Manhattan Associates, Inc. (NASDAQ:MANH) Files An 8-K Results of Operations and Financial Condition

ME Staff 8-k
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Manhattan Associates, Inc. (NASDAQ:MANH) Files An 8-K Results of Operations and Financial Condition

Item 2.02Results of Operations and Financial Condition.

On April 20, 2017, Manhattan Associates, Inc. (the Company)
issued a press release providing its financial results for the
three months ended March 31, 2017. A copy of this press release
is attached as Exhibit 99.1. to General Instruction B.2 of Form
8-K, this exhibit is furnished and not filed for purposes of
Section 18 of the Securities Exchange Act of 1934.

Non-GAAP Financial Measures in the Press Release

The press release includes, as additional information regarding
our operating results, our adjusted operating income, adjusted
income tax provision, adjusted net income and adjusted diluted
earnings per share, which exclude the impact of equity-based
compensation and acquisition-related costs, and the related
income tax effects of both. We have developed our internal
reporting, compensation and planning systems using these
additional financial measures.

These various measures are not in accordance with, or
alternatives for, financial measures calculated in accordance
with generally accepted accounting principles in the United
States (GAAP) and may be different from similarly titled non-GAAP
financial measures used by other companies.Non-GAAP financial
measures should not be used as a substitute for, or considered
superior to, measures of financial performance prepared in
accordance with GAAP.

Non-GAAP measures used in the press release exclude the impact of
the items described above for the following reasons:

Equity-based compensation expense typically does not
require cash settlement by the Company. We do not include
this expense and the related income tax effects when
assessing our operating performance, and believe our
peers also typically present non-GAAP results that
exclude equity-based compensation expense.

From time to time, we incur acquisition-related costs
consisting primarily of (i) accounting and legal
expenses, whether or not we ultimately consummate a
proposed acquisition, (ii) certain unusual costs, such as
employee retention benefits, resulting from
pre-acquisition arrangements, and (iii) amortization of
acquisition-related intangible assets.These costs are
difficult to predict and, if and when incurred, generally
are not expenses associated with our core operations.We
exclude these costs and the related income tax effects
from our internal assessments of our operating
performance, and believe our peers also typically present
non-GAAP results that exclude similar acquisition-related
costs.

We believe the reporting of adjusted operating income, adjusted
income tax provision, adjusted net income and adjusted earnings
per share facilitates investors understanding of our historical
operating trends, because it provides supplemental measurement
information in evaluating the operating results of our business.
We also believe that adjusted operating income, adjusted income
tax provision, adjusted net income and adjusted earnings per
share provide a basis for comparisons to other companies in the
industry and enable investors to evaluate our operating
performance in a manner consistent with our internal basis of
measurement.Management refers to adjusted operating income,
adjusted net income and adjusted earnings per share in making
operating decisions because we believe they provide meaningful
supplemental information regarding our operational performance
and our ability to invest in research and development and fund
acquisitions and capital expenditures. In addition, adjusted
operating income,

adjusted net income and adjusted earnings per share facilitate
managements internal comparisons to our historical operating
results and comparisons to competitors operating results.

Further, we rely on adjusted operating income, adjusted net
income and adjusted net income per share information as primary
measures to review and assess the operating performance of our
Company and our management team in connection with our executive
compensation and bonus plans. Since most of our employees are not
directly involved with decisions surrounding acquisitions and
other items that are not central to our core operations, we do
not believe it is appropriate or fair to have their incentive
compensation affected by these items.

Item 9.01Financial Statements and Exhibits.

(d)Exhibits.

Exhibit

Number

Description

99.1

Press Release, dated April 20, 2017


About Manhattan Associates, Inc. (NASDAQ:MANH)

Manhattan Associates, Inc. (Manhattan) is a developer and provider of supply chain commerce solutions. The Company has three geographical segments: the Americas, Europe, Middle East and Africa (EMEA), and the Asia Pacific (APAC). It is engaged in developing, selling, deploying, servicing and maintaining software solutions designed to manage supply chains, inventory and omni-channel operations for retailers, wholesalers, manufacturers, logistics providers and other organizations. Its solutions consist of software, services, and hardware, which coordinate people, workflows, assets, events, and tasks across the functions. Its solutions enable coordinating the actions, data exchange, and communication of participants in supply chain ecosystems, such as manufacturers, suppliers, distributors, transportation providers, channels (such as catalogers, store retailers and Web outlets), and consumers. The Company offers its solutions in three areas: supply chain, Omni-channel and inventory.

Manhattan Associates, Inc. (NASDAQ:MANH) Recent Trading Information

Manhattan Associates, Inc. (NASDAQ:MANH) closed its last trading session up +0.02 at 50.58 with 680,013 shares trading hands.