JDA Software to Hold First Quarter 2012 Business Update Conference Call
May 07 2012 - 4:01PM
Business Wire
JDA® Software Group, Inc. (NASDAQ: JDAS), The Supply Chain
Company®, today will host a conference call with investors and
analysts during which it will provide a business update regarding
its first quarter of 2012 ended March 31, 2012.
As previously announced, the Company is in the process of
restating its financial results for the period 2008 through 2010 to
properly reflect certain revenue recognition and other immaterial
accounting adjustments. Accordingly, in the first quarter business
update conference call, JDA management will address only the
business environment and strategic developments at the Company. The
discussion of financial performance will be restricted to a report
of cash and cash equivalents and specific costs incurred during the
first quarter, specifically:
- Cash and cash equivalents, including
restricted cash, increased $46 million to approximately $341
million at March 31, 2012, from $295 million at December 31,
2011.
- The Company incurred approximately $5
million of cost associated with the SEC inquiry and financial
restatement process during the first quarter 2012.
Conference Call Information
JDA Software Group, Inc. will host a conference call at 4:45
p.m. Eastern time today to discuss its First Quarter 2012 Business
Update. To participate in the call, dial 1-888-846-5003 (United
States) or 1-480-629-9856 (International) and ask the operator for
the "JDA Software Group, Inc. First Quarter 2012 Conference Call."
A live audio webcast of the conference call can be accessed by
logging onto www.jda.com in the Investor Relations section.
A replay of the conference call will begin on May 7, 2012 at
7:45 p.m. Eastern time and will end on June 7, 2012. To hear a
replay of the call over the Internet, access JDA’s website at
www.jda.com.
About JDA Software Group
JDA® Software Group, Inc. (NASDAQ: JDAS), The Supply Chain
Company®, is the leading provider of innovative supply chain
management, merchandising and pricing excellence solutions
worldwide. JDA empowers more than 6,000 companies of all sizes to
make optimal decisions that improve profitability and achieve real
results in the manufacturing, wholesale distribution,
transportation, retail and services industries. With an integrated
solutions offering that spans the entire supply chain from
materials to the consumer, JDA leverages the powerful heritage and
knowledge capital of acquired market leaders including i2
Technologies®, Manugistics®, E3®, Intactix® and Arthur®. JDA’s
robust services offering, including complete solution lifecycle
management via JDA Cloud Services, provides customers with
leading-edge industry practices and supply chain expertise, lower
total cost of ownership, long-term business value, and 24/7
functional and technical support. To learn more, visit jda.com or
email info@jda.com.
“Safe Harbor” Statement under the U.S. Private Securities
Litigation Reform Act of 1995
This press release contains forward-looking statements that are
made in reliance upon the safe harbor provisions of the Private
Securities Litigation Reform Act of 1995. Forward-looking
statements are generally accompanied by words such as “will,” and
“expect” and other words with forward-looking connotations.
Information relating to the uncertainty affecting our business is
contained in our filings with the SEC. Actual results may differ
materially from those predicted as a result of these and other
risks, including but not limited to, our ability to timely complete
the restatement of our historical financial results and complete
and file our delinquent Annual Report on Form 10-K for the fiscal
year ended December 31, 2011, the fact that our historical
financial results are not finalized and are subject to change, and
the outcome of an ongoing SEC inquiry. JDA is not under any
obligation to (and expressly disclaims any such obligation to)
update or alter its forward-looking statements, whether as a result
of new information, future events or otherwise.
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