Core Viewpoint - A class action lawsuit has been filed against Manhattan Associates, Inc. for failing to disclose the true state of its forecasting ability for professional services, leading to a significant drop in share price following the release of disappointing financial results and lowered revenue guidance for 2025 [1][3][4]. Financial Performance - On January 28, 2025, Manhattan Associates reported its financial results for Q4 and the full fiscal year 2024, along with a reduced revenue guidance for the full fiscal year 2025 [3]. - The company attributed its results and lowered guidance to a shift in professional services work to future periods and reduced customization, alongside higher partner utilization [3]. - Following this announcement, Manhattan's share price fell by $72.26, approximately 24%, from $295.10 to $222.84 per share [3]. Legal Proceedings - The class action lawsuit was filed in the U.S. District Court for the Northern District of Georgia on behalf of investors who acquired Manhattan securities during the Class Period from October 22, 2024, to January 28, 2025 [1]. - Investors have until April 28, 2025, to apply to the Court to be appointed as lead plaintiff in the lawsuit [1].

Core Viewpoint - A class action has been filed against Manhattan Associates, Inc. for allegedly misleading investors about its growth potential and revenue forecasts during a specified period [1][2]. Group 1: Allegations and Financial Performance - The complaint alleges that during the class period, Manhattan Associates provided misleading information regarding its expected revenue for fiscal year 2025, expressing confidence in its forecasting ability despite macroeconomic challenges [2]. - The company was accused of failing to disclose its actual capability to deliver responsible growth targets, suggesting that its professional services were not adequately equipped to meet such targets [2]. - On January 28, 2024, Manhattan Associates reported its fourth-quarter and full fiscal year 2024 results, announcing a reduction in revenue guidance for fiscal year 2025, attributing this to a shift in professional services work and higher partner utilization, leading to a stock price decline of over 24% from $295.10 to $222.84 per share [3]. Group 2: Class Action Participation - Shareholders may be eligible to participate in the class action against Manhattan Associates, with a deadline to file as lead plaintiff by April 28, 2025 [4]. - Shareholders do not need to participate in the case to be eligible for recovery, and they can choose to remain absent class members [4]. Group 3: Company Background - Manhattan Associates, Inc. is a global company specializing in software solutions for supply chain management, inventory, and omnichannel operations [1].

Core Viewpoint - A class action lawsuit has been filed against Manhattan Associates, Inc. for allegedly misleading investors regarding its growth forecasts during the specified Class Period from October 22, 2024, to January 28, 2025 [3]. Group 1: Lawsuit Details - The lawsuit claims that during the Class Period, Manhattan Associates made positive statements while concealing adverse facts about its ability to forecast growth in professional services [3]. - Allegations include that the company was either unable to set responsible growth targets or that its services were inadequate to meet those targets [3]. - Investors are encouraged to file a lead plaintiff motion by April 28, 2025, to participate in the class action [1]. Group 2: Investor Support - The Portnoy Law Firm offers complimentary case evaluations for investors seeking to recover losses related to the alleged corporate wrongdoing [2][4]. - Investors can contact attorney Lesley F. Portnoy for discussions regarding their legal rights and options [2].

Core Viewpoint - Faruqi & Faruqi, LLP is investigating potential claims against Manhattan Associates, Inc. due to allegations of false and misleading statements regarding the company's revenue expectations for fiscal year 2025, which led to significant investor losses [2][4]. Group 1: Legal Investigation and Claims - Faruqi & Faruqi, LLP is encouraging investors who suffered losses exceeding $100,000 in Manhattan Associates between October 22, 2024, and January 28, 2025, to discuss their legal options [1]. - The firm is investigating claims against Manhattan Associates and reminds investors of the April 28, 2025, deadline to seek the role of lead plaintiff in a federal securities class action [2]. - The complaint alleges that the company and its executives violated federal securities laws by making false statements about expected revenue and growth potential [4]. Group 2: Financial Performance and Stock Impact - On January 28, 2025, Manhattan Associates reported its financial results for Q4 and the full fiscal year 2024, announcing reduced revenue guidance for fiscal year 2025 [5]. - The company attributed the reduced guidance to a shift in professional services work and higher partner utilization, leading to a dramatic stock price decline from $295.10 to $222.84, a drop of approximately 24.49% in one day [5]. Group 3: Class Action Participation - The lead plaintiff in a class action is the investor with the largest financial interest who directs the litigation on behalf of the class, and any member may move to serve as lead plaintiff [6]. - Members of the putative class can choose to participate or remain absent without affecting their ability to share in any recovery [6]. Group 4: Whistleblower and Information Gathering - Faruqi & Faruqi, LLP is also encouraging individuals with information regarding Manhattan Associates' conduct, including whistleblowers and former employees, to contact the firm [7].

