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Manhattan Associates posts record annual profit

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Feb 6, 2014

Atlanta-based supply chain software firm Manhattan Associates reported a $67.3 million profit for 2013, up nearly 30 percent as it gained new customers and grew its business with existing clients.

The company’s net income came to a record 86 cents per diluted share, up from 64 cents in 2012. Revenue grew to $414.5 million, up from $376.2 million the previous year.

The full-year results included a $16.8 million profit for the fourth quarter of 2013, up from $12.5 million in the same period of 2012.

Looking forward, Manhattan Associates’ chief executive Eddie Capel said he expects to improve the company’s market position and financial results throughout 2014, in spite of “continuing uncertainties in the global macro environment.”

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As business team lead, Kelly Yamanouchi edits and writes business stories. She graduated from Harvard and has a master's degree from Northwestern.

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