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Manhattan Associates posts ‘strong’ Q2

ATLANTA — Leading supply chain commerce solutions provider Manhattan Associates reported total revenue of $102.5 million in the second quarter of 2013, compared to $93.6 million in the second quarter of 2012. 

License revenue was $16.1 million in the second quarter of 2013, compared to $15.3 million in the second quarter of 2012. 

The company had record second quarter 2013 diluted earnings per share of $0.96 — adjusted to exclude the impact of acquisition-related costs and equity-based compensation all net of income tax effects — compared to $0.76 in the second quarter of 2012, on license revenue of $16.1 million and record second quarter total revenue of $102.5 million. 

"We are very pleased to post another strong quarter of financial results and operating metrics, and while it remains somewhat difficult to predict the effect of the tepid global economy, we are optimistic about our outlook for the balance of 2013 and beyond," said Eddie Capel, Manhattan Associates president and CEO. "Our competitive win rates remain strong and we continue to invest in our supply chain commerce vision, leveraging our common technology platform to help industry leaders get closer to their customers and adapt in the new omnichannel world. We are also quite pleased with demand for our omnichannel solutions and continue to deliver innovative solutions to extend our market leadership."

The company reported adjusted diluted earnings per share of $1.70 for the six months ended June 30, 2013, compared to $1.36 for the six months ended June 30, 2012. Diluted earnings per share for the six months ended June 30, 2013 was $1.57, compared to $1.25 for the six months ended June 30, 2012. 

Consolidated revenue for the six months ended June 30, 2013 was $199.1 million, compared to $185 million for the six months ended June 30, 2012. License revenue was $30.4 million for the six months ended June 30, 2013, compared to $30.9 million for the six months ended June 30, 2012. 

The company signed four contracts of $1 million or more in recognized license revenue during the second quarter of 2013, resulting in a total of seven contracts of $1 million or more in recognized license revenue for the six months ended June 30. 

It completed software license agreements with new customers, including ERAM, Lilly Pulitzer, MSC Industrial Direct, PriceSmart, Queensland Health and Team Hardinger. Additionally, it expanded relationships with existing customers, including Alliant Techsystems, American Eagle Outfitters, Bed Bath & Beyond, Belk, B & R Enclosures, Cabela's, Celadon, COI DE Tampico, Cotton On Group, DHL Supply Chain, Exel, Fasteners for Retail, Guess, Holiday Classic, Legacy Supply Chain, Logix FZCO, Michael Kors, May's Zona Libra, Northern Safety, Panalpina, Pearson Education, Pro Silver, PUMA, Shanghai Pharmaceutical, the Harvard Drug Group, the Jones Group, Tory Burch and United Distributors.

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