Manhattan Associates Reports Record Second Quarter 2013 Revenue and Earnings

Manhattan Associates Reports Record Second Quarter 2013 Revenue and Earnings

Company Raises Full-Year EPS Guidance

ATLANTA, July 23, 2013 (GLOBE NEWSWIRE) -- Leading Supply Chain Commerce
Solutions provider Manhattan Associates, Inc. (Nasdaq:MANH) today reported
record second quarter 2013 non-GAAP adjusted diluted earnings per share of
$0.96 compared to $0.76 in the second quarter of 2012, on license revenue of
$16.1 million and record second quarter total revenue of $102.5 million. GAAP
diluted earnings per share for the second quarter was a record $0.89 compared
to $0.70 in the prior year second quarter.

"We are very pleased to post another strong quarter of financial results and
operating metrics, and while it remains somewhat difficult to predict the
effect of the tepid global economy, we are optimistic about our outlook for
the balance of 2013 and beyond," said Eddie Capel, Manhattan Associates
President and CEO. "Our competitive win rates remain strong and we continue to
invest in our Supply Chain Commerce vision, leveraging our common technology
platform to help industry leaders get closer to their customers and adapt in
the new omni-channel world. We are also quite pleased with demand for our
omni-channel solutions and continue to deliver innovative solutions to extend
our market leadership."

SECOND QUARTER 2013 FINANCIAL SUMMARY:

  *Adjusted diluted earnings per share, a non-GAAP measure, was $0.96 in the
    second quarter of 2013, compared to $0.76 in the second quarter of 2012.
    
  *GAAP diluted earnings per share was $0.89 in the second quarter of 2013,
    compared to $0.70 in the second quarter of 2012.
    
  *Consolidated total revenue was $102.5 million in the second quarter of
    2013, compared to $93.6 million in the second quarter of 2012. License
    revenue was $16.1 million in the second quarter of 2013, compared to $15.3
    million in the second quarter of 2012.
    
  *Adjusted operating income, a non-GAAP measure, was $28.3 million in the
    second quarter of 2013, compared to $23.3 million in the second quarter of
    2012.
    
  *GAAP operating income was $26.2 million in the second quarter of 2013,
    compared to $21.3 million in the second quarter of 2012.
    
  *Cash flow from operations was $13.6 million in the second quarter of 2013,
    compared to $20.9 million in the second quarter of 2012. Days Sales
    Outstanding was 61 days at June 30, 2013, compared to 56 days at March 31,
    2013.
    
  *Cash and investments on-hand were $106.5 million at June 30, 2013,
    compared to $108.5 million at March 31, 2013.
    
  *During the three months ended June 30, 2013, the Company repurchased
    196,188 shares of Manhattan Associates common stock under the share
    repurchase program authorized by the Board of Directors, for a total
    investment of $14.4 million. In July 2013, the Board of Directors approved
    raising the Company's share repurchase authority to an aggregate of $50.0
    million of the Company's outstanding common stock.

SIX MONTH 2013 FINANCIAL SUMMARY:

  *Adjusted diluted earnings per share, a non-GAAP measure, was $1.70 for the
    six months ended June 30, 2013, compared to $1.36 for the six months ended
    June 30, 2012.
    
  *GAAP diluted earnings per share for the six months ended June 30, 2013 was
    $1.57, compared to $1.25 for the six months ended June 30, 2012.
    
  *Consolidated revenue for the six months ended June 30, 2013 was $199.1
    million, compared to $185.0 million for the six months ended June 30,
    2012. License revenue was $30.4 million for the six months ended June 30,
    2013, compared to $30.9 million for the six months ended June 30, 2012.
    
  *Adjusted operating income, a non-GAAP measure, was $49.9 million for the
    six months ended June 30, 2013, compared to $42.9 million for the six
    months ended June 30, 2012.
    
  *GAAP operating income was $45.8 million for the six months ended June 30,
    2013, compared to $39.3 million for the six months ended June 30, 2012.
    
