ATLANTA, Oct. 18, 2016 (GLOBE NEWSWIRE) -- Leading Supply Chain Commerce Solutions provider Manhattan Associates, Inc. (NASDAQ:MANH) today reported record Q3 GAAP diluted earnings per share for the third quarter ended September 30, 2016, of $0.47 compared to $0.38 in Q3 2015, on record Q3 license revenue of $21.6 million and record Q3 total revenue of $152.2 million. Non-GAAP adjusted diluted earnings per share for Q3 2016 was a record $0.50 compared to $0.42 in Q3 2015.

We delivered another good quarter of financial performance growing our business with solid customer activity and competitive win rates,” said Eddie Capel, Manhattan Associates President and CEO. “We remain focused on serving our customers and investing in omni-channel, retail store and distribution management innovation to extend our market leadership. Demand for our solutions continues to be solid and we are making excellent progress with our innovation road map. Our outlook for the balance of 2016 and beyond is quite positive.”

THIRD QUARTER 2016 FINANCIAL SUMMARY:

  • GAAP diluted earnings per share was $0.47 in Q3 2016, compared to $0.38 in Q3 2015.

  • Adjusted diluted earnings per share, a non-GAAP measure, was $0.50 in Q3 2016, compared to $0.42 in Q3 2015.

  • Consolidated total revenue was $152.2 million in Q3 2016, compared to $142.3 million in Q3 2015. License revenue was $21.6 million in Q3 2016, compared to $19.1 million in Q3 2015.

  • GAAP operating income was $53.6 million in Q3 2016, compared to $43.7 million in Q3 2015.

  • Adjusted operating income, a non-GAAP measure, was $57.2 million in Q3 2016, compared to $49.1 million in Q3 2015.

  • Cash flow from operations was $42.0 million in Q3 2016, compared to $41.3 million in Q3 2015. Days Sales Outstanding was 60 days at September 30, 2016, compared to 55 days at June 30, 2016.

  • Cash and investments totaled $110.8 million at September 30, 2016, compared to $95.2 million at June 30, 2016.

  • During the three months ended September 30, 2016, the Company repurchased 420,412 shares of Manhattan Associates common stock under the share repurchase program authorized by the Board of Directors, for a total investment of $25.0 million. In October 2016, the Board of Directors approved raising the Company's share repurchase authority to an aggregate of $50.0 million of the Company’s outstanding common stock.

NINE MONTH 2016 FINANCIAL SUMMARY:

  • GAAP diluted earnings per share for the nine months ended September 30, 2016, was a record $1.30, compared to $1.04 for the nine months ended September 30, 2015.  

  • Adjusted diluted earnings per share, a non-GAAP measure, was a record $1.41 for the nine months ended September 30, 2016, compared to $1.14 for the nine months ended September 30, 2015.

  • Consolidated revenue for the nine months ended September 30, 2016, was a record $457.0 million, compared to $414.9 million for the nine months ended September 30, 2015. License revenue was a record $62.9 million for the nine months ended September 30, 2016, compared to $58.2 million for the nine months ended September 30, 2015.  

  • GAAP operating income was a record $149.0 million for the nine months ended September 30, 2016, compared to $121.9 million for the nine months ended September 30, 2015.

  • Adjusted operating income, a non-GAAP measure, was a record $161.0 million for the nine months ended September 30, 2016, compared to $133.3 million for the nine months ended September 30, 2015. 

  • Cash flow from operations was a record $101.5 million in the nine months ended September 30, 2016, compared to $84.0 million in the nine months ended September 30, 2015.

  • During the nine months ended September 30, 2016, the Company repurchased 1,864,018 shares of Manhattan Associates common stock under the share repurchase program authorized by the Board of Directors, for a total investment of $108.5 million.

SALES ACHIEVEMENTS:

  • Recognized license revenue of $1.0 million or more on five new contracts during Q3 2016.

  • Completed software license wins with new customers such as: Arhaus, Brightstar, Custom Goods, Euromaster Tires, LTI Trucking, 1912, Raia Drogasil, Saint-Gobain and SDR Distribution Services.

