Manhattan Associates raises expectations for year
Atlanta supply chain optimization company Manhattan Associates saw its profits increase by 59 percent in the first quarter of the year, and raised its expectations for the remainder of 2012.
Licensing revenue at the company doubled, to $15.6 million in the first three months of 2012. Manhattan Associates also added or expanded contracts with a slew of companies, including J.Crew, Nike and PetSmart.
The company expects to increase its revenue between 11 and 14 percent for the year; it had previously said it expected between 10 and 12 percent growth.
Manhattan Associates made $11.4 million for the first quarter of 2012; it had made $7.2 million for the first quarter a year ago.
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.
