ATLANTA, Ga., July 24, 2018 (GLOBE NEWSWIRE) — Arch Accumulation Alternation and Omnichannel Business Solutions provider Manhattan Associates Inc. (NASDAQ:MANH) today appear GAAP adulterated balance per allotment for the added division concluded June 30, 2018, of $0.42 compared to $0.45 in Q2 2017, on authorization acquirement of $13.0 million, billow subscriptions acquirement of $5.4 actor and absolute acquirement of $141.9 million. Non-GAAP adapted adulterated balance per allotment for Q2 2018 was $0.47 compared to $0.50 in Q2 2017.
“Q2 was addition acceptable division for our aggregation with the basal business fundamentals strengthening,” said Manhattan Associates admiral and CEO Eddie Capel. “Q2 absolute acquirement and balance per allotment achievement bigger over Q1 and were hardly advanced of our expectations. Based on our angle for the of the year, we are adopting our 2018 full-year advice for absolute acquirement and earnings.”
“While alert apropos all-around geopolitical and bread-and-er volatility, we abide to be absolute bullish on the bazaar befalling advanced and are advance cogent basic into transformative industry arch innovation. Our alteration to Billow continues as planned, and at our Momentum chump appointment in May, we apparent agitative artefact advancements, enabling our audience to Push Possible™ with their business accumulation chains,” added Mr. Capel.
SECOND QUARTER 2018 FINANCIAL SUMMARY:
SIX MONTH 2018 FINANCIAL SUMMARY:
NEW PRESENTATION OF CONSOLIDATED STATEMENTS OF INCOME
We accept reclassified assertive band items in above-mentioned aeon banking statements to accommodate to the accepted aeon presentation in the circumscribed statements of assets because of our business alteration to billow subscriptions. These reclassifications include: all acquirement band items; bulk of license; bulk of billow subscriptions, aliment and services; and bulk of hardware. These reclassifications did not affect absolute revenue, operating assets or net income. For added detail, amuse see agenda 7 in the added banking advice accompanying this columnist release.
Manhattan Associates provides the afterward adapted revenue, operating allowance and adulterated balance per allotment advice for the abounding year 2018:
Manhattan Associates currently intends to publish, in anniversary annual balance release, assertive expectations with account to approaching banking performance. Those statements, including the advice provided above, are advanced looking. Absolute after-effects may adapt materially. Those statements, including the advice provided above, do not reflect the abeyant appulse of mergers, acquisitions or added business combinations that may be completed afterwards the date of the release.
Manhattan Associates will accomplish its balance absolution and appear expectations accessible on its website (www.manh.com). Afterward advertisement of this balance release, any expectations with account to approaching banking achievement independent in this release, including the advice above, should be advised absolute only, and Manhattan Associates disclaims any obligation to amend them.
The Company’s appointment alarm apropos its added division banking after-effects will be captivated today, July 24, 2018, at 4:30 p.m. Eastern Time. We allure investors to a alive webcast of the appointment alarm through the Investor Relations area of Manhattan Associates’ website at www.manh.com. To accept to the alive webcast, amuse go to the website at atomic 15 account afore the alarm to download and install any all-important audio software.
Those who cannot accept to the alive advertisement may admission a epitomize anon afterwards the alarm by dialing 1.855.859.2056 in the U.S. and Canada, or 1.404.537.3406 alfresco the U.S., and entering the appointment identification cardinal 6059039 or via the web at www.manh.com. The buzz epitomize will be accessible for two weeks afterwards the call, and the Internet webcast will be accessible until Manhattan Associates’ third division 2018 balance release.
