Hoofdpagina nieuwsdesk

Manhattan Associates Reports Record Earnings on Strong Revenue Performance

Company raises full-year Revenue and EPS guidance

Atlanta - 20. July 2011

Leading supply chain optimization provider Manhattan Associates, Inc. (NASDAQ: MANH) today reported record second quarter 2011 non-GAAP adjusted diluted earnings per share of $0.65 compared to $0.42 in the second quarter of 2010, on license revenue of $16.3 million and total revenue of $88.4 million. GAAP earnings per share were a record $0.57 compared to earnings of $0.36 per share in the prior year second quarter.
Manhattan Associates President and CEO Pete Sinisgalli commented, "Our second quarter results were strong in essentially all areas. Moreover, our outlook for the second half of 2011 is encouraging.”

SECOND QUARTER 2011 FINANCIAL SUMMARY:

Adjusted diluted earnings per share, a non-GAAP measure, was $0.65 in the second quarter of 2011, compared to $0.42 in the second quarter of 2010.
Consolidated revenue for the second quarter of 2011 was $88.4 million, compared to $77.6 million in the second quarter of 2010. License revenue was $16.3 million in the second quarter of 2011, compared to $15.5 million in the second quarter of 2010.
Adjusted operating income, a non-GAAP measure, was $21.1 million in the second quarter of 2011, compared to $14.4 million in the second quarter of 2010.
GAAP operating income for the second quarter of 2011 was $18.2 million, compared to $12.0 million in the second quarter of 2010.
The Company reported GAAP diluted earnings per share of $0.57 in the second quarterof 2011, compared to $0.36 in the second quarter of 2010.
Cash flow from operations was $16.0 million in the second quarter of 2011, compared to $10.0 million in the second quarter of 2010. Days Sales Outstanding were 55 days at June 30, 2011, compared to 57 days at March 31, 2011.
Cash and investments on-hand at June 30, 2011 was $110.3 million, compared to $126.9 million at December 31, 2010.
The Company repurchased approximately 1.1 million common shares under the share repurchase program authorized by the Board of Directors, totaling $38.3 million at an average share price of $35.50 in the second quarter of 2011. In July 2011, the Board of Directors approved raising the Company's remaining share repurchase authority to an aggregate $50.0 million of Manhattan Associates outstanding common stock.

SIX MONTH 2011 FINANCIAL SUMMARY:

Adjusted diluted earnings per share, a non-GAAP measure, was a record $1.06 for the six months ended June 30, 2011, compared to $0.82 for the six months ended June 30, 2010.
GAAP diluted earnings per share for the six months ended June 30, 2011 was $0.89, compared to $0.68 for the six months ended June 30, 2010.
Consolidated revenue for the six months ended June 30, 2011 was $160.1 million, compared to $151.6 million for the six months ended June 30, 2010. License revenue was $24.1 million for the six months ended June 30, 2011, compared to $29.7 million in the six months ended June 30, 2010.
Adjusted operating income, a non-GAAP measure, was $31.5 million for the six months ended June 30, 2011, compared to $28.7 million for the six months ended June 30, 2010.
GAAP operating income was $25.8 million for the six months ended June 30, 2011, compared to $23.5 million for the six months ended June 30, 2010, which included $1.2 million of recoveries of previously expensed sales tax associated with expiring sales tax audit statutes.
For the six months ended June 30, 2011, the Company repurchased approximately 1.9 million common shares under the share repurchase program authorized by the Board of Directors at an average share price of $33.55, for a total investment of $63.9 million.

SALES ACHIEVEMENTS:

Closing four contracts of $1.0 million or more in recognized license revenue during the quarter.
Completing software license wins with new customers such as: Beigi Foton Motor Co., Ltd, Bollore Logistics, Copernica Inc., CSPC Zhongcheng Pharmaceutical Logistics Company, DBA Amplifier, eCMM Services, Inc., Heilan Group, Jiangsu Horizon Supermarket Company Limited, Michael Kors (USA), Inc., MWI Veterinary Supply Co., Precision Planting Incorporated, Starbucks Corporation and Westco MultiTemp Distribution Centres, Inc.
Expanding partnerships with existing customers such as: American Eagle Outfitters, Inc., Better Life Commercial Chain Share Co LTD, Ceva Logistics U.S., Inc., Coach, Inc., Devanlay SA, Ewing Irrigation, Inc., Family Dollar, Inc., Fiskars Brands,Inc., Follett Higher Education Group, House of Fraser (Stores) Limited, Kwik Trip Inc., Masscash (Pty) Ltd, Ocean State Jobbers, Inc., O'Reilly Automotive, Inc., Panalpina Management AG and True Religion Brand Jeans.

Over het bedrijf

Manhattan Associates levert al ruim 20 jaar wereldwijde supply chain-oplossingen aan meer dan 1200 organisaties die supply chain-software, -processen en -technologie als strategische voorwaarden voor marktleiderschap beschouwen. De supply chain-innovaties van Manhattan omvatten: Manhattan SCOPE™, een portfolio van software-oplossingen en technologie die organisaties helpt hun supply chain van planning tot uitvoering te optimaliseren en Manhattan SCALE™, een portfolio van distributie- en transportmanagement-oplossingen die gebouwd zijn op de Microsoft.NET-technologie. Meer informatie is te vinden op www.manh.com.

Contactgegevens

Voor verdere persinformatie, fotomateriaal of een interview kunt u contact opnemen met Freek Janssen van LEWIS PR
Tel: +31 (0) 40 235 4600                           Fax: +31 (0) 40 235 4601
E-mail: freek.janssen@lewispr.com          www.lewispr.com

Voor meer informatie over Manhattan Associates kunt u contact opnemen met Elena Olfs van Manhattan Associates
Tel: +31 (0) 30 214 3049
E-mail: eolfs@manh.com

Bookmarklets:

Recente persberichten

2012 Archief

2011 Archief

2010 Archief

2009 Archief

2008 Archief

Ga naar:

Hoofdpagina nieuwsdesk

Manhattan Associates Reports Record Earnings on Strong Revenue Performance

Over het bedrijf

Contactgegevens