  *During the six months ended June 30, 2013, the Company repurchased 421,820
    shares of Manhattan Associates common stock under the share repurchase
    program authorized by the Board of Directors, for a total investment of
    $30.3 million.

SALES ACHIEVEMENTS:

  *Four contracts of $1.0 million or more in recognized license revenue
    during the second quarter of 2013, resulting in a total of seven contracts
    of $1.0 million or more in recognized license revenue for the six months
    ended June 30, 2013.
    
  *Completing software license wins with new customers such as: ERAM, Lilly
    Pulitzer, MSC Industrial Direct, PriceSmart, Queensland Health and Team
    Hardinger.
    
  *Expanding relationships with existing customers such as: Alliant
    Techsystems, American Eagle Outfitters, Bed Bath & Beyond, Belk, B & R
    Enclosures, Cabela's, Celadon, COI DE Tampico, Cotton On Group, DHL Supply
    Chain, Exel, Fasteners for Retail, Guess?, Holiday Classic, Legacy Supply
    Chain, Logix FZCO, Michael Kors, May's Zona Libra, Northern Safety,
    Panalpina, Pearson Education, Pro Silver, PUMA, Shanghai Pharmaceutical,
    The Harvard Drug Group, The Jones Group, Tory Burch and United
    Distributors.

2013 GUIDANCE

Manhattan Associates provides the following revenue and diluted earnings per
share guidance for the full year 2013:

                                                                      
                                      Guidance Range - 2013 Full Year
($'s in millions, except EPS)          $ Range        % Growth Range
                                                           
                                                           
Total revenue - current guidance       $407    $415   8%       10%
Total revenue - previous guidance      $410    $415   9%       10%
                                                           
Diluted earnings per share (EPS):                           
Adjusted EPS^(1) - current guidance    $3.37   $3.45  20%      22%
GAAP EPS - current guidance            $3.07   $3.15  20%      23%
                                                           
Adjusted EPS^(1) - previous guidance   $3.21   $3.27  14%      16%
GAAP EPS - previous guidance           $2.91   $2.97  14%      16%
                                                           
^(1) Adjusted EPS is a Non-GAAP
measure which excludes the impact of                        
equity-based compensation
                                                                         

Manhattan Associates currently intends to publish, in each quarterly earnings
release, certain expectations with respect to future financial performance.
Those statements, including the guidance provided above, are forward-looking.
Actual results may differ materially, especially in the current uncertain
economic environment. Those statements, including the guidance provided above,
do not reflect the potential impact of mergers, acquisitions or other business
combinations that may be completed after the date of the release.

Manhattan Associates will make its earnings release and published expectations
available on its website (www.manh.com). Beginning September 16, 2013,
Manhattan Associates will observe a "Quiet Period" during which Manhattan
Associates and its representatives will not comment concerning previously
published financial expectations. Prior to the start of the Quiet Period, the
public can continue to rely on the expectations published in this 2013
Guidance section as being Manhattan Associates' current expectation on matters
covered, unless Manhattan Associates publishes a notice stating otherwise.
During the Quiet Period, previously published expectations should be
considered historical only, speaking only as of or prior to the Quiet Period,
and Manhattan Associates disclaims any obligation to update any previously
published financial expectations during the Quiet Period. The Quiet Period
will extend until publication of Manhattan Associates' next quarterly earnings
release, currently scheduled for the third full week of October 2013.

CONFERENCE CALL

The Company's conference call regarding its second quarter and six months
ended June 30, 2013 financial results will be held today, Tuesday July 23,
2013 at 4:30 p.m. Eastern Time. Investors are invited to listen to a live
webcast of the conference call through the investor relations section of
Manhattan Associates' website at www.manh.com. To listen to the live webcast,
please go to the website at least 15 minutes before the call to download and
install any necessary audio software.

