Manhattan Associates maakt financiële resultaten van vierde kwartaal en boekjaar 2014 bekend

Manhattan Associates (NASDAQ: MANH), leverancier van supply chain commerce oplossingen, heeft de financiële resultaten van 2014 bekendgemaakt. De non-GAAP winst per aandeel in het vierde kwartaal, dat 31 december 2014 eindigde, bedroeg $0,30 tegenover $0,24 in hetzelfde kwartaal in 2013. De omzet voortvloeiend uit de exploitaties van licenties bedroeg  $19,5 miljoen en de totaalomzet bedroeg $130,4 miljoen. Op basis van de GAAP-maatstaven bedroeg de winst per aandeel in het vierde kwartaal van 2014 $0,27 tegenover $0,22 in hetzelfde kwartaal in 2013.

Het volledige, Engelstalige bericht is hieronder terug te vinden:

Manhattan Associates Reports Record Fourth Quarter and Full Year 2014 Performance

ATLANTA – Leading Supply Chain Commerce Solutions provider Manhattan Associates, Inc. (NASDAQ: MANH) today reported record non-GAAP adjusted diluted earnings per share for the fourth quarter ended December 31, 2014 of $0.30 compared to $0.24 in Q4 2013, on license revenue of $19.5 million and record total revenue of $130.4 million. GAAP diluted earnings per share for Q4 2014 was a record $0.27 compared to $0.22 in Q4 2013.

“We’re very pleased with our 2014 fourth quarter and full year financial results, which marks our third consecutive year of record revenue and earnings per share performance.  With strong execution and customer focus by our Manhattan global team in 2014, we were able to improve our competitive position and continue to successfully expand beyond our core business into the retail store,” said Manhattan Associates President and CEO, Eddie Capel. “We continue to make substantial investments in our people, products and technology to enable the growth of our core business and deliver commerce solutions for the retail store that meet the demands of the emerging omni-channel market.  Despite the persistent global macro sluggishness, we’re optimistic about our 2015 growth potential and expect to extend our market leadership position and improve our financial results throughout 2015.”

FOURTH QUARTER 2014 FINANCIAL SUMMARY:

• Adjusted diluted earnings per share, a non-GAAP measure, was $0.30 in Q4 2014, compared to $0.24 in Q4 2013.
• GAAP diluted earnings per share was $0.27 in Q4 2014, compared to $0.22 in Q4 2013.
• Consolidated total revenue was $130.4 million in Q4 2014, compared to $107.6 million in Q4 2013. License revenue was $19.5 million in Q4 2014, compared to $17.3 million in Q4 2013.
• Adjusted operating income, a non-GAAP measure, was $31.9 million in Q4 2014, compared to $26.7 million in Q4 2013.
• GAAP operating income was $29.1 million in Q4 2014, compared to $24.7 million in Q4 2013.
• Cash flow from operations was $40.4 million in Q4 2014, compared to $23.0 million in Q4 2013. Days Sales Outstanding was 61 days at December 31, 2014, compared to 64 days at September 30, 2014.
• Cash and investments at December 31, 2014 was $124.4 million, compared to $111.5 million at September 30, 2014 and $133.0 million at December 31, 2013.
• During the three months ended December 31, 2014, the Company repurchased 639,648 shares of Manhattan Associates common stock under the share repurchase program authorized by the Board of Directors, for a total investment of $25.4 million. In January 2015, the Board of Directors approved raising the Company’s share repurchase authority to an aggregate of $50.0 million of the Company’s outstanding common stock.

FULL YEAR 2014 FINANCIAL SUMMARY: 

• Adjusted diluted earnings per share, a non-GAAP measure, was a record $1.16 for the twelve months ended December 31, 2014, compared to $0.92 for the twelve months ended December 31, 2013.
• GAAP diluted earnings per share for the twelve months ended December 31, 2014 was a record $1.08, compared to $0.86 for the twelve months ended December 31, 2013.
• Consolidated revenue for the twelve months ended December 31, 2014 was a record $492.1 million, compared to $414.5 million for the twelve months ended December 31, 2013. License revenue was $71.6 million for the twelve months ended December 31, 2014, compared to $62.4 million for the twelve months ended December 31, 2013.
• Adjusted operating income, a non-GAAP measure, was $137.0 million for the twelve months ended December 31, 2014, compared to $108.6 million for the twelve months ended December 31, 2013.
• GAAP operating income was $127.1 million for the twelve months ended December 31, 2014, compared to $101.3 million for the twelve months ended December 31, 2013.
• Cash flow from operations was $94.2 million in the twelve months ended December 31, 2014, compared to $89.4 million in the twelve months ended December 31, 2013.
• During the twelve months ended December 31, 2014, the Company repurchased 2,620,118 shares of Manhattan Associates common stock for a total investment of $91.1 million.

