Morgan Stanley Reports Tough Quarter For DemandTec

According to Morgan Stanley, DemandTec (NASDAQ: DMAN) saw another tough quarter.

Morgan Stanley said that rev. and EPS met expectations while billings beat on the back of the TGT billing, but renewal rates were in the 70's for the second quarter in a row as integrating two acquisitions pulled focus, and the company lowered full year guidance. “DMAN has an expanding opportunity set in new areas like apparel and quick-service restaurants, and in new product areas with nextGEN.”

DemandTec closed yesterday at $9.10.