For those who cannot listen to the live broadcast, a replay can be accessed
shortly after the call by dialing +1.800.585.8367 in the U.S. and Canada, or
+1.404.537.4306 outside the U.S., and entering the conference identification
number 13192191 or via the web at www.manh.com. The phone replay will be
available for two weeks after the call, and the Internet webcast will be
available until Manhattan Associates' third quarter 2013 earnings release.

GAAP VERSUS NON-GAAP PRESENTATION

The Company provides adjusted operating income, adjusted net income and
adjusted earnings per share in this press release as additional information
regarding the Company's operating results. These measures are not in
accordance with – or an alternative to – GAAP, and may be different from
non-GAAP operating income, non-GAAP net income and non-GAAP earnings per share
measures used by other companies. The Company believes that the presentation
of these non-GAAP financial measures facilitates investors' ability to
understand and compare the Company's results and guidance, because the
measures provide important supplemental information in evaluating the
operating results of its business, as distinct from results that include items
that are not indicative of ongoing operating results, and because the
Company's competitors and peers typically publish similar non-GAAP measures.
This release should be read in conjunction with the Company's Form 8-K
earnings release filing for the quarter and six months ended June 30, 2013.

The non-GAAP adjusted operating income, adjusted net income and adjusted
earnings per share exclude the impact of acquisition-related costs and the
amortization thereof and equity-based compensation – all net of income tax
effects. Reconciliations of the Company's GAAP financial measures to non-GAAP
adjustments are included in the supplemental information attached to this
release.

ABOUT MANHATTAN ASSOCIATES, INC.

Manhattan Associates, Inc. brings companies closer to their customers. As the
leading enabler of Supply Chain Commerce, Manhattan Associates designs, builds
and delivers market-leading supply chain solutions for its customers around
the world. Manhattan Associates helps drive the commerce revolution with
unmatched insight and technology solutions, connecting front-end revenue and
relationships with back-end execution and efficiency –optimized on a common
technology platform. For more information, please visit www.manh.com. 

This press release contains "forward-looking statements" relating to Manhattan
Associates, Inc. Forward-looking statements in this press release include the
information set forth under "2013 Guidance."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. Among the important factors that could cause actual results to
differ materially from those indicated by such forward-looking statements are:
uncertainty about the global economy; delays in product development;
competitive pressures; software errors; and the additional risk factors set
forth in Item 1A of the Company's Annual Report on Form 10-K for the year
ended December 31, 2012. 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.

MANHATTAN ASSOCIATES, INC. AND SUBSIDIARIES
Condensed Consolidated Statements of Income
(in thousands, except per share amounts)
                                                              
                        Three Months Ended June 30, Six Months Ended June 30,
                        2013          2012          2013         2012
                        (unaudited)
Revenue:                                                       
Software license        $16,136     $15,345     $30,381    $30,932
Services                78,203        69,322        153,090     139,692
Hardware and other      8,177         8,900         15,646      14,424
Total revenue           102,516       93,567        199,117     185,048
Costs and expenses:                                           
Cost of license         1,937         1,488         3,715       3,265
Cost of services        35,058        30,322        70,104      62,032
Cost of hardware and     7,023         7,540         13,237      11,988
other
Research and             11,032        10,802        22,508      22,353
development
Sales and marketing     11,888        11,415        23,322      23,818
General and              7,932         9,240         17,440      19,548
administrative
Depreciation and         1,459         1,418         2,943       2,762
amortization
Total costs and          76,329        72,225        153,269     145,766
expenses
Operating income         26,187       21,342       45,848      39,282
Other income, net        1,243        802          1,394       678
Income before income     27,430        22,144        47,242      39,960
taxes
Income tax provision     10,023        7,972        16,480      14,386
Net income               $17,407     $14,172     $30,762    $25,574
                                                              
Basic earnings per share $0.91       $0.72       $1.60      $1.29
Diluted earnings per     $0.89       $0.70       $1.57      $1.25
share
                                                              
Weighted average number                                        
of shares:
Basic                    19,222       19,765       19,274      19,834
Diluted                  19,509       20,351       19,597      20,494


