Manugistics losses continue in third quarter
Manugistics, a provider of supply chain management software, last week reported its net loss narrowed to $4.6 million for the third quarter ended Nov. 30, compared to a loss of $13.3 million in the year-earlier period.
The Rockville, Md.-based company narrowed and its operating loss to $3.6 million from $11.5 million. The company has struggled for several years to turn a profit.
Revenue was down 11 percent to $40 million from $45 million.