  • Expanded relationships with existing customers such as: Allen Edmonds, Asda, Bally Technologies, Conair, Costa del Mar, Five Below, Floor & Decor, Gerber Childrenswear, Hy-Vee, J.Crew, L Brands, Langham Logistics, LS Distribution North America, National DCP, O’Key, Össur, Ozburn-Hessey Logistics, Padini, Perfect 10, Precision Planting, Rhee Brothers, Samson Opt, Purcotton, Simplehuman, Southern Glazer’s Wine & Spirits, Stella & Dot, Super Retail Group, The Travis Association for the Blind, Thermwell Products, TwinMed, Uline, Uni-Select, UPS Supply Chain, VF Services and West Coast Distribution. 

2016 GUIDANCE

Manhattan Associates provides the following revenue and diluted earnings per share guidance for the full year 2016:

           
    Guidance Range - 2016 Full Year
 ($'s in millions, except EPS) $ Range % Growth Range
           
 Total revenue - current guidance$  603   $  609    8%  9%
           
 Total revenue - previous guidance $  615  $  620   11%  12%
           
Diluted earnings per share (EPS):        
 GAAP EPS - current guidance $  1.68   $  1.70    20%  21%
 Equity-based compensation    0.14      0.14      
 Purchase amortization    -       -       
 Adjusted EPS(1) - current guidance$  1.82   $  1.84    20%  21%
           
 GAAP EPS - previous guidance $  1.63  $  1.66   16%  19%
 Equity-based compensation    0.15     0.15     
 Purchase amortization    -      -      
 Adjusted EPS(1) - previous guidance$  1.78  $  1.81   17%  19%
           
 (1) Adjusted EPS is a Non-GAAP measure which excludes the impact of equity-based compensation 
   and acquisition-related costs, and the related income tax effects of both.    
           

Manhattan Associates currently intends to publish, in each quarterly earnings release, certain expectations with respect to future financial performance. Those statements, including the guidance provided above, are forward looking. Actual results may differ materially. Those statements, including the guidance provided above, do not reflect the potential impact of mergers, acquisitions or other business combinations that may be completed after the date of the release.

Manhattan Associates will make its earnings release and published expectations available on its website (www.manh.com). Following publication of this earnings release, any expectations with respect to future financial performance contained in this release, including the guidance above, should be considered historical only, and Manhattan Associates disclaims any obligation to update them.

CONFERENCE CALL

The Company’s conference call regarding its third quarter financial results will be held today, October 18, 2016, at 4:30 p.m. Eastern Daylight Time. Investors are invited to listen to a live webcast of the conference call through the investor relations section of Manhattan Associates' website at www.manh.com. To listen to the live webcast, please go to the website at least 15 minutes before the call to download and install any necessary audio software.

For those who cannot listen to the live broadcast, a replay can be accessed shortly after the call by dialing +1.855.859.2056 in the U.S. and Canada, or +1.404.537.3406 outside the U.S., and entering the conference identification number 81439460 or via the web www.manh.com. The phone replay will be available for two weeks after the call, and the Internet webcast will be available until Manhattan Associates’ fourth quarter 2016 earnings release.

GAAP VERSUS NON-GAAP PRESENTATION

The Company provides adjusted operating income, adjusted net income and adjusted diluted earnings per share in this press release as additional information regarding the Company’s historical and projected operating results. These measures are not in accordance with – or alternatives to – GAAP, and may be different from non-GAAP operating income, non-GAAP net income and non-GAAP earnings per share measures used by other companies. The Company believes that the presentation of these non-GAAP financial measures facilitates investors’ ability to understand and compare the Company’s results and guidance, because the measures provide supplemental information in evaluating the operating results of its business, as distinct from results that include items that are not indicative of ongoing operating results, and because the Company believes its peers typically publish similar non-GAAP measures. This release should be read in conjunction with the Company’s Form 8-K earnings release filing for the quarter and nine months ended September 30, 2016. 

Non-GAAP adjusted operating income, adjusted net income and adjusted diluted earnings per share exclude the impact of equity-based compensation and acquisition-related costs and the amortization thereof – all net of income tax effects. Reconciliations of the Company’s GAAP financial measures to non-GAAP adjustments are included in the supplemental information attached to this release.

ABOUT MANHATTAN ASSOCIATES

Manhattan Associates makes commerce-ready supply chains that bring all points of commerce together so you’re ready to sell and ready to execute. Across the store, through your network or from your fulfillment center, we design, build and deliver market-leading solutions that support both top-line growth and bottom-line profitability. By converging front-end sales with back-end supply chain execution, our software, platform technology and unmatched experience help our customers get commerce ready—and ready to reap the rewards of the omni-channel marketplace. For more information, please visit www.manh.com.

