Exhibit 99.1

		Contact Information at End of Release

JDA Software Announces First Quarter 2011 Results

Record Q1 Software Sales Drive Strong Earnings and Cash Flow

Scottsdale, Ariz. — April 26, 2011 — JDA^® Software Group, Inc. (NASDAQ: JDAS), The Supply Chain Company^®, today announced financial results for the first quarter ended March 31, 2011. JDA reported record first quarter revenues of $163.6 million, a 24 percent increase from $131.6 million of revenue reported in first quarter 2010. Software license and subscription revenues in the first quarter 2011 increased 27 percent to $36.5 million from $28.7 million in first quarter 2010.

     Adjusted EBITDA increased 20 percent to $37.8 million in first quarter 2011 from $31.4 million in the first quarter of 2010. JDA also reported adjusted non-GAAP earnings per share for first quarter 2011 of $0.45, an 18 percent increase from the $0.38 per share reported in first quarter 2010. 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 Technologies, Inc. (i2). Adjusted non-GAAP earnings in the first quarter 2011 also exclude a $37.5 million pre-tax credit associated with the favorable settlement of the patent infringement case against Oracle Corporation, of which $35.0 million in cash was received in the first quarter. GAAP net income attributable to common shareholders for first quarter 2011 was $45.5 million or $1.07 per diluted share, compared to a loss of $4.3 million or $0.11 per share in first quarter 2010. Results for 2010 include the completion of the acquisition of i2 as of January 28, 2010.

     “We opened the year with a strong performance driven by record revenues in every line of business and finished the quarter with over $260 million of cash on hand,” said JDA Software President and Chief Executive Officer Hamish Brewer. “With a strong software pipeline outlook for the year we believe we are well positioned to achieve our overall goals for 2011.”

Software and Subscription

     Software and subscription revenue increased 27 percent to $36.5 million in the first quarter 2011 from $28.7 million in the first quarter 2010. The increase was driven by continued strength in North America and solid results from the EMEA region. The average sales price for the trailing 12 months ended March 31, 2011 increased to $720,000 from $618,000 for the trailing 12 months ended March 31, 2010.

JDA Software Announces First Quarter 2011 Results
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Maintenance and Support Services

     Maintenance revenue increased 14 percent to $64.8 million in the first quarter 2011 from $57.1 million in the first quarter 2010. This increase was due to the acquisition of i2 and the strong attachment of maintenance contracts to new license deals. In addition, the year-to-date customer retention rate in the first quarter 2011 improved to 98.5 percent from 98.3 percent in 2010.

Consulting Services

     Consulting services revenue increased 36 percent to $62.4 million in the first quarter 2011 from $45.8 million in the first quarter 2010. This increase was primarily due to the acquisition of i2 and increased implementation services work associated with larger software sales. Consulting services gross margins increased to 18 percent in first quarter 2011 from 17 percent in the first quarter 2010.

Other Financial Data

•

Operating expenses as a percent of revenue continue to show the positive operating leverage effects of the i2 acquisition. Product development expenses as a percent of revenue improved to 12.3 percent in the first quarter 2011 compared to 13.1 percent in the first quarter 2010. Sales and marketing expenses as a percent of revenue remained constant at 16.0 percent in the first quarter 2011 compared to 16.0 percent in the first quarter 2010. General and administrative expenses as a percent of revenue increased slightly to 13.5 percent in the first quarter 2011 compared to 13.4 percent in the first quarter 2010.

•

Cash flow provided by operations was $58.7 million (including $35.0 million from the Oracle litigation settlement) in first quarter 2011 compared to cash flow from operations of $12.2 million in first quarter 2010.

•

Cash and cash equivalents, including restricted cash, increased $93 million to $260.5 million at March 31, 2011, from $167.5 million at March 31, 2010. The Company’s debt position, net of cash, at March 31, 2011 was $12.3 million.

•

On March 18, 2011, JDA completed a $100 million Senior Secured Revolving Credit Facility providing additional liquidity to the company while taking advantage of the favorable rate environment. No amounts were drawn on the facility at March 31, 2011.

