JDA Software (JDAS) 8-K JDA Software Announces Record First Quarter 2010 Results Integration of i2 Technologies is on Track

Exhibit 99.1

Contact Information
at End of Release

JDA Software Announces Record First Quarter 2010 Results
Integration of i2 Technologies is on Track

Scottsdale, Ariz. — April 27, 2010 —JDA^® Software Group, Inc. (NASDAQ: JDAS), The Supply Chain Company^®, today announced financial results for the first quarter ended March 31, 2010. JDA reported record total revenues of $131.6 million, a 58 percent increase from $83.3 million of revenue reported in first quarter 2009. Software license and subscription revenues increased 87 percent in the first quarter 2010 to $28.7 million from $15.3 million in first quarter 2009, and adjusted EBITDA increased 88 percent to $31.4 million in first quarter 2010 from $16.7 million in first quarter 2009.

          JDA also reported adjusted non-GAAP earnings for first quarter 2010 of $0.38 per share, an increase of 46 percent from $0.26 per share in first quarter 2009. The GAAP loss applicable to common shareholders for first quarter 2010 was $4.3 million or ($0.11) per share, and includes acquisition-related costs, compared to GAAP net income of $2.6 million or $0.08 per share in first quarter 2009. Results for 2010 include the completion of the acquisition of i2 Technologies, Inc. (“i2”) as of January 28, 2010.

          “I am pleased to report that we delivered solid results in a quarter that featured our largest acquisition to date,” saidJDA president and chief executive officer Hamish Brewer. “In the 90 days since completing the i2 acquisition we have fully integrated teams across all regions and functional areas of the company and completed a new JDA product roadmap that demonstrates the breadth, depth and future direction of our powerful suite of planning, optimization and execution solutions.”

First Quarter 2010 Financial Summary

• Adjusted non-GAAP earnings per share for first quarter 2010 were $0.38 using 40.0 million fully diluted shares compared to $0.26 per share in first quarter 2009, using 35.1 million fully diluted shares. Adjusted non-GAAP earnings exclude amortization of acquired software technology and intangibles, restructuring charges, stock-based compensation, and costs related to the acquisition and transition of i2.

• The GAAP net loss applicable to common shareholders for first quarter 2010 was $4.3 million or ($0.11) per share, compared to net income of $2.6 million or $0.08 per share in first quarter 2009.

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• DSO increased to 74 days at the end of first quarter 2010 from 71 days at the end of first quarter 2009, primarily due to the receivables acquired from i2. JDA is applying its focused collection process to the new receivables as a part of the overall company integration process, with the goal of reducing the overall DSO.

• Cash flow from operations was $12.2 million in first quarter 2010, compared to cash flow from operations of $33.1 million in first quarter 2009. The change in operating cash flow in the current period was primarily driven by lower cash provided by working capital as compared to first quarter 2009. This is primarily due to the increase in the receivables from higher revenue in the current year, the payment of approximately $6.7 million of acquisition related costs in first quarter of 2010, as well as the collection of a significant receivable in the first quarter of 2009.

• Cash and cash equivalents, including restricted cash, were $167.5 million at March 31, 2010, compared to $363.8 million at December 31, 2009, which included net proceeds from the issuance of $275.0 million of Senior Notes that were used to complete the acquisition of i2 on January 28, 2010.

First Quarter 2010 Highlights

          “Our strong sales performance this quarter demonstrates a vote of customer confidence in our strategy to build a world-class supply chain company through both organic and acquisition growth,” commented Brewer. “We saw little to no deal erosion as a result of the i2 acquisition, and in fact believe that companies now, more than ever, understand the value of solutions from a company that specializes in supply chain. As a result, JDA continues to be the technology provider of choice for companies around the world.”

          The following presents a high-level summary of JDA’s regional sales performance:

• JDA reported $18.9 million in software license and subscription revenues in its Americas region during first quarter 2010, compared to $19.1 million in fourth quarter 2009 and $11.1 million in first quarter 2009. Customers that signed new software licenses included:Anna’s Linens Company, Cabela’s Incorporated, Compania Embotelladora Del Fuerte, The Forzani Group, Ltd., SABMiller Latin America and OM HealthCare Logistics^sm , A Third-Party Logistics Service of Owens & Minor, Inc.