This press release contains “forward-looking statements” relating to Manhattan Associates, Inc.  Forward-looking statements in this press release include the information set forth under “2016 Guidance.” Prospective investors are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, and that actual results may differ materially from those contemplated by such forward-looking statements. Among the important factors that could cause actual results to differ materially from those indicated by such forward-looking statements are: uncertainty about the global economy, delays in product development, competitive pressures, software errors, information security breaches and the risk factors set forth in Item 1A of the Company’s Annual Report on Form 10-K for the year ended December 31, 2015 and Form 10-Q for the quarter ended June 30, 2016. Manhattan Associates undertakes no obligation to update or revise forward-looking statements to reflect changed assumptions, the occurrence of unanticipated events or changes in future operating results.

  
MANHATTAN ASSOCIATES, INC. AND SUBSIDIARIES 
Condensed Consolidated Statements of Income 
(in thousands, except per share amounts) 
  
  Three Months Ended September 30,  Nine Months Ended September 30, 
  2016  2015  2016  2015 
  (unaudited)  (unaudited)  (unaudited)  (unaudited) 
Revenue:                
Software license $21,633  $19,130  $62,871  $58,202 
Services  119,267   112,549   355,363   321,096 
Hardware and other  11,313   10,625   38,731   35,638 
Total revenue  152,213   142,304   456,965   414,936 
Costs and expenses:                
Cost of license  2,966   2,305   8,401   7,348 
Cost of services  49,436   46,682   149,733   137,930 
Cost of hardware and other  9,276   9,109   30,874   29,819 
Research and development  13,389   13,589   41,553   40,402 
Sales and marketing  10,003   10,904   34,606   34,640 
General and administrative  11,225   14,058   36,041   37,223 
Depreciation and amortization  2,334   1,977   6,806   5,656 
Total costs and expenses  98,629   98,624   308,014   293,018 
Operating income  53,584   43,680   148,951   121,918 
Other income, net  210   604   1,384   1,225 
Income before income taxes  53,794   44,284   150,335   123,143 
Income tax provision  20,298   16,387   56,018   46,038 
Net income $33,496  $27,897  $94,317  $77,105 
                 
Basic earnings per share $0.47  $0.38  $1.31  $1.05 
Diluted earnings per share $0.47  $0.38  $1.30  $1.04 
                 
Weighted average number of shares:                
Basic  71,403   73,259   71,981   73,616 
Diluted  71,743   73,761   72,340   74,162 
                 


MANHATTAN ASSOCIATES, INC. AND SUBSIDIARIES 
Reconciliation of Selected GAAP to Non-GAAP Measures 
(in thousands, except per share amounts) 
  
  Three Months Ended September 30,  Nine Months Ended September 30, 
  2016  2015  2016  2015 
                 
Operating income $53,584  $43,680  $148,951  $121,918 
Equity-based compensation (a)  3,541   5,348   11,724   11,087 
Purchase amortization (b)  107   113   322   325 
Adjusted operating income (Non-GAAP) $57,232  $49,141  $160,997  $133,330 
                 
                 
Income tax provision $20,298  $16,387  $56,018  $46,038 
Equity-based compensation (a)  1,310   2,011   4,338   4,169 
Purchase amortization (b)  40   42   119   122 
Adjusted income tax provision (Non-GAAP) $21,648  $18,440  $60,475  $50,329 
                 
                 
Net income $33,496  $27,897  $94,317  $77,105 
Equity-based compensation (a)  2,231   3,337   7,386   6,918 
Purchase amortization (b)  67   71   203   203 
Adjusted net income (Non-GAAP) $35,794  $31,305  $101,906  $84,226 
                 
                 
Diluted EPS $0.47  $0.38  $1.30  $1.04 
Equity-based compensation (a)  0.03   0.05   0.10   0.09 
Purchase amortization (b)  -   -   -   - 
Adjusted diluted EPS (Non-GAAP) $0.50  $0.42  $1.41  $1.14 
                 
Fully diluted shares  71,743   73,761   72,340   74,162 
                 

(a) Adjusted results exclude all equity-based compensation, to facilitate comparison with our peers and for the other reasons explained in our Current Report on Form 8-K filed with the SEC on the date hereof. Equity-based compensation is included in the following GAAP operating expense lines for the three and nine months ended September 30, 2016 and 2015:

