Latest news with #EricClark
Yahoo
5 days ago
- Business
- Yahoo
Synovus accelerates growth in Atlanta with addition of new talent
COLUMBUS, Ga., June 05, 2025--(BUSINESS WIRE)--Synovus is accelerating its growth by adding new relationship managers in commercial and middle market banking and wealth services, reinforcing its commitment to delivering personalized, relationship-driven banking. The bank expects to increase its hiring of relationship managers by 20%-30% across target growth markets in the southeast over the next three years. "As we expand in high-opportunity markets throughout the southeast, we're investing in talented individuals who have a deep understanding of local economies and prioritize a client-centric approach with proactive financial guidance," said Synovus Chairman, CEO and President Kevin Blair. "Our relationship managers play a key role in building strong, lasting partnerships and making a meaningful impact in the communities we serve." Relationship managers bring extensive industry knowledge and proven expertise to help businesses and individuals navigate today's ever-changing economic landscape. Synovus is investing in top talent as it continues its transformative path to sustainable growth. Atlanta market additions: Eric Clark, commercial bankerClark has nearly 20 years of relationship management experience within the banking industry, working for various banks in the southeast. He joins Synovus from JP Morgan Chase. Will Clay, wholesale middle market relationship managerClay has extensive experience with clients in middle market banking from previous roles at Servis 1st Bank and BB&T. Robert Mann, commercial bankerMann brings 25 years of commercial banking experience as a sales and operations executive. A former tax commissioner in Gwinnett County, Georgia, Mann joins Synovus from Bank of America. The bank's focus on high-opportunity markets includes Atlanta, Georgia; Birmingham, Alabama; Charleston, Columbia, Greenville and Spartanburg, South Carolina; and Miami, Orlando and Tampa, Florida. Core relationship-based banking is fundamental to Synovus, and this growth strategy taps into the bank's existing networks to gain a stronger competitive edge in these markets. # # # Synovus Bank, a Georgia-chartered, FDIC-insured bank, provides commercial and consumer banking in addition to a full suite of specialized products and services, including wealth services, treasury management, mortgage services, premium finance, asset-based lending, structured lending, capital markets and international banking. Synovus has branches in Georgia, Alabama, Florida, South Carolina and Tennessee. Synovus is a Great Place to Work-Certified Company. Learn more about Synovus at Forward-Looking Statements This press release contains statements that constitute "forward-looking statements" within the meaning of, and subject to the protections of, Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. All statements other than statements of historical fact are forward-looking statements. You can identify these forward-looking statements through Synovus' use of words such as "believes," "anticipates," "expects," "may," "will," "assumes," "should," "predicts," "could," "would," "intends," "targets," "estimates," "projects," "plans," "potential" and other similar words and expressions of the future or otherwise regarding the outlook for Synovus' future business and financial performance and/or the performance of the banking industry and economy in general. These forward-looking statements are based upon information presently known to Synovus' management and are inherently subjective, uncertain and subject to change due to any number of risks and uncertainties, including, without limitation, the risks and other factors set forth in Synovus' filings with the Securities and Exchange Commission, including its Annual Report on Form 10-K for the year ended Dec. 31, 2024, under the captions "Cautionary Notice Regarding Forward-Looking Statements" and "Risk Factors" and in Synovus' quarterly reports on Form 10-Q and current reports on Form 8-K. We believe these forward-looking statements are reasonable; however, undue reliance should not be placed on any forward-looking statements, which are based on current expectations and speak only as of the date that they are made. We do not assume any obligation to update any forward-looking statements as a result of new information, future developments or otherwise, except as otherwise may be required by law. View source version on Contacts Audria BeltonMedia Relationsmedia@
Yahoo
20-05-2025
- Business
- Yahoo
Manhattan Associates rolls out new supply chain offerings at CEO's debut
