Latest news with #ManhattanAssociates'
Yahoo
30-05-2025
- Business
- Yahoo
A Lego approach helps prepare Manhattan Associates' TMS for tariff chaos
LAS VEGAS – Manhattan Associates has been in the transportation management system sector for about 15 years, taking a big step forward with its integrated Active platform in 2021. But users of its TMS, which is designed to focus on shippers, are dealing with a new set of challenges brought on by the potential supply chain chaos created by tariffs, real and anticipated. Bryant Smyth is the director of product management at Manhattan Associates (NASDAQ: MANH) with a focus on the company's transportation management capabilities. It's his team that is going to need to direct the company's TMS customers to help limit the pain points and be flexible as the landscape shifts.'You need to have the visibility into which lanes, which customers and which vendors are going to be impacted by these tariffs, especially on the import side, if you're working with vendors who are importing from the other parts of the world,' Smyth said in an interview at Manhattan Associates' Momentum meeting of customers and partners. 'You may need to source a different vendor from a different part of the world, or even move it stateside. So now you're going to be changing not only your vendor relationships, but you're also going to be changing the lanes you're shipping on.' Smyth said within the Manhattan TMS, it can do 'modeling exercises' that take those various new inputs, combine them with what's still in place and answer the question, 'What does that cost look like with a change in lanes, a different carrier mix and also maybe a change in modalities?' To provide that sort of service, one of the features of Manhattan Associates' TMS, touted by executives like Smyth at Momentum, involves two terms they use frequently: 'micro' and 'Lego.' Yes, Lego as in the to adapt a TMS for individual requirements in legacy systems – the type of need that might be created by a sudden shift in tariff policy – meant 'you write a line of code, and then more lines of code, and now it just becomes this big monolith that the application can do,' Smyth said. But that is not always the case for a customer working with software installed on its own systems rather than on Manhattan Associates' products in the cloud. Smyth said the split between customers who are using Manhattan Associates' cloud-based technical capabilities and those who are known as 'on prem' – with the software installed on a customer's system rather than accessing the cloud – is about 50-50. While it is easy to knock those who remain tied to an on-prem system for lagging behind the growing industry standard of cloud technology, Smyth said those customers do have the advantage of being able to make changes in their system themselves without worrying about how it might affect other users. The microservice 'Lego' capabilities of Manhattan Associates' TMS, he said, are the 'best of both worlds.' The ability to create a bespoke process unique to a customer similar to what an on-prem user can perform now is available for cloud-based users as well, Smyth said. The microcapabilities that Manhattan touted at Momentum, based on the use of underlying APIs, draw the comparison to Lego bricks. 'What that allows us to do is that customers need only to activate components that they're going to use,' Smyth said. 'We compartmentalize it so that a particular workflow is centered around a particular action. We break them apart, and then you can put them together as Lego pieces and compose the TMS that you need.' No conference about software services today for the supply chain can go very far without a discussion of AI. Momentum this year was no different.A year ago at Momentum, a key focus was on generative AI and how it could be used in various Manhattan applications. New 'agentic' AI tools were rolled out at Momentum this year. And they were part of what Smyth talked about in an interview with FreightWaves, when he looked over his company's TMS and what it was going to need to be able to provide users as they navigate the tariff jungle. With so much focus last year on generative AI and this year on agentic AI – with an AI-based tool performing the work that a human agent might have performed earlier – Smyth was blunt in addressing a possible weak spot in AI: Is the data good enough for the tools? AI tools, Smyth said, 'are good only if you see something that you need to be able to take action against.' Given that, Smyth said Manhattan Associates has been working with customers to review what they have, 'visualize it end to end' and 'streamline' the data so it can be used in AI tools, whether it's generative AI or agentic AI. Asked for an example of what agentic AI can do, Smyth was succinct: 'If I needed to schedule an appointment, you can have an agent do that for you,' he said. But the process needs to be basic for users. 'Our end users are not all technical; they aren't software developers,' he said. 'They need to be able to tell an agent to do something in a natural language, like 'reschedule this appointment.'' That could kick off actions by multiple agents. 'I might have an agent that looks at my shipments and tells me which ones are late,' he said in reviewing the process. Another might take a late shipment and reschedule it. A third might send a notification to a carrier that there's been a rescheduling. 'Those are three independent agents that you can now cluster together into an automated process,' he said. This is during a time when supply chain software companies, at least those that are publicly traded, are struggling, at least as evidenced in their stock price. Manhattan Associates has traded near $188 this week, down from about $228 when Momentum was held in 2024. Just a few days after the close of the Momentum meeting, supply chain software provider e2open announced it was being sold to WiseTech, an Australian company. E2open had seen a long decline in its stock price going back years, with its earnings reports and analyst calls often lamenting it was tough in that field to get anything done. Its stock was down about 75% in five years after getting a final boost from the sale. Manhattan Associates' stock price has not suffered as much, but it too has struggled. In the past year, it has swung from a 52-week peak of $312.60 on Dec. 12 – an all-time high – to a low of $140.81 on April 7. Company executives have talked about difficulties in closing deals. Smyth said sales are still hitting headwinds, particularly in industries where tariffs are a key issue. 'They're just sitting tight and seeing how things are going to play out,' he said. 'They don't want to make these big capital investments in enterprise software right now.' More articles by John Kingston Georgia tort reform aims to change practices in judicial 'hell hole' Double whammy for Wabash: 2 key agencies cut debt rating on trailer builder Despite red ink at Heartland, Morgan Stanley report relatively upbeat The post A Lego approach helps prepare Manhattan Associates' TMS for tariff chaos appeared first on FreightWaves.
