Manugistics Closes Out A Tough Year - InformationWeek

InformationWeek is part of the Informa Tech Division of Informa PLC

This site is operated by a business or businesses owned by Informa PLC and all copyright resides with them.Informa PLC's registered office is 5 Howick Place, London SW1P 1WG. Registered in England and Wales. Number 8860726.

IoT
IoT
News

Manugistics Closes Out A Tough Year

The No. 2 supply-chain vendor reports lower annual revenue and increased quarterly and full-year losses.

Like so many high-tech vendors that are getting hammered by the downtrodden economy, Manugistics Group Inc. had a tough year.

The second-largest supply-chain management software vendor on Thursday reported a net loss of $212.2 million on revenue of $272.4 million for the fiscal year ended Feb. 28. That compares with a net loss of $115.2 million on revenue of $319.9 million for the previous fiscal year.

Manugistics' fourth-quarter net loss was $111.4 million, more than four times the $25.1 million net loss in the year-ago quarter and $26.0 million in the previous quarter. Its fourth-quarter loss includes a one-time charge of $96.3 million.

Despite the losses, Manugistics chairman and CEO Greg Owens says the company continues to boost its market presence. The company pointed to 11 new customers, including AT&T, Federated Systems Group, and Hershey Foods.

Still, Manugistics says it will continue to consolidate its U.S. operations, which will likely include a further reduction in the number of employees. The company had cut its workforce by 7.4% since November to 1,133 by the end of the fourth quarter.

We welcome your comments on this topic on our social media channels, or [contact us directly] with questions about the site.
Comment  | 
Print  | 
More Insights
State of the Cloud
State of the Cloud
Cloud has drastically changed how IT organizations consume and deploy services in the digital age. This research report will delve into public, private and hybrid cloud adoption trends, with a special focus on infrastructure as a service and its role in the enterprise. Find out the challenges organizations are experiencing, and the technologies and strategies they are using to manage and mitigate those challenges today.
News
COVID-19: Using Data to Map Infections, Hospital Beds, and More
Jessica Davis, Senior Editor, Enterprise Apps,  3/25/2020
Commentary
Enterprise Guide to Robotic Process Automation
Cathleen Gagne, Managing Editor, InformationWeek,  3/23/2020
Slideshows
How Startup Innovation Can Help Enterprises Face COVID-19
Joao-Pierre S. Ruth, Senior Writer,  3/24/2020
Register for InformationWeek Newsletters
Video
Current Issue
IT Careers: Tech Drives Constant Change
Advances in information technology and management concepts mean that IT professionals must update their skill sets, even their career goals on an almost yearly basis. In this IT Trend Report, experts share advice on how IT pros can keep up with this every-changing job market. Read it today!
White Papers
Slideshows
Twitter Feed
Sponsored Live Streaming Video
Everything You've Been Told About Mobility Is Wrong
Attend this video symposium with Sean Wisdom, Global Director of Mobility Solutions, and learn about how you can harness powerful new products to mobilize your business potential.
Sponsored Video
Flash Poll