Core Viewpoint - A class action lawsuit has been filed against Manhattan Associates, Inc. for allegedly misleading investors regarding its Services business and growth prospects, leading to significant financial losses for shareholders [1][4][8]. Group 1: Lawsuit Details - The lawsuit, Prime v. Manhattan Associates, Inc., represents investors who acquired securities between October 22, 2024, and January 28, 2025 [1][2]. - The lead plaintiff deadline for the lawsuit is set for April 28, 2025 [2]. Group 2: Company Performance and Allegations - The litigation focuses on Manhattan Associates' public statements about its Services business, which is a key revenue component, including planning, implementation, consulting, and training [2][4]. - Historically, the company assured investors that Services growth was linked to cloud sales and customer upgrades, while downplaying macroeconomic uncertainties [3][4]. - The complaint alleges that the company made false statements and failed to disclose critical information, creating a misleading impression about its revenue outlook and growth potential [4]. Group 3: Financial Impact - On January 28, 2025, the company reported disappointing Q4 2024 Services revenue of $119.5 million, a mere 0.3% increase year-over-year, falling short of previous guidance by approximately $2 million [5]. - The company indicated that delays in professional services and deferred deals contributed to this disappointing performance, predicting a low point in Services revenue for Q1 2025 [6]. - Additionally, around 10% of customers scaled back their planned services for the upcoming year, and the company projected modest total revenue growth of 2% to 3% for FY 2025, with GAAP EPS expected to decline by 10% to 13% [7]. Group 4: Market Reaction - Following the negative announcements, Manhattan Associates' stock price dropped approximately 24% on January 29, 2025, resulting in a loss of over $4 billion in shareholder value [8].

Core Viewpoint - A class action lawsuit has been filed against Manhattan Associates, Inc. for allegedly misleading investors about its growth potential and revenue forecasts during a specified period [1][2]. Group 1: Allegations and Company Performance - The lawsuit claims that during the class period, Manhattan Associates provided investors with optimistic statements regarding its expected revenue for fiscal year 2025, including confidence in its forecasting ability and growth potential of professional services [2]. - The complaint highlights that the company failed to disclose its actual capability to deliver reliable growth targets, suggesting that either the company was not equipped to provide such forecasts or its services were inadequate to meet those targets [2]. - On January 28, 2025, Manhattan Associates reported its financial results for Q4 and the full fiscal year 2024, announcing a reduction in revenue guidance for fiscal year 2025 due to a shift in professional services work and other factors, leading to a stock price drop of over 24% from $295.10 to $222.84 per share [3]. Group 2: Legal Proceedings and Shareholder Information - Shareholders interested in participating in the class action must file their papers by April 28, 2025, to serve as lead plaintiffs, representing other class members in the litigation [4]. - Shareholders are not required to participate in the case to be eligible for recovery, and they can choose to remain absent class members if they do not take action [4]. Group 3: Company Background - Robbins LLP, the firm leading the class action, has been focused on shareholder rights litigation since 2002, aiming to help shareholders recover losses and improve corporate governance [5].

