Manugistics: An Old Dog Learns New Tricks
Steve McVey - April 17, 2000

Event Summary

Manugistics Group, Inc. recently announced its fourth quarter and fiscal year-end results. License revenues grew 51% over the third quarter to $22.0 million, while services and maintenance revenues remained largely flat at $21.7 million, a 2% rise over the third quarter. The company signed a substantial number of new clients, an effort that resulted in a 17% increase in sales and marketing expenditures over the last quarter for building its global sales organization. At $1.1 million, net loss for the quarter was smaller than expectations, fueling a 9-point surge in Manugistics' stock, which closed at 65 + on Friday, March 24...