JDA Software Reports; Issues Guidance

JDA Software Group Inc. announced financial results for the third quarter ended September 30, 2009. JDA reported total revenues of $95.9 million and software revenues of $17.3 million for third quarter 2009, compared to total revenues of $98.4 million and software revenues of $23.0 million for third quarter 2008. For the nine months ended September 30, 2009, JDA reported total revenues of $278.7 million and software revenues of $60.2 million, compared to total revenues of $284.1 million and software revenues of $58.6 million for the nine months ended September 30, 2008.

“We guided to a sequentially lower third quarter software sales result, and the actual third quarter results closed in line with our expectations,” said JDA CEO Hamish Brewer.

“We also guided to a strong software sales result in the fourth quarter and today we can reiterate our guidance for second half 2009, including projected software sales between $26 million to $30 million for fourth quarter 2009. Supported by the strong performance from consulting services, I am pleased with the overall EBITDA margin of 25% and the $20.0 million of cash flow generated from operations in third quarter 2009,” Brewer added.