Core Viewpoint - A class action lawsuit has been filed against Manhattan Associates, Inc. following a significant drop in its stock price after the company issued reduced revenue guidance for fiscal year 2025 [1][3]. Group 1: Lawsuit Details - The lawsuit, Timothy Prime v. Manhattan Associates, Inc., was initiated in the United States District Court for the Northern District of Georgia [1]. - Investors who purchased securities of Manhattan Associates between October 22, 2024, and January 28, 2025, are eligible to participate in the lawsuit [1][4]. Group 2: Financial Performance and Guidance - On January 28, 2025, Manhattan Associates reported its financial results for Q4 and the full fiscal year 2024, along with a lowered revenue guidance for fiscal year 2025 [3]. - The company attributed the reduced guidance to a shift in professional services work to future periods, reduced customization, and higher partner utilization [3]. Group 3: Stock Price Reaction - Following the announcement of the lowered guidance, Manhattan Associates' stock price fell from $295.10 per share on January 28, 2025, to $222.84 per share on January 29, 2025, marking a decline of approximately 24.49% in one day [3].

Core Viewpoint - The Schall Law Firm is investigating Manhattan Associates, Inc. for potential violations of securities laws related to misleading statements and inadequate disclosures to investors [1][2]. Group 1: Investigation Details - The investigation centers on whether Manhattan Associates issued false or misleading statements and failed to disclose critical information to investors [2]. - The company's Q4 2024 financial results, released on January 28, 2025, included guidance for fiscal 2025 that significantly missed market expectations, attributed to issues in its services segment and "considerable FX noise" [2]. Group 2: Investor Information - Shareholders who have experienced losses are encouraged to participate in the investigation and can contact the Schall Law Firm for a free discussion of their rights [3].

Key Metrics - Revenue for Q4 2023 was $238.3 million, up 7% from Q4 2022, and exceeded expectations [1] - Earnings per share increased to $1.03, a 14% rise compared to the previous year, also beating expectations [1] - Cloud subscription revenue reached $71.4 million, growing by 26% year over year [1] - Cash flow from operations was $88.4 million, an 18% increase from the prior year [1] Growth Outlook - The company forecasts a slowdown in sales growth to 2% to 3% for 2025, projecting revenue between $1.06 billion and $1.07 billion, which is below the Wall Street consensus of $1.1 billion [2] - Customer uncertainty regarding the economy is impacting spending plans, with about 10% of customers reducing their planned services work for 2025 [3] Cloud Transition - Manhattan Associates is transitioning its business to the cloud, with cloud subscription revenue representing 35% of total revenue and growing at a faster rate than overall revenue [4] CEO Transition - CEO Eddie Capel will retire on February 12, 2024, after serving since January 2013, and will be succeeded by Eric Clark [5] - Capel stated that the company is in a strong position for a CEO transition, but his departure adds uncertainty post-earnings [6] Market Reaction - Following the earnings report, shares fell 24% on January 29, and have declined over 40% from the day before the report to February 11 [8] - Investor expectations were high prior to the earnings report, with valuation multiples near historical highs [9] Financial Health - The company remains profitable, generating nearly $300 million in cash flow from operations in 2024, with significant cash returned to shareholders through buybacks [11]