Yahoo
23-05-2025
- Business
- Yahoo
As shippers adjust to tariffs, the message at Momentum is: Don't forget the TMS
LAS VEGAS – Customers using Manhattan Associates' transportation management system fall solidly in the shipper bucket of the three-way carrier/shipper/3PL divide, and the uncertainty they face with both current and looming tariffs was a major part of the discussion at the company's Momentum conference. The title of Bart De Muynck's presentation was blunt: Is your supply chain agile enough to handle tariff changes? De Muynck, a longtime logistics executive with stints at Project44 and Gartner, among other companies, didn't offer an answer as to whether he believed most shippers were ready to deal with tariffs. But he made clear that business as usual was not likely to work as the uncertainty of the size and incidence of tariffs – where they hit – puts pressure on shippers. De Muynck's presentation was part of the Supply Chain Execution track at Momentum, a gathering of the company's customers and partners. But Manhattan Associates' (NASDAQ: MANH) TMS was the key focus of his Muynck identified five key areas where he said shippers dealing with fallout from tariffs should look to their TMS to help weather the storm: real-time rate comparison, volume shifting, strategic rerouting, carrier flexibility, and freight audit and visibility (which he later said would grow alongside the other changes that might be undertaken to adapt to a world of tariffs). Actions to take for each of the five can overlap but all came down to the same idea: These issues are likely to become acute, and solving them could require a new approach toward maximizing the capabilities of a TMS. For example, rate management when De Muynck was at PepsiCo was an exercise that might occur every few years. He used the example to note that in volatile times, such as those brought on by the arrival of steep tariffs, old ways can't be relied upon. Carrier flexibility is required because 'that carrier you're using now might not be available tomorrow,' De Muynck said. The volatility in the pool of carriers may conflict with what he said was a preference that shippers may have for using a mostly consistent group of carriers.'But with all that volatility, that's not always feasible,' he said, particularly if a company starts shifting modes to minimize the impact of tariffs. That may mean accessing spot rates, De Muynck said, even if that's outside the norm for a shipper. But if going down that route is in reaction to tariff disruption, he added, 'you're not going to be doing that for months, but it's just for a small period of time.' That might involve dealing with large volumes of shipments before the impact of a tariff deadline. Dynamic rate management would involve comparison of data that can be found in services such as SONAR. Static thinking might ask, De Muynck said, how a TMS can assist with a rate that a company already has negotiated, or as he described it, a company looking at a rate and saying 'Well, we negotiated a rate, and that's just what we have.' But today, De Muynck said, a TMS has the capability to process data on rates and routes, and run scenarios to minimize transportation costs while also taking the impact of tariffs into account. Transportation managers should work with their planning team, 'and say to them, 'What else could happen? Where are you guys thinking of replenishing product from?'' Changes driven by tariffs could also involve a company's own manufacturing, De Muynck said. Data from that also could be pulled into the TMS. The end goal, he said, is to use the TMS to model tariff scenarios and determine 'what is the impact and how would we execute on it? How do we reengineer some of our routings based on some of the things we're seeing?' All of that would fall under what De Muynck said would be the challenge in front of any company impacted by tariffs: 'We planned to do things one way. Now that situation has changed.' Given that his address was being made at a conference hosted by a TMS supplier, the key message after this review of 'agility' that shippers will need in the tariff era was that learning to use the capabilities of a TMS to work with all these variables is a it can be a hard sell. De Muynck said when he was at Gartner (NYSE: IT), a major research firm that among other activities studies freight technologies, he needed to convince TMS users that it could be an advantage. The pushback he would get, De Muynck said, was that if a company's competitors all had a TMS, how could there be any advantage? Both De Muynck and Bryant Smith, the director of product management at Manhattan Associates for its TMS offering, spoke of the capabilities of Manhattan Associates' TMS as the route to breaking out of that stalemate. In a separate interview, Smith said the architecture of the Manhattan Associates TMS allowed expansion into new services by adding capabilities that he likened to Lego pieces, 'composing the TMS that you need.' The more formal term is microservices platforms. Smith said a microservices platform can be used to put out a 'micro-bid' for a lane that might only be coming up short term to deal with tariffs. 'You don't want to run a whole networkwide RFP,' he said. 'You would just want to isolate it down to certain parts of your supply chain.' Capabilities in the Manhattan Associates TMS allow that, Smith said, 'to be more precise and pointed in what they're trying to go after.' Or as De Muynck said of that functionality, 'You can use your custom workflows, and that's where it's different than, well, everyone has the same TMS.' More articles by John Kingston Manhattan Associates rolls out new supply chain offerings at CEO's debut Connectivity, generative AI's impact key supply chain software themes at NRF '25 Manhattan Associates' growing supply chain problem: Slow-closing software deals The post As shippers adjust to tariffs, the message at Momentum is: Don't forget the TMS appeared first on FreightWaves. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
