-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, QJtoK4J38FGLwWos2jNQhqpsbnRWhdFxTIb7Le3Am9hdz9tACGQ6CDnhbrcw9ZLc l8Vnr9KMXpNH8yUOg6tXrQ== 0000950124-04-004717.txt : 20041007 0000950124-04-004717.hdr.sgml : 20041007 20041007070026 ACCESSION NUMBER: 0000950124-04-004717 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20041007 ITEM INFORMATION: Results of Operations and Financial Condition ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20041007 DATE AS OF CHANGE: 20041007 FILER: COMPANY DATA: COMPANY CONFORMED NAME: JDA SOFTWARE GROUP INC CENTRAL INDEX KEY: 0001006892 STANDARD INDUSTRIAL CLASSIFICATION: SERVICES-COMPUTER PROGRAMMING SERVICES [7371] IRS NUMBER: 860787377 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 000-27876 FILM NUMBER: 041069363 BUSINESS ADDRESS: STREET 1: 14400 N 87TH ST CITY: SCOTTSDALE STATE: AZ ZIP: 85260 BUSINESS PHONE: 4083083000 MAIL ADDRESS: STREET 1: 14400 N 87TH ST CITY: SCOTTSDALE STATE: AZ ZIP: 85260 8-K 1 p69715e8vk.htm FORM 8-K e8vk
 



UNITED STATES
SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549


FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934

Date of Report (Date of earliest event reported): October 7, 2004

JDA Software Group, Inc.

(Exact name of registrant as specified in its charter)
         
Delaware   0-27876   86-0787377
(State or other jurisdiction of   (Commission File Number)   (IRS Employer
incorporation)       Identification No.)
     
14400 North 87th Street    
Scottsdale, Arizona   85260-3649
(Address of principal executive offices)   (Zip Code)

(480) 308-3000
(Registrant’s telephone number, including area code)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

     
o
  Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
 
   
o
  Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
 
   
o
  Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2 (b))
 
   
o
  Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4 (c))



 


 

Item 2.02 Results of Operations and Financial Condition.

     On October 7, 2004, JDA Software Group, Inc. (“JDA”) announced certain of its preliminary financial results for the quarter ended September 30, 2004 by issuing a press release and on the same date, JDA will hold a related conference call to discuss these preliminary results. The full text of the press release issued in connection with the announcement is attached as Exhibit No. 99.1 to this Current Report on Form 8-K. The press release and the conference call contain forward-looking statements regarding JDA and include cautionary statements identifying important factors that could cause actual results to differ materially from those anticipated.

     The information in this Form 8-K and the Exhibits attached hereto shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934 (the “Exchange Act”) or otherwise subject to the liabilities of that section, nor shall it be deemed incorporated by reference in any filing under the Securities Act of 1933 or the Exchange Act, except as expressly set forth by specific reference in such a filing.

Use of Non-GAAP Financial Information

     JDA provides a non-GAAP measure of earnings per share in the attached press release regarding its preliminary earnings release. The presentation is intended to be a supplemental measure of performance and typically excludes non-cash charges such as amortization of intangibles, and non-recurring charges that impact the comparability of one quarter to another, or the comparability of JDA’s performance to another company that is providing this type of supplemental information. It is not intended to replace or to be displayed more prominently than our GAAP measurement of earnings per share. Our final earnings release for the quarter ended September 30, 2004 will include a clear, tabular disclosure to enable investors to reconcile the non-GAAP measures to the most directly comparable measure under GAAP.

Item 9.01 Financial Statements and Exhibits.

(c)   Exhibits
 
99.1   Press Release dated October 7, 2004.

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SIGNATURES

     Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
         
  JDA Software Group, Inc.
 
 
Date: October 7, 2004  By:   /s/ Kristen L. Magnuson  
    Kristen L. Magnuson   
    Executive Vice President and Chief Financial Officer   
 

3


 

EXHIBIT INDEX

     
EXHIBIT
  DESCRIPTION
99.1
  Press Release dated October 7, 2004.

 

EX-99.1 2 p69715exv99w1.htm EXHIBIT 99.1 exv99w1
 

Exhibit 99.1

    JDA Investor Relations Contacts:
    Lawrence Delaney, Jr., The Berlin Group
    Tel: 714-734-5000; larry@berlingroup.com
JDA Software Group, Inc.   Kristen L. Magnuson, Executive Vice
NEWS RELEASE   President & Chief Financial Officer, JDA
    Software Group, Inc.
    Tel: 480-308-3000