       
  Three Months Ended September 30,  Nine Months Ended September 30, 
  2016  2015  2016  2015 
                 
Cost of services $828  $504  $2,975  $2,024 
Research and development  548   575   1,922   1,503 
Sales and marketing  558   847   1,838   1,727 
General and administrative  1,607   3,422   4,989   5,833 
Total equity-based compensation $3,541  $5,348  $11,724  $11,087 
                 

(b) Adjustments represent purchased intangibles amortization from prior acquisition. Such amortization is excluded from adjusted results to facilitate comparison with our peers, to facilitate comparisons of the results of our core operations from period to period and for the other reasons explained in our Current Report on Form 8-K filed with the SEC on the date hereof.

  
MANHATTAN ASSOCIATES, INC. AND SUBSIDIARIES 
Condensed Consolidated Balance Sheets 
(in thousands, except share and per share data) 
  
  September 30, 2016  December 31, 2015 
  (unaudited)     
ASSETS        
Current Assets:        
Cash and cash equivalents $110,831  $118,416 
Short-term investments  -   10,344 
Accounts receivable, net of allowance of $4,208 and $7,031, respectively  98,895   97,379 
Prepaid expenses and other current assets  12,513   10,772 
Total current assets  222,239   236,911 
         
Property and equipment, net  19,995   21,176 
Goodwill, net  62,237   62,233 
Deferred income taxes  4,922   4,648 
Other assets  6,688   7,275 
Total assets $316,081  $332,243 
         
LIABILITIES AND SHAREHOLDERS' EQUITY        
Current liabilities:        
Accounts payable $9,548  $11,219 
Accrued compensation and benefits  18,237   29,284 
Accrued and other liabilities  12,611   13,853 
Deferred revenue  69,067   68,757 
Income taxes payable  9,813   4,072 
Total current liabilities  119,276   127,185 
         
Other non-current liabilities  9,771   9,566 
         
Shareholders' equity:        
Preferred stock, no par value; 20,000,000 shares authorized, no shares issued or outstanding in 2016 and 2015  -   - 
Common stock, $0.01 par value; 200,000,000 shares authorized; 71,189,036 and 72,766,383 shares issued and outstanding at September 30, 2016 and December 31, 2015, respectively  712   728 
Retained earnings  200,343   207,070 
Accumulated other comprehensive loss  (14,021)  (12,306)
Total shareholders' equity  187,034   195,492 
Total liabilities and shareholders' equity $316,081  $332,243 
         


MANHATTAN ASSOCIATES, INC. AND SUBSIDIARIES
Condensed Consolidated Statements of Cash Flows
(in thousands)
 
  Nine Months Ended September 30,
   2016   2015 
  (unaudited) (unaudited)
Operating activities:    
Net income $  94,317  $  77,105 
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization  6,806   5,656 
Equity-based compensation  11,724   11,087 
Loss (Gain) on disposal of equipment  19   (38)
Tax benefit of stock awards exercised/vested  5,166   8,435 
Excess tax benefits from equity-based compensation  (5,170)  (8,413)
Deferred income taxes  (259)  712 
Unrealized foreign currency (gain) loss  (363)  86 
Changes in operating assets and liabilities:    
Accounts receivable, net  (1,850)  (6,609)
Other assets  (1,555)  (1,592)
Accounts payable, accrued and other liabilities  (14,033)  (8,444)
Income taxes  6,063   (602)
Deferred revenue  633   6,651 
Net cash provided by operating activities  101,498   84,034 
     
Investing activities:    
Purchase of property and equipment  (5,465)  (9,619)
Net maturities (purchases) of investments  10,201   (1,825)
Net cash provided by (used in) investing activities  4,736   (11,444)
     
Financing activities:    
Purchase of common stock  (117,968)  (86,839)
Proceeds from issuance of common stock from options exercised  18   568 
Excess tax benefits from equity-based compensation  5,170   8,413 
Net cash used in financing activities  (112,780)  (77,858)
     
Foreign currency impact on cash  (1,039)  (1,411)
     
Net change in cash and cash equivalents  (7,585)  (6,679)
Cash and cash equivalents at beginning of period  118,416   115,708 
Cash and cash equivalents at end of period $  110,831  $   109,029 
         

