September 15, 1999 07:45 AM ROCKVILLE, Md., Sept. 15 /PRNewswire/ -- Manugistics Group, Inc. MANU today reported quarterly revenues and earnings for the period ended August 31, 1999. For its second quarter, Manugistics generated revenues of $33.8 million. The company reported a net loss for the quarter of approximately $3.4 million, or $.13 per basic and diluted share compared to a net loss of $6.0 million, or $.23 per basic and diluted share, in the same quarter in the prior year.
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Uncertain Future , these latest events should come as no surprise. The significant headcount reduction accomplished during the last quarter of fiscal 1999 resulted in a drop in operating expenses, enabling Manugistics to post a small profit in their first quarter of $0.4 million or $0.01 per share. Restructuring alone, however, cannot return a company to long term profitability. The 30% revenue from new licenses stands in stark contrast to the 62% figure achieved by growth-oriented i2 Technologies,