JDA Software has delivered a historically strong set of financial results, which it says has been driven by end-to-end supply chain transformations.
Strong financial momentum has been driven by customer demand for its software and software-as-a-service (SaaS) solutions in the first quarter of 2018.
In a statement, JDA said the results underscore its focus on delivering a cognitive, connected, end-to-end supply chain platform, capable of powering autonomous decision-making and delivering enhanced value to our customers.
“In today’s digital transformations, the ability to synchronise data across the enterprise is critical for success. JDA’s portfolio of end-to-end supply chain across planning, warehouse & transportation, and retail operations is driving real-time insights for our customers,” said Girish Rishi, chief executive officer, JDA.
“We’ll unveil much of our innovations next week at our annual customer conference, JDA FOCUS 2018, where we look forward to welcoming more than 2,000 JDA customers and partners from around the globe.”
Q1 2018 Product (software and SaaS) bookings and revenue grew significantly, 26% year-over-year (YoY) and 36% respectively.
Q1 SaaS bookings grew 107% year-over-year (YoY). Total revenue grew by 13% in Q1 2018 compared to the same period last year. Q1 2018 Professional Services revenue also demonstrated strong growth of 20% YoY. In addition, JDA’s cash position is the strongest in more than five years.
JDA closed 5 product deals over $1mn in Q1 2018, representing a 150% YoY increase in large deal wins. JDA added 25 net-new customers in Q1 2018.