- The Washington Times - Monday, April 20, 2009

SCOTTSDALE, ARIZ. (AP) - JDA Software Group Inc., which makes software to help retailers manage their inventories, said Monday its first-quarter profit declined 51 percent amid lower revenue.

The company earned $2.6 million, or 8 cents per share, down from a profit of 5.4 million, or 15 cents per share, during the same period a year earlier. Excluding restructuring charges and other items, the company earned 26 cents per share in the latest quarter.

Revenue fell 11 percent to $83.3 million from $93.9 million.

Analysts, on average, were expecting a profit of 31 cents per share on sales of $89.1 million, according to a poll by Thomson Reuters. Analysts typically exclude one-time items from their estimates.

“We delivered a solid, profitable quarter with strong cash flows, which underscores the durable nature of our business model in these difficult times,” Chief Executive Hamish Brewer said in a statement.

JDA’s shares slipped 67 cents, or 5.6 percent, to $11.25 after-hours trading, after closing down 83 cents, or 6.5 percent, at $11.92 in the regular session.

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