Manugistics Group Has 3rd-Quarter Profit as Sales Almost Double
Rockville, Maryland, Dec. 19 (Bloomberg) -- Manugistics Group Inc., a maker of software that links suppliers to manufacturers, said it had a third-quarter profit, reversing a year-ago loss, as sales nearly doubled.
Net income was $3.4 million, or 5 cents a share after adjusting for a 2-for-1 stock split, in the quarter ended Nov. 30, Chief Executive Greg Owens said. That's compared with a loss of $4.8 million, or 9 cents, a year earlier. Sales surged to $70 million from $35.8 million.
Licensing revenue more than doubled as Manugistics attracted customers including Juniper Networks Inc. and Lexmark International Inc. Manugistics' software aids the planning of producing and delivering goods from vendors to customers.
The company had a non-cash gain of $6.1 million, or 9 cents a share, making net income $9.4 million, or 14 cents.
The company was expected to earn 3 cents a share, the average estimate of analysts polled by First Call/Thomson Financial.
Manugistics shares traded as high as $47.94 in after-hours trading, after falling $2.63 to $44.06 during regular trading. Its shares have almost tripled this year.
Dec/19/2000 19:10 ET |
