Live: Pixel Event Pixel Watch Fire TV vs. Frame TV Hellraiser Review Audible Deal Prime Day Pizza Deals Best Sheets
Want CNET to notify you of price drops and the latest stories?
No, thank you

Manugistics loses $8.2 million

The company posts an $8.2 million quarterly loss despite a 15 percent revenue increase over the like quarter last year.

Manugistics didn't disappoint Wall Street with its earnings report yesterday, posting a loss as predicted.

The Rockville, Maryland-based supply chain management software maker lost $8.2 million its first quarter ended May 31 despite a 15 percent increase in revenue over the like quarter last year to $39.8 million. The hit was mainly due to a 17 percent slump in software licensing fees to $16.7 million from the $20.1 million posted the like quarter last year. The company made $2 million in profits the like quarter last year.

Meanwhile, American Software in Atlanta exceeded analysts' predictions. The resource management and business process automation software vendor posted profits of $7.8 million for the year ended April 30, more than double the profits for the previous year.

American's revenue for the year jumped 27 percent to $107.5 million. Fourth quarter profits were up 32 percent from the same period last year to $2.6 million while revenue increased the quarter 19 percent to $29.9 million over the like quarter last year.