• Software license and subscription revenues in the Europe, Middle East and Africa (EMEA) region were $5.4 million in first quarter 2010, compared to $6.4 million in

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	fourth quarter 2009 and $3.2 million in first quarter 2009. New software deals in the EMEA region included:Casio France, Crai Secom SpA, La Gardenia Beauty SpA and SSAB.
•	JDA’s Asia Pacific region posted software license and subscription revenues of $4.4 million in first quarter 2010, compared to $3.1 in fourth quarter 2009 and $1.1 million in first quarter 2009. Wins in this region included:LG Electronics Inc., Rustan Commercial Corporation and Suning Appliance Co., Ltd.

Conference Call Information

          JDA Software Group, Inc. will host a conference call at 4:45 p.m. Eastern time today to discuss earnings results for its first quarter ended March 31, 2010. To participate in the call, dial 1-877-941-8416 (United States) or 1-480-629-9808 (International) and ask the operator for the “JDA Software Group, Inc. First Quarter 2010 Earnings 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 April 27, 2010 at 8:00 p.m. Eastern time and will end on May 27, 2010. To hear a replay of the call over the Internet, access JDA’s web-site atwww.jda.com.

About JDA Software Group, Inc.

          JDA^® Software Group, Inc. (NASDAQ: JDAS), The Supply Chain Company^®, is a leading global provider of innovative supply chain management, merchandising and pricing excellence solutions. JDA empowers more than 6,000 companies of all sizes to make optimal decisions that improve profitability and achieve real results in the discrete and process 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 multiple service options provide customers with flexible configurations, rapid time-to-value, lower total cost of ownership and 24/7 functional and technical support and expertise. To learn more, visitwww.jda.com or e-mailinfo@jda.com.

JDA Investor Relations Contacts:
Pete Hathaway, Executive Vice President/Chief Financial Officer
480-308-3000

Mike Burnett, GVP, Treasury and Investor Relations
mike.burnett@jda.com
480-308-3392

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JDA SOFTWARE GROUP, INC.
CONDENSED CONSOLIDATED BALANCE SHEETS
(In thousands, except share amounts, unaudited)

	March 31,			December 31,
	2010			2009
ASSETS
Current Assets:
Cash and cash equivalents	$	155,817		$	75,974
Restricted cash.		11,698			287,875
Accounts receivable, net		107,881			68,883
Income tax receivable		1,050			—
Deferred tax asset		57,828			19,142
Prepaid expenses and other current assets		29,705			15,667
Total current assets		363,979			467,541
Non-Current Assets:
Property and equipment, net		43,296			40,842
Goodwill		201,316			135,275
Other Intangibles, net:
Customer-based intangibles		167,395			99,264
Technology-based intangibles		44,264			20,240
Marketing-based intangibles		13,960			157
Deferred tax asset		268,821			44,350
Other non-current assets		17,154			13,997
Total non-current assets		756,206			354,125
Total Assets	$	1,120,185		$	821,666
LIABILITIES AND STOCKHOLDERS’ EQUITY
Current Liabilities:
Accounts payable	$	11,063		$	7,192
Accrued expenses and other liabilities		74,068			45,523
Income taxes payable		—			3,489
Deferred revenue		127,905			65,665
Total current liabilities		213,036			121,869
Non-Current Liabilities:
Long-term debt		272,333			272,250
Accrued exit and disposal obligations		6,458			7,341
Liability for uncertain tax positions		14,215			8,770
Deferred revenue		28,942			—
Total non-current liabilities		321,948			288,361
Total Liabilities		534,984			410,230
Stockholders’ Equity:
Preferred stock, $.01 par value; authorized 2,000,000 shares; none issued or outstanding		—			—
Common stock, $.01 par value; authorized, 50,000,000 shares; issued 43,528,992 and 36,323,245 shares, respectively		435			363
Additional paid-in capital		553,705			361,362
Deferred compensation		(15,906	)		(5,297	)
Retained earnings		69,746			74,014
Accumulated other comprehensive income		2,706			3,267
Less treasury stock, at cost, 1,901,490 and 1,785,715 shares, respectively		(25,485	)		(22,273	)
Total stockholders’ equity		585,201			411,436
Total liabilities and stockholders’ equity	$	1,120,185		$	821,666

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JDA SOFTWARE GROUP, INC.
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS
(in thousands, except earnings per share data, unaudited)

