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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 (NASDAQ: MANH) will release its third quarter 2020 financial results on October 22, 2020, post-market close. A conference call with senior management will follow at 4:30 PM ET. Investors can access a live webcast through the investor relations section of the Manhattan Associates website, with an option for replay available for two weeks after the call. The company specializes in supply chain and omnichannel commerce technology, providing cloud and on-premises solutions to enhance profitability and growth for customers.
Manhattan Associates reported Q2 2020 revenue of $135.6 million, down from $154.3 million in Q2 2019. GAAP diluted EPS was $0.30, compared to $0.32 in the previous year. The company raised its full-year revenue and earnings guidance due to strong cloud business growth, with cloud subscription revenue increasing to $18.5 million from $9.0 million YoY. However, services revenue fell to $71.8 million from $94.0 million, attributed to delays linked to the COVID-19 pandemic. Manhattan's cash flow improved to $48.8 million from $37.2 million in Q2 2019.
Manhattan Associates (NASDAQ: MANH) will announce its Q2 2020 financial results on July 23, 2020, after market closure. A conference call with senior management will follow at 4:30 PM ET on the same day. Investors can access the live webcast via the investor relations section of their website. For those unable to join live, a replay will be available shortly after the call. Manhattan Associates continues to advance its technology leadership in supply chain and omnichannel commerce, providing integrated solutions to enhance profitability and growth for customers.
Manhattan Associates (NASDAQ: MANH) has been recognized as a Leader in Gartner's Magic Quadrant for Transportation Management Systems for its Transportation Management System (TMS). This recognition underscores Manhattan's commitment to enhancing customer experiences through innovative logistics solutions.
The TMS facilitates seamless management of inbound and outbound logistics, attracting major clients like PLUS Retail in the Netherlands. The solution is part of the Manhattan Active® Supply Chain Solution suite, offering advanced capabilities for adapting to supply chain changes.
Manhattan Associates (NASDAQ: MANH) unveiled its Manhattan Active® Warehouse Management solution at the Momentum Connect customer conference on May 20, 2020. This innovative cloud-native WMS integrates distribution functions with a user-friendly mobile interface and machine learning capabilities. The new system ensures continuous updates without requiring upgrades, enhancing operational efficiency. The architecture allows automatic scaling to accommodate fluctuating demand and optimizes labor operations through integrated automation and robotics, setting a new standard for warehouse management.