First Quarter 2011 Highlights

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

•

JDA reported $21.1 million in software license and subscription revenues in its Americas region during first quarter 2011, compared to $18.9 million in first quarter 2010. Companies signing new software licenses in first quarter 2011 include: Anna’s Linens, Inc., Black Photo Corporation, Brightpoint,

JDA Software Announces First Quarter 2011 Results
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Inc., Chico’s FAS, Inc., Coca-Cola Bottling Company Consolidated, Cooper Tire & Rubber Company, Nalco Holding Company, and Stonyfield Farm.

•

Software license and subscription revenues in the Europe, Middle East and Africa (EMEA) region increased to $12.6 million in first quarter 2011, from $5.4 million in first quarter 2010. New software deals in the EMEA region include: Bon Preau SAU, Esselunga Supermercati SpA, Gloria Jeans, Soitec SA, and Gruppo Bennet.

•

JDA’s Asia-Pacific region posted software license and subscription revenues of $2.8 million in first quarter 2011, compared to $4.4 million in first quarter 2010. Wins in this region include: SVI Public Company Limited.

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, 2011. To participate in the call, dial 1-877-941-4775 (United States) or 1-480-629-9761 (International) and ask the operator for the “JDA Software Group, Inc. First Quarter 2011 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 April 26, 2011 at 8:00 p.m. Eastern time and will end on May 26, 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 First Quarter 2011 Results
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JDA SOFTWARE GROUP, INC.
Q1 2011 FINANCIAL RESULTS
CONSOLIDATED STATEMENT OF OPERATIONS
($ in thousands, except per share data)

		Three Months Ended March 31,
						% of								% of				% Increase
		2011				Revenues				2010(1)				Revenues				(Decrease)
REVENUES:
Software licenses		$	31,480				19	%		$	24,437				19	%			29	%
Subscriptions and other recurring revenues			4,994				3	%			4,287				3	%			16	%
Maintenance services			64,768				40	%			57,060				43	%			14	%
Product revenues			101,242				62	%			85,784				65	%			18	%
Consulting services			57,644				35	%			43,002				33	%			34	%
Reimbursed expenses			4,720				3	%			2,845				2	%			66	%
Services revenue			62,364				38	%			45,847				35	%			36	%
Total Revenues			163,606				100	%			131,631				100	%			24	%
COST OF REVENUES:
Cost of software licenses			949				1	%			1,008				1	%			-6	%
Amortization of acquired software technology			1,834				1	%			1,576				1	%			16	%
Cost of maintenance services			13,986				9	%			12,033				9	%			16	%
Cost of product revenues			16,769				10	%			14,617				11	%			15	%
Cost of consulting services			46,602				28	%			35,269				27	%			32	%
Reimbursed expenses			4,720				3	%			2,845				2	%			66	%
Cost of service revenue			51,322				31	%			38,114				29	%			35	%
Total Cost of Revenues			68,091				42	%			52,731				40	%			29	%
GROSS PROFIT			95,515				58	%			78,900				60	%			21	%
OPERATING EXPENSES:
Product development			20,136				12	%			17,277				13	%			17	%
Sales and marketing			26,240				16	%			21,112				16	%			24	%
General and administrative			22,088				14	%			17,697				13	%			25	%
Amortization of intangibles			9,718				6	%			8,566				7	%			13	%
Restructuring charges			542				0	%			7,758				6	%			-93	%
Acquisition-related costs			—				0	%			6,743				5	%			-100	%
Litigation settlement			(37,500	)			-23	%			—				0	%		NM
Total Operating Expenses			41,224				25	%			79,153				60	%			-48	%
OPERATING INCOME (LOSS)			54,291				33	%			(253	)			0	%		NM
Interest expense and amortization of loan fees			6,211				4	%			6,086				5	%			2	%
Interest income and other, net			(1,270	)			-1	%			(1,123	)			-1	%		NM
INCOME (LOSS) BEFORE INCOME TAXES			49,350				30	%			(5,216	)			-4	%		NM
Income tax provision (benefit)			3,822				2	%			(948	)			-1	%		NM
NET INCOME (LOSS)		$	45,528				28	%		$	(4,268	)			-3	%		NM
EARNINGS PER SHARE:
Basic		$	1.08							$	(0.11	)						NM
Diluted		$	1.07							$	(0.11	)						NM
WEIGHTED AVERAGE COMMON SHARES OUTSTANDING:
Basic			42,133								39,343								7	%
Diluted			42,607								39,343								8	%