MANHATTAN ASSOCIATES, INC.
SUPPLEMENTAL INFORMATION

1. GAAP and Adjusted earnings per share by quarter are as follows:

   2015  2016 
   1st Qtr  2nd Qtr  3rd Qtr  4th Qtr  Full Year  1st Qtr  2nd Qtr  3rd Qtr  YTD 
GAAP Diluted EPS  $0.31  $0.35  $0.38  $0.36  $1.40  $0.38  $0.46  $0.47  $1.30 
Adjustments to GAAP:                                     
Equity-based
  compensation
   0.03   0.02   0.05   0.03   0.12   0.04   0.03   0.03   0.10 
Purchase amortization   -   -   -   -   -   -   -   -   - 
Adjusted Diluted EPS  $0.34  $0.37  $0.42  $0.39  $1.52  $0.42  $0.49  $0.50  $1.41 
Fully Diluted Shares   74,607   74,126   73,761   73,555   74,038   73,020   72,228   71,743   72,340 

2.    Revenues and operating income by reportable segment are as follows (in thousands):

   2015  2016 
   1st Qtr  2nd Qtr  3rd Qtr  4th Qtr  Full Year  1st Qtr  2nd Qtr  3rd Qtr  YTD 
Revenue:                                     
Americas  $109,959  $117,154  $120,118  $117,245  $464,476  $128,807  $131,018  $130,099  $389,924 
EMEA   18,305   17,175   16,829   17,767   70,076   15,686   18,185   15,078   48,949 
APAC   5,259   4,780   5,357   6,423   21,819   5,367   5,689   7,036   18,092 
   $133,523  $139,109  $142,304  $141,435  $556,371  $149,860  $154,892  $152,213  $456,965 
                                      
GAAP Operating
Income:
                                     
Americas  $30,182  $36,214  $36,407  $31,020  $133,823  $37,454  $44,126  $46,213  $127,793 
EMEA   5,522   4,516   5,909   6,363   22,310   4,439   6,854   4,822   16,115 
APAC   1,160   644   1,364   2,145   5,313   1,206   1,288   2,549   5,043 
   $36,864  $41,374  $43,680  $39,528  $161,446  $43,099  $52,268  $53,584  $148,951 
                                      
Adjustments (pre-tax):                                     
Americas:                                     
Equity-based
  compensation
  $3,078  $2,661  $5,348  $3,441  $14,528  $4,688  $3,495  $3,541  $11,724 
Purchase amortization   106   106   113   107   432   107   108   107   322 
   $3,184  $2,767  $5,461  $3,548  $14,960  $4,795  $3,603  $3,648  $12,046 
                                      
Adjusted non-GAAP
  Operating Income:
                                     
Americas  $33,366  $38,981  $41,868  $34,568  $148,783  $42,249  $47,729  $49,861  $139,839 
EMEA   5,522   4,516   5,909   6,363   22,310   4,439   6,854   4,822   16,115 
APAC   1,160   644   1,364   2,145   5,313   1,206   1,288   2,549   5,043 
   $40,048  $44,141  $49,141  $43,076  $176,406  $47,894  $55,871  $57,232  $160,997 
                                      

3. Our services revenue consists of fees generated from professional services and customer support and software enhancements related to our software products as follows (in thousands):

   2015  2016 
   1st Qtr  2nd Qtr  3rd Qtr  4th Qtr  Full Year  1st Qtr  2nd Qtr  3rd Qtr  YTD 
Professional services  $72,659  $76,548  $80,994  $74,423  $304,624  $84,506  $86,992  $84,843  $256,341 
Customer support and
  software enhancements
   28,544   30,796   31,555   32,559   123,454   31,757   32,841   34,424   99,022 
Total services revenue  $101,203  $107,344  $112,549  $106,982  $428,078  $116,263  $119,833  $119,267  $355,363 
                                      

4. Hardware and other revenue includes the following items (in thousands):

   2015  2016 
   1st Qtr  2nd Qtr  3rd Qtr  4th Qtr  Full Year  1st Qtr  2nd Qtr  3rd Qtr  YTD 
Hardware revenue  $7,730  $7,080  $5,462  $9,243  $29,515  $8,761  $9,554  $6,543  $24,858 
Billed travel   5,276   4,927   5,163   4,797   20,163   4,229   4,874   4,770   13,873 
Total hardware and
  other revenue
  $13,006  $12,007  $10,625  $14,040  $49,678  $12,990  $14,428  $11,313  $38,731 
                                      

