Transportation Management Systems Status Retained

Manhattan Associates Inc., a supplier of supply chain commerce solutions, announced that it has been named a Leader in the Gartner Magic Quadrant for Transportation Management Systems for the seventh consecutive year.

With the growing complexity of supply chains, it has become critical for enterprises to better orchestrate transportation and distribution processes with a unified supply chain execution solution. Manhattan’s cloud-native technology, microservices-based architecture and unified platform provide supply chain and logistics professionals with a distinctive and advanced technology architecture that stands apart from legacy, portfolio offerings in the market. By doing away with silos, it delivers real-time visibility into shipments, offers predictive analytics for better decision-making, delivers the ability to automate manual processes and ultimately eliminates inefficiencies, which is a definite game-changer for companies operating in complex and demanding environments.

“We are delighted to be recognized by Gartner as a Leader in TMS,” said Bryant Smith, director of Product Management for Manhattan Associates. “This ongoing leadership reflects our commitment to continuous innovation, customer success, and excellence in supply chain execution. We deliver speed and value across various transportation functions and leverage advanced intelligence to solve the largest and most complex transportation challenges.”

Latest additions to the cloud-native Manhattan Active TM include GenAI capabilities to the platform, and unification of Manhattan Active Yard Management with TMS. It can already be combined with Manhattan Active Warehouse Management, and Labour Management providing companies with a complete, simplified, and unified supply chain execution system that continuously adapts and scales to business needs, and provides a single, comprehensive view of the distribution network, unlocking optimization opportunities that are impossible with traditional siloed offerings.

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Manhattan Associates Named a Gartner Magic Quadrant Leader

 

Supply Chain Resilience with Foundational Technical Review

Logistics Reply, the Reply Group company specializing in innovative supply chain solutions, is pleased to announce that LEA Reply™, its modular and cloud-native platform for supply chain execution, has successfully completed the AWS Foundational Technical Review (FTR). Reinforcing its alignment with Amazon Web Services (AWS) best practices; LEA Reply™ aims to deliver on its commitment to providing secure, scalable, and forward-thinking solutions tailored to the evolving needs of the logistics and supply chain sectors.

The AWS Foundational Technical Review, based on the AWS Well-Architected Framework, reflects a comprehensive review of LEA Reply’s architecture. By meeting AWS’s stringent standards in security, reliability, performance, and operational excellence, Logistics Reply ensures that its platform is built to help customers tackle the complex challenges of modern supply chains. This validation also highlights the platform’s ability to integrate AWS’s capabilities to empower businesses with cutting-edge tools for scalability, data protection, and efficiency.

“The AWS Foundational Technical Review certification is a testament to our commitment to innovation, security, and reliability. said Enrico Nebuloni, Executive Partner at Reply. In a time when cybersecurity is a critical concern, this recognition reassures our customers that LEA Reply™ meets the highest standards of security, scalability, and operational resilience. By leveraging AWS infrastructure and adhering to its best practices, we provide a robust, cloud-native platform designed to handle the complexities of modern supply chains. This milestone strengthens our position as a trusted partner, enabling businesses to mitigate risks, enhance performance, and ensure business continuity with confidence.”

The AWS FTR Validation underscores LEA Reply’s capacity to address core challenges faced by supply chain professionals today:

Resilience: Enhanced security measures protect critical operations and data.
Agility: Scalable solutions that adapt to business growth and market shifts.
Efficiency: Optimized performance through adherence to proven architectural frameworks.
Cost-Effectiveness: Smart cloud resource management ensures value for investment.

By embedding AWS best practices into its DNA, Logistics Reply continues to deliver innovation that empowers supply chain leaders to navigate disruption, seize opportunities, and maintain a competitive edge.