Cloud Solutions and Software Development - Manhattan Associates offers cloud-based software solutions for supply chain, inventory, and omnichannel operations, with a focus on subscription-based SaaS delivery[15]. - The company’s Supply Chain Execution solutions optimize distribution and transportation costs, while its Warehouse Management solutions are recognized as industry-leading[16]. - Manhattan Active solutions provide quarterly updates and zero downtime, ensuring customers always operate on the latest version of the software[15]. - Manhattan's Warehouse Management Solutions (WMS) are delivered via the cloud on Google Cloud Platform, offering state-of-the-art fulfillment optimization technology[20]. - Manhattan Active Omni solutions integrate order management, store inventory fulfillment, and customer engagement tools into a single application[20]. - The company focuses on developing and enhancing software solutions, aiming to provide the broadest and most feature-rich software portfolio in the market[35]. - The company evaluates strategic acquisition opportunities to enhance and expand its offerings, targeting technologies and businesses that complement its existing solutions[38]. - The company’s business model focuses on developing and implementing complex commerce enablement software solutions to optimize supply chains and retail operations[171]. Investment and Growth Strategy - The company plans to continue investing in sales, services, and marketing across the Americas, EMEA, and APAC regions to drive growth[39]. - The company is investing in artificial intelligence, particularly generative AI, to enhance its supply chain execution and planning applications, with new capabilities expected in the coming quarters[26]. - The company may require additional capital for growth, acquisitions, or investments, influenced by various factors including product demand and competitive pressures[99]. - The company anticipates retaining all earnings and cash resources for investment in its business, including share repurchases, and does not intend to declare or pay cash dividends in the foreseeable future[163]. Financial Performance - In 2024, the company generated total revenue of $1,042.4 million, with a revenue mix of 32% from cloud subscriptions, 1% from software licenses, 13% from maintenance, 51% from services revenue, and 3% from hardware[172]. - Total revenue for 2024 was $1,042.4 million, compared to $928.7 million in 2023, reflecting solid growth[203]. - Operating income for 2024 was $261.6 million, with operating margins improving to 25.1% from 22.6% in 2023[203]. - Cloud revenue increased by 32% year-over-year, totaling $337.2 million in 2024, which is 32% of total revenue[184]. - Services revenue accounted for 51% of total revenue in 2024, totaling $525.5 million[191]. - The Americas segment generated $802.5 million in total revenue for 2024, a 12% increase from $719.2 million in 2023[206]. - EMEA segment revenue grew by 14% to $190.5 million in 2024, up from $166.6 million in 2023[206]. - APAC segment revenue increased by 15% to $49.3 million in 2024, compared to $42.9 million in 2023[206]. Employee and Workforce Management - The company employs approximately 2,750 employees in international operations as of December 31, 2024[51]. - The company has approximately 4,690 employees worldwide as of December 31, 2024, emphasizing a diverse and educated workforce[55]. - The company employs a robust in-house recruiting program focused on diverse candidate pools, including individuals with disabilities and veterans, to build a steady pipeline of talent[58]. - The company provides competitive compensation, benefits programs, and career development opportunities to attract and retain employees[59]. - The company prioritizes continuous learning and employee well-being through various programs, including free virtual mental health counseling and gym access[63]. Risks and Challenges - The company faces risks related to the use of generative AI tools, including potential operational, compliance, and legal liabilities[77]. - The company relies on third-party data centers for cloud-based solutions, which poses risks related to service interruptions and operational costs[70]. - The company faces intense competition from established players with greater resources, which could lead to pricing pressure and loss of market share[91]. - Revenue is primarily derived from supply chain cloud solutions, making the company vulnerable to adverse market conditions in this sector[92]. - The company is subject to stringent data security regulations, and any breaches could damage its reputation and financial condition[105]. - Liability for intellectual property claims could result in significant costs and negatively impact the company's business, cash flow, and financial condition[112]. - The use of open source software may expose the company to additional risks that could harm its intellectual property and financial condition[114]. - Changes in tax laws, such as the 1% excise tax on corporate stock repurchases enacted in 2022, could have a material adverse impact on the company in the future[118]. Cybersecurity Measures - The company has engaged outside independent auditors and cybersecurity service providers as part of its Cyber Program to enhance protection against cybersecurity threats[152]. - The company maintains a Cyber Program that includes a governance structure overseen by the Board Audit Committee, with quarterly updates provided to the full Board[144]. - The company has a Cybersecurity Committee that reviews risks, discusses emerging threats, and prioritizes cybersecurity efforts[146]. - The company has incorporated industry-recognized cybersecurity frameworks into its Cyber Program, including those from NIST and ISO, and continues to invest in enhancing its cybersecurity measures[148]. Market Dynamics - The retail market, the company's largest segment, is undergoing significant disruption due to digital commerce, which may lead to delayed purchase decisions from traditional retailers[88]. - The company’s future revenue is dependent on continuing sales from cloud subscriptions, which drive sales of professional services[69]. - The sales cycles for the company's products typically extend from nine to twelve months and may take up to several years, impacting revenue predictability[84]. - Lengthy and uncertain sales cycles make it difficult for the company to predict customer purchases, affecting revenue recognition and operating results[85].