Shares of JDA Software (JDAS) are up $1.95, or 9%, at $24.10, after the company this afternoon reported Q3 revenue of $158 million, up 62%, and ahead of the average $156 million estimate, and profit per share of 47 cents, excluding some costs, two cents better than expected.
Software and subscription revenue rose 28%, while maintenance revenue rose 43%. Of course, a good chunk of that year-over-year increase was thanks to the acquisition of i2 software this year.
The stock’s outsized reaction may in part be a reflection of the pressure on the stock in the last few months: it’s down roughly 11% since the end of July, as the company missed Q2 EPS estimates and received an adverse judgment this month in a lawsuit brought against i2 by the Dillard‘s (DDS) department store.
On a conference call with analysts JDA management said the company had sufficient visibility into its software pipeline to predict it will probably hit the “high end” of the company’s previously forecast range of $590 million to $625 million in annual revenue, which would be above the current $612 million estimate.
The company also expects that because of its ongoing legal expenses, however, it will be closer to the low end of a forecast for $1.85 to $2 per share in non-GAAP earnings. The Street has been at $1.89 per share.
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