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by Chris Chiappinelli, MA Editorial Staff
Posted on Wednesday, October 25, 2006 4:09:00 PM Sign Up to receive Daily News Alerts in your E-mail Inbox    | Abstract: | Manhattan Associates grows revenue and profit in third quarter, ups guidance for full-year adjusted EPS. |
| Keywords: | Manhattan Associates, third quarter, supply chain execution, revenue, net income, warehouse management system, WMS, Sinisgalli |
Paced by strong domestic demand for its supply chain execution software and services, Manhattan Associates reported total revenue of $72.3 million in its recently closed third quarter, a 16% year-over-year improvement. License revenue for the company was a record $15.2 million in the quarter closed September 30, a 21% spike from the comparable period last year. Services revenue -- the company's bread and butter -- also posted record performance, surging 17% to $51 million. Of that total, $41.3 million derived from the Americas region, a 21% increase over the like period last year. International services revenues totaled $9.7 million, up 3% year over year. Net income in the third quarter came in at $5.2 million, slightly better than the $4.9 million reported in the comparable period last year. Diluted earnings per share rose from 17 cents a year ago to 19 cents in the most recent quarter. The company's balance sheet has benefited from its recent solid performances. As of the end of the third quarter, said CFO Dennis Story on a conference call to announce the results, Manhattan Associates' cash and investments totaled $117.6 million, a sizable upgrade from the $93.7 million logged at the end of 2005. [Click to continue] |
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