Logility Reports Second Quarter Fiscal Year 2025 Financial Results
Logility Supply Chain Solutions, Inc. (LGTY)
Company Research
Source: Business Wire
ATLANTA--(BUSINESS WIRE)--Logility Supply Chain Solutions, Inc. (Logility) (NASDAQ: LGTY), a leader in AI-first supply chain planning software, today reported its second quarter fiscal year 2025 financial results.“Subscription revenues continued to grow, up nine percent year over year in the current quarter, even though we faced a number of headwinds as start dates on a couple of projects pushed out and delayed closing of several late-stage deals in our pipeline,” said Allan Dow, President and CEO of Logility. “While we still expect to secure these opportunities in the current fiscal year, we are revising our revenue guidance to reflect the impact of lower professional services revenue. Our prior guidance for recurring revenue and adjusted EBITDA is unchanged as we remain confident in our ability to grow subscription fees and maintain strong margins.”Fiscal Year 2025 Financial Outlook from Continuing Operations:Total recurring revenues remain unchanged at $87.0 million to $89.0 mi
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