its SCM and related sales by 6% over the final quarter of 2009, taking in $113.9 million in revenue. JDA turned that into net income of $5.8 million, a letdown from the prior-year quarter, when it netted $8.5 million.

In announcing the results, JDA also served notice that it intends to grow its presence in the supply chain management market, saying that it expects double-digit sales growth each year on its way to becoming a $1 billion company. Total revenue in 2010 was $617.2 million. It predicted strong demand for supply chain management products in 2011, forecasting total revenue of $650 million to $690 million by year’s end.

In a statement, JDA CEO Hamish Brewer called the 2010 results “significant progress with our strategic plan to build a $1 billion leader in the Supply Chain Management market.” View full article at Managing Automation

This entry was posted in Emerging Trends, Information Technology, News & Info, Professional Communications, Supply Chain Management and tagged . Bookmark the permalink.

Comments are closed.