Business
Manhattan Associates Reports Record Fourth Quarter and Full Year 2019 Revenue
ATLANTA, Feb. 04, 2020 (GLOBE NEWSWIRE) -- Leading Supply Chain and Omnichannel Commerce Solutions provider Manhattan Associates Inc. (NASDAQ: MANH) today
About this update from Manhattan Associates, Inc.
[{"type":"text","content":"ATLANTA, Feb. 04, 2020 (GLOBE NEWSWIRE) -- Leading Supply Chain and Omnichannel Commerce Solutions provider Manhattan Associates Inc. (NASDAQ: MANH) today reported record total revenue of $152.9 million for the fourth quarter ended December 31, 2019, applying the new revenue recognition standard retrospectively. GAAP diluted earnings per share for Q4 2019 was $0.26 compared to $0.40 in Q4 2018. Non-GAAP adjusted diluted earnings per share for Q4 2019 was $0.40 compared to $0.46 in Q4 2018.\n “Q4 was another strong quarter for Manhattan Associates, wrapping up a record revenue year and positioning us well for 2020 and beyond,” said Manhattan Associates president and CEO Eddie Capel. “The performance of our market-leading innovation and suite of Manhattan Active® omnichannel, inventory and supply chain solutions during a record setting 2019 peak season was a great success with overwhelmingly positive feedback from our customers, giving us further confidence as we progress in our Cloud transition. Importantly, global demand for our Cloud solutions continues to grow from new and existing customers.” “We remain bullish on the market opportunity that lies ahead, despite continued global macro volatility, as demand for innovative solutions in the retail and supply chain markets has never been greater. Our focus continues to be on enabling our customers to Push Possible®, while positioning the business for long-term, sustainable growth,” added Mr. Capel. FOURTH QUARTER 2019 FINANCIAL SUMMARY: Consolidated total revenue was $152.9 million in Q4 2019, compared to $144.4 million in Q4 2018. Cloud subscription revenue was $15.7 million in Q4 2019, compared to $6.8 million in Q4 2018.License revenue was $9.2 million in Q4 2019, compared to $13.3 million in Q4 2018.Service revenue was $86.3 million in Q4 2019, compared to $84.5 million in Q4 2018. GAAP diluted earnings per share was $0.26 in Q4 2019 compared to $0.40 in Q4 2018.Adjusted diluted earnings per share, a non-GAAP measure, was $0.40 in Q4 2019, compared to $0.46 in Q4 2018.GAAP operating income was $25.1 million in Q4 2019, compared to $34.3 million in Q4 2018.Adjusted operating income, a non-GAAP measure, was $33.4 million in Q4 2019, compared to $39.7 million in Q4 2018.Cash flow from operations was $34.6 million for Q4 2019, compared to $34.0 million for Q4 2018. Days Sales Outs...