JDA Software Announces First Quarter 2011 Results
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JDA SOFTWARE GROUP, INC.
Q1 2011 FINANCIAL RESULTS
RECONCILIATION OF SELECTED GAAP MEASURES TO NON-GAAP MEASURES ⁽¹⁾
($ in thousands, except per share data)

		Three Months Ended March 31,																								% Increase
		2011								2011				2010(2)								2010				(Decrease)
		GAAP				Adj.				Non-GAAP				GAAP				Adj.				Non-GAAP				Non-GAAP
TOTAL COST OF REVENUES		$	68,091			$	(2,665	)		$	65,426			$	52,731			$	(2,138	)		$	50,593				29	%
Stock-based compensation:
Cost of maintenance services			13,986				(167	)			13,819				12,033				(114	)			11,919
Cost of consulting services			46,602				(664	)			45,938				35,269				(448	)			34,821
Amortization:
Amortization of acquired software technology			1,834				(1,834	)			—				1,576				(1,576	)			—
TOTAL OPERATING EXPENSES		$	41,224			$	22,498			$	63,722			$	79,153			$	(26,499	)		$	52,654				21	%
Stock-based compensation:
Product development			20,136				(692	)			19,444				17,277				(333	)			16,944
Sales and marketing			26,240				(1,441	)			24,799				21,112				(866	)			20,246
General and administrative			22,088				(2,609	)			19,479				17,697				(1,516	)			16,181
Amortization of intangibles			9,718				(9,718	)			—				8,566				(8,566	)			—
Restructuring charges			542				(542	)			—				7,758				(7,758	)			—
Acquisition-related costs			—				—				—				6,743				(6,743	)			—
Non-recurring transition costs to integrate acquisition			—				—				—				717				(717	)			—
Litigation settlement			(37,500	)			37,500				—				—				—				—
OPERATING INCOME (LOSS)		$	54,291			$	(19,833	)		$	34,458			$	(253	)		$	28,637			$	28,384				21	%
OPERATING MARGIN %			33	%							21	%			0	%							22	%			-1	%
INCOME TAX EFFECTS (3)		$	3,822			$	6,509			$	10,331			$	(948	)		$	9,145			$	8,197				26	%
NET INCOME (LOSS)		$	45,528							$	19,186			$	(4,268	)						$	15,224				26	%
DILUTED EARNINGS PER SHARE		$	1.07							$	0.45			$	(0.11	)						$	0.38				18	%
DILUTED WEIGHTED AVERAGE COMMON SHARES OUTSTANDING			42,607								42,607				39,343				682				40,025				6	%

		2011								2011				2010								2010
		Non-Adjusted				Adj.				Adjusted				Non-Adjusted				Adj.				Adjusted
Net income (loss)		$	45,528											$	(4,268	)
Income tax provision (benefit)			3,822												(948	)
Interest expense and amortization of loan fees			6,211												6,086
Amortization of acquired software technology			1,834												1,576
Amortization of intangibles			9,718												8,566
Depreciation			3,364												3,006
EBITDA		$	70,477											$	14,018
Restructuring charges						$	542											$	7,758
Stock-based compensation							5,573												3,277
Acquisition-related costs							—												6,743
Interest income and other, net							(1,270	)											(1,123	)
Non-recurring transition costs to integrate acquisition							—												717
Litigation settlement							(37,500	)											—
EBITDA		$	70,477			$	(32,655	)		$	37,822			$	14,018			$	17,372			$	31,390				20	%
EBITDA MARGIN %			43	%							23	%			11	%							24	%

JDA Software Announces First Quarter 2011 Results
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JDA SOFTWARE GROUP, INC.
Q1 2011 FINANCIAL RESULTS
CONDENSED CONSOLIDATED BALANCE SHEETS
($ in thousands)

