Manhattan Associates Inc - MANH STOCK NEWS

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.

Manhattan Associates (NASDAQ: MANH) will release its Q1 2022 financial results on April 26, 2022, after market closure. Following the release, a conference call is scheduled for 4:30 p.m. ET on the same day, open for investors to listen via a live webcast on the investor relations section of its website. A replay will be available for those unable to attend the live broadcast. Manhattan Associates specializes in supply chain and omnichannel commerce technology, providing software solutions that enhance both sales and profitability for its customers.

Manhattan Associates (NASDAQ: MANH) has announced that British fashion retailer New Look will implement its Manhattan Active Omni solution. This strategic collaboration aims to enhance New Look's fulfilment network, inventory management, and customer experience.

The order management system will provide a unified inventory view, optimize sales, and improve omnichannel functionalities, including store fulfilment. This initiative seeks to adapt to changing consumer expectations and bolster New Look's position as a leading British fashion brand.

Manhattan Associates (NASDAQ: MANH) has partnered with the Dutch fashion brand Scotch & Soda to enhance its supply chain operations through the implementation of Manhattan Active Allocation and Warehouse Management. This move supports Scotch & Soda's global omnichannel distribution strategy, particularly focusing on improving inventory alignment and real-time allocation. The integration aims to minimize inventory risks and improve fulfillment efficiency across their key distribution centers in the Netherlands and Hong Kong.