SALES ACHIEVEMENTS:

• Four contracts of $1.0 million or more in recognized license revenue during the fourth quarter of 2014.
• Completing software license wins with new customers such as: BNS Group, Fedway Associates, Gwynnie Bee, Lakmin, Shenzhen PurCotton Technology, STD Petrovich, and Vinidex.
• Expanding relationships with existing customers such as: Alliance Healthcare, Amscan, Asics America, Automotive Holdings Group, Bakkavor, Blue Star Operations Services, DCG Fulfillment, eStore Logistics, Exel, Forever Direct, GENCO, Harvard Drug, Innotrac, Jasco Products Company, Kane Warehousing, Kuehne + Nagel, LeSaint Logistics, LifeShield, Northern Safety Company, O’Key, PT Multitrend Indo, Redmart, Southern Wine & Spirits of America, Speed Commerce Corp., Stella & Dot, Strategic Partners, Sturm Foods, Team Hardinger Transportation and Warehousing, The Children’s Place, TNT Logistics, Tractor Supply, Ulta, Vasanta Group, Wilton Brands, Wineworks, and Winning Group.

2015 GUIDANCE
Manhattan Associates currently intends to publish, in each quarterly earnings release, certain expectations with respect to future financial performance. Those statements, including the guidance provided above, are forward-looking. Actual results may differ materially, especially in the current uncertain economic environment. Those statements, including the guidance provided above, do not reflect the potential impact of mergers, acquisitions or other business combinations that may be completed after the date of the release.

Manhattan Associates will make its earnings release and published expectations available on its website (www.manh.com). Beginning the close of business on March 15, 2015, Manhattan Associates will observe a “Quiet Period” during which Manhattan Associates and its representatives will not comment concerning previously published financial expectations. Prior to the start of the Quiet Period, the public can continue to rely on the expectations published in this 2015 Guidance section as being Manhattan Associates’ current expectation on matters covered, unless Manhattan Associates publishes a notice stating otherwise. During the Quiet Period, previously published expectations should be considered historical only, speaking only as of or prior to the Quiet Period, and Manhattan Associates disclaims any obligation to update any previously published financial expectations during the Quiet Period. The Quiet Period will extend until publication of Manhattan Associates’ next quarterly earnings release, currently scheduled for the third full week of April 2015.

GAAP VERSUS NON-GAAP PRESENTATION
The Company provides adjusted operating income, adjusted net income and adjusted diluted earnings per share in this press release as additional information regarding the Company’s operating results. These measures are not in accordance with – or an alternative to – GAAP, and may be different from non-GAAP operating income, non-GAAP net income and non-GAAP earnings per share measures used by other companies. The Company believes that the presentation of these non-GAAP financial measures facilitates investors’ ability to understand and compare the Company’s results and guidance, because the measures provide important supplemental information in evaluating the operating results of its business, as distinct from results that include items that are not indicative of ongoing operating results, and because the Company’s competitors and peers typically publish similar non-GAAP measures. This release should be read in conjunction with the Company’s Form 8-K earnings release filing for the quarter and year ended December 31, 2014.

Non-GAAP adjusted operating income, adjusted net income and adjusted diluted earnings per share exclude the impact of equity-based compensation and acquisition-related costs and the amortization thereof – all net of income tax effects. Reconciliations of the Company’s GAAP financial measures to non-GAAP adjustments are included in the supplemental information attached to this release.

This press release contains “forward-looking statements” relating to Manhattan Associates, Inc.  Forward-looking statements in this press release include the information set forth under “2015 Guidance.” Prospective investors are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, and that actual results may differ materially from those contemplated by such forward-looking statements. Among the important factors that could cause actual results to differ materially from those indicated by such forward-looking statements are: uncertainty about the global economy, delays in product development, competitive pressures, software errors, information security breaches and the additional risk factors set forth in Item 1A of the Company’s Annual Report on Form 10-K for the year ended December 31, 2013. Manhattan Associates undertakes no obligation to update or revise forward-looking statements to reflect changed assumptions, the occurrence of unanticipated events or changes in future operating results.

Over Manhattan Associates
Manhattan Associates maakt supply chains ‘commerce-ready’. Alle verkooppunten worden samengebracht zodat u ‘ready to sell’ en ‘ready to execute’ bent. Of het nu uw winkel, uw netwerk of uw fulfilmentcenter betreft, wij ontwerpen, bouwen en leveren toonaangevende oplossingen die zowel aan uw groei als aan uw winstgevendheid bijdragen. Door sales aan de voorkant naadloos te verbinden met supply chain efficiëntie aan de achterkant, zorgen onze software, platformtechnologie en ervaring ervoor dat onze klanten commerce-ready zijn – zodat zij klaar zijn om de vruchten te plukken van de omnichannelmarkt.
Meer informatie vindt u op: www.manh.nl.