Welcome to our dedicated page for Manhattan Associates news (Ticker: MANH), a resource for investors and traders seeking the latest updates and insights on Manhattan Associates stock.
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.
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Manhattan Associates Inc. (NASDAQ: MANH) successfully implemented Manhattan SCALE Warehouse Management System at Travis Association for the Blind, empowering visually disabled workers and optimizing warehouse operations. The facility employs 170 blind and 21 deaf and blind workers in its 402-person workforce, shipping over 500,000 orders annually to over 10,300 worldwide destinations.
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Manhattan Associates Inc. (NASDAQ: MANH) announced that NorgesGruppen, Norway’s largest grocery retailer, has chosen Manhattan Active Warehouse Management to meet the expanding delivery expectations for its premium supermarket brand, MENY. With 1,800 grocery stores and a further 900 retail convenience goods stores, NorgesGruppen offers food and consumer goods to 88 percent of the country. The CEO of NorgesGruppen Data highlighted the need to analyze the supply chain and warehouse capabilities to keep up with customers’ expectations, both online and in-store. The CEO of MENY emphasized the response to expected e-commerce demands and the building of a new e-commerce fulfillment center to improve customer service across Oslo. The decision to use Manhattan's warehouse management solution is aligned with NorgesGruppen's technology strategy of agility and innovation. Craig Summers, managing director, UK, Ireland, and Nordics, expressed confidence in the solution's ability to meet the needs of NorgesGruppen's customers now and in the future.
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Manhattan Associates reports a 37% increase in RPO bookings compared to the prior year, leading to a raise in their 2023 full-year guidance. The company's Q3 2023 revenue was $238.4 million, with GAAP diluted earnings per share of $0.79. Non-GAAP adjusted diluted earnings per share for Q3 2023 was $1.05. The company's business fundamentals are strong, and they are optimistic about expanding market opportunities.
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Retailers struggle with accurate inventory data, impacting sales and profitability
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Manhattan Associates Inc. will release its Q3 2023 financial results on October 24, 2023, after the stock market closes. A conference call will also be held on the same day at 4:30 p.m. Eastern time. A live webcast and replay will be available through the Investor Relations section of the company's website.
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Duluth Trading Company implements Manhattan Active Warehouse Management at new distribution center, investing $53 million. Expects enhanced efficiency, increased order volumes, and reduced turnaround times. Aims to achieve $1 billion in sales by 2025.
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Manhattan Associates enhances Returns Management capabilities to improve customer experience and profitability
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Manhattan Associates named 'Google Cloud Industry Solution Technology Partner of the Year' in Retail & CPG category, recognized for innovative thinking and best-in-class use of Google Cloud. Manhattan Active Suite runs on Google Cloud, providing increased scalability, security, and resiliency. Collaboration with Google Cloud on Unified Commerce Benchmark reveals insights for retailers to improve customer value and modernize operations.
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PacSun selects Manhattan Active Point of Sale to enhance omnichannel sales strategy and deliver a seamless customer shopping experience. Expanding its solution set, this gives associates a single, intuitive experience across all in-store functions. PacSun is well-positioned to continue its success as a leading fashion destination for Gen Z and Millennial shoppers.
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Manhattan Associates Inc. (NASDAQ: MANH) announced that Legacy Supply Chain has chosen Manhattan SCALE™ as the single platform for all company-managed warehouse management system (WMS) environments, aiming to improve warehouse performance, introduce efficiency gains, and streamline customer onboarding. This strategic move will elevate Legacy's supply chain execution capability and ability to increase market share, particularly in the growing ecommerce fulfillment business.
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FAQ
What is the current stock price of Manhattan Associates (MANH)?
The current stock price of Manhattan Associates (MANH) is $284.96 as of January 23, 2025.
What is the market cap of Manhattan Associates (MANH)?
The market cap of Manhattan Associates (MANH) is approximately 17.1B.
What does Manhattan Associates Inc. do?
Manhattan Associates provides software solutions to manage supply chains, inventory, and omnichannel operations for retailers, wholesalers, manufacturers, and logistics providers.
When was Manhattan Associates founded?
Manhattan Associates was founded in 1990.
Who are Manhattan Associates' customers?
The company's customers include retailers, wholesalers, manufacturers, and logistics providers.
What is the recent partnership of Manhattan Associates?
Manhattan Associates recently partnered with TeamViewer to integrate vision picking technology with its MAWM platform.
What is vision picking?
Vision picking is an augmented reality technology that provides visual information to warehouse operators, improving accuracy and efficiency in order picking and inventory management.
What technologies does Manhattan Associates invest in?
Manhattan Associates invests in AI, machine learning, cloud-native design, microservices architecture, and robotics.
How many customers does Manhattan Associates serve?
Manhattan Associates serves over 1,200 customers worldwide.
Is Manhattan Associates financially stable?
Yes, Manhattan Associates has remained debt-free since its founding in 1990.
What is Manhattan Active Warehouse Management (MAWM)?
MAWM is Manhattan Associates' flagship cloud-based platform for enhancing warehouse management operations.
How many associates does Manhattan Associates employ?
Manhattan Associates employs over 4,000 associates globally.
Manhattan Associates Inc
Nasdaq:MANH
MANH Rankings
MANH Stock Data
17.10B
60.35M
1.19%
102.08%
2.97%
Software - Application
Services-prepackaged Software
United States of America
ATLANTA