MANUGISTICS TRIMS RED INK

   Manugistics Group Inc., a Rockville, Md.-based supply-chain software developer, has reported narrower losses for the third quarter and nine-month periods ended Nov. 30.
   Manugistics reported a third quarter net loss of $4.8 million, compared to a net loss of $10.4 million last year. Third quarter revenue slipped more than 16 percent to $35.8 million.
   Year-to-date, Manugistics reported a net loss of $7.8 million, compared to a $24.9 million loss last year, on a 20.6 percent drop in revenue to $108.8 million.
   Gregory J. Owens, president and chief executive officer, said Manugistics has demonstrated "increased momentum in sales execution as evidenced by the 35 percent sequential growth in license fee revenues."