GAAP VERSUS NON-GAAP PRESENTATION
The Aggregation provides adapted operating assets and margin, adapted assets tax provision, adapted net income, adapted adulterated balance per share, adapted bulk of services, and adapted bulk of billow subscriptions, aliment and casework in this columnist absolution as added advice apropos the Company’s absolute and projected operating results. These measures are not in accordance with – or alternatives to – GAAP, and may be altered from ogously blue-blooded non-GAAP measures acclimated by added companies. The Aggregation believes the presentation of these non-GAAP banking measures facilitates investors’ adeptness to accept and yze the Company’s after-effects and guidance, because the measures accommodate added advice in evaluating the operating after-effects of its business, as audible from after-effects that accommodate items not apocalyptic of advancing operating results, and because the Aggregation believes its aeon about advertisement agnate non-GAAP measures. This absolution should be apprehend in affiliation with the Company’s Form 8-K balance absolution filing for the three and six months concluded June 30, 2018.
Non-GAAP adapted operating assets and margin, adapted assets tax provision, adapted net assets and adapted adulterated balance per allotment exclude the appulse of equity-based compensation, acquisition-related costs and the acquittal of these costs, and a restructuring allegation – all net of assets tax effects, and the appulse of the Tax Cuts and Jobs Act. Adapted bulk of casework and adapted bulk of billow subscriptions, aliment and casework exclude the appulse of equity-based compensation. We accommodate reconciliations of the Company’s GAAP banking measures to non-GAAP adjustments in the added advice absorbed to this release.
ABOUT MANHATTAN ASSOCIATES
Manhattan Associates is a technology baton in accumulation alternation and omnichannel commerce. We affiliate advice beyond the enterprise, advancing front-end sales with back-end accumulation alternation execution. Our software, belvedere technology and incomparable acquaintance advice drive both top-line advance and bottom-line advantage for our customers.
Manhattan Associates designs, builds and delivers arch bend billow and on-premise solutions so that beyond the store, through your arrangement or from your accomplishment center, you are accessible to acquire the rewards of the omnichannel marketplace. For added information, amuse appointment www.manh.com.
This columnist absolution contains “forward-looking statements” apropos to Manhattan Associates, Inc. Advanced statements in this columnist absolution include, after limitation, the advice set alternating beneath “2018 Guidance,” statements we accomplish about bazaar acceptance of our cloud-based band-aid and added statements articular by words such as “may,” “expect,” “forecast,” “anticipate,” “intend,” “plan,” “believe,” “could,” “seek,” “project,” “estimate,” and agnate expressions. Prospective investors are cautioned that any such advanced statements are not guarantees of approaching achievement and absorb risks and uncertainties, and that absolute after-effects may adapt materially from those advised by such advanced statements. Among the important factors that could account absolute after-effects to adapt materially from those adumbrated by such advanced statements are: ambiguity about the all-around economy, risks accompanying from transitioning our business from a acceptable abiding authorization software aggregation (generally hosted by our barter on their own bounds and equipment) to a subscription-based software-as-a service/cloud-based model, disruption in the retail sector, the accessible aftereffect of new U.S. tariffs on imports from added countries (and accessible acknowledging tariffs on U.S. exports by added countries) on all-embracing commerce, delays in artefact development, aggressive pressures, software errors, advice aegis breaches and the accident factors set alternating in Item 1A of the Company’s Annual Report on Form 10-K for the year concluded December 31, 2017. Manhattan Associates undertakes no obligation to amend or adapt advanced statements to reflect afflicted assumptions, the accident of hasty contest or changes in approaching operating results.
(a) Adapted after-effects exclude all equity-based compensation, to facilitate allegory with our aeon and for the added affidavit explained in our Accepted Report on Form 8-K filed with the SEC on the date hereof. Equity-based advantage is included in the afterward GAAP operating bulk curve for the three and six months concluded June 30, 2018 and 2017:
(b) Adjustments represent the balance tax allowances and tax deficiencies of the b awards vested during the period. Balance tax allowances (deficiencies) activity back the bulk deductible for an accolade of disinterestedness instruments on our tax acknowledgment is added (less) than the accumulative advantage bulk accustomed for banking advertisement purposes. As discussed above, we afar equity-based advantage from adapted non-GAAP after-effects to be constant with added companies in the software industry and for the added affidavit explained in our Accepted Report on Form 8-K filed with the SEC. Therefore, we additionally afar the accompanying tax account (expense) generated aloft their vesting.
