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Manhattan Associates Inc. reports developments tied to its supply chain and omnichannel commerce software business. The company provides cloud-based, AI-powered solutions that connect front-end commerce with back-end supply chain execution for retailers, wholesalers, manufacturers, logistics providers and other enterprises.
Recurring news themes include quarterly results, bookings and guidance, Manhattan Active product updates, transportation management recognition, unified commerce research, customer selections for supply chain planning, common share repurchase authorization and executive leadership changes.
Manhattan Associates has recognized Heather Zenk, president of Supply Chain Operations at AmerisourceBergen, as the 2022 Outstanding Woman in Supply Chain. This accolade was presented at the Momentum 2022 event, where Zenk was praised for her leadership during the pandemic, notably in managing the COVID-19 response team. Her contributions included enhancing pharmaceutical supply chain efficiency and patient safety. Manhattan Associates announced a charitable donation in Zenk's name as part of the award. The company continues to support industry leaders driving innovation in supply chains.
Manhattan Associates hosted the 2022 Momentum conference in Hollywood, Florida, gathering over 1,000 executives from top global brands. The event focused on navigating supply chain changes and featured keynotes from CEO Eddie Capel and CTO Sanjeev Siotia, highlighting Manhattan's cloud-native architecture. Sustainability was emphasized, with the initiative to plant a tree for each attendee in collaboration with One Tree Planted. Industry leaders shared insights on building agile supply chains, including DHL's commitment to carbon neutrality and PacSun's digital advancements.
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Manhattan Associates has elected Kimberly Kuryea to its Board of Directors, now comprising eight directors, seven of whom are independent. Kuryea is the senior vice president of human resources at General Dynamics and brings extensive experience in financial accounting and governance. Board chairman John Huntz stated her leadership and expertise would enhance the Board's capabilities. Kuryea expressed excitement about supporting Manhattan's leadership in unified supply chain commerce and commitment to sustainability and diversity.
Agilysys, Inc. (NASDAQ: AGYS) has appointed Terrie O’Hanlon as its new Chief Marketing Officer (CMO). With over 25 years of experience, O'Hanlon has led growth marketing strategies for various global technology firms. Her role will focus on enhancing Agilysys' global market presence and revenue growth through targeted marketing initiatives. O'Hanlon's previous roles include CMO at GreyOrange and DefenseStorm, contributing to significant brand advancements. Under her leadership, Agilysys aims to leverage recent investments in modernizing its software solutions.
Manhattan Associates (NASDAQ: MANH) has revealed advancements in its Manhattan Active® Omni suite, integrating machine learning to enhance delivery date accuracy for online orders from stores. This innovation aims to reduce late deliveries by 30% to 50%. As consumers increasingly demand precise delivery dates, this technology addresses challenges faced by omnichannel retailers. The updated Interactive Inventory solution dynamically calculates real-time delivery dates, improving customer satisfaction and decreasing cart abandonment.
Manhattan Associates (NASDAQ: MANH) announced a successful implementation of its Manhattan Active® Warehouse Management for C&A, a major fashion retailer. Completed in under eight months, this upgrade enabled C&A to more than double its same-day and next-day delivery rates during the 2021 Black Friday peak season. The system, designed to unify distribution processes, recorded a 98% order fill rate without performance issues.
Manhattan Associates reported a strong Q1 2022 with revenue of $179.0 million, up from $156.9 million in Q1 2021. GAAP diluted EPS rose to $0.48 compared to $0.35 the previous year. Cloud subscription revenue grew to $37.3 million, and services revenue reached $89.9 million, reflecting robust demand for their solutions. The company increased its 2022 guidance, expecting total revenue between $720 million and $727 million, and adjusted EPS between $2.14 and $2.22.
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