	Three Months Ended
	March 31,
	2010			2009
REVENUES:
Software licenses	$	24,437		$	14,357
Subscriptions and other recurring revenues		4,287			968
Maintenance services		57,060			42,997
Product revenues		85,784			58,322
Consulting services		43,002			23,034
Reimbursed expenses		2,845			1,977
Service revenues		45,847			25,011
Total revenues		131,631			83,333
COST OF REVENUES:
Cost of software licenses		1,008			602
Amortization of acquired software technology		1,576			1,008
Cost of maintenance services		12,033			10,549
Cost of product revenues		14,617			12,159
Cost of consulting services		35,269			19,382
Reimbursed expenses		2,845			1,977
Cost of service revenues		38,114			21,359
Total cost of revenues		52,731			33,518
GROSS PROFIT		78,900			49,815
OPERATING EXPENSES:
Product development		17,277			12,573
Sales and marketing		21,112			14,252
General and administrative		17,697			11,026
Amortization of intangibles		8,566			6,076
Restructuring charges		7,758			1,430
Acquisition-related costs		6,743			—
Total operating expenses		79,153			45,357
OPERATING INCOME (LOSS)		(253	)		4,458
Interest expense and amortization of loan fees		(6,086	)		(239	)
Interest income and other, net		1,123			(243	)
INCOME (LOSS) BEFORE INCOME TAXES		(5,216	)		3,976
Income tax (provision) benefit		948			1,332
NET INCOME (LOSS)	$	(4,268	)	$	2,644
BASIC EARNINGS (LOSS) PER SHARE	$	(.11	)	$	.08
DILUTED EARNINGS (LOSS) PER SHARE	$	(.11	)	$	.08
SHARES USED TO COMPUTE:
Basic earnings (loss) per share		39,343			34,961
Diluted earnings (loss) per share		39,343			35,075

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JDA SOFTWARE GROUP, INC.
NON-GAAP MEASURES OF PERFORMANCE
(in thousands, except share data, unaudited)

	Three Months Ended
	March 31,
	2010			2009
Reconciliation of GAAP Net Income (Loss) to EBITDA and Adjusted EBITDA
Net Income (Loss) (GAAP BASIS)	$	(4,268	)	$	2,644
Income tax provision (benefit)		(948	)		1,332
Interest expense and amortization of loan fees		6,086			239
Amortization of acquired software technology		1,576			1,008
Amortization of intangibles		8,566			6,076
Depreciation		3,006			2,327
EBITDA (earnings before interest, tax, depreciation and amortization)		14,018			13,626
Restructuring charges		7,758			1,430
Stock-based compensation		3,277			1,410
Acquisition-related costs		6,743			—
Non-recurring transition costs to integrate acquisition		717			—
Interest income and other non-operating (income) expense, net		(1,123	)		243
Adjusted EBITDA	$	31,390		$	16,709
EBITDA, as a percentage of revenue		11	%		16	%
Adjusted EBITDA, as a percentage of revenue		24	%		20	%
NON-GAAP EARNINGS PER SHARE
Income (loss) before income taxes (GAAP BASIS)	$	(5,216	)	$	3,976
Amortization of acquired software technology		1,576			1,008
Amortization of intangibles		8,566			6,076
Restructuring charges		7,758			1,430
Stock-based compensation		3,277			1,410
Acquisition-related costs		6,743			—
Non-recurring transition costs to integrate acquisition		717			—
Adjusted income before income taxes		23,421			13,900
Adjusted income tax expense		8,197			4,865
Adjusted net income	$	15,224		$	9,035
Adjusted non-GAAP diluted earnings per share	$	0.38		$	0.26
Shares used to compute non-GAAP diluted earnings per share		40,025			35,075