		March 31,				December 31,
		2011				2010
ASSETS
Current Assets:
Cash and cash equivalents		$	226,131			$	171,618
Restricted cash			34,397				34,855
Accounts receivable, net			138,680				102,118
Deferred tax assets—current portion			42,389				43,753
Prepaid expenses and other current assets			38,644				27,723
Total Current Assets			480,241				380,067
Non-Current Assets:
Property and equipment, net			47,399				47,447
Goodwill			226,863				226,863
Other intangibles, net			175,846				187,398
Deferred tax assets—long-term portion			253,523				255,386
Other non-current assets			18,908				16,367
Total Non-Current Assets			722,539				733,461
TOTAL ASSETS		$	1,202,780			$	1,113,528
LIABILITIES AND STOCKHOLDERS’ EQUITY
Current Liabilities:
Accounts payable		$	12,093			$	21,092
Accrued expenses and other liabilities			91,360				83,938
Income taxes payable			—				318
Deferred revenue—current portion			130,379				88,055
Total Current Liabilities			233,832				193,403
Non-Current Liabilities:
Long-term debt			272,818				272,695
Accrued exit and disposal obligations			6,296				7,360
Liability for uncertain tax positions			6,052				6,873
Deferred revenue—long-term portion			7,668				9,090
Total Non-Current Liabilities			292,834				296,018
TOTAL LIABILITIES		$	526,666			$	489,421
Stockholders’ Equity:
Common stock			444				439
Additional paid-in capital			558,423				550,177
Retained earnings			137,260				91,732
Accumulated other comprehensive income			10,430				8,980
Treasury stock			(30,443	)			(27,221	)
Total Stockholders’ Equity			676,114				624,107
TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY		$	1,202,780			$	1,113,528

JDA Software Announces First Quarter 2011 Results
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JDA SOFTWARE GROUP, INC.
Q1 2011 FINANCIAL RESULTS
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOW
($ in thousands)

		Three Months Ended March 31,
		2011				2010
Cash Flows From Operating Activities:
Net income (loss)		$	45,528			$	(4,268	)
Adjustments to reconcile net income (loss) to net cash provided by operating activities:
Depreciation and amortization			14,916				13,148
Amortization of loan fees			501				427
Net (gain) loss on disposal of property and equipment			(5	)			(5	)
Stock-based compensation			5,573				3,277
Deferred income taxes			3,226				(2,546	)
Changes in assets and liabilities, net of effects from business acquisition:
Accounts receivable			(36,417	)			(7,211	)
Income tax receivable			(856	)			1,076
Prepaid expenses and other assets			(11,282	)			(7,889	)
Accounts payable			(8,963	)			550
Accrued expenses and other liabilities			6,532				(11,101	)
Income tax payable			(1,134	)			(2,127	)
Deferred revenue			41,064				28,864
Net cash provided by operating activities		$	58,683			$	12,195
Cash Flow From Investing Activities:
Change in restricted cash			458				276,177
Purchase of i2 Technologies, Inc.			—				(213,427	)
Payment of direct costs related to acquisitions			(840	)			(850	)
Purchase of property and equipment			(2,997	)			(533	)
Proceeds from disposal of property and equipment			26				17
Net cash (used in) provided by investing activities		$	(3,353	)		$	61,384
Cash Flow From Financing Activities:
Issuance of common stock—equity plans			3,002				10,904
Purchase of treasury stock and other, net			(3,222	)			(3,392	)
Debt issuance costs			(1,656	)			—
Net cash (used in) provided by financing activities		$	(1,876	)		$	7,512
Effect of exchange rates on cash and cash equivalents			1,059				(1,248	)
Net increase in cash and cash equivalents		$	54,513			$	79,843
Cash and Cash Equivalents, Beginning of Period		$	171,618			$	75,974
Cash and Cash Equivalents, End of Period		$	226,131			$	155,817

JDA Software Announces First Quarter 2011 Results
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JDA SOFTWARE GROUP, INC.
Q1 2011 FINANCIAL RESULTS
SUPPLEMENTAL DATA
($ in thousands)

