Exhibit 99.1

		Contact Information at End of Release

JDA Software Announces Fourth Quarter 2010 Results and 2011 Outlook

Record Software Sales and Successful Integration of i2 Drive Record Earnings

      Scottsdale, Ariz. — February 1, 2011 — JDA^® Software Group, Inc. (NASDAQ: JDAS), The Supply Chain Company^®, today announced financial results for the fourth quarter ended December 31, 2010. JDA reported record total revenues of $168.8 million, a 58 percent increase from $107.1 million of revenue reported in fourth quarter 2009. Software license and subscription revenues in fourth quarter 2010 increased 47 percent to $42.0 million from $28.6 million in fourth quarter 2009. Results for 2010 include the completion of the acquisition of i2 Technologies, Inc. (i2) as of January 28, 2010.

     Adjusted EBITDA increased 77 percent to $48.5 million in fourth quarter 2010 from $27.3 million in the fourth quarter of 2009. GAAP net income was $5.8 million in fourth quarter 2010 as compared to $8.5 million in fourth quarter 2009. Adjusted EBITDA represents GAAP net income adjusted for amortization of intangibles, depreciation, interest expense, income tax provision, restructuring charges, share-based compensation, acquisition-related costs, interest income and other significant non-routine operating and non-operating income and expense items.

     JDA also reported adjusted non-GAAP earnings per share for fourth quarter 2010 of $0.61, a 42 percent increase from the $0.43 per share reported in fourth quarter 2009. GAAP net income attributable to common shareholders for fourth quarter 2010 was $5.8 million or $0.14 per diluted share, compared to $8.5 million or $0.24 per share in fourth quarter 2009. Adjusted non-GAAP earnings in the fourth quarter 2010 also exclude a $14.0 million pre-tax non-cash charge associated with a litigation matter. Adjusted Earnings per Share represents GAAP income before income taxes adjusted for amortization of intangibles, restructuring charges, share-based compensation, acquisition-related costs and an adjusted income tax provision.

     “2010 was another great year for JDA; we achieved everything we set out to do and made significant progress with our strategic plan to build a $1 billion leader in the Supply Chain Management market,” said JDA Software President and Chief Executive Officer Hamish Brewer. “The fourth quarter was by far the strongest we’ve ever delivered in revenue and profits, but what’s most exciting is that there was nothing ‘one-time’ about this performance; we have simply taken the company to the next level.”

-more-

JDA Software Announces Fourth Quarter 2010 Results and 2011 Outlook
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Software and Subscription

     Software and subscription revenue increased 47 percent to $42.0 million in the fourth quarter 2010 from $28.6 million in the fourth quarter 2009. This increase was driven by continued strength in North America, as well as the acquisition of i2. The average sales price for the trailing 12 months ended December 31, 2010 increased to $601,000 from $573,000 for the trailing 12 months ended September 30, 2010.

Maintenance and Support Services

     Maintenance revenue increased 37 percent to $64.4 million in the fourth quarter 2010 from $47.0 million in the fourth quarter 2009. This increase was due to the acquisition of i2 and the year-over-year improvement in retention rates, especially among legacy i2 customers. The year-to-date customer retention rate in the fourth quarter 2010 increased to 95.6 percent from 92.4 percent in 2009, compared to i2’s 83 percent retention rate in 2009.

Consulting Services

     Consulting services revenue increased 98 percent to $62.4 million in the fourth quarter 2010 from $31.5 million in the fourth quarter 2009. This increase was primarily due to the acquisition of i2 and increased implementation services work associated with larger JDA software sales. Consulting services gross margins increased to 18 percent in the fourth quarter 2010 from 16 percent in the fourth quarter 2009.

Other Financial Data

	•		Operating expenses as a percent of revenue show the positive operating leverage effects of the i2 acquisition. Product development expenses as a percent of revenue improved to 10.7 percent in the fourth quarter 2010 compared to 12.7 percent in the fourth quarter 2009. Sales and marketing expenses as a percent of revenue improved to 15.1 percent in the fourth quarter 2010 compared to 18.4 percent in the fourth quarter 2009. General and administrative expenses as a percent of revenue, excluding the litigation charge described below, improved to 10.2 percent in the fourth quarter 2010 compared to 11.8 percent in the fourth quarter 2009.
	•		Legal expenses incurred in fourth quarter 2010 from inherited i2 litigation were $3.1 million. These were primarily related to ongoing litigation related to the Dillard’s and Oracle matters. Additionally, during the quarter, a $14.0 million non-cash, pre-tax charge was recorded as a result of mediation talks relating to the Dillard’s matter.
	•		Net interest and other expense for the fourth quarter 2010 increased to $5.7 million from $0.6 million in the fourth quarter of 2009 due to interest on the senior notes issued in connection with the i2 acquisition and currency rate changes.

