i2 operating profit more than quadruples

NEW YORK: Business-to-business software maker i2 Technologies Inc. on Tuesday said its earnings before one-time items rose more than four-fold in the second quarter, fuelled by strong growth in license revenues.

Dallas-based i2 said its earnings excluding the amortization of intangible assets and acquisition-related charges rose to $19.1 million, or 10 cents a share, compared with $4.2 million, or 3 cents a share, a year earlier.

Wall Street analysts on average had expected the company to earn 8 cents a share in the second quarter, according to research firm First Call/Thomson Financial.

Including all items, i2 reported a net loss of $280.8 million, or 1.66 a share, compared with a profit of $3.9 million, or 2 cents per share, in the second quarter 1999.

Revenues rose 84 percent to $242.6 million from $131.9 million in the second quarter last year. Shares of i2 closed up 3-1/8 at 139
Tuesday before the release of the company's earnings statement.

(C) Reuters Limited 2000.