Manhattan Assoc. among 5 public cos with 10 years profitability

By SiliconIndia   |   Friday, 30 May 2003, 07:00 Hrs
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ATLANTA: Manhattan Associates, Inc. (Nasdaq: MANH - News), the global leader in providing supply chain execution (SCE) solutions, today announced that Cape Horn Strategies has identified Manhattan Associates as one of only five public software companies with a recent history of 10 consecutive years or more of growth and profitability.

Brian Turchin, president and founder of Cape Horn Strategies, examined 223 of the largest public software companies and discovered that Manhattan Associates was one of the five that rose to the top, having a track record of 13 years of sustained growth and profitability. Joining Manhattan Associates on this list are Microsoft Corporation, SAP, Kronos and Business Objects.

"This study places Manhattan Associates in an elite group of technology innovators," said Richard Haddrill, president and CEO of Manhattan Associates. "This distinction is a credit to all of our dedicated employees who strive every day to make Manhattan Associates a truly great company. We will continue to work hard to provide real customer value and resulting returns to shareholders."

Manhattan Associates helps its customers in industries including retail, consumer goods, food, life sciences, high-tech, industrial wholesale, government and third party logistics to streamline their supply chain with supply chain execution solutions spanning sourcing to consumption. The Company's solution portfolio includes warehouse management, transportation management and trading partner management solutions as well as reporting and analysis tools.

"Manhattan Associates has always had an unusually insightful understanding of both its marketplace and its customer base, and this intimate knowledge has earned it market dominance along with an ability to weather the storms of economic turmoil and ever changing competition," said Turchin.

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