Manhattan Associates has optimistic outlook
Profits more than doubled at Atlanta-based supply chain company Manhattan Associates in its third quarter.
The increase was helped by some investments the company had previously written down, but in a statement, Manhattan Associates president and CEO Pete Sinisgalli said the company's competitive position continues to improve.
"Our outlook for the balance of this year and the future is quite positive," he said.
Manhattan Associates made $14.9 million in the quarter, as compared to $6.2 million for the same period a year ago. It reported its earnings Tuesday.
The company said in its statement that it added new customers such as Abercrombie & Fitch Management Co., Western Express, Inc. and Winn-Dixie Stores, Inc. and expanded partnerships with more than 15 other companies. During the quarter, it closed three contracts of $1 million or more in recognized license revenue.
About the Author
Arielle Kass covers Gwinnett County for The Atlanta Journal-Constitution. She started at the paper in 2010, and has covered business and local government beats around metro Atlanta. Arielle is a graduate of Emory University.
