Manhattan Associates Files 2024 10-K

TL;DR

MANH 2024 10-K filed. Cloud subs & license revenue detailed. Check financials.

AI Summary

Manhattan Associates Inc. filed its 2024 10-K on February 7, 2025, reporting on its fiscal year ending December 31, 2024. The company, headquartered in Atlanta, GA, operates in the prepackaged software industry. Key financial data and business segments, including cloud subscriptions and license and maintenance revenue, are detailed within the filing.

Why It Matters

This filing provides a comprehensive overview of Manhattan Associates' financial performance and business operations for the fiscal year 2024, crucial for investors and stakeholders to assess the company's health and future prospects.

Risk Assessment

Risk Level: low — This is a standard annual report filing (10-K) for a publicly traded company, providing routine financial and operational disclosures.

Key Numbers

• 2024-12-31 — Fiscal Year End (Reporting period for the 10-K)
• 20250207 — Filing Date (Date the 10-K was submitted to the SEC)

Key Players & Entities

• MANHATTAN ASSOCIATES INC (company) — Filer
• 2024-12-31 (date) — Fiscal Year End
• 20250207 (date) — Filing Date
• Atlanta, GA (location) — Company Headquarters
• 7709557070 (phone_number) — Business Phone

FAQ

Key Financial Figures

• $245.12 — ed based upon a closing sales price o f $245.12 per share of the Common Stock as report

Filing Documents

• manh-20241231.htm (10-K) — 3111KB
• manh-ex21.htm (EX-21) — 20KB
• manh-ex23_1.htm (EX-23.1) — 9KB
• manh-ex31_1.htm (EX-31.1) — 15KB
• manh-ex31_2.htm (EX-31.2) — 15KB
• manh-ex32.htm (EX-32) — 11KB
• 0000950170-25-016295.txt ( ) — 11028KB
• manh-20241231.xsd (EX-101.SCH) — 1073KB
• manh-20241231_htm.xml (XML) — 2314KB

Business

Business 5 Item 1A

Risk Factors

Risk Factors 13 Item 1B Unresolved Staff Comments 23 Item 1C Cybersecurity 23 Item 2

Properties

Properties 25 Item 3

Legal Proceedings

Legal Proceedings 25 Item 4 Mine Safety Disclosures 25 PART II Item 5 Market for Registrant's Common Equity, Related Shareholder Matters, and Issuer Purchases of Equity Securities 26 Item 6 [Reserved] 26 Item 7

Management's Discussion and Analysis of Financial Condition and Results of Operations

Management's Discussion and Analysis of Financial Condition and Results of Operations 27 Item 7A

Quantitative and Qualitative Disclosures About Market Risk

Quantitative and Qualitative Disclosures About Market Risk 39 Item 8

Financial Statements and Supplementary Data

Financial Statements and Supplementary Data 41 Item 9 Changes in and Disagreements with Accountants on Accounting and Financial Disclosure 66 Item 9A

Controls and Procedures

Controls and Procedures 66 Item 9B Other Information 66 Item 9C Disclosure Regarding Foreign Jurisdictions that Prevent Inspections 66 PART III Item 10 Directors, Executive Officers and Corporate Governance 67 Item 11

Executive Compensation

Executive Compensation 67 Item 12

Security Ownership of Certain Beneficial Owners and Management and Related Shareholder Matters

Security Ownership of Certain Beneficial Owners and Management and Related Shareholder Matters 67 Item 13 Certain Relationships and Related Transactions, and Director Independence 67 Item 14 Principal Accountant Fees and Services 67 PART IV Item 15 Exhibits 68 Item 16 Form 10-K Summary 68 Exhibit Index 69

Forward-Looking Statements

Forward-Looking Statements Certain statements contained in this filing are "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995, including but not limited to statements related to expectations about global macroeconomic trends and industry developments, plans for future business development activities, anticipated costs of revenues, product mix and service revenues, research and development, selling, general and administrative activities, and liquidity and capital needs and resources. When used in this Annual Report, on Form 10-K (this "Form 10-K") the words "may," "expect," "forecast," "anticipate," "intend," "plan," "design", "believe," "could," "seek," "estimate," "project," and similar expressions are generally intended to identify forward-looking statements. Undue reliance should not be placed on these forward-looking statements, which reflect opinions only as of the date of this Form 10-K. Such forward-looking statements are subject to risks, uncertainties, and other factors that could cause actual results to differ materially from future results expressed or implied by such forward-looking statements. Investors are cautioned that 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. Some of the factors that could cause actual results to differ materially from the results discussed in forward-looking statements include: ongoing disruption and transformation in our vertical markets; general economic, political and market conditions, including interest and inflation rates, trends and fluctuations of each, and efforts to control them; our ability to attract and retain highly skilled employees; competition; our dependence on a single line of business; our dependence on generating revenue from cloud subscriptions and software licenses to drive b

Business

Item 1. Business Overview Manhattan Associates was founded in 1990 in Manhattan Beach, California and incorporated in Georgia in 1998. References in this filing to the "Company," "Manhattan," "Manhattan Associates," "we," "our" and "us" refer to Manhattan Associates, Inc., our predecessors, and our wholly-owned and consolidated subsidiaries. Our principal executive offices are located at 2300 Windy Ridge Parkway, Tenth Floor, Atlanta, Georgia 30339, and our telephone number is 770-955-7070. We develop, sell, deploy, service and maintain software solutions designed to manage supply chains, inventory and omnichannel operations for retailers, wholesalers, manufacturers, logistics providers and other organizations. Our customers include many of the world's premier and most profitable brands. We run our Manhattan Active applications in the cloud and deliver them as subscription-based software as a service (SaaS), and its architecture is highly differentiated among enterprise application providers, particularly within the Omni Channel and Supply Chain categories. We believe our application architecture delivers a versionless yet highly extensible experience for our customers. We offer our customers access to new innovation on a quarterly basis, ensuring all customers are running on a single fully up-to-date codebase. Manhattan Active also provides zero downtime updates, so we are able to deliver innovation seamlessly into customer environments without the need for planned maintenance windows. Manhattan Associates develops modern commerce solutions that help its customers in three distinct areas of their business: Supply Chain Execution - We provide companies the tools needed to manage distribution and optimize transportation costs throughout their entire commercial network. Manhattan's Warehouse Management solutions are widely regarded as industry-leading systems designed to optimize productivity and throughput in distribution centers and warehouses around the w

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View this 10-K filing on SEC EDGAR