JDA Software Reports Solid First Quarter 2009 Results

Scottsdale, Ariz. – April 20, 2009 – JDA® Software Group, Inc. (NASDAQ: JDAS) today announced financial results for the first quarter ended March 31, 2009. JDA reported total revenues of $83.3 million and software revenues of $15.3 million for first quarter 2009, compared to total revenues of $93.9 million and software revenues of $20.0 million for first quarter 2008.

First Quarter 2009 Financial Summary

Adjusted EBITDA (Earnings before interest, taxes, depreciation and amortization) was $16.7 million in the first quarter 2009, compared to $21.9 million in first quarter 2008.

Adjusted non-GAAP earnings for first quarter 2009 were $0.26 per share as compared to $0.33 per share in first quarter 2008, and exclude amortization of acquired software technology and intangibles, restructuring charges and stock-based compensation.

The Company reported GAAP net income for first quarter 2009 of $2.6 million or $0.08 per share, compared to GAAP net income of $5.4 million or $0.15 per share in first quarter 2008.

DSOs were 71 days at the end of first quarter 2009, compared to 79 days at the end of first quarter 2008.

The Company reported cash flow from operations of $33.1 million in first quarter 2009 compared to cash flow of $23.1 million in first quarter 2008.

The Company had cash and cash equivalents of $63.0 million at March 31, 2009, compared to $32.7 million at December 31, 2008, and no debt at either date.

JDA repurchased 229,912 shares of its common stock for $2.5 million in first quarter 2009 at prices ranging from $10.34 to $11.0 per share. The shares were repurchased pursuant to a program approved by JDA’s Board to invest up to $30.0 million to repurchase shares of common stock in the open market or in private transactions at prevailing market prices during the 12-month period ending March 10, 2010.
“We delivered a solid, profitable quarter with strong cash flows, which underscores the durable nature of our business model in these difficult times,” said JDA CEO Hamish Brewer. “Another important metric that highlights the strength of our value proposition is our annualized maintenance retention in first quarter 2009, which at 96.7% was only slightly lower than first quarter 2008 when we saw 97.3% retention.”

“We see continuing evidence that the market is focused on IT solutions that can reliably reduce working capital, improve margins and minimize lost sales. This trend is good news for JDA as we are broadly recognized as the market leader proven to cost-efficiently deliver supply chain planning and optimization solutions that drive these results,” added Brewer.

First Quarter 2009 Software Highlights

JDA closed a total of 46 new software deals during the quarter, including three contracts exceeding $1.0 million in first quarter 2009. Two of these deals were in the Americas region and one was in Europe.

JDA’s Americas region closed $11.1 million in software license deals in the first quarter 2009, compared to $13.2 million in first quarter 2008. Software transactions with Americas customers included: Carlson Hotels Worldwide, Goya Foods Inc., Havi Global Solutions, Kirkland's Inc., Metro Inc., Polo Ralph Lauren Corporation, RONA Inc. and Wawa Inc.

Software sales in JDA’s Europe, Middle East and Africa (EMEA) region were $3.2 million in first quarter 2009, compared to $4.7 million in first quarter 2008. EMEA customers that signed license agreements in first quarter 2009 included: CASHBUILD, Rexel SA and TDG Ltd.

JDA’s Asia Pacific region posted software sales of $1.0 million in first quarter 2009, compared to $2.1 million in first quarter 2008. Wins in this region included: Duty Free Philippines, Nagatanien Co. Ltd., New City Commercial Corporation, Portland Group and Rose Pharmacy, Inc.
Conference Call Information

JDA Software Group, Inc. will host a conference call at 4:45 p.m. (Eastern) today to discuss earnings results for its first quarter ended March 31, 2009. To participate in the call, dial 1-800-762-8779 (United States) or 1-480-248-5081 (International) and ask the operator for the “JDA Software Group, Inc. First Quarter 2009 Earnings Conference Call.” To participate in the webcast, visit the following Web page at the time of the conference call: http://viavid.net/dce.aspx?sid=00006068.

A replay of the conference call will begin Monday, April 20, 2009 at 7:45 p.m. (Eastern) and will end on Wednesday, May 20, 2009 at 11:59 p.m. (Eastern). You can hear the replay by dialing 1-800-406-7325 (United States) or 1-303-590-3030 (International) using access 4038157.

About JDA Software Group, Inc.
JDA® Software Group, Inc. (NASDAQ: JDAS) is the world’s leading supply chain solutions provider, helping companies optimize operations and improve profitability. JDA drives business efficiency for its global customer base of more than 5,800 retailers, manufacturers, wholesaler-distributors and services industries companies through deep domain expertise and innovative solutions. JDA's combination of unmatched services, together with its integrated yet modular solutions for merchandising, supply chain planning and execution and revenue management, leverage the strong heritage and knowledge capital of market leaders including Manugistics, E3, Intactix and Arthur. When supply chain results matter, companies turn to JDA. For more information about JDA, visit www.jda.com or contact us at info@jda.com or call +1.800.479.7382 / +1.480.308.3000.