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	Three Months Ended
	March 31,
	2010			2009
CASH FLOW INFORMATION
Net cash provided by (used in) operating activities	$	12,195		$	33,055
Net cash provided by (used in) investing activities:
Change in restricted cash	$	276,177		$	—
Purchase of i2 Technologies, Inc.		(213,427	)		—
Payment of direct costs related to acquisitions		(850	)		(817	)
Purchase of other property and equipment		(533	)		(1,003	)
Proceeds from disposal of property and equipment		17			16
	$	61,384		$	(1,804	)
Net cash provided by (used in) financing activities:
Issuance of common stock under equity plans	$	10,904		$	2,506
Purchase of treasury stock and other, net		(3,392	)		( 3,219	)
	$	7,512		$	(713	)
Acquisition of i2 Technologies, Inc. — Preliminary Allocation
Identifiable assets acquired:
Fair value of current assets acquired	$	300,097
Fair value of fixed assets acquired		3,116
Customer-based intangibles		76,200
Technology-based intangibles		25,600
Marketing-based intangibles		14,300
Long-term deferred tax assets acquired		218,322
Fair value of other non-current assets acquired		3,925
Total identifiable assets acquired		641,560
Goodwill		66,041
Total assets acquired		707,601
Liabilities assumed:
Fair value of deferred revenue assumed		(62,614	)
Fair value of other current liabilities assumed		(41,128	)
Fair value of non-current liabilities assumed		(4,105	)
Total liabilities assumed		(107,847	)
Net assets acquired from i2 Technologies, Inc.	$	599,754
Total consideration transferred to acquire i2 Technologies, Inc.:
Fair value of JDA common stock issued as merger consideration		167,979
Cash acquired		218,348
Cash expended to acquire i2 Technologies, Inc.		213,427
Total consideration transferred to acquire i2 Technologies, Inc.	$	599,754

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JDA Software Group, Inc.
Supplemental Data
(dollars in thousands)

	Software & Subscription Revenues by Geographic Region
	Three Months Ended
	3/31/2010		12/31/2009		9/30/2009		6/30/2009		3/31/2009
Americas	$	18,917	$	19,084	$	12,624	$	14,356	$	11,105
EMEA		5,403		6,417		4,084		5,012		3,170
Asia/Pacific		4,404		3,125		542		8,216		1,050
Total	$	28,724	$	28,626	$	17,250	$	27,584	$	15,325

	Business Segment Data
	Three Months Ended
	3/31/2010			12/31/2009			9/30/2009			6/30/2009			3/31/2009
Supply Chain
Total Revenues	$	125,233		$	99,410		$	88,608		$	88,161		$	78,223
Operating Income		39,904			33,882			29,054			29,127			22,111
Operating Income Margin		32	%		34	%		33	%		33	%		28	%
Services Industry
Total Revenues	$	6,398		$	7,713		$	7,251		$	11,324		$	5,110
Operating Income		607			986			1027			5744			879
Operating Income Margin		9	%		13	%		14	%		51	%		17	%

	New vs Install-Base Sales
	Three Months Ended
	3/31/2010				12/31/2009				9/30/2009				6/30/2009				3/31/2009
New Sales	$	8,415	29	%	$	4,515	16	%	$	3,317	19	%	$	10,066	36	%	$	5,768	38	%
Install-Base Sales		20,309	71	%		24,111	84	%		13,933	81	%		17,518	64	%		9,557	62	%
Total	$	28,724			$	28,626			$	17,250			$	27,584			$	15,325

	ASP, Multi-Product Deals & Large Deal Counts
	Last Twelve Months Ended
	3/31/2010		12/31/2009		9/30/2009		6/30/2009		3/31/2009
Average Sales Price (ASP)	$	618	$	630	$	733	$	819	$	697
Multiple-Product Deals		24		23		19		18		19
Large Deal Count (>= $1 million )		24		19		16		19		17
Quota Carrying Sales Representatives		96		75		75		72		68

	Summary of Revenue Contribution in First Quarter 2010
	JDA				i2				Combined
Software and Subscription Revenues	$	15,878	55	%	$	12,846	45	%	$	28,724
Maintenance Revenues		46,491	81	%		10,569	19	%		57,060
Product Revenues		62,369	73	%		23,415	27	%		85,784
Service Revenues		32,001	70	%		13,846	30	%		45,847
Total Revenues	$	94,370	72	%	$	37,261	28	%	$	131,631

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“Safe Harbor” Statement under the U.S. Private Securities Litigation Reform Act of 1995

          We do not believe this press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Nevertheless, if remarks in this press release are considered to be ``forward-looking’’ or to have forward-looking implications, such as Mr. Brewer’s comments regarding our accomplishments to date in integrating i2 and that JDA continues to be the technology provider of choice for companies around the world, we would remind our investors and prospective investors that future events may involve risks and uncertainties. Risks and uncertainties that may affect our business are detailed from time to time in the ``Risk Factors’’ section and other sections of our filings with the Securities and Exchange Commission. As a result of these and other risks, actual results may differ materially from those predicted. We undertake no obligation to update information in this release, except as required by law.

