Manhattan Associates Updates First Quarter 2009 Earnings Expectations

Due to a more challenging global economic environment than expected, Manhattan Associates, Inc. (Nasdaq: MANH) today lowered its first quarter adjusted earnings expectations to a range of $.05 to $.07 per share and GAAP earnings expectations to a range of $.00 to $.02 per share.

ATLANTA (April 02, 2009) –

Due to a more challenging global economic environment than expected, Manhattan Associates, Inc. (Nasdaq: MANH) today lowered its first quarter adjusted earnings expectations to a range of $.05 to $.07 per share and GAAP earnings expectations to a range of $.00 to $.02 per share. This compares with the Company’s previous adjusted EPS guidance range of $.20 to $.30 and GAAP EPS range of $.15 to $.25. Adjusted earnings per share exclude amortization of intangibles and stock-based compensation.

“While Manhattan Associates continues to extend its market advantages, on-going volatility in the global economy discouraged prospects and customers from committing capital to important initiatives to improve their supply chains. As a result, our license revenue for the quarter will likely be in the range of $4 million to $5 million, which accounts for the reduction in earnings per share to our original guidance range,” said Peter F. Sinisgalli, Manhattan’s president and CEO. “While disappointed with this result, we look forward to a more stable environment when pent up demand is freed to pursue supply chain initiatives leveraging Manhattan’s market-leading solutions.”

Manhattan Associates is scheduled to release its first quarter results on April 21 at which time it will update its guidance for full-year 2009.
About Manhattan Associates, Inc.

Manhattan Associates® continues to deliver on its 18-year heritage of providing global supply chain excellence to more than 1,200 customers worldwide that consider supply chain optimization core to their strategic market leadership. The company’s supply chain innovations include: Manhattan SCOPE(TM), a portfolio of software solutions and technology that leverages a Supply Chain Process Platform to help organizations optimise their supply chains from planning through execution; Manhattan ILS(TM), a portfolio of distribution management and transportation management solutions built on Microsoft® .NET technology; and Manhattan Carrier(TM), a suite of supply chain solutions specifically addressing the needs of the motor carrier industry. For more information, please visit www.manh.com.

This press release contains “forward-looking statements” relating to Manhattan Associates, Inc. Prospective investors are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, and that actual results may differ materially from those Contemplated by such forward-looking statements. Forward-looking statements in this press release include our projections for our first quarter 2009 results. Among the important factors that could cause actual results to differ materially from those indicated by such forward-looking statements are: the global economic downturn; disruptions in credit markets; delays in product development; competitive pressures; software errors; and additional risk factors set forth in Item 1A of the Company’s Annual Report on Form 10-K for the year ended December 31, 2008. Manhattan Associates undertakes no obligation to update or revise forward-looking statements to reflect changed assumptions, the occurrence of unanticipated events or changes in future operating results.

Source: Manhattan Associates

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