LAS VEGAS – The annual meeting of software and technology service providers generally brings in hundreds if not thousands of customers and partners and gives companies an opportunity to roll out new capabilities. But at Manhattan Associates' (NASDAQ: MANH) Momentum conference here, it was also the debut of the supply chain software provider's new CEO, Eric Clark. Clark took over from legendary CEO Eddie Capell in February in a head-turning move that at first may have looked like an ouster but actually was just a quicker-than-usual transition. Clark is taking over a company whose stock has had some wild swings in the past year. It was trading Tuesday at about $190 per share; its 52-week high was $312.60 in December; it's up about 16.5% in the past month. Its 52-week low of $140.81 was recorded on April 7, a day when equity markets plummeted and the Nasdaq was down 5.8%.But for a meeting like Momentum, the focus is on the software and what new things it can do. And if it's a conference in 2025, that means a focus on AI. One of the two products announced at Momentum was for new offerings in agentic AI. While the focus at last year's Momentum conference was on generative AI through its Maven product, agentic AI derives its name from AI 'agents' that, the company said, are built into the Manhattan Active platform to 'autonomously perfect tasks, adapt to changing conditions and dynamically orchestrate workflows.' But the agentic AI offerings do not stop with the five products that Manhattan announced at Momentum: Intelligent Store Manager, Labor Optimizer Agent, Wave Inventory Research Agent, Contextual Data Assistant and Virtual Configuration Consultant. Rather, the Manhattan Foundry, as it has been called, allows its customers two other pathways to acquire agents they might need but which are not provided off the shelf by Manhattan. Foundry was announced as part of the agentic AI pathway is for customers to build an agentic AI application themselves and work it through Manhattan Active. The second would be for a customer with a specific need to seek out a developer of an agentic AI agent – which might be Manhattan itself – and create the application that would then reside on Active. 'Customers can now create specialized agents tailored to their unique processes and preferences, drastically reducing time-to-value, increasing automation scalability, enhancing productivity, and delivering tangible business value,' Manhattan said in a prepared statement announcing Foundry. 'They can also lean on Manhattan or third-party partners to develop these specialized agents.' In his opening remarks to Momentum, Clark said the agentic AI offerings 'will think and reason multiple steps ahead, working on your behalf and under your supervision, acting autonomously to complete their assignments.' 'Your team can roll up their sleeves and build their own AI agents on our platform,' he said. 'Or you can ask us to go build specialized agents for you.' On the same day that Google was announcing changes that would benefit channel partners on its Google Marketplace service, Manhattan also said that all its offerings on the Manhattan Active platform would be available on Google Marketplace. The expanded deal with Google – Active was already hosted on Google Cloud – would enable a user to make its entry into Manhattan's world through Google Marketplace, as opposed to buying through Manhattan itself. A key word that Manhattan has used for several years is 'unification.' The concept is that the various Manhattan offerings, whether it's, for example, the warehouse management system or the transportation management system, would reside together on the Manhattan Active platform. This eliminates the need for a company that is a user of more than one Manhattan technology offering to utilize them as siloes with little crossover. Brian Kinsella, Manhattan's senior vice president for product management who addressed the opening session, said many of the initial benefits from unification when it was rolled out in recent years 'were technical in nature.' He ticked off a list: a 'common data store, a common set of APIs, a common user interface and a common log on, log off.'Kinsella gave an example of where unification can provide insights that might not be available in siloed applications. He referred to 'dynamic trailer door assignment' for inbound freight. Live loads are 'coming in, checking into the gate. Maybe they're early, maybe they're late.''What you're trying to do is maximize the utilization of those dock doors and your receiving labor throughout the course of the day while still getting those live loads handled on time,' Kinsella said. Coordinating the labor needs alongside the inbound traffic can only happen in a unified system, according to Kinsella. At the same time, a TMS arranging outbound freight traffic can draw on unified information regarding inventories. 'First we check to see whether you actually even have the inventory to be able to allocate in the coming hours,' Kinsella said. From there, he listed a wide range of necessary information to maximize efficiency that now can more easily interact with each other in a unified system that was not possible in the past. 'It's really a game changer, and it helps you move to a whole new level of agility and better customer outcomes,' he added. As for the transition in Manhattan Associates' C-suite, Capell, who is staying on as executive chairman, spoke briefly to launch the morning session. But he turned Momentum over to Clark rapidly. 'It's time for new possibilities, new challenges, new strategy and new innovation,' Capell said, describing Clark as 'the person who will lead Manhattan as we conquer new horizons together.' More articles by John Kingston Connectivity, generative AI's impact key supply chain software themes at NRF '25 3 supply chain software providers tell their latest stories at NRF Manhattan Associates' growing supply chain problem: Slow-closing software deals The post Manhattan Associates rolls out new supply chain offerings at CEO's debut appeared first on FreightWaves.
