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Results Slide at IT Firms
12:06 PM MDT | May 29, 2009 | Esther D'Amico
The recession has zapped power from the latest-reporting information technology (IT) firms serving the chemical industry. Licensing revenues, in particular, at many firms have been hit hard by the recession and contributed to overall sales declines, analysts say. Supply chain software provider i2 Technologies posted a 7% decline, to $2.7 million, in net income for the first-quarter, ended March 31, on sales down 10%, to $56.4 million. i2s software sales, including licensing revenues, fell 13%, to $10.2 million; services revenues dipped 7%, to $26.8 million, and...
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