Manhattan Associates Reports Record Results

Leading Supply Chain and Omnichannel Commerce Solutions provider Manhattan Associates Inc. (NASDAQ: MANH) today reported revenue of $238.3 million for the fourth quarter ended December 31, 2023. GAAP diluted earnings per share for Q4 2023 was $0.78 compared to $0.60 in Q4 2022. Non-GAAP adjusted diluted earnings per share for Q4 2023 was $1.03 compared to $0.81 in Q4 2022.

“Manhattan’s business fundamentals and momentum are strong. Our fourth quarter results exceeded expectations, capping a very successful year for our company,” said Manhattan Associates president and CEO Eddie Capel.

“While appropriately cautious regarding the global economy, Manhattan enters 2024 from a position of strength, and we are optimistic about our growing market opportunity. We remain firmly committed to helping our customers succeed by delivering leading innovation across supply chain execution, omnichannel and retail point of sale markets,” Mr. Capel concluded.

FOURTH QUARTER 2023 FINANCIAL SUMMARY:

• Consolidated total revenue was $238.3 million for Q4 2023, compared to $198.1 million for Q4 2022.
• Cloud subscription revenue was $71.4 million for Q4 2023, compared to $51.7 million for Q4 2022.
• License revenue was $5.2 million for Q4 2023, compared to $5.0 million for Q4 2022.
• Services revenue was $119.1 million for Q4 2023, compared to $99.8 million for Q4 2022.
• GAAP diluted earnings per share was $0.78 for Q4 2023, compared to $0.60 for Q4 2022.
• Adjusted diluted earnings per share, a non-GAAP measure, was $1.03 for Q4 2023, compared to $0.81 for Q4 2022.
• GAAP operating income was $58.9 million for Q4 2023, compared to $44.7 million for Q4 2022.
• Adjusted operating income, a non-GAAP measure, was $76.8 million for Q4 2023, compared to $59.9 million for Q4 2022.
• Cash flow from operations was $88.4 million for Q4 2023, compared to $55.2 million for Q4 2022. Days Sales Outstanding was 70 days at December 31, 2023, compared to 71 days at September 30, 2023.
• Cash totalled $270.7 million at December 31, 2023, compared to $182.3 million at September 30, 2023.
• During the three months ended December 31, 2023, the Company did not repurchase shares of Manhattan Associates common stock under the share repurchase program authorized by our Board of Directors. Our $75.0 million repurchase authority replenished by our Board of Directors in October 2023 remains in effect.

FULL YEAR 2023 FINANCIAL SUMMARY:

• Consolidated total revenue for the twelve months ended December 31, 2023, was $928.7 million, compared to $767.1 million for the twelve months ended December 31, 2022.
• Cloud subscription revenue was $254.6 million for the twelve months ended December 31, 2023, compared to $176.5 million for the twelve months ended December 31, 2022.
• License revenue was $18.2 million for the twelve months ended December 31, 2023, compared to $24.8 million for the twelve months ended December 31, 2022.
• Services revenue was $487.9 million for the twelve months ended December 31, 2023, compared to $394.1 million for the twelve months ended December 31, 2022.
• GAAP diluted earnings per share for the twelve months ended December 31, 2023, was $2.82, compared to $2.03 for the twelve months ended December 31, 2022.
• Adjusted diluted earnings per share, a non-GAAP measure, was $3.74 for the twelve months ended December 31, 2023, compared to $2.76 for the twelve months ended December 31, 2022.
• GAAP operating income was $209.9 million for the twelve months ended December 31, 2023, compared to $152.7 million for the twelve months ended December 31, 2022.
• Adjusted operating income, a non-GAAP measure, was $281.5 million for the twelve months ended December 31, 2023, compared to $212.1 million for the twelve months ended December 31, 2022.
• Cash flow from operations was $246.2 million for the twelve months ended December 31, 2023, compared to $179.6 million for the twelve months ended December 31, 2022.
• During the twelve months ended December 31, 2023, the Company repurchased 1,024,328 shares of Manhattan Associates common stock under the share repurchase program authorized by our Board of Directors, for a total investment of $166.0 million.

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