JDA Software Announces Fourth Quarter 2010 Results and 2011 Outlook
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	•		Cash flow provided by operations was $26.2 million in fourth quarter 2010 compared to cash flow from operations of $16.0 million in fourth quarter 2009. DSO improved to 54 days at the end of fourth quarter 2010 from 58 days at the end of fourth quarter 2009.
	•		Cash and cash equivalents, including restricted cash, were $206.5 million at December 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.
	•		Weighted average shares outstanding for the quarter ended December 31, 2010 were 42.3 million.

Fourth Quarter 2010 Highlights

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

	•		JDA reported $31.0 million in software license and subscription revenue in its Americas region during fourth quarter 2010, compared to $16.6 million in third quarter 2010 and $19.1 million in fourth quarter 2009. Companies signing new software licenses in fourth quarter 2010 include: Almacenes Exito, Loblaw Companies Limited, Marvell, PFG Customized Distribution, Rendic Hermanos SA, Sun Products Corporation and Supervalu, Inc.
	•		Software license and subscription revenue in the Europe, Middle East and Africa (EMEA) region were $7.9 million in fourth quarter 2010, compared to $3.4 million in third quarter 2010 and $6.4 million in fourth quarter 2009. New software deals in the EMEA region include: Antonio Puig SA, Gist Ltd., Cooperativa Esercenti Farmacia, Hema BV, House of Busby Ltd., Makhteshim-agan Industries Ltd., and Magnitogorsk Iron & Steel Works, OJSC.
	•		JDA’s Asia-Pacific region posted software license and subscription revenue of $3.0 million in fourth quarter 2010, compared to $2.0 million in third quarter 2010 and $3.1 million in fourth quarter 2009. Wins in this region included: Abenson, Eisai Co. Ltd., HyperCITY Retail Ltd., PT Heinz ABC Indonesia and PT Sayap Mas Utama.

Full Year Ended December 31, 2010 Results

	•		Revenue for the 12 months ended December 31, 2010 increased 60 percent to $617.2 million from $385.8 million for the 12 months ended December 31, 2009. Adjusted EBITDA increased to $160.9 million for the 12 months ended December 31, 2010 from $96.8 million in the 12 months of 2009. The increases were primarily driven by the acquisition of i2 and the achievement of the associated cost savings.
	•		Legal expenses incurred for the 12 months ended December 31, 2010 from inherited i2 litigation were $9.4 million, in addition to the $14.0 million pre-tax non-cash charge associated with an i2 litigation matter.

JDA Software Announces Fourth Quarter 2010 Results and 2011 Outlook
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	•		Adjusted non-GAAP earnings per share for the 12 months ended December 31, 2010 was $1.95 compared to $1.56 per share for the 12 months ended December 31, 2009.
	•		The GAAP net income applicable to common shareholders for the 12 months ended December 31, 2010 was $17.7 million or $0.42 per diluted share, compared to net income of $17.7 million or $0.50 per share for the 12 months ended December 31, 2009.
	•		Cash flow from operations was $65.2 million for the 12 months ended December 31, 2010 compared to cash flow from operations of $96.5 million for the 12 months ended December 31, 2009. The change in operating cash flow in the current period was caused by a decrease in deferred revenue from the i2 acquisition, an increase in receivables and expenses and payments related to acquisition accruals.