MANHATTAN ASSOCIATES, INC. AND SUBSIDIARIES
Reconciliation of Selected GAAP to Non-GAAP Measures
(in thousands, except per share amounts)
                                                              
                       Three Months Ended June 30,  Six Months Ended June 30,
                       2013           2012          2013         2012
                                                              
Operating income        $26,187      $21,342     $45,848    $39,282
Equity-based            2,133         1,977        4,040       3,637
compensation ^(a)
Purchase amortization   1             1            3           3
^(b)
Adjusted operating      $28,321      $23,320     $49,891    $42,922
income (Non-GAAP)
                                                              
                                                              
Income tax provision    $10,023      $7,972      $16,480    $14,386
Equity-based            751           711          1,422       1,309
compensation ^(a)
Purchase amortization   --           --          1           1
^(b)
Adjusted income tax     $10,774      $8,683      $17,903    $15,696
provision (Non-GAAP)
                                                              
                                                              
Net income              $17,407      $14,172     $30,762    $25,574
Equity-based            1,382         1,266        2,618       2,328
compensation ^(a)
Purchase amortization   1             1            2           2
^(b)
Adjusted net income     $18,790      $15,439     $33,382    $27,904
(Non-GAAP)
                                                              
                                                              
Diluted EPS             $0.89        $0.70       $1.57      $1.25
Equity-based            0.07          0.06         0.13        0.11
compensation ^(a)
Purchase amortization   --           --          --         --
^(b)
Adjusted diluted EPS    $0.96        $0.76       $1.70      $1.36
(Non-GAAP)
                                                              
Fully diluted shares    19,509        20,351       19,597      20,494
                                                              
                                                              
^(a) To be consistent with other companies in the software industry, we began
to report adjusted results excluding all equity-based compensation.The
equity-based compensation is included in the following GAAP operating expense
lines for the three and six months ended June 30, 2013 and 2012:
                       Three Months Ended June 30,  Six Months Ended June 30,
                       2013           2012          2013         2012
                                                              
Cost of services        $329         $309        578         $185
Research and            257           416          555         699
development
Sales and marketing     535           517          1,047       1,150
General and             1,012         735          1,860       1,603
administrative
Total equity-based      $2,133       $1,977      4,040       $3,637
compensation
                                                              
^(b) Adjustments represent purchased intangibles amortization from prior
acquisitions.Such amortization is commonly excluded from GAAP net income by
companies in our industry and we therefore exclude these amortization costs to
provide more relevant and meaningful comparisons of our operating results to
that of our competitors.


MANHATTAN ASSOCIATES, INC. AND SUBSIDIARIES
Condensed Consolidated Balance Sheets
(in thousands, except share and per share data)
                                                           
                                              June 30, 2013 December 31, 2012
                                              (unaudited)   
ASSETS                                                      
Current Assets:                                             
Cash and cash equivalents                      $98,623     $96,737
Short-term investments                         7,887        6,310
Accounts receivable, net of allowance of
$5,262 and $6,235 in 2013 and 2012,            68,469       62,102
respectively
Deferred income taxes                          6,915        7,787
Prepaid expenses and other current assets      8,456        8,571
Total current assets                           190,350      181,507
                                                           
Property and equipment, net                    14,169       15,650
Goodwill, net                                  62,262       62,265
Deferred income taxes                          678          732
Other assets                                   1,382        1,659
Total assets                                   $268,841    $261,813
                                                           
                                                           
LIABILITIES AND SHAREHOLDERS' EQUITY                        
                                                           
Current liabilities:                                        
Accounts payable                               $7,380      $10,229
Accrued compensation and benefits              14,699       16,720
Accrued and other liabilities                  9,754        12,233
Deferred revenue                               54,494       47,935
Income taxes payable                           4,482        4,024
Total current liabilities                      90,809       91,141
                                                           
