Manhattan Associates Reports First Quarter 2018 Performance
Summary
We look forward to our upcoming Momentum customer conference in May, where we will unveil exciting product advancements enabling our clients to Push Possible™ with their commerce supply chains,” concluded Mr. Capel.Manhattan Associates designs, builds and delivers leading edge cloud and on-premise 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.Among the important factors that could cause actual results to differ materially from those indicated by such forward-looking statements are: uncertainty about the global economy, risks related from transitioning our business from a traditional perpetual license software company (generally hosted by our customers on their own premises and equipment) to a subscription-based software-as-service/cloud-based model, delays in product development, competitive pressures, software errors, information security breaches and the risk factors set forth in Item 1A of the Company’s Annual Report on Form 10-K for the year ended December 31, 2017.Tax Cuts and Jobs Act impact (d) (348) -Adjusted net income (Non-GAAP) $24,916 $29,164Diluted EPS $0.33 $0.40Equity-based compensation (a) 0.05 0.04Tax benefit of stock awards vested (b) (0.01) (0.03)Purchase amortization (c) - -U.S. Tax Cuts and Jobs Act impact (d) (0.01) -Adjusted diluted EPS (Non-GAAP) $0.37 $0.42Fully diluted shares 67,736 70,247(a) Adjusted results exclude all equity-based compensation, to facilitate comparison with our peers and for the other reasons explained in our Current Report on Form 8-K filed with the SEC on the date hereof.(c) Adjusted results exclude all equity-based compensation to facilitate comparison with our competitors and peers and for the other reasons explained in our Current Report on Form 8-K filed with the SEC on the date of this release.
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