2011 Full Year Outlook

JDA also today announced its financial outlook for the full year 2011. The full year 2011 outlook includes the following ranges of expectations:

Software Revenue		$145 million — $160 million
Total Revenue		$650 million — $690 million
Adjusted EBITDA		$170 million — $185 million
Adjusted Earnings per Share		$2.00 — $2.20

Additionally, JDA provided the following outlook for full year cash flow expectations:

Cash Flow from Operations		$115 million — $130 million
Less Capital Expenditures		$25 million — $30 million
Free Cash Flow		$90 million — $100 million

“We’re excited about our growth prospects in 2011 as JDA continues to differentiate itself as The Supply Chain Company,” said Hamish Brewer, Chief Executive Officer of JDA. “Our 2011 business plan is built to deliver double-digit growth in both revenue and earnings, while supporting strategic investments in our business, such as the JDA Private Cloud^®, which are designed to capitalize on the success and momentum we are currently enjoying.”

JDA Software Announces Fourth Quarter 2010 Results and 2011 Outlook
Page 5

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 fourth quarter ended December 31, 2010. To participate in the call, dial 1-877-941-1427 (United States) or 1-480-629-9664 (International) and ask the operator for the “JDA Software Group, Inc. Fourth Quarter and Fiscal Year 2010 Earnings Conference Call.” A live audio webcast of the conference call and detailed slide deck can be accessed by logging onto www.jda.com in the Investor Relations section.

     A replay of the conference call will begin on February 1, 2011 at 8:00 p.m. Eastern time and will end on March 1, 2011. To hear a replay of the call over the Internet, access JDA’s website at www.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, delivered via the JDA^® Private Cloud, 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, visit www.jda.com or e-mail info@jda.com.

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

JDA Corporate Communications Contact:
Beth Elkin, Sr. Director, Corporate Communications
beth.elkin@jda.com
469-357-4225

JDA Software Announces Fourth Quarter 2010 Results and 2011 Outlook
Page 6

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

		December 31,				December 31,
		2010				2009
ASSETS
Current Assets:
Cash and cash equivalents		$	171,618			$	75,974
Restricted cash			34,855				287,875
Accounts receivable, net			102,118				68,883
Deferred tax assets—current portion			43,753				19,142
Prepaid expenses and other current assets			27,723				15,667
Total current assets			380,067				467,541
Non-Current Assets:
Property and equipment, net			47,447				40,842
Goodwill			226,863				135,275
Other intangibles, net			187,398				119,661
Deferred tax assets—long-term portion			255,386				44,350
Other non-current assets			16,367				13,997
Total non-current assets			733,461				354,125
Total Assets		$	1,113,528			$	821,666
LIABILITIES AND STOCKHOLDERS’ EQUITY
Current Liabilities:
Accounts payable		$	21,092			$	7,192
Accrued expenses and other liabilities			83,938				45,523
Income taxes payable			318				3,489
Deferred revenue—current portion			88,055				65,665
Total current liabilities			193,403				121,869
Non-Current Liabilities:
Long-term debt			272,695				272,250
Accrued exit and disposal obligations			7,360				7,341
Liability for uncertain tax positions			6,873				8,770
Deferred revenue—long-term portion			9,090				—
Total non-current liabilities			296,018				288,361
Total Liabilities			489,421				410,230
Stockholders’ Equity:
Common stock			439				363
Additional paid-in capital			550,177				356,065
Retained earnings			91,732				74,014
Accumulated other comprehensive income (loss)			8,980				3,267
Treasury stock			(27,221	)			(22,273	)
Total stockholders’ equity			624,107				411,436
Total liabilities and stockholders’ equity		$	1,113,528			$	821,666

JDA Software Announces Fourth Quarter 2010 Results and 2011 Outlook
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JDA SOFTWARE GROUP, INC.
CONDENSED CONSOLIDATED STATEMENTS OF INCOME
(in thousands, except earnings per share data, unaudited)