22-05-2025
- Business
- Yahoo
With EPS Growth And More, Manhattan Associates (NASDAQ:MANH) Makes An Interesting Case
The excitement of investing in a company that can reverse its fortunes is a big draw for some speculators, so even companies that have no revenue, no profit, and a record of falling short, can manage to find investors. Unfortunately, these high risk investments often have little probability of ever paying off, and many investors pay a price to learn their lesson. A loss-making company is yet to prove itself with profit, and eventually the inflow of external capital may dry up. In contrast to all that, many investors prefer to focus on companies like Manhattan Associates (NASDAQ:MANH), which has not only revenues, but also profits. Now this is not to say that the company presents the best investment opportunity around, but profitability is a key component to success in business. This technology could replace computers: discover the 20 stocks are working to make quantum computing a reality. If you believe that markets are even vaguely efficient, then over the long term you'd expect a company's share price to follow its earnings per share (EPS) outcomes. Therefore, there are plenty of investors who like to buy shares in companies that are growing EPS. Impressively, Manhattan Associates has grown EPS by 24% per year, compound, in the last three years. So it's not surprising to see the company trades on a very high multiple of (past) earnings. One way to double-check a company's growth is to look at how its revenue, and earnings before interest and tax (EBIT) margins are changing. The music to the ears of Manhattan Associates shareholders is that EBIT margins have grown from 23% to 26% in the last 12 months and revenues are on an upwards trend as well. That's great to see, on both counts. The chart below shows how the company's bottom and top lines have progressed over time. To see the actual numbers, click on the chart. View our latest analysis for Manhattan Associates Of course the knack is to find stocks that have their best days in the future, not in the past. You could base your opinion on past performance, of course, but you may also want to check this interactive graph of professional analyst EPS forecasts for Manhattan Associates. Since Manhattan Associates has a market capitalisation of US$12b, we wouldn't expect insiders to hold a large percentage of shares. But we do take comfort from the fact that they are investors in the company. Notably, they have an enviable stake in the company, worth US$103m. We note that this amounts to 0.9% of the company, which may be small owing to the sheer size of Manhattan Associates but it's still worth mentioning. This still shows shareholders there is a degree of alignment between management and themselves. For growth investors, Manhattan Associates' raw rate of earnings growth is a beacon in the night. With EPS growth rates like that, it's hardly surprising to see company higher-ups place confidence in the company through continuing to hold a significant investment. The growth and insider confidence is looked upon well and so it's worthwhile to investigate further with a view to discern the stock's true value. Once you've identified a business you like, the next step is to consider what you think it's worth. And right now is your chance to view our exclusive discounted cashflow valuation of Manhattan Associates. You might benefit from giving it a glance today. There's always the possibility of doing well buying stocks that are not growing earnings and do not have insiders buying shares. But for those who consider these important metrics, we encourage you to check out companies that do have those features. You can access a tailored list of companies which have demonstrated growth backed by significant insider holdings. Please note the insider transactions discussed in this article refer to reportable transactions in the relevant jurisdiction. Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
Yahoo
02-05-2025
- Business
- Yahoo
Manhattan Associates (NASDAQ:MANH) Is Posting Promising Earnings But The Good News Doesn't Stop There
Manhattan Associates, Inc. (NASDAQ:MANH) announced a healthy earnings result recently, and the market rewarded it with a strong uplift in the stock price. According to our analysis of the report, the strong headline profit numbers are supported by strong earnings fundamentals. We check all companies for important risks. See what we found for Manhattan Associates in our free report. Many investors haven't heard of the accrual ratio from cashflow, but it is actually a useful measure of how well a company's profit is backed up by free cash flow (FCF) during a given period. In plain english, this ratio subtracts FCF from net profit, and divides that number by the company's average operating assets over that period. The ratio shows us how much a company's profit exceeds its FCF. Therefore, it's actually considered a good thing when a company has a negative accrual ratio, but a bad thing if its accrual ratio is positive. While having an accrual ratio above zero is of little concern, we do think it's worth noting when a company has a relatively high