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."
MANUGISTICS TRIMS RED INK
MANUGISTICS TRIMS RED INK