		Three Months Ended								Twelve Months Ended
		December 31,								December 31,
		2010				2009				2010				2009
REVENUES:
Software licenses		$	36,681			$	27,613			$	109,546			$	84,913
Subscriptions and other recurring revenues			5,292				1,013				21,143				3,873
Maintenance services			64,401				46,958				246,241				179,336
Product revenues			106,374				75,584				376,930				268,122
Consulting services			56,213				28,653				220,417				107,618
Reimbursed expenses			6,175				2,886				19,862				10,060
Service revenues			62,388				31,539				240,279				117,678
Total revenues			168,762				107,123				617,209				385,800
COST OF REVENUES:
Cost of software licenses			1,236				824				4,256				3,241
Amortization of acquired software technology			1,835				966				7,047				3,920
Cost of maintenance services			13,351				10,749				52,543				43,165
Cost of product revenues			16,422				12,539				63,846				50,326
Cost of consulting services			44,839				23,553				169,826				85,285
Reimbursed expenses			6,175				2,886				19,862				10,060
Cost of service revenues			51,014				26,439				189,688				95,345
Total cost of revenues			67,436				38,978				253,534				145,671
GROSS PROFIT			101,326				68,145				363,675				240,129
OPERATING EXPENSES:
Product development			18,027				13,586				72,158				51,318
Sales and marketing			25,499				19,691				91,329				66,001
General and administrative			17,255				12,663				72,299				47,664
Amortization of intangibles			9,968				5,753				38,415				23,633
Restructuring charges			4,453				160				20,931				6,865
Acquisition-related costs			34				4,768				8,115				4,768
Litigation provision			14,000				—				14,000				—
Total operating expenses			89,236				56,621				317,247				200,249
OPERATING INCOME			12,090				11,524				46,428				39,880
Interest expense and amortization of loan fees			(6,321	)			(1,741	)			(24,758	)			(2,712	)
Finance costs on abandoned acquisition			—				767				—				767
Interest income and other, net			644				367				1,683				1,253
INCOME BEFORE INCOME TAXES			6,413				10,917				23,353				39,188
Income tax provision			(566	)			(2,420	)			(5,635	)			(12,849	)
NET INCOME			5,847				8,497				17,718				26,339
Consideration paid in excess of carrying value on the repurchase of redeemable preferred stock			—				—				—				(8,593	)
INCOME APPLICABLE TO COMMON SHAREHOLDERS		$	5,847			$	8,497			$	17,718			$	17,746
Basic net income per common share		$	0.14			$	0.25			$	0.43			$	0.51
Diluted net income per common share		$	0.14			$	0.24			$	0.42			$	0.50
Shares used in computing basic net income per common share			41,868				34,519				41,173				34,936
Shares used in computing diluted net income per common share			42,280				35,046				41,710				35,258

JDA Software Announces Fourth Quarter 2010 Results and 2011 Outlook

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JDA SOFTWARE GROUP, INC.
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS
(in thousands, unaudited)

		Three Months								Year Ended
		Ended December 31,								December 31,
		2010				2009				2010				2009
Operating Activities:
Net income		$	5,847			$	8,497			$	17,718			$	26,339
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization			15,217				9,196				58,246				37,239
Provision for doubtful accounts			1				1,000				1,000				1,900
Amortization of loan fees			558				110				1,970				110
Net (gain) loss on disposal of property and equipment			(1	)			13				(9	)			(42	)
Stock-based compensation			2,660				1,683				11,494				8,095
Deferred income taxes			(1,828	)			(4,275	)			(1,949	)			4,242
Changes in assets and liabilities, net of effects from business acquisition:
Accounts receivable			(3,894	)			(9,642	)			(2,613	)			9,894
Income tax receivable			122				2,203				2,347				365
Prepaid expenses and other assets			5,463				2,208				(7,485	)			(1,768	)
Accounts payable			2,587				(1,160	)			11,397				4,525
Accrued expenses and other liabilities			17,807				6,870				1,970				(4,608	)
Income tax payable			(1,165	)			5,584				(6,592	)			5,964
Deferred revenue			(17,195	)			(6,334	)			(22,322	)			4,226
Net cash provided by operating activities			26,179				15,953				65,172				96,481
Investing Activities:
Change in restricted cash			(24,534	)			(287,875	)			253,020				(287,875	)
Purchase of i2 Technologies, Inc.			—				—				(213,427	)			—
Payment of direct costs related to acquisitions			(876	)			(679	)			(3,625	)			(5,110	)
Purchase of property and equipment			(2,081	)			(1,595	)			(16,866	)			(7,136	)
Proceeds from dipsosal of property and equipment			3				22				634				84
Net cash (used in) provided by investing activities			(27,488	)			(290,127	)			19,736				(300,037	)
Financing Activities:
Issuance of common stock—equity plans			1,534				325				15,370				14,849
Purchase of treasury stock			(482	)			(277	)			(5,127	)			(6,543	)
Redemption of redeemable preferred stock			—				—				—				(28,068	)
Proceeds from issuance of long-term debt, net of discount			—				272,217				—				272,217
Debt issuance costs			—				(6,487	)			—				(6,487	)
Net cash provided by financing activities			1,052				265,778				10,243				245,968
Effect of exchange rates on cash and cash equivalents			(495	)			(1,107	)			493				866
Net (decrease) increase in cash and cash equivalents			(752	)			(9,503	)			95,644				43,278
Cash and Cash Equivalents, Beginning of Period			172,370				85,477				75,974				32,696
Cash and Cash Equivalents, End of Period		$	171,618			$	75,974			$	171,618			$	75,974

