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Manhattan Associates Inc. (NASDAQ: MANH) is a global leader in supply chain, inventory, and omnichannel solutions. Established in 1990, the company has provided innovative software solutions to over 1,200 customers worldwide, including retailers, wholesalers, manufacturers, and logistics providers. Through its advanced cloud-native technology, Manhattan Associates maximizes warehouse efficiency, ensuring timely delivery and smarter orchestration of orders.
Recently, Manhattan Associates announced a strategic partnership with TeamViewer, a leading provider of remote connectivity and digitalization solutions. This collaboration aims to integrate TeamViewer's vision picking technology with Manhattan Active Warehouse Management (MAWM) platform, enhancing warehouse operations with augmented reality for improved accuracy and efficiency.
Financially, Manhattan Associates has remained debt-free since its inception and continues to invest in the latest technologies such as AI, machine learning, and robotics. The company's robust financial health allows it to innovate continually and offer cutting-edge solutions that address critical industry challenges.
At Manhattan Associates, the focus is on moving life and commerce forward by connecting and optimizing every aspect of the supply chain. The company's dedication to providing high-quality solutions has earned it a solid reputation over the past 25 years.
Manhattan Associates (NASDAQ: MANH) will announce its Q2 2021 financial results on July 27, 2021, post-market. A conference call with senior management is scheduled for the same day at 4:30 p.m. ET, available via live webcast on the company's investor relations website. Investors can access a replay of the call through designated phone numbers or the website shortly after the event, lasting for two weeks. Manhattan Associates is recognized as a leader in supply chain and omnichannel commerce technology.
Manhattan Associates (NASDAQ: MANH) announced that Graybar has chosen to implement Manhattan Active Warehouse Management to enhance its warehouse operations by the end of this year. Graybar, a leading distributor of electrical and data networking products, selected this cloud-native system for its scalability and reduced IT requirements. This system unifies distribution management without the need for upgrades. Executives from both companies expressed enthusiasm for the partnership, emphasizing its potential to improve customer service and supply chain efficiency.
Manhattan Associates (NASDAQ: MANH) announced that Hy-Vee has selected its transportation management system (TMS) to enhance logistics efficiency and visibility. With over 275 retail stores and annual sales of $11 billion, Hy-Vee aims to improve the handling of perishable goods. Manhattan's TMS provides a comprehensive solution for managing all transportation functions, focusing on cost reduction and service improvement. This partnership underscores Manhattan's capability to deliver reliable technology to complex logistics operations.
Manhattan Associates (NASDAQ: MANH) announced that Hot Topic, Inc. has chosen to upgrade its warehouse management system (WMS) to Manhattan Active® Warehouse Management. This transition to a cloud-native system will enhance order processing, warehouse execution, and picking capabilities. The upgrade aligns with Hot Topic's growth strategy as it manages multiple brands and fulfillment centers. COO Mike Yerkes emphasized the importance of supporting online growth and automation integration in their decision. Bob Howell from Manhattan Associates expressed pride in their long-standing partnership and commitment to Hot Topic's success.
Manhattan Associates (NASDAQ: MANH) has partnered with Lands' End to implement its Manhattan Active Supply Chain solution. This initiative supports Lands' End's Uni-Channel strategy, aimed at enhancing customer experience across multiple shopping platforms, including online and retail. The implementation will begin with Transportation Management in June and Warehouse Management in August. The collaboration is expected to provide improved agility and control over supply chain operations, crucial for meeting evolving customer demands.
Manhattan Associates Inc. has announced a significant advancement in supply chain efficiency with the introduction of Manhattan Active Supply Chain, a single cloud-native application that integrates distribution, transportation, labor, and automation. This technology merges viewing, planning, optimization, and execution activities, enhancing operational agility and productivity. By unifying these capabilities, the solution aims to accelerate deliveries, improve worker productivity, and provide real-time analytics, establishing a comprehensive environment for supply chain management.
Manhattan Associates has launched its new Manhattan Active® Transportation Management solution, aiming to revolutionize logistics planning. This cloud-native system is the industry's first self-configuring and self-tuning technology, enhancing optimization speeds by up to 80%. Designed for today's complex logistics networks, the solution promises faster, easier shipment planning, while its advanced optimization engine utilizes machine learning for improved accuracy. The platform is built on microservices, ensuring adaptability and seamless updates without disruptions.
Manhattan Associates (NASDAQ: MANH) announced that WSI, a top U.S. third-party logistics provider, has adopted the Manhattan Active® Warehouse Management system. This decision follows WSI's plan to enhance its logistics services and adapt to shifting market trends, particularly in e-commerce. Manhattan Active WMS is recognized for its cloud-native capabilities, automatic scalability, and comprehensive distribution management features. The partnership aims to improve operational efficiency and client service, enabling WSI to better respond to evolving market conditions.
Manhattan Associates reported a strong Q1 2021, with revenue of $156.9 million, up from $153.9 million in Q1 2020. Both GAAP and non-GAAP diluted earnings per share (EPS) were $0.35, while adjusted EPS increased to $0.43 from $0.40 year-over-year. Record bookings were reported with a RPO of $421 million, doubling from last year. The company raised its full-year revenue guidance to $625-$640 million, with an adjusted EPS forecast of $1.60-$1.70. Cash flow from operations improved significantly to $39.9 million.
Manhattan Associates (NASDAQ: MANH) has been recognized as a Leader in Gartner's Magic Quadrant for Transportation Management Systems for three consecutive years. This acknowledgment highlights the company's advanced transportation management solutions, which address evolving consumer delivery expectations and business continuity needs. Manhattan's TMS scored among the top three for Complexity Use Cases and received high customer ratings for Integration & Deployment and Service & Support. The software enhances profitability while minimizing environmental impact.
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