JDA Software Announces Preliminary Third Quarter Results

     Scottsdale, Ariz. – October 7, 2004 – JDA® Software Group, Inc. (Nasdaq: JDAS) today announced preliminary financial results for the quarter ended September 30, 2004. Based on unaudited results, JDA anticipates total revenues of approximately $50 million and software revenues of approximately $10 million for the third quarter of 2004, compared to total revenues of $58 million and software revenues of $19 million, for the third quarter of 2003. The company expects to report GAAP net income per share of approximately $0.04 to $0.06 for the third quarter of 2004, compared to GAAP net income of $0.11 per share for the third quarter of 2003. GAAP net income for the third quarter of 2004 includes a $850,000 non-recurring tax benefit from the revision of estimates upon the final filing of the company’s 2003 tax return, a $1.2 million net gain on the QRS acquisition breakup fee, after costs incurred, a $260,000 non-recurring benefit on the sale of certain securities, and $2.1 million in amortization of intangibles and acquired software technology. Excluding these items, the adjusted earnings per share is expected to be approximately $0.03 to $0.04 for the third quarter of 2004. These anticipated results are preliminary and based on partial information and management assumptions. JDA plans to announce final results for the third quarter of 2004 on October 18, 2004.

     The company stated that it did not close certain targeted deals from each of its three sales regions. Preliminary regional software license revenues in the quarter ending September 30, 2004 were as follows: The Americas reported $7.4 million compared to $13.1 million in the same period last year, which included a $5.8 million contract; the EMEA region reported $2.2 million compared to $3.4 million last year; and the Asia Pacific region reported $600,000 compared to $2.6 million last year. The company closed one deal greater than $1 million during the third quarter of 2004 compared to four in the third quarter of 2003.

     “Despite a strong pipeline of prospects, we experienced another quarter of delayed decision making in the September period. A number of factors negatively affected closure rates, however, losses to competition was not one of them. The principal issues were delayed internal decision processes within our customers and a general lack of urgency around making certain

 


 

purchase transactions. In some cases, JDA was selected but was required to enter into initial proof of concept services engagements in order to overcome risk aversion prior to formally closing the sale,” said JDA’s president and CEO Hamish Brewer.

CONFERENCE CALL INFORMATION

     JDA will host a conference call at 11:00 am EST today to discuss the preliminary software revenue results. To participate in the call, dial 1-800-921-9431 (United States) or 1-973-935-8505 (International) and ask the operator for the “JDA Software Group, Inc. Preliminary Third Quarter Earnings.” A replay of the conference call will begin October 7, 2004 at 9:00 pm EST and will end on October 21, 2004 at 12:00 am EST. Callers can hear the replay by dialing 1-877-519-4471 (United States) or 1-973-341-3080 (International) using access code 4943395.

     JDA plans to report its actual financial results for the third quarter of 2004, on October 18, 2004 at 4:00 p.m. EST and hold its regularly scheduled conference call at approximately 4:45 pm EST. To participate in the call, dial 1-800-921-9431 (United States) or 1-973-935-8505 (International) and ask the operator for the “JDA Third Quarter 2004 Earnings.” A replay of the conference call will begin October 18, 2004 at 9:00 pm EST and will end on November 1, 2004 at 12:00 am EST. Callers can hear the replay by dialing 1-877-519-4471 (United States) or 1-973-341-3080 (International) using access code 5204906.

ABOUT JDA SOFTWARE

     With more than 4,600 retail, manufacturing and wholesale clients in 60 countries, JDA Software Group, Inc. (Nasdaq: JDAS) is a global leader in delivering integrated software and professional services for the retail demand chain. By capitalizing on its market position and financial strength, JDA commits significant resources to advancing JDA Portfolio, its suite of merchandising, POS, analytic and collaborative solutions that improve revenues, efficiency and customer focus. Founded in 1985, JDA is headquartered in Scottsdale, Arizona and employs more than 1,200 associates operating from 27 offices in major cities throughout North America, South America, Europe, Asia and Australia. For more details, visit www.jda.com, call 1-800-479-RETAIL (7382) or email info@jda.com.

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“JDA” and “JDA Portfolio are trademarks or registered trademarks of JDA Software Group. Any trade, product or service name referenced in this document using the name “JDA” is a trademark and/or

 


 

property of JDA Software Group. All other trade, product, or service names referenced in this release may be trademarks or registered trademarks of their respective holders’.

“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. Such forward-looking statements include, without limitation: (i) our disclosure of anticipated operating results for the third quarter of 2004, including total revenues, software revenues, and both GAAP and adjusted net income per share; and (ii) any implication that we eventually will close the customer deals that we believe slipped from the third quarter 2004 to a subsequent quarter. The occurrence of future events may involve a number of risks and uncertainties, including, but not limited to: (a) our preliminary third quarter 2004 operating results may change once we complete our quarterly accounting; (b) we may not be able to close deals that slipped from third quarter 2004, particularly large, complex deals of $1 million or greater; and (c) other risks detailed from time to time in the “Risk Factors” section of our filings with the Securities and Exchange Commission. Additional information relating to the uncertainty affecting our business is contained in our filings with the SEC. As a result of these and other risks, actual results may differ materially from those predicted. 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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