Supply-chain software vendor Manugistics Group Inc. posted the largest quarterly revenue total in the company's history--$70 million--for its fiscal 2001 third quarter, which ended Nov. 30. The figure represents a 96% increase over the $35.8 million in revenue it reported for the same quarter last year.
Profit for the quarter was $3.4 million, or 6 cents a share (5 cents per diluted share), compared with a loss of $4.8 million, 9 cents (diluted and undiluted), last year.
"Manugistics is a turnaround story," AMR Research VP Larry Lapide says. "They have turned a losing company into a winner." Lapide says the company is doing a good job of selling its core supply-chain planning and optimization software and is beginning to win large exchange deals.
The company's quarterly revenue from software license fees alone matched last year's third-quarter revenue total. License fee revenue was up 146%, to $35.8 million, from $14.6 million last year. CEO Greg Owens says Manugistics' E-business software accounted for nearly 40% of license revenue. Service revenue climbed 114%, to $20.5 million, from $9.6 million last year, while support revenue rose 18%, to $13.6 million, from $11.5 million a year ago.