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September 23, 1997updated 03 Sep 2016 7:42pm

MANUGISTICS SECOND QUARTER EXCEEDS ESTIMATES BY 20%

By CBR Staff Writer

In the world of growth stocks, Manugistics Group Inc has shined brighter than most over the last five quarters, and investors have been rewarded once again this week as the company announced earnings which exceeded the consensus of estimates by 20%. Second-quarter net income was up 82% at $2.6m on revenue up 80% at $37.8m. For the third successive period the company has doubled its software license revenues over the equivalent period last year, and the stock, having climbed $3 on the news, now sits at $43, an increase of over 600% in 18 months. Based in Rockville, Maryland, Manugistics provides large companies with supply chain management software which helps managers to schedule complex supply and demand problems, particularly in manufacturing environments. Part of this quarter’s growth is attributable to sales made through partnerships with the large enterprise resource planing software vendors, such as Germany’s SAP AG. Manugistics’ package is now fully integrated with SAP R/3. This quarter also included a follow on public stock offering of 1.9 million shares, raising $62m of cash for Manugistics to invest in acquisitions and organic growth. The company now has new offices in Australia and South America.

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