Business Wire
20-05-2025
- Business
- Business Wire
Manhattan Associates Launches Supply Chain Commerce Solutions on Google Cloud Marketplace
LAS VEGAS--(BUSINESS WIRE)-- Manhattan Associates Inc. (NASDAQ: MANH), the global leader in supply chain commerce, today announced an expanded go-to-market (GTM) partnership with Google Cloud. All Manhattan Active ® solutions are available on Google Cloud Marketplace, enabling customers to accelerate their digital transformation success. This expanded alliance will enable customers to easily procure, deploy and manage Manhattan's award-winning, cloud-native supply chain execution, planning, and omnichannel commerce solutions. 'We're excited to deepen our partnership with Google Cloud to bring our solutions to a larger user base through Google Cloud Marketplace, enabling greater agility, visibility, and resilience to supply chain commerce. In today's dynamic market, cloud-driven flexibility isn't just an advantage—it's essential for business success,' said Eric Clark, President & CEO, Manhattan Associates. 'Manhattan's deep expertise in supply chain technology coupled with Google Cloud's powerful, scalable infrastructure is perfectly placed to deliver AI-driven solutions.' Key benefits of this expanded partnership include: Speed to Value – Customers will be able to simplify billing, streamline procurement, and leverage Manhattan spend towards existing Google Cloud purchase commitments. Accelerated Digital Transformation – Manhattan Active solutions are natively integrated into Google Cloud, driving agility in supply chain and omnichannel commerce operations. They are optimized to run on Google Cloud with fast deployment and high performance, reliability and security. AI Innovation at Scale – Customers will have access to advanced AI-driven insights, automation, productivity, and experience improvements, leveraging the latest AI technologies across their supply chain commerce operations. 'Bringing Manhattan Active to Google Cloud Marketplace will help customers quickly deploy, manage, and grow their supply chain commerce solutions on Google Cloud's trusted, global infrastructure,' said Michael Clark, President, North America, Google Cloud. 'Manhattan Associates can now securely scale and support customers on their digital transformation journeys.' Manhattan has partnered with Google Cloud for many years to transform supply chain capabilities for businesses worldwide. Manhattan Active Platform utilizes an extensive array of Google cloud services, including Google Kubernetes Engine (GKE), Google Cloud SQL, Google PubSub, Google Interconnect and Google Big Query. Our joint customers can enjoy the benefits of low latency connectivity with Google services and a secure data interchange. Additionally, the newly announced Manhattan Agent Foundry™ is engineered using Google Agentspace technology and the Vertex AI platform. Our customers will have the benefits of Manhattan AI Agents being available in their own Google Agentspace allowing a seamless agentic execution across their enterprise applications. About Manhattan Associates Manhattan Associates is a global technology leader in supply chain and omnichannel commerce. We unite information across the enterprise, converging front-end sales with back-end supply chain execution. Our software, platform technology and unmatched experience help drive both top-line growth and bottom-line profitability for our customers. Manhattan Associates designs, builds and delivers leading edge cloud and on-premises solutions so that across the store, through your network or from your fulfillment center, you are ready to reap the rewards of the omnichannel marketplace. For more information, please visit Receive up-to-date product, customer and partner news directly from Manhattan Associates on LinkedIn.
Yahoo
24-04-2025
- Business
- Yahoo
MANH Q1 Earnings Call: Cloud Growth and New CEO Transition Drive Outperformance
Supply chain optimization software maker Manhattan Associates (NASDAQ:MANH) reported Q1 CY2025 results exceeding the market's revenue expectations , with sales up 3.2% year on year to $262.8 million. The company's full-year revenue guidance of $1.07 billion at the midpoint came in 0.7% above analysts' estimates. Its non-GAAP profit of $1.19 per share was 15.4% above analysts' consensus estimates. Is now the time to buy MANH? Find out in our full research report (it's free). Revenue: $262.8 million vs analyst estimates of $256.8 million (3.2% year-on-year growth, 2.3% beat) Adjusted EPS: $1.19 vs analyst estimates of $1.03 (15.4% beat) Adjusted Operating Income: $91.27 million vs analyst estimates of $79.27 million (34.7% margin, 15.1% beat) The company reconfirmed its revenue guidance for the full year of $1.07 billion at the midpoint Management raised its full-year Adjusted EPS guidance to $4.59 at the midpoint, a 2% increase Operating Margin: 24%, up from 22.6% in the same quarter last year Free Cash Flow Margin: 28.3%, down from 39.7% in the previous quarter Billings: $279.9 million at quarter end, in line with the same quarter last year Market Capitalization: $10.44 billion Manhattan Associates' Q1 results were shaped by continued momentum in its cloud-based supply chain solutions and a smooth leadership transition, with Eric Clark stepping in as CEO. Management highlighted robust demand for cloud products, particularly through new customer wins and expanded cross-selling, while also noting that services revenue held up despite cautious customer spending in a challenging macro environment. Looking ahead, the company maintained its full-year revenue guidance and increased its adjusted EPS outlook. Management cited ongoing investments in sales and marketing, as well as product simplification initiatives, as key drivers for future growth. CEO Eric Clark