Other non-current liabilities                  10,626       9,163
                                                           
Shareholders' equity:                                       
Preferred stock, no par value; 20,000,000
shares authorized, no shares issued or         --          --
outstanding in 2013 and 2012
Common stock, $.01 par value; 100,000,000
shares authorized; 19,308,861 and 19,620,967   193          196
shares issued and outstanding atJune 30, 2013
and December 31, 2012, respectively
Retained earnings                              174,768      166,016
Accumulated other comprehensive loss           (7,555)      (4,703)
Total shareholders' equity                     167,406      161,509
Total liabilities and shareholders' equity     $268,841    $261,813


MANHATTAN ASSOCIATES, INC. AND SUBSIDIARIES
Condensed Consolidated Statements of Cash Flows
(in thousands)
                                                    
                                                    Six Months Ended June 30,
                                                    2013         2012
                                                    (unaudited)
Operating activities:                                            
Net income                                           $30,762    $25,574
Adjustments to reconcile net income to net cash                  
provided by operating activities:
Depreciation and amortization                        2,943       2,762
Equity-based compensation                            4,040       3,637
Loss (gain) on disposal of equipment                 1           (3)
Tax benefit of stock awards exercised/vested        4,987       4,981
Excess tax benefits from equity-based compensation   (4,874)     (4,062)
Deferred income taxes                                2,265       2,461
Unrealized foreign currency (gain) loss              (372)       173
Changes in operating assets and liabilities:                     
Accounts receivable, net                             (6,971)     (8,206)
Other assets                                         227         650
Accounts payable, accrued and other liabilities      (7,341)     (4,056)
Income taxes                                         887         7,163
Deferred revenue                                     7,142       2,876
Net cash provided by operating activities            33,696      33,950
                                                                
Investing activities:                                            
Purchase of property and equipment                   (1,633)     (3,250)
Net (purchases) maturities of investments           (2,055)     1,223
Net cash used in investing activities                (3,688)     (2,027)
                                                                
Financing activities:                                            
Purchase of common stock                             (34,902)    (50,235)
Proceeds from issuance of common stock from options  3,861       17,933
exercised
Excess tax benefits from equity-based compensation   4,874       4,062
Net cash used in financing activities                (26,167)    (28,240)
                                                                
Foreign currency impact on cash                      (1,955)     (771)
                                                                
Net change in cash and cash equivalents              1,886       2,912
Cash and cash equivalents at beginning of period     96,737      92,180
Cash and cash equivalents at end of period           $98,623    $95,092

                                                                                     
MANHATTAN ASSOCIATES, INC.                                                                                   
SUPPLEMENTAL INFORMATION                                                                                    
                                                                                    
1. GAAP and Adjusted earnings per share by quarter are as follows:                                         
                                                                                    
                  2012                                                2013
                  1st Qtr   2nd Qtr    3rd Qtr   4th Qtr   Full Year  1st Qtr   2nd Qtr    YTD
GAAP Diluted EPS   $0.55   $0.70    $0.69   $0.63   $2.56    $0.68   $0.89    $1.57
Adjustments to                                                                       
GAAP:
Equity-based       0.05     0.06      0.07     0.08     0.26      0.06     0.07      0.13
compensation
Purchase           --      --       --      --      --       --      --       --
amortization
Adjusted Diluted   $0.60   $0.76    $0.75   $0.71   $2.82    $0.74   $0.96    $1.70
EPS
                                                                                    
2. Revenues and operating income by reportable segment are as follows (in thousands):                     
                                                                                    
                  2012                                                2013
                  1st Qtr   2nd Qtr    3rd Qtr   4th Qtr   Full Year  1st Qtr   2nd Qtr    YTD
Revenue:                                                                             
Americas           $73,195 $77,094  $79,657 $77,646 $307,592 $79,820 $83,600  $163,420
EMEA               12,407   12,334    10,589   11,808   47,138    11,431   11,964    23,395
APAC               5,879    4,139     5,595    5,905    21,518    5,350    6,952     12,302
                  $91,481 $93,567  $95,841 $95,359 $376,248 $96,601 $102,516 $199,117
                                                                                    
