After Strong Game, Logility Suffers Fourth Quarter Loss
Steve McVey - June 14, 2000

Event Summary

Business-to-business collaborative planning software vendor Logility, Inc. reported results for the fourth quarter of fiscal 2000. Total revenues were $6.9 million, a 21% decline compared to total revenue of $7.8 million for the quarter ended January 31, 2000. For the first time in over a year, Logility reported a net loss of $646,000 for the quarter due primarily from lower than expected license fees. Despite the fourth quarter results, the company expects to be profitable for fiscal year 2000. In addition, the overall financial condition of the company remains good, with cash and short-term investments of approximately $25 million and no debt...