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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 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.
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.
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.
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