emphasized, 'We are investing in sales specialists around many of our new products' to capture additional market share and drive adoption, even as the industry navigates external uncertainties like tariffs. Manhattan Associates attributed its Q1 performance to strong growth in cloud subscription revenue and steady demand across diverse industry verticals. Management focused on expanding its customer base and introducing new products to address evolving market needs. Cloud Revenue Expansion: The company experienced 21% growth in cloud revenue, driven by demand from both new and existing customers, with about half of new cloud bookings attributed to net-new clients. Diverse Industry Penetration: Manhattan's customer wins in the quarter spanned retail, grocery, life sciences, and logistics, supporting a balanced performance and reducing reliance on any single sector. New Product Launch: The introduction of Enterprise Promise and Fulfill (EPF) targeted B2B order optimization, addressing customer demand for more direct-to-consumer-like fulfillment capabilities in complex supply chains. AI and Automation Initiatives: The company expanded its Agentic AI offerings, notably Manhattan Active Maven and Manhattan Assist, to automate customer service tasks and simplify supply chain management, with new features enabling broader deployment across client operations. Leadership Transition: The CEO transition from Eddie Capel to Eric Clark was described as smooth, with both leaders focusing on continuity and ongoing product innovation, positioning the company for long-term growth. Management's outlook for the remainder of the year is anchored in further scaling cloud solutions, increasing sales and marketing investments, and ongoing product innovation, while remaining vigilant about macroeconomic uncertainty and potential impacts from tariffs. Sales and Marketing Investment: The company is prioritizing hiring and deploying sales specialists to drive adoption of new cloud products and expand its customer base. Product Simplification Efforts: Continued investment in simplifying deployment processes is expected to accelerate customer onboarding and shorten time-to-value for clients. Macro Environment Risks: Management remains cautious about near-term services revenue due to customer budget shifts, the flexibility of time-and-materials contracts, and the evolving tariff landscape, which could influence sales cycles and project implementations. Terry Tillman (Truist Securities): Asked how tariffs and macro uncertainty might affect sales cycles; management said Q2 and Q3 could see some impact but maintained confidence in the current pipeline. Brian Peterson (Raymond James): Inquired about the stability of the sales pipeline and new business linearity; management reported balanced deal flow across industries and regions, with strong early-quarter activity. Joe Vruwink (Baird): Questioned the resilience of new logo wins versus migrations and cross-sells; management noted all channels are performing well, with no single area significantly more resilient. Dylan Becker (William Blair): Asked how customers are prioritizing supply chain investments; management believes precise execution and inventory management remain critical regardless of macro challenges. George Kurosawa (Citi): Requested detail on customer feedback informing guidance; management cited ongoing direct engagement and service project reviews as supporting their outlook. In the coming quarters, the StockStory team will be monitoring (1) the pace of new cloud customer acquisitions and whether new logo momentum sustains, (2) the effectiveness of sales and marketing investments in driving product adoption, and (3) customer uptake of Agentic AI and automation features across Manhattan's unified platform. We will also track how macroeconomic pressures, particularly tariffs and shifting customer budgets, affect deal closure rates and services revenue. Should you load up on MANH, sell, or stay put? The answer lies in our free research report. Market indices reached historic highs following Donald Trump's presidential victory in November 2024, but the outlook for 2025 is clouded by new trade policies that could impact business confidence and growth. While this has caused many investors to adopt a "fearful" wait-and-see approach, we're leaning into our best ideas that can grow regardless of the political or macroeconomic climate. Take advantage of Mr. Market by checking out our Top 9 Market-Beating Stocks. This is a curated list of our High Quality stocks that have generated a market-beating return of 175% over the last five years. Stocks that made our list in 2019 include now familiar names such as Nvidia (+2,183% between December 2019 and December 2024) as well as under-the-radar businesses like Comfort Systems (+751% five-year return). Find your next big winner with StockStory today.
Yahoo
21-03-2025
- General
- Yahoo
Demolition begins for Yellow Springs schools as part of $55 million district project
Demolition has started on parts of Yellow Springs High School as part of a multi-million dollar renovation for the school district. [DOWNLOAD: Free WHIO-TV News app for alerts as news breaks] News Center 7′s John Bedell has the district's renovation plans LIVE on News Center 7 at 5. TRENDING STORIES: Man formally charged after teen shot near local park An Ohio man died after going to the dentist, now police are asking questions First Look: Reds roll out new menu items at Great American Ballpark for 2025 season 'It's always been an iconic feature of this village. You come down South College Street and that's what you saw,' Eric Clark said. Clark is talking about the round 'spaceship' band room at Yellow Springs High School, which was demolished today. [SIGN UP: WHIO-TV Daily Headlines Newsletter]
