Manhattan Associates, Inc. (MANH) Tops Q2 EPS by 2c, Revenues In-Line; Lowers FY17 Adj. EPS / Revenue Outlook

Manhattan Associates, Inc. (NASDAQ: MANH) reported Q2 EPS of $0.50, $0.02 better than the analyst estimate of $0.48. Revenue for the quarter came in at $154.1 million versus the consensus estimate of $154 million.

SECOND QUARTER 2017 FINANCIAL SUMMARY:

• GAAP diluted earnings per share was $0.45 in Q2 2017, compared to $0.46 in Q2 2016.
• Adjusted diluted earnings per share, a non-GAAP measure, was $0.50 in Q2 2017, compared to $0.49 in Q2 2016.
• Consolidated total revenue was $154.1 million in Q2 2017, compared to $154.9 million in Q2 2016. License revenue was $22.4 million in Q2 2017, compared to $20.6 million in Q2 2016.
• GAAP operating income was $49.3 million in Q2 2017, compared to $52.3 million in Q2 2016.
• Adjusted operating income, a non-GAAP measure, was $55.2 million in Q2 2017, compared to $55.9 million in Q2 2016.
• Cash flow from operations was $11.3 million in Q2 2017, compared to $19.1 million in Q2 2016. Days Sales Outstanding was 57 days at June 30, 2017, compared to 53 days at March 31, 2017.
• Cash and investments totaled $86.6 million at June 30, 2017, compared to $101.3 million at March 31, 2017.
• During the three months ended June 30, 2017, the Company repurchased 535,340 shares of Manhattan Associates common stock under the share repurchase program authorized by the Board of Directors, for a total investment of $25.0 million. In July 2017, the Board of Directors authorized the Company to repurchase up to an aggregate of $50 million of the Company’s common stock.

GUIDANCE:

Manhattan Associates, Inc. sees FY2017 EPS of $1.85-$1.93, versus the consensus of $1.90. Manhattan Associates, Inc. sees FY2017 revenue of $590-600 million, versus the consensus of $611.16 million.

For earnings history and earnings-related data on Manhattan Associates, Inc. (MANH) click here.

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