GAAP Operating                                                                       
Income:
Americas           $13,685 $18,130  $17,718 $15,984 $65,517  $16,964 $21,256  $38,220
EMEA               2,580    2,944     2,707    1,494    9,725     1,753    2,736     4,489
APAC               1,675    268       1,252    1,636    4,831     944      2,195     3,139
                  $17,940 $21,342  $21,677 $19,114 $80,073  $19,661 $26,187  $45,848
                                                                                    
Adjustments                                                                          
(pre-tax):
Americas:                                                                            
Equity-based       $1,660  $1,977   $2,158  $2,543  $8,338   $1,907  $2,133   $4,040
compensation
Purchase           2        1         2        1        6         2        1         3
amortization
                  $1,662  $1,978   $2,160  $2,544  $8,344   $1,909  $2,134   $4,043
                                                                                    
                                                                                    
Adjusted non-GAAP Operating                                                           
Income:
Americas           $15,347 $20,108  $19,878 $18,528 $73,861  $18,873 $23,390  $42,263
EMEA               2,580    2,944     2,707    1,494    9,725     1,753    2,736     4,489
APAC               1,675    268       1,252    1,636    4,831     944      2,195     3,139
                  $19,602 $23,320  $23,837 $21,658 $88,417  $21,570 $28,321  $49,891
                                                                                    
3. Our services revenue consists of fees generated from professional services and customer support and
software enhancements related to our software products as follows (in thousands):

                  2012                                                2013                                 
                  1st Qtr   2nd Qtr    3rd Qtr   4th Qtr   Full Year  1st Qtr   2nd Qtr    YTD
Professional       $46,621 $45,497  $47,082 $46,042 $185,242 $49,151 $52,492  101,643
services
Customer support
and software       23,749   23,825    24,804   26,252   98,630    25,736   25,711    51,447
enhancements
Total services     $70,370 $69,322  $71,886 $72,294 $283,872 $74,887 $78,203  $153,090
revenue
                                                                                    
4. Hardware and other revenue includes the following items (in thousands):                                
                  2012                                                2013
                  1st Qtr   2nd Qtr    3rd Qtr   4th Qtr   Full Year  1st Qtr   2nd Qtr    YTD
                                                                                    
Hardware revenue   $3,054  $5,740   $4,234  $5,242  $18,270  $4,175  $4,285   $8,460
Billed travel      2,470    3,160     3,557    3,425    12,612    3,294    3,892     7,186
Total hardware and $5,524  $8,900   $7,791  $8,667  $30,882  $7,469  $8,177   $15,646
other revenue
                                                                                    
5. Impact of Currency                                                                 
Fluctuation
The following table reflects the increases (decreases) in the results of operations for each period
attributable to the change in foreign currency exchange rates from the prior period as well as foreign
currency gains (losses) included in other income, net for each period (in thousands):
                                                                                    
                  2012                                                2013
                  1st Qtr   2nd Qtr    3rd Qtr   4th Qtr   Full Year  1st Qtr   2nd Qtr    YTD
                                                                                    
Revenue            $(136)  $(1,251) $(958)  $(128)  $(2,473) $(182)  $(150)   $(332)
Costs and expenses (848)    (2,067)   (1,845)  (422)    (5,182)   (541)    (262)     (803)
Operating income   712      816       887      294      2,709     359      112       471
Foreign currency
(losses) gains in  (370)    571       (564)    231      (132)     (179)    972       793
other income
                  $342    $1,387   $323    $525    $2,577   $180    $1,084   $1,264
                                                                                    
Manhattan Associates has a large research and development center in Bangalore, India.The following
table reflects the increases (decreases) in the financial results for each period attributable to
changes in the Indian Rupee exchange rate (in thousands):
                  2012                                                2013
                  1st Qtr   2nd Qtr    3rd Qtr   4th Qtr   Full Year  1st Qtr   2nd Qtr    YTD
                                                                                    
