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Manhattan: Senior Director, Corporate Marketing Manhattan Associates, Inc. Manhattan Associates, Inc.

The following excerpt is from the company's SEC filing.

770-955-7070

678-597-6528

dstory@manh.com

bmcdonald@manh.com

Manhattan Associates Reports Record First Quarter 2016 Performance

Company raises full-year revenue and EPS guidance

Leading Supply Chain Commerce Solutions provider Manhattan Associates, Inc. (NASDAQ: MANH) today reported record non-GAAP adjusted diluted earnings per share for the first quarter ended March 31, 2016, of

$0.42 compared to $0.34 in Q1 2015,

on license revenue of $20.6 million and record total revenue of $149.9 million. GAAP diluted earnings per shar e for Q1 2016 was a record

$0.38

$0.31

in Q1 2015.

We’re very pleased with our start to 2016. In this first quarter, we posted record financial results and our competitive win rates remain strong as our associates continue to execute very well serving our customers,”

said Eddie Capel, Manhattan Associates President and CEO. “Our investments in omni-channel, retail store and distribution management solutions continue to drive growth and extend our market leadership position in a subdued world economy.

We believe we are well positioned for a solid year in 2016 and beyond.”

FIRST QUARTER 2016 FINANCIAL SUMMARY:

Adjusted diluted earnings per share, a non-GAAP measure, was $0.42

in Q1 2016, compared to $0.34

GAAP diluted earnings per share was $0.38

in Q1 2016, compared to $0.31

Consolidated total revenue was $149.9 million in Q1 2016, compared to $133.5 million in Q1 2015. License revenue was $20.6 million in Q1 2016, compared to $19.3

Adjusted operating income, a non-GAAP measure, was $47.9

red to $40.0 million in Q1 2015.

GAAP operating income

Cash flow from operations was $40.4 million in Q1 2016, compared to $15.2 million in Q1 2015. Days Sales Outstanding was 51 days at March 31, 2016, compared to 63 days at December 31, 2015.

Cash and investments totaled $114.7 million at March 31, 2016, compared to $128.8 million at December 31, 2015.

During the three months ended March 31, 2016, the Company repurchased 892,283 shares of Manhattan Associates common stock under the share repurchase program authorized by the Board of Directors, for a total investment of $48.5 million. In April 2016, 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.

SALES ACHIEVEMENTS:

Recognized license revenue of $1.0 million or more on three new contracts during Q1 2016.

Completed software license wins with new customers such as: aCommerce, Amrod, Bedrosians Tile & Stone, Central Garden & Pet Company, Levi Strauss & Co, Tokyo Chemical Industry, and Van Marcke Group.

Expanded relationships with existing customers such as: Ascena Retail Group, Batory Foods, Carhartt, Country Road Group, Express, Fashion Biz, Floor and Decor Outlets of America, Genesco, Hy-Vee, Itochu Logistics, J. Knipper and Company, lululemon athletica, Mercury Marine, Michael Kors Europe, Mothercare, Norix Group, Pitt-Ohio, REI, Samson, Santens, Sketchers USA, The Hillman Group, Under Armour, VF Services, Wineworks, and Winning Appliances.

2016 GUIDANCE

Manhattan Associates provides the following revenue and diluted earnings per share guidance for the full year 2016:

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. 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 June 15, 2016, 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 2016 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, 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 July 2016.

CONFERENCE CALL

The Company’s conference call regarding its first quarter financial results will be held today, April 19, 2016, at 4:30 p.m. Eastern Daylight Time. Investors are invited to listen to a live...


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