accrual ratio. That's because some academic studies have suggested that high accruals ratios tend to lead to lower profit or less profit growth. Over the twelve months to March 2025, Manhattan Associates recorded an accrual ratio of -2.56. That implies it has very good cash conversion, and that its earnings in the last year actually significantly understate its free cash flow. Indeed, in the last twelve months it reported free cash flow of US$308m, well over the US$217.1m it reported in profit. Manhattan Associates shareholders are no doubt pleased that free cash flow improved over the last twelve months. That might leave you wondering what analysts are forecasting in terms of future profitability. Luckily, you can click here to see an interactive graph depicting future profitability, based on their estimates. As we discussed above, Manhattan Associates' accrual ratio indicates strong conversion of profit to free cash flow, which is a positive for the company. Because of this, we think Manhattan Associates' underlying earnings potential is as good as, or possibly even better, than the statutory profit makes it seem! And on top of that, its earnings per share have grown at an extremely impressive rate over the last three years. At the end of the day, it's essential to consider more than just the factors above, if you want to understand the company properly. While it's really important to consider how well a company's statutory earnings represent its true earnings power, it's also worth taking a look at what analysts are forecasting for the future. Luckily, you can check out what analysts are forecasting by clicking here. Today we've zoomed in on a single data point to better understand the nature of Manhattan Associates' profit. But there are plenty of other ways to inform your opinion of a company. For example, many people consider a high return on equity as an indication of favorable business economics, while others like to 'follow the money' and search out stocks that insiders are buying. While it might take a little research on your behalf, you may find this free collection of companies boasting high return on equity, or this list of stocks with significant insider holdings to be useful. Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Business Wire
28-04-2025
- Business
- Business Wire
FINAL DEADLINE ALERT: Faruqi & Faruqi, LLP Investigates Claims on Behalf of Investors of Manhattan Associates
NEW YORK--(BUSINESS WIRE)-- Faruqi & Faruqi, LLP, a leading national securities law firm, is investigating potential claims against Manhattan Associates, Inc. ('Manhattan Associates' or the 'Company') (NASDAQ: MANH) and reminds investors of the April 28, 2025 deadline to seek the role of lead plaintiff in a federal securities class action that has been filed against the Company. As detailed below, the complaint alleges that the Company and its executives violated federal securities laws by making false and/or misleading statements Share Faruqi & Faruqi is a leading national securities law firm with offices in New York, Pennsylvania, California and Georgia. The firm has recovered hundreds of millions of dollars for investors since its founding in 1995. See As detailed below, the complaint alleges that the Company and its executives violated federal securities laws by making false and/or misleading statements and/or defendants provided investors with material information concerning Manhattan Associates' expected revenue for the fiscal year 2025. Defendants' statements included, among other things, confidence in the Company's ability to forecast guidance despite macroeconomic fluctuations, the growth potential of their professional services offerings, and the ability for their cloud revenue to drive revenue for its professional services. On January 28, 2025, Manhattan Associates published its financial results for the fourth quarter and full fiscal year 2024 and announced reduced revenue guidance for the full fiscal year 2025. The Company attributed its results and lowered guidance on the 'shift in professional services work to future periods . . . and to a lesser extent, reduced customization and higher partner utilization.' Following this news, the price of Manhattan Associates' common stock declined dramatically from a closing market price of $295.10 per share on January 28, 2025, to $222.84 per share on January 29, 2025, a decline of about 24.49% in the span of just a single day. The court-appointed lead plaintiff is the investor with the largest financial interest in the relief sought by the class who is adequate and typical of class members who directs and oversees the litigation on behalf of the putative class. Any member of the putative class may move the Court to serve as lead plaintiff through counsel of their choice, or may choose to do nothing and remain an absent class member. Your ability to share in any recovery is not affected by the decision to serve as a lead plaintiff or not. Faruqi & Faruqi, LLP also encourages anyone with information regarding Manhattan Associates' conduct to contact the firm, including whistleblowers, former employees, shareholders and others. To learn more about the Manhattan Associates class action, go to or call Faruqi & Faruqi partner Josh Wilson directly at 877-247-4292 or 212-983-9330 (Ext. 1310). Attorney Advertising. The law firm responsible for this advertisement is Faruqi & Faruqi, LLP ( Prior results do not guarantee or predict a similar outcome with respect to any future matter. We welcome the opportunity to discuss your particular case. All communications will be treated in a confidential manner.