Operating income   $704    $1,193   $1,161  348      $3,406   $440    $173     $613
Foreign currency
(losses) gains in  (144)    724       (500)    282      362       4        931       935
other income
Total impact of
changes in the     $560    $1,917   $661    $630    $3,768   $444    $1,104   $1,548
Indian Rupee
                                                                                    
6. Other (loss) income includes the following components (in thousands):                                      
                                                                                    
                  2012                                                2013
                  1st Qtr   2nd Qtr    3rd Qtr   4th Qtr   Full Year  1st Qtr   2nd Qtr    YTD
                                                                                    
Interest income    $264    $228     $278    $292    $1,062   $326    $271     $597
Foreign currency   (370)    571       (564)    231      (132)     (179)    972       793
(losses) gains
Other
non-operating      (18)     3         39       11       35        4        --        4
(expense) income
Total other (loss) $(124)  $802     $(247)  $534    $965     $151    $1,243   $1,394
income
                                                                                    
7. Total equity-based compensation is as follows (in thousands except per share amounts):
                                                                                    
                  2012                                                2013
                  1st Qtr   2nd Qtr    3rd Qtr   4th Qtr   Full Year  1st Qtr   2nd Qtr    YTD
                                                                                    
Stock options      $120    $140     $138    $223    $621     $148    $11      $159
Restricted stock   1,540    1,837     2,020    2,320    7,717     1,759    2,122     3,881
Total equity-based 1,660    1,977     2,158    2,543    8,338     1,907    2,133     4,040
compensation
Income tax         598      711       777      942      3,028     671      751       1,422
provision
Net income         $1,062  $1,266   $1,381  $1,601  $5,310   $1,236  $1,382   $2,618
Diluted earnings   $0.05   $0.06    $0.07   $0.08   $0.26    $0.06   $0.07    $0.13
per share
                                                                                    
Diluted earnings
per share - stock  $0.00   $--     $--    $0.01   $0.02    $--    $--     $0.01
options
Diluted earnings
per share -        $0.05   $0.06    $0.07   $0.07   $0.24    $0.06   $0.07    $0.13
restricted stock
                                                                                    
8. Capital expenditures are as follows (in thousands):                                                      
                                                                                    
                  2012                                                2013
                  1st Qtr   2nd Qtr    3rd Qtr   4th Qtr   Full Year  1st Qtr   2nd Qtr    YTD
                                                                                    
Capital            $1,796  $1,454   $1,086  $3,537  $7,873   $598    $1,035   $1,633
expenditures
                                                                                    
9. Stock Repurchase Activity (in thousands):                                                                 
                                                                                    
                  2012                                                2013
                  1st Qtr   2nd Qtr    3rd Qtr   4th Qtr   Full Year  1st Qtr   2nd Qtr    YTD
                                                                                    
Shares purchased
under              653      346       419      527      1,945     226      196       422
publicly-announced
buy-back program
Shares withheld
for taxes due upon 66       3         5        4        78        70       1         71
vesting of
restricted stock
Total shares       719      349       424      531      2,023     296      197       493
purchased
                                                                                    
Total cash paid
for shares
purchased under    $30,647 $16,616  $21,202 $31,223 $99,688  $15,929 $14,409  $30,338
publicly-announced
buy-back program
Total cash paid
for shares
withheld for taxes 2,840    132       230      265      3,467     4,545    19        4,564
due upon vesting
of restricted
stock
Total cash paid
for shares         $33,487 $16,748  $21,432 $31,488 $103,155 $20,474 $14,428  $34,902
repurchased

CONTACT: Dennis Story
         Chief Financial Officer
         Manhattan Associates, Inc.
         678-597-7115
         dstory@manh.com
        
         Will Haraway
         Director, North America Public Relations
         Manhattan Associates, Inc.
         678-597-7466
         wharaway@manh.com
 
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