Ends "Modified Work Schedule" Program for US-based Employees
Conference Call and Web-Cast for Final Results Scheduled for 5:00 p.m. EST, Tuesday, March 26, 2002
ROCKVILLE, Md. -- March 4, 2002 -- Manugistics Group, Inc. (Nasdaq: MANU), the leading global provider of Enterprise Profit Optimization[TM] (EPO) solutions that help companies enhance margins by lowering costs and improving revenues across their supply-demand networks, today announced that its fiscal 2002 fourth quarter software and total revenue will exceed Company guidance and analyst expectations, with better than expected performance in revenue and adjusted earnings (or loss) per diluted share.
"We are very pleased with our fourth quarter fiscal 2002 performance," said Greg Owens, chairman and chief executive officer. "We are continuing to see improved business spending and positive market momentum due to our ability to execute and drive value through our market-leading EPO solutions. We are confident in our ability to continue to take market share and increase revenue as we begin our new fiscal year."
"As a result, as scheduled on March 17, 2002, we will end our modified work schedule (previously announced unpaid leave program) for our US-based employees," concluded Owens.
Manugistics intends to issue a press release announcing the final results of its fiscal fourth quarter and fiscal 2002 ended February 28, 2002 at approximately 4:00 PM Eastern Standard Time (EST) on Tuesday, March 26, 2002. In addition, Manugistics will conduct a simultaneous conference call and audio Web-cast on Tuesday, March 26th at 5:00 PM EST to discuss the company’s financial performance for its fourth quarter and fiscal 2002. Interested parties may listen to the Web-cast by going to http://www.manugistics.com/ir/. In addition, instructions for how to access a recording of the call will be provided in the near future.
Adjustments to earnings (or loss) per share will exclude amortization of intangibles and acquired technology, non-cash stock compensation charges or benefits and restructuring charges, if any; together with related income tax effects.
About Manugistics Group, Inc.
Manugistics helps companies lower operating costs, improve customer service, enhance profitability, and accelerate growth by optimizing the supply-demand network from design and procurement through pricing and delivery. The company provides comprehensive solutions -- for supplier relationship management, supply chain management, and pricing and revenue optimization. Its clients include industry leaders such as 3Com, Amazon.com, Boeing, BP, Brown & Williamson, Caterpillar, Cisco Systems, Coca-Cola Bottling, Compaq, DuPont, eConnections, Fairchild Semiconductor, Ford Motor Company, General Electric, Harley-Davidson, Hormel, Levi Strauss & Co., Marriott, Nestle, Staples, Texas Instruments, Timberland, Unilever, and United Airlines. For more information, go to www.manugistics.com
FOR ADDITIONAL INFORMATION REGARDING THIS ANNOUNCEMENT, CONTACT THE MANUGISTICS NEWSBUREAU HOTLINE AT 301-984-5330.
Investor Contacts:
Nate Wallace
Manugistics Group, Inc.
Investor Relations
301-984-5059
Raj Rajaji
Manugistics Group, Inc.
Chief Financial Officer
301-984-5087
Press Contacts:
Joel Weinshank
Manugistics Group, Inc.
jweinsha@manu.com
301-984-5330
John Conley
Ogilvy PR (For Manugistics)
john.conley@dc.ogilvypr.com
202-452-9524
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