(c) Adjustments represent purchased affluence acquittal from a above-mentioned acquisition. We exclude that acquittal from adapted after-effects to facilitate allegory with our peers, to facilitate comparisons of the after-effects of our bulk operations from aeon to aeon and for the added affidavit explained in our Accepted Report on Form 8-K filed with the SEC.
(d) In May 2017, we alone about 100 positions due to the headwinds in the retail area and to adjust our casework accommodation with demand. That activity did not blemish or adapt our cardinal advance affairs in addition and sales and business to access bazaar allotment and extend our aggressive advantage. As a aftereffect of that initiative, we recorded a allegation of about $3.0 actor in the added division of 2017. The allegation primarily consisted of abettor severance and abettor alteration and outplacement costs. We do not accept that the allegation was a bulk consistent from accustomed operating activities. Consequently, we afar that allegation from adapted non-GAAP results.
(e) In the fourth division of 2017, we recorded a conditional net ancient tax of $2.8 actor because of the achievement of the Tax Cuts and Jobs Act (the Act) in December 2017. We affected that bulk based on a reasonable appraisal of the assets tax effects, primarily from a tax on accumulated adopted balance and the remeasurement of deferred tax assets. We adapted our conditional appraisal by $0.3 actor during the six months concluded June 30, 2018.
MANHATTAN ASSOCIATES, INC.SUPPLEMENTAL INFORMATION
1. GAAP and Adapted balance per allotment by division are as follows:
2. Revenues and operating assets by reportable articulation are as follows (in thousands):
3. Appulse of Bill Fluctuation
The afterward table reflects the increases (decreases) in the after-effects of operations for anniversary aeon attributable to the change in adopted bill barter ante from the above-mentioned aeon as able-bodied as adopted bill assets (losses) included in added income, net for anniversary aeon (in thousands):
Manhattan Associates has a ample ysis and development centermost in Bangalore, India. The afterward table reflects the increases (decreases) in the banking after-effects for anniversary aeon attributable to changes in the Indian Rupee barter amount (in thousands):
4. Added assets includes the afterward apparatus (in thousands):
5. Basic expenditures are as follows (in thousands):
6. B Repurchase Activity (in thousands):
7. Because of our business alteration to Billow Subscriptions, we accept revised our presentations of acquirement and accompanying bulk band items in our circumscribed statements of income. We accept reclassified assertive band items in above-mentioned aeon banking statements to accommodate to the accepted aeon presentation in the circumscribed statements of income. These reclassifications include: all acquirement band items; bulk of license; bulk of billow subscriptions, aliment and services; and bulk of hardware. These reclassifications did not affect absolute revenues, operating assets or net income. The afterward table reflects the allegory amid the above and new presentation (in thousands):
8. We adopted the new acquirement acceptance standard, FASB ASC Topic 606, Acquirement from Affairs with Customers, in the aboriginal division of 2018. The new accepted provides accounting advice for all acquirement arising from affairs with barter and affects essentially all entities. We adopted the accepted application the adapted attendant acclimation with the accumulative aftereffect of initially adopting the accepted recorded as an acclimation to retained balance as of January 1, 2018. We recorded absolute accouterments sales above-mentioned to the acceptance of ASC606 on a gross basis, as we were the arch in the transaction in accordance with ASC 605-45. Beneath the new standard, we are an abettor in the transaction as we do not physically ascendancy the accouterments we sell. Accordingly, we admit our accouterments acquirement net of accompanying cost, which reduces both accouterments acquirement and bulk of sales as compared to our accounting above-mentioned to 2018. We admit and present our accouterments acquirement net of accompanying bulk beneath the new accepted prospectively. For allegory purposes only, had we implemented ASC 606 application the abounding attendant method, we would accept presented accouterments acquirement net of bulk in our 2017 annual banking after-effects below:
Seven Great Form 14 Due Date 14 Ideas That You Can Share With Your Friends | Form 14 Due Date 14 – form 1120 due date 2017
| Pleasant for you to my blog, on this time I will teach you concerning form 1120 due date 2017
. And today, this can be the 1st photograph: