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May 11, 2009

i2 Technologies Q1 net income down

Posted a total revenue of $56.38m compared to $62.58m for the first quarter of 2008

By CBR Staff Writer

i2 Technologies, a provider of supply chain management services, has reported a net income of available to common shareholders of $1.87m, or diluted earnings per share available to common share holders of $0.07, for the first quarter ended March 31, 2009, compared to $2.08m, or diluted earnings per share available to common share holders of $0.08, for the same quarter of 2008.

For the first quarter of fiscal 2009, total revenues were $56.38m, compared to $62.58m for the same quarter of 2008. Operating income was $5.62m, compared to $4.07m for the same quarter of 2008.

The company has reported a net income for the first quarter of 2009 was $2.66m, compared to $2.85m for the same quarter of 2008.

Jackson Wilson, Jr, CEO of i2 Technologies, said: We are very pleased to report year-over-year growth in total bookings for the first quarter, recording more than $66m in total bookings, particularly in this challenging economic environment. During the quarter, we implemented certain structural and sustainable changes to our business model, including capital structure improvements, selective realignment of resources, and the rightsizing of certain overhead costs. The changes we implemented during the first quarter provide increased focus on our software license sales approach and enhance our customer service and delivery.

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