SaaS Momentum Fuels JDA’s Strong Q2 Results
SCOTTSDALE, Ariz.--(BUSINESS WIRE)--Jul 31, 2018-- today announced strong financial momentum and customer demand for its software and software-as-a-service (SaaS) solutions in the second quarter of 2018. These results underscore JDA’s focus on delivering on digital supply chain transformations across its end-to-end supply chain platform, delivering cognitive insights that enable more intelligent, automated business decisions to help make companies more competitive and profitable.
“Customer response to our JDA Luminate product line has been very positive. With our recently announced acquisition of Blue Yonder and our sights set on delivering an Autonomous Supply Chain TM, we are infusing new, innovative capabilities on the edge to further automate intelligent decision-making,” said Girish Rishi, chief executive officer, JDA. “Also, I take this opportunity to acknowledge the JDA team that is living our values and building a culture of operational excellence, which has led to yet another quarter of delivering profitable growth across each segment of our business.”
SaaS bookings accelerate in Q2, coupled with sustained profitable growth across Product bookings
Q2 2018 Product (software and SaaS) bookings grew 14 percent year-over-year (YoY) fueled by a 314 percent YoY increase in SaaS bookings, marking JDA’s 10 th consecutive quarter of double digit product bookings growth on a YOY basis. Total revenue grew by 11 percent and product revenue grew 16 percent in Q2 2018 compared to the same period last year. Q2 2018 Professional Services revenue also demonstrated strong growth of 21 percent YoY. In addition, JDA’s cash position is the strongest in more than five years.
Customer momentum continues to grow year over year
JDA closed seven product deals over $1 million in Q2 2018, continuing the momentum seen in recent quarters for customers relying on JDA for their large, transformational digital supply chain initiatives. JDA also signed its largest SaaS deal in company history. JDA added 34 new customers in Q2 2018, representing an increase of 36 percent versus Q1 2018, and an increase of 31 percent versus Q2 2017. Some of the customers that selected or extended their footprint with JDA during the quarter include:Americas: Albertsons, Cabot Corp., Canadian Broadcasting Corp., CEMEX, Cypress Semiconductor, DSV Air and Sea, Exel dba DHL Supply Chain, National Oilwell Varco, L.P., Penske Logistics, Royal Farms, Southern Glazer’s Wine and Spirits, Tillys APAC: Charoen Pokphand Foods PCL (CPF), China Resources Vanguard Co. Ltd., Foodstuffs (NZ) Ltd., Landmark Corp., Lion Commercial Corp., MediaTek Inc., PT GarudaFood Putra Putri Jaya, PT Trans Retail (Transmart Carrefour Indonesia), Volkswagen FAW Engine (Dalian) Co. Ltd., Wilcon Depot, Yum! Restaurants Consulting (Shanghai) Co. Ltd. EMEA: Bleckmann, Center Parcs, Comercial Grupo Anaya, DHL Supply Chain Management GmbH, Essity AB, IDS Borjomi Russia, Kemofarmacija d.d., Legrand, PEP, Pick n’ Pay, Royal FloraHolland, Système U
About JDA Software, Inc.
JDA Software is the leading supply chain software provider powering today’s digital transformations. We help companies optimize delivery to customers by enabling them to predict and shape demand, fulfill faster and more intelligently, and improve customer experiences and loyalty. More than 4,000 global customers use our unmatched end-to-end software and SaaS solutions to unify and shorten their supply chains, increase speed of execution, and profitably deliver to their customers. Our world-class client roster includes 75 of the top 100 retailers, 77 of the top 100 consumer goods companies, and 8 of the top 10 global 3PLs. Running JDA, you can plan to deliver.www.jda.com
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“JDA” is a trademark or registered trademark of JDA Software Group, Inc. Any trade, product or service name referenced in this document using the name “JDA” is a trademark and/or property of JDA Software Group, Inc.
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CONTACT: JDA Software, Inc.
Jolene Peixoto, +1 978-475-0524
Senior Director, Corporate Communications
KEYWORD: UNITED STATES NORTH AMERICA ARIZONA
INDUSTRY KEYWORD: TECHNOLOGY DATA MANAGEMENT SUPPLY CHAIN MANAGEMENT NETWORKS SOFTWARE TRANSPORT LOGISTICS/SUPPLY CHAIN MANAGEMENT RETAIL
SOURCE: JDA Software, Inc.
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PUB: 07/31/2018 09:00 AM/DISC: 07/31/2018 09:01 AM