September 15, 1999 07:45 AM ROCKVILLE, Md., Sept. 15 /PRNewswire/ -- Manugistics Group, Inc. MANU today reported quarterly revenues and earnings for the period ended August 31, 1999. For its second quarter, Manugistics generated revenues of $33.8 million. The company reported a net loss for the quarter of approximately $3.4 million, or $.13 per basic and diluted share compared to a net loss of $6.0 million, or $.23 per basic and diluted share, in the same quarter in the prior year.
independent under then CEO, William Gibson, through a leveraged buyout in 1986. Renamed Manugistics Group, Inc. in 1992, the company established a dominant position in the advanced planning and scheduling and transportation planning markets through successful integration of acquired technologies (such as ROVER Technology in 1991). More recent acquisitions such as ProMIRA and Tyecin Systems have proven unprofitable. Manugistics' large customer base (~900) will enable it to persist independently for at