July 20, 2009 / 9:18 PM / 10 years ago

UPDATE 1-JDA Software Q2 profit beats expectations, shares climb

* Q2 adj EPS $0.47 vs est of $0.31

* Rev from software licenses rises 77 pct to $27.6 mln

* Names new CFO

* Shares rise 22 pct after the bell

July 20 (Reuters) - JDA Software Group Inc JDAS.O posted a second-quarter profit that handily beat market expectations as revenue from software licenses surged, and the company named a new chief financial officer, sending its shares up 22 percent.

The company, which provides supply chain management software, earned $8.9 million, or 25 cents a share, compared with $3.1 million, 9 cents a share, a year ago.

Excluding items, JDA Software earned 47 cents a share.

Total revenue rose more than 8 percent to $99.5 million.

Analysts were expecting a profit of 31 cents a share, before items, on revenue of $86.7 million, according to Reuters Estimates.

“We have started to see the turn around in our consulting services metrics that we previously forecasted,” CEO Hamish Brewer said in a statement.

Separately, the company said it named Peter Hathaway as its new chief financial officer. Hathaway had previously served as CFO at Allied Waste Industries Inc.

Shares of the Scottsdale, Arizona-based company were trading at $20.09 after the bell. They closed at $16.44 Monday on Nasdaq. (Reporting by Sayantani Ghosh in Bangalore; Editing by Deepak Kannan)

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