i2 Technologies, Inc. (Nasdaq: ITWO) rose for a second day, trading Thursday morning up 6 53/64 to 115 1/64. On Wednesday, i2 gained 17 1/8 after reporting record first-quarter revenue and earnings.
The Dallas, Texas-based e-commerce software provider said revenue for the quarter rose to $186 million from $118 million in the same period last year. The company also turned a profit, posting net income of $12 million, or 7 cents a share, compared with a loss of $1.2 million, or one cent.
“Our results this quarter clearly demonstrate the strength of the B2B market and i2’s position as a leading marketplace service provider,” said Sanjiv Sidhu, chief executive officer.
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