JDA Software Announces Fourth Quarter 2010 Results and 2011 Outlook
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JDA SOFTWARE GROUP, INC.
NON-GAAP MEASURES OF PERFORMANCE
(in thousands, except share data, unaudited)

		Three Months								Year Ended
		Ended December 31,								December 31,
		2010				2009				2010				2009
Reconciliation of GAAP Net Income (Loss) to EBITDA and Adjusted EBITDA
Net Income (GAAP Basis)		$	5,847			$	8,497			$	17,718			$	26,339
Income tax provision			566				2,420				5,635				12,849
Interest expense and amortization of loan fees			6,321				1,741				24,758				2,712
Amortization of acquired software technology			1,835				966				7,047				3,920
Amortization of intangibles			9,968				5,753				38,415				23,633
Depreciation			3,414				2,477				12,783				9,686
EBITDA (earnings before interest, tax, depreciation and amortization)			27,951				21,854				106,356				79,139
Restructuring charges			4,453				160				20,931				6,865
Stock-based compensation			2,660				1,682				11,494				8,094
Acquisition-related costs			34				4,768				8,115				4,768
Litigation provision			14,000				—				14,000				—
Finance costs on abandoned acquisition			—				(767	)			—				(767	)
Non-recurring transition costs to integrate acquisition			—				—				1,638				—
Interest income and other, net			(644	)			(367	)			(1,683	)			(1,253	)
Adjusted EBITDA			48,454				27,330				160,851				96,846
EBITDA, as a percentage of revenue			17	%			20	%			17	%			21	%
Adjusted EBITDA, as a percentage of revenue			29	%			26	%			26	%			25	%
NON-GAAP EARNINGS PER SHARE
Income before income taxes (GAAP Basis)		$	6,413			$	10,917			$	23,353			$	39,188
Amortization of acquired software technology			1,835				966				7,047				3,920
Amortization of intangibles			9,968				5,753				38,415				23,633
Restructuring charges			4,453				160				20,931				6,865
Stock-based compensation			2,660				1,682				11,494				8,094
Acquisition-related costs			34				4,768				8,115				4,768
Litigation provision			14,000				—				14,000				—
Finance costs on abandoned acquisition			—				(767	)			—				(767	)
Non-recurring transition costs to integrate acquisition			—				—				1,638				—
Adjusted income before income taxes			39,363				23,479				124,993				85,701
Adjusted income tax expense			13,777				8,452				43,748				30,713
Adjusted net income		$	25,586			$	15,027			$	81,245			$	54,988
Adjusted non-GAAP diluted earnings per share		$	0.61			$	0.43			$	1.95			$	1.56
Shares used to compute non-GAAP diluted earnings per share			42,280				35,046				41,710				35,258

JDA Software Announces Fourth Quarter 2010 Results and 2011 Outlook
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JDA SOFTWARE GROUP, INC.
NON-GAAP MEASURES OF PERFORMANCE
(in thousands, except share data, unaudited)