5. Impact of Currency Fluctuation

The following table reflects the increases (decreases) in the results of operations for each period attributable to the change in foreign currency exchange rates from the prior period as well as foreign currency gains (losses) included in other income, net for each period (in thousands):

   2015  2016 
   1st Qtr  2nd Qtr  3rd Qtr  4th Qtr  Full Year  1st Qtr  2nd Qtr  3rd Qtr  YTD 
Revenue  $(3,426) $(3,599) $(3,421) $(2,263) $(12,709) $(810) $(474) $(784) $(2,068)
Costs and expenses   (2,546)  (3,201)  (2,820)  (2,058)  (10,625)  (1,292)  (702)  (782)  (2,776)
Operating income   (880)  (398)  (601)  (205)  (2,084)  482   228   (2)  708 
Foreign currency (losses)
  gains in other income
   (86)  (4)  213   (199)  (76)  165   331   (72)  424 
   $(966) $(402) $(388) $(404) $(2,160) $647  $559  $(74) $1,132 
                                      

Manhattan Associates has a large research and development center in Bangalore, India.  The following table reflects the increases (decreases) in the financial results for each period attributable to changes in the Indian Rupee exchange rate (in thousands):

   2015  2016 
   1st Qtr  2nd Qtr  3rd Qtr  4th Qtr  Full Year  1st Qtr  2nd Qtr  3rd Qtr  YTD 
Operating income  $72  $468  $571  $492  $1,603  $682  $459  $259  $1,400 
Foreign currency gains
  (losses) in other income
   45   182   423   2   652   (109)  212   (44)  59 
Total impact of changes
  in the Indian Rupee
  $117  $650  $994  $494  $2,255  $573  $671  $215  $1,459 
                                      

6. Other income (loss) includes the following components (in thousands):

   2015  2016 
   1st Qtr  2nd Qtr  3rd Qtr  4th Qtr  Full Year  1st Qtr  2nd Qtr  3rd Qtr  YTD 
Interest income  $324  $335  $336  $336  $1,331  $335  $329  $281  $945 
Foreign currency (losses)
  gains
   (86)  (4)  213   (199)  (76)  165   331   (72)  424 
Other non-operating
  income (expense)
   24   28   55   33   140   20   (6)  1   15 
Total other income (loss)  $262  $359  $604  $170  $1,395  $520  $654  $210  $1,384 
                                      

7. Capital expenditures are as follows (in thousands):

   2015  2016 
   1st Qtr  2nd Qtr  3rd Qtr  4th Qtr  Full Year  1st Qtr  2nd Qtr  3rd Qtr  YTD 
Capital expenditures  $3,098  $2,671  $3,850  $1,873  $11,492  $1,906  $2,201  $1,358  $5,465 
                                      

8.    Stock Repurchase Activity (in thousands):

   2015  2016 
   1st Qtr  2nd Qtr  3rd Qtr  4th Qtr  Full Year  1st Qtr  2nd Qtr  3rd Qtr  YTD 
Shares purchased under
  publicly-announced
  buy-back program
  524   458   399   340   1,721   892   552   420   1,864 
Shares withheld for taxes
  due upon vesting of
  restricted stock
  212   2   9   3   226   163   -   3   166 
Total shares purchased   736   460   408   343   1,947   1,055   552   423   2,030 
Total cash paid for shares
  purchased under
  publicly-announced
  buy-back program
 $26,306  $25,214  $25,001  $25,078  $101,599  $48,499  $34,995  $24,998  $108,492 
Total cash paid for shares
  withheld for taxes due
  upon vesting of restricted
  stock
  9,727   83   508   221   10,539   9,292   26   158   9,476 
Total cash paid for shares
  repurchased
  $36,033  $25,297  $25,509  $25,299  $112,138  $57,791  $35,021  $25,156  $117,968 
                                      

 

Contact:

Dennis Story
Chief Financial Officer
Manhattan Associates, Inc.
770-955-7070
dstory@manh.com

Beverly McDonald
Senior Director, Corporate Marketing
Manhattan Associates, Inc.
678-597-6528
bmcdonald@manh.com