		2010(1)																				2011
		Q1				Q2				Q3				Q4				TOTAL				Q1				Q2				Q3				Q4				TOTAL
REVENUES:
Software licenses		$	24,437			$	32,152			$	16,276			$	36,681			$	109,546			$	31,480															$	31,480
Subscriptions and other recurring revenues			4,287				5,806				5,758				5,292				21,143				4,994																4,994
Maintenance services			57,060				60,594				64,186				64,401				246,241				64,768																64,768
Product revenues			85,784				98,552				86,220				106,374				376,930				101,242																101,242
Consulting services			43,003				55,255				65,947				56,213				220,418				57,644																57,644
Reimbursed expenses			2,844				4,566				6,276				6,175				19,861				4,720																4,720
Services revenue			45,847				59,821				72,223				62,388				240,279				62,364																62,364
Total Revenues		$	131,631			$	158,373			$	158,443			$	168,762			$	617,209			$	163,606															$	163,606
AS REPORTED REVENUE GROWTH RATES:
Software licenses			70	%			21	%			0	%			33	%			29	%			29	%
Subscriptions and other recurring revenues			343	%			483	%			543	%			422	%			446	%			16	%
Maintenance services			33	%			37	%			43	%			37	%			37	%			14	%
Product revenues			47	%			37	%			38	%			41	%			41	%			18	%
Consulting services			87	%			120	%			114	%			96	%			105	%			34	%
Reimbursed expenses			44	%			86	%			128	%			114	%			97	%			66	%
Services revenue			83	%			117	%			115	%			98	%			104	%			36	%
Total Revenues			58	%			59	%			65	%			58	%			60	%			24	%
SOFTWARE LICENSE AND SUBSCRIPTION REVENUES:
Americas		$	18,917			$	27,080			$	16,590			$	31,026			$	93,613			$	21,104															$	21,104
ASPAC			4,404				6,105				2,039				3,046				15,594				2,758																2,758
EMEA			5,403				4,773				3,405				7,901				21,482				12,612																12,612
Total Software Revenues		$	28,724			$	37,958			$	22,034			$	41,973			$	130,689			$	36,474															$	36,474
New sales		$	8,415			$	8,080			$	2,603			$	8,042			$	27,140			$	4,819															$	4,819
Install-base sales			20,309				29,878				19,431				33,931				103,549			$	31,655															$	31,655
Total Software Revenues		$	28,724			$	37,958			$	22,034			$	41,973			$	130,689			$	36,474															$	36,474
As % of Total
New sales			29	%			21	%			12	%			19	%			21	%			13	%															13	%
Install-base sales			71	%			79	%			88	%			81	%			79	%			87	%															87	%
Total Software Revenues			100	%			100	%			100	%			100	%			100	%			100	%															100	%
GROSS PROFIT MARGINS BY LINE OF BUSINESS (2)
Software			91.0	%			92.9	%			86.7	%			92.7	%			91.4	%			92.4	%
Maintenance			78.9	%			76.5	%			79.9	%			79.3	%			78.7	%			78.4	%
Services			16.9	%			24.3	%			23.5	%			18.2	%			21.1	%			17.7	%
Overall Gross Profit Margin			59.9	%			60.7	%			55.1	%			60.0	%			58.9	%			58.4	%
MISCELLANEOUS
Average sales price (ASP) (3)		$	618			$	608			$	573			$	601							$	720
Multiple product deals (3)			21				18				17				19								21
Large deal count (greater than $1M) (3)			24				25				25				25								23
Quota carrying sales representatives			96				92				98				92								106
Maintenance Retention			98.3	%			97.3	%			95.9	%			95.6	%							98.5	%
FREE CASH FLOW (4)
GAAP Operating Cash Flow		$	12,195			$	(2,627	)		$	29,425			$	26,179			$	65,172			$	58,683
Capital Expenditures			(533	)			(5,864	)			(8,388	)			(2,081	)			(16,866	)			(2,997	)
Free Cash Flow (5)		$	11,662			$	(8,491	)		$	21,037			$	24,098			$	48,306			$	55,686
% Growth over prior year			-64	%			-131	%			32	%			68	%			-46	%			368	%

JDA Software Announces First Quarter 2011 Results
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“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 statement regarding having a strong software pipeline for the year and our belief that we are well positioned to achieve our overall goals for 2011. The occurrence of future events may involve a number of risks and uncertainties, including, but not limited to, the risk that for numerous reasons we may not convert our strong 2011 software pipeline into closed 2011 license transactions at the rate we expect, which would prevent us from achieving our 2011 goals, and other risks detailed from time to time in the “Risk Factors” section of our filings with the Securities and Exchange Commission. Additional information relating to the uncertainty affecting our business is contained in our filings with the SEC. As a result of these and other risks, actual results may differ materially from those predicted. JDA is not under any obligation to (and expressly disclaims any such obligation to) update or alter its forward-looking statements, whether as a result of new information, future events or otherwise.

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 First Quarter 2011 Results
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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