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Business

Manhattan Associates reports strong profit

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April 22, 2014

Atlanta-based supply chain software firm Manhattan Associates reported a profit of $18.7 million for the first quarter of the year as it wins new contracts and gains business.

The company’s first quarter net income amounted to 24 cents per share. Its results marked an increase from $13.4 million, or 17 cents a share, a year ago.

The profit came on $113.6 million in revenue, up from $96.6 million in the first quarter of 2013.

Manhattan Associates also boosted its guidance for the full year, saying it now expects 15 to 17 percent growth in earnings per share for the full year.

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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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