MANH INVESTORS: Kirby McInerney LLP Reminds Manhattan Associates, Inc. Investors of Important Deadline and Encourages Investors to Contact the Firm

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 announcement of reduced revenue guidance for fiscal year 2025 [1][3][4]. Group 1: Lawsuit Details - The class action lawsuit is filed in the U.S. District Court for the Northern District of Georgia on behalf of investors who acquired Manhattan securities from October 22, 2024, to January 28, 2025 [1]. - Investors have until April 28, 2025, to apply to be appointed as lead plaintiff in the lawsuit [1]. Group 2: Financial Performance - On January 28, 2025, Manhattan reported its financial results for Q4 and the full fiscal year 2024, along with a reduced revenue guidance for 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, which led to a share price decline of $72.26, or approximately 24%, from $295.10 to $222.84 [3]. Group 3: Allegations - The complaint alleges that throughout the class period, Manhattan failed to disclose its true forecasting capabilities for professional services, indicating that the company was either not equipped to deliver responsible growth targets or its services were inadequate to achieve such targets [4].