The Scottsdale, Arizona based provider of demand chain software and services for the retail market, said for the first quarter ended March 31, it expects to post a first-quarter loss of about $0.08 to $0.09 a share, compared with a net profit of $0.16 in the year-ago quarter.
Revenue is expected to be around $41m, with software sales of roughly $7.7m. In the year-ago quarter it posted $59.1m revenue, and $19.50m software sales. Wall Street had expected JDA to post revenue of $49.6m for the quarter, on earnings of $0.08 a share, according to Thomson First Call.
Cash flow from operations remained positive during the quarter, and it ended up with approximately $105m in cash and investments.
Our results were heavily impacted by two factors this quarter. First, weak economic conditions, including our customers’ own poor sales, have impacted spending. Every geographic region in which we operate experienced increased delays in spending decisions as a result of an apparent lock-down on budgets. Second, the Customer Value Program impacted revenue, particularly services revenues, to a greater extent than anticipated because of the heavy involvement of our services personnel in the program’s roll-out, and the reorganization of our sales organization, said chief executive officer Jim Armstrong. JDA plans to report its first-quarter results on April 21.
Source: Computerwire
