WEB NEWS Comments & Business Outlook
Due to economic uncertainty and limited visibility, Manhattan Associates has decided to suspend its earnings guidance for the remainder of 2009. Our previously published guidance for fiscal year 2009 should not be relied upon as reflecting management's current expectations for full year results.
Source: GlobeNewswire (July 21, 2009 )
Comments & Business Outlook
"First quarter license revenue was well below our plan . While our competitive win rate during the quarter continued strong, there simply weren't many businesses confident enough in the global economic outlook to commit capital to improve their supply chains."
"Given our first quarter results -- and the revisions most economists have made to their outlooks for the remainder of 2009 -- we have lowered our revenue expectations for the year ,"
The company has initiated 2009 second quarter financial guidance and revised previously reported full year 2009 financial guidance.
2nd Quarter 2009 Guidance Ending June a
2nd Quarter 2009 Guidance 2nd Quarter 2008 Reported Period Change
GAAP EPS
-$0.02 to $0.13
$0.37
-105% to -65%
Non-GAAP EPS b
$0.15 to $0.30
$0.42
64% to -29%
Source:
See Release , April 21, 2009
FULL YEAR 2009 Guidance Ending December a
Full Year 2009 Guidance Full Year 2008 Reported Period Change
GAAP EPS
$0.45 to $0.85
$1.13
-64% to -29%
Non-GAAP EPS b
$0.80 to $1.20
$1.38
-42% to -13%
Source:
See Release , April 21, 2009
a The above forecasts reflect the Company's current and preliminary views and are therefore subject to change. Please refer to the Company's Safe Harbor Statement (usually in press releases) for the factors that could cause actual results to differ materially from those contained in any forward-looking statement. b Non-GAAP EPS Figures exclude certain non-operating gains and losses as well as certain non-cash items. Non-GAAP information should not be viewed in isolation or as a substitute for reported, or GAAP information . For a more complete explanation of the company's definition of non-GAAP please refer to its financial press releases. The GeoTeam ® non-GAAP figures may, from time to time, differ from company supplied figures .
Comments & Business Outlook
Guidance Report:
First Quarter Fiscal 2009 Guidance Ending March
2009 Guidance
2008 Reported
Period Change
GAAP EPS
$0.15 to $0.25
$0.30
-50% to -17%
*Non-GAAP EPS
$0.20 to $0.30
$0.35
-43% to -14%
Full Year Fiscal 2009 Guidance Ending December
2009 Guidance
2008 Reported
Period Change
GAAP EPS
$1.03 to $1.28
$0.93
10% to 36%
*Non-GAAP EPS
$1.23 to $1.48
$1.38
-11% to 7%
"We do not expect the market to improve until the latter half of 2009 at the earliest," Sinisgalli continued. "However, we will continue to place significant energy into developing and advancing the world's leading suite of Supply Chain Optimization solutions, so that when markets return to more normal activity levels, we will be poised to capture significant market share," he concluded.
*Non-GAAP EPS Figures exclude non-operating gains and losses.
Source: GlobeNewswire (February 10, 2009 )