Use of Non-GAAP Financial Information

          This press release and the related conference call contain non-GAAP financial measures. In evaluating the Company’s performance, management uses certain non-GAAP financial measures to supplement consolidated financial statements prepared under GAAP. Management’s presentation of non-GAAP financial measures is intended to be supplemental in nature and should not be considered in isolation or as a substitute for the most directly comparable GAAP measures.

Use and Economic Substance of Non-GAAP Financial Measures Used by JDA

     The Company uses non-GAAP measures of performance, including adjusted net income, EBITDA (earnings before interest, taxes, depreciation and amortization) and earnings per share, in its public statements. Management uses, and chooses to disclose, these non-GAAP financial measures because (i) such measures provide an additional analytical tool to clarify the Company’s results from operations and help the Company to identify underlying trends in its results of operations; (ii) the Company uses non-GAAP earnings measures, including EBITDA, as a measure of profitability because such measures help the Company compare its performance on a consistent basis across time periods; and (iii) these non-GAAP measures are employed by the Company’s management in its own evaluation of performance and are utilized in financial and operational decision making processes, such as budget planning and forecasting. The Company also internally uses adjusted EBITDA measures for determining (a) compliance with certain financial covenants in its credit agreement and (b) executive and employee compensation. Set forth below are additional reasons why specific items are excluded from the Company’s non-GAAP financial measures:

• Amortization charges for acquired software technology are excluded because they result from prior acquisitions, rather than ongoing operations, and absent additional acquisitions, are expected to decline over time.

• Amortization charges for other intangibles are excluded because they are non-cash expenses, and while tangible and intangible assets support our business, we do not believe the related amortization costs are directly attributable to the operating performance of our business.

• Restructuring charges are significant non-routine expenses that cannot be predicted and typically relate to a change in our business model or to a change in our estimate of the costs to complete a plan to exit an activity of an acquired company. The exclusion of these charges promotes period-to-period comparisons and transparency. Such charges are primarily related to severance costs and/or the disposition of excess facilities driven by the changes to our business model.

• Stock-based compensation is not an expense that typically requires or will require cash settlement by the Company.

• Acquisition-related costs associated with the acquisition of i2 and the non-recurring transition costs to integrate the acquisition are significant non-routine expenses. Exclusion of these costs promotes period-to-period comparisons and transparency as we do not believe these costs are directly attributable to the operating performance of our business.

Material Limitations (and Compensation thereof) Associated with the Use of Non-GAAP Financial Measures

          Non-GAAP financial measures have limitations as an analytical tool and should not be considered in isolation or as a substitute for the Company’s GAAP results. In the future, the Company expects to continue reporting non-GAAP financial measures excluding items described above and the Company expects to continue to incur expenses similar to the non-GAAP adjustments described above. Accordingly, exclusion of these and other similar

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items in our non-GAAP presentation should not be construed as an inference that these costs are unusual, infrequent or non-recurring.

Some of the limitations in relying on non-GAAP financial measures are:

• Amortization of acquired technology and intangibles, though not directly affecting our current cash position, represent the loss in value as the technology in our industry evolves, is advanced or is replaced over time. The expense associated with this loss in value is not included in the non-GAAP net income presentation and therefore does not reflect the full economic effect of the ongoing cost of maintaining our current technological position in our competitive industry which is addressed through our research and development program.

• The Company may engage in acquisition transactions in the future. In addition, we incur other restructuring charges from time to time when necessary to adjust our business model. Restructuring related charges may therefore continue to be incurred and should not be viewed as non-recurring.

• Stock-based compensation is an important component of our incentive compensation arrangements and will be reflected as expenses in our GAAP results for the foreseeable future.

• Other companies, including other companies in our industry, may calculate non-GAAP financial measures differently than we do, limiting their usefulness as a comparative measure.

     We compensate for these limitations by relying primarily on our GAAP results and using non-GAAP financial measures only supplementally. We also provide reconciliations of each non-GAAP financial measure to our most directly comparable GAAP measure, and we encourage investors to review carefully those reconciliations.

Usefulness of Non-GAAP Financial Measures to Investors

          The Company believes that the presentation of these non-GAAP financial measures is warranted for several reasons. First, such non-GAAP financial measures provide investors and management an additional analytical tool for understanding the Company’s financial performance by excluding the impact of items which may obscure trends in the core operating performance of the business. Second, since the Company has historically reported non-GAAP results to the investment community, the Company believes the inclusion of non-GAAP numbers provides consistency and enhances investors’ ability to compare the Company’s performance across financial reporting periods.