Manhattan Associates (NASDAQ: MANH), leverancier van supply chain commerce oplossingen, heeft de financiële resultaten van het tweede kwartaal van 2015 bekendgemaakt. De non-GAAP winst per aandeel in het eerste kwartaal, dat 30 juni 2015 eindigde, bedroeg $0,37 tegenover $0,29 in hetzelfde kwartaal in 2014. De omzet voortvloeiend uit de exploitaties van licenties bedroeg $19,8 miljoen en de totaalomzet bedroeg $139,1 miljoen. Op basis van de GAAP-maatstaven bedroeg de winst per aandeel in het tweede kwartaal van 2015 $0,35 tegenover $0,27 in hetzelfde kwartaal in 2014.
Het volledige, Engelstalige persbericht is hieronder terug te vinden:
Manhattan Associates Reports Record Second Quarter 2015 Performance
~ Company raises full-year revenue and EPS guidance ~
ATLANTA – Leading Supply Chain Commerce Solutions provider Manhattan Associates, Inc. (NASDAQ: MANH) today reported record non-GAAP adjusted diluted earnings per share for the second quarter ended June 30, 2015 of $0.37 compared to $0.29 in Q2 2014, on license revenue of $19.8 million and record total revenue of $139.1 million. GAAP diluted earnings per share for Q2 2015 was a record $0.35 compared to $0.27 in Q2 2014.
“We are very pleased with our financial performance in Q2 and the first half of 2015. We continue to execute well serving our customers and investing in commerce enablement from supply chain to point of sale,” said Eddie Capel, Manhattan Associates president and CEO. “Demand for our omni-channel, store and distribution management solutions is strong as we continue to lead with product innovation to enhance our market leadership position throughout 2015 and beyond.”
SECOND QUARTER 2015 FINANCIAL SUMMARY:
- Adjusted diluted earnings per share, a non-GAAP measure, was $0.37 in Q2 2015, compared to $0.29 in Q2 2014.
- GAAP diluted earnings per share was $0.35 in Q2 2015, compared to $0.27 in Q2 2014.
- Consolidated total revenue was $139.1 million in Q2 2015, compared to $122.5 million in Q2 2014. License revenue was $19.8 million in Q2 2015, compared to $18.0 million in Q2 2014.
- Adjusted operating income, a non-GAAP measure, was $44.1 million in Q2 2015, compared to $34.9 million in Q2 2014.
- GAAP operating income was $41.4 million in Q2 2015, compared to $32.5 million in Q2 2014.
- Cash flow from operations was $27.5 million in Q2 2015, compared to $1.9 million in Q2 2014. Days Sales Outstanding was 54 days at June 30, 2015, compared to 56 days at March 31, 2015.
- Cash and investments was $108.4 million at June 30, 2015, compared to $107.2 million at March 31, 2015.
- During the three months ended June 30, 2015, the Company repurchased 458,397 shares of Manhattan Associates common stock under the share repurchase program authorized by the Board of Directors, for a total investment of $25.2 million.
In July 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.
SIX MONTH 2015 FINANCIAL SUMMARY:
- Adjusted diluted earnings per share, a non-GAAP measure, was $0.71 for the six months ended June 30, 2015, compared to $0.55 for the six months ended June 30, 2014.
- GAAP diluted earnings per share for the six months ended June 30, 2015 was $0.66, compared to $0.51 for the six months ended June 30, 2014.
- Consolidated revenue for the six months ended June 30, 2015 was $272.6 million, compared to $236.1 million for the six months ended June 30, 2014. License revenue was $39.1 million for the six months ended June 30, 2015, compared to $35.1 million for the six months ended June 30, 2014.
- Adjusted operating income, a non-GAAP measure, was $84.2 million for the six months ended June 30, 2015, compared to $67.2 million for the six months ended June 30, 2014.
- GAAP operating income was $78.2 million for the six months ended June 30, 2015, compared to $62.6 million for the six months ended June 30, 2014.
- Cash flow from operations was $42.7 million in the six months ended June 30, 2015, compared to $21.0 million in the six months ended June 30, 2014.
- During the six months ended June 30, 2015, the Company repurchased 982,060 shares of Manhattan Associates common stock under the share repurchase program authorized by the Board of Directors, for a total investment of $51.5 million.
SALES ACHIEVEMENTS:
- Recognized license revenue on four contracts of $1.0 million or more during Q2 2015.
- Completed software license wins with new customers such as: Banaja Holdings, Costa Del Mar, Gold City Footwear, Grupo Exito, Hy-Vee, IEH (Auto Parts Plus), M&D Wholesale Distributors, M Block and Sons, Order Nordic, PT Lion Super Indo, Stew Leonard’s Holdings, Tarsus Technology Group, Thirty One Gifts.
- Expanded relationships with existing customers such as: Amplifier, Arcadia Group, Avery Dennison, Belk, Best Buy, Cdiscount, Cheney Brothers, Eileen Fisher, Exel, Five Below, Forever Direct, Groupe Dynamite, Guthy-Renker, Kane Warehousing, L Brands, Legacy Supply Chain Services, Maggy London International, Northern Safety, PVH Corp, Rite Aid, SamsonOpt, Schneider Electric, Speed Global Services, STD Petrovich, Thomas Cook Airlines, Toys “R” Us, Wolverine Worldwide.
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 September 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 October 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 six months ended June 30, 2015.
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, 2014. 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.