		Outlook for the Year Ended
		December 31, 2011
		Low				High
Reconciliation of GAAP Net Income (Loss) to EBITDA and Adjusted EBITDA
Net Income (GAAP Basis)		$	40,300			$	48,200
Income tax provision			21,700				26,300
Interest expense and amortization of loan fees			25,500				25,500
Amortization of acquired software technology			7,000				7,000
Amortization of intangibles			38,500				38,500
Depreciation			15,500				16,500
EBITDA (earnings before interest, tax, depreciation and amortization)			148,500				162,000
Restructuring charges			5,000				5,000
Stock-based compensation			18,000				19,000
Interest income and other, net			(1,000	)			(1,000	)
Adjusted EBITDA			170,500				185,000
NON-GAAP EARNINGS PER SHARE
Income before income taxes (GAAP Basis)		$	62,000			$	74,500
Amortization of acquired software technology			7,000				7,000
Amortization of intangibles			38,500				38,500
Restructuring charges			5,000				5,000
Stock-based compensation			18,000				19,000
Adjusted income before income taxes			130,500				144,000
Adjusted income tax expense			45,700				50,400
Adjusted net income		$	84,800			$	93,600
Adjusted non-GAAP diluted earnings per share		$	2.00			$	2.20
Shares used to compute non-GAAP diluted earnings per share			42,500				42,500

JDA Software Announces Fourth Quarter 2010 Results and 2011 Outlook
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JDA SOFTWARE GROUP, INC.
SUPPLEMENTAL DATA
(dollars in thousands)

Software & Subscription Revenues by Geographic Region:

		Three Months Ended
		12/31/2010				9/30/2010				6/30/2010				3/31/2010				12/31/2009
Americas			31,026				16,590				27,080				18,917				19,084
EMEA			7,901				3,405				4,773				5,403				6,417
Asia/Pacific			3,046				2,039				6,105				4,404				3,125
Total		$	41,973			$	22,034			$	37,958			$	28,724			$	28,626

New vs. Install-Base Software Sales and Subscription Revenues:

		Three Months Ended
		12/31/2010								9/30/2010								6/30/2010								3/31/2010								12/31/2009
New Sales		$	8,042				19	%		$	2,603				12	%		$	8,080				21	%		$	8,415				29	%		$	4,515				16	%
Install-Base Sales			33,931				81	%			19,431				88	%			29,878				79	%			20,309				71	%			24,111				84	%
Total		$	41,973							$	22,034							$	37,958							$	28,724							$	28,626

ASP, Multi-Product Deals & Large Deal Counts:

		Last Twelve Months Ended
		12/31/2010				9/30/2010				6/30/2010				3/31/2010				12/31/2009
Average Sales Price (ASP)		$	601			$	573			$	608			$	618			$	630
Multiple-Product Deals			19				17				18				21				20
Large Deal Count (>=$1 million)			25				25				25				24				19
Quota Carrying Sales Representatives			92				98				92				96				75

Summary of Revenue Contribution in Fourth Quarter 2010:

		JDA								i2								Combined
Software and Subscription Revenues		$	31,887				76	%		$	10,086				24	%		$	41,973
Maintenance Revenues			47,338				74	%			17,063				26	%			64,401
Product Revenues			79,225				74	%			27,149				26	%			106,374
Services Revenues			34,686				56	%			27,702				44	%			62,388
Total Revenues		$	113,911				67	%		$	54,851				33	%		$	168,762

Summary of Revenue Contribution in Fiscal 2010:

		JDA								i2								Combined
Software and Subscription Revenues		$	79,122				61	%		$	51,567				39	%		$	130,689
Maintenance Revenues			185,764				75	%			60,477				25	%			246,241
Product Revenues			264,886				70	%			112,044				30	%			376,930
Services Revenues			143,355				60	%			96,924				40	%			240,279
Total Revenues		$	408,241				66	%		$	208,968				34	%		$	617,209

JDA Software Announces Fourth Quarter 2010 Results and 2011 Outlook
Page 12

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

     This press release contains forward-looking statements that are made in reliance upon the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements are generally accompanied by words such as “will,” and “expect” and other words with forward-looking connotations. In this press release, such forward-looking statements include, without limitation, Mr. Brewer’s statements regarding our having momentum for continued profitable growth in 2011, our business plan to deliver double-digit revenue and earnings growth for fiscal 2011, and our 2011 full year outlook for software revenue, total revenue, adjusted EBITDA, adjusted earnings per share, cash flow from operations, and free cash flow. We 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, the settlement offer related to inherited i2 litigation 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 items in our non-GAAP presentation should not be construed as an inference that these costs are unusual, infrequent or non-recurring.

JDA Software Announces Fourth Quarter 2010 Results and 2011 Outlook
Page 13

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.

JDA Software Group, Inc.
14400 N. 87^th Street
Scottsdale, Ariz. 85260