MANH - Earnings call transcript Q2 2024 | Manhattan Associates, Inc.

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Operator

Good afternoon. My name is Alicia, and I'll be your conference facilitator today. At this time, I would like to welcome everyone to the Manhattan Associates Q2 2024 Conference Call. [Operator Instructions] As a reminder, ladies and gentlemen, this call is being recorded today, July 23, 2024. I would now like to introduce you to your host, Michael [indiscernible], Head of Investor Relations of Manhattan Associates. Mr. your begin may you conference. Bayer,

Unknown Executive

turn and Great. Manhattan our everyone. to then to afternoon, XXXX Thanks, cautionary Capel, Second CEO. and review Alicia, Associates will Quarter Welcome I over good Earnings our call the language Eddie Call.

the We including we session, and forward-looking and from involve caution the that call, statements financial performance uncertainties, may the risks guarantees performance events these statements. that or contain this may future forward-looking of are of regarding differ question-and-answer projections During the make future in results Manhattan future not forward-looking Associates. our actual statements materially we

as our discussion cause I from to global report any on on Form particularly XX-K XX-Qs. report you the cause Please we our with impact Risk performance factor that our for that Associates files could Form could and XXXX provide [indiscernible] fiscal well the differ in SEC actual Factor materially results refer updates materially results projections, reports environment important differ factors the to annual our subsequent as for note to year projections. in risk Manhattan actual macro those and from

statements. We obligation no to update are these under

provide In certain financial addition, additional non-GAAP our information measures comments investors. to to include

the reconciled all non-GAAP GAAP We have accordance measures related SEC in rules. to with measures

website [indiscernible] find our earlier manh.com. at SEC on reconciliation Form and You'll X-K we the submitted today to

the Now turn call I'll over Eddie. to

Eddie Capel

half for and delivered results All Manhattan year us Thanks, and XXXX and full right. increased thanks we QX joining our financial review record Well, everyone, afternoon, second first discuss good as our quarter Mike. results. outlook.

XX% this in customers. well our Driving and $X.XX, services to earnings XX% was our all across growth teams line to of cloud And global double-digit very for geographies revenue. and our as the both XX% growth earnings per total exceeding line encompasses revenue top continue share growth million in revenue $XXX execute For expectations. increased and the XX% outperformance leverage top our adjusted to increased quarter,

While about is volatile, certainly macro Manhattan's very we're optimistic business the our environment business global remains opportunity. solid, and

customer investment omnichannel high, across widen and Demand our offerings. chain R&D and execution our solutions our are robust, continue for and satisfaction to planning, technological retail leadership our associates is supply in

RPO, leading just the to of sub-verticals the over increased wholesale Now strong billion. than of mission-critical portfolio. quarter. remains growth XX% our for are From our and resilient our pretty a retail, And solutions indicator perspective, the across diverse. solutions, cloud XX% vertical our bookings continue Demand $X.X and product in our manufacturing drive to of more across all

global grocery For deals the retailer rates fashions wellness mix remained a will sustainable include solid XX%. future And example, a others. as about new bookings opportunities on of deals construction HVAC of a chain quarter, of won and company, and Overall, competitive supply global developer refrigeration a at products, a chain, beauty manufacturer management in equipment, well a of manufacturer a retailer, apparel number global global as and timing and home win we believe and generated and basis, our certainly while mix QX to quarterly and vary a the of varied logos, breadth bookings upsells and conversions, healthy new exemplifies continue were we from net the XX% growth. cross-sells. have large for many of sales a our

that of customers. we growth provide key is combination to unparalleled our this world-class industry-leading execution The and solutions to steady and service

their their relationships and component and innovation more with customer platform cloud access native solutions solutions drive improve help of our customers, continuous clients These mission-critical revenue provide are strengthen best-of-breed our end and to success. Our key efficiency.

roster representing as demand opportunities with about also product of These of organization for the internal partners. new XX% of Manhattan potential translating record the powerful value fueling our pipeline growth growing demand solutions services us are into solid benefits as customers for well is as

Now invest few to go-lives And to we very from our economy, our we numerous QX for and growth team to the perform remain continue global opportunities. global while our services XXX drive well like the over last in continued customers. appropriately quarters, completed cautious on

customer industry-leading continuing This addressable in hiring includes the of innovation, a year. monetizing further perspective, hired remainder investments posture year-to-date enablement strategic the of hiring for members and and success new of XXX over we've plan just our From market. the expansion our on team a

the cover announcements applications. Momentum within from Customer we've just validation these get made product Turning to important in of we on been recognized May recent some I'd now But external see before third our by parties. a gratifying validation Conference, also like to products. we most few and important updates of highlight the products it some I innovation at new Certainly, is well, is the that customers, our our to

we first, of named publications. industry X of So Year by had our applications, X Innovation the

capability Supply Quadrant the of benchmark and as the the published was transportation to unifies and world. customers quick against recipient was a together Manhattan first Omni. fulfillment of and Gartner solution management most And Execution Year. allows is And of Magic This for Innovation distribution The Management part logistics new Experience dashboard, Omni an the our part physical where Fulfillment that warehouse of Active come Active mention in recently our This Insights Chain Manhattan Active of management. an a also performance group the Manhattan they Yard peers. platform released Manhattan omnichannel recently

TMS Manhattan appreciative in consecutive Magic was sixth the And Quadrant. For our serial leader leaders recognition of amongst vendors for in And Magic group in in consecutive definitive Gartner's very of a the Quadrant. the investment certainly year, Manhattan WMS was innovation. small of year, category the the we're XXth the

to couple important of turn product Now updates. a let's

AI. First, about talk generative let's

AI designing prior and been mentioned on capabilities. the initial I've generative As AI-based work have engineers of calls, and availability of generative since hard building at testing, models, course, our

on a of Generative announced AI which application, of best-in-class Omni to provides trained the our underlying data, center of API of is very X, part day the a built Manhattan is service Manhattan called particularly set first and answer Maven, agents. suited tasks platform to At gen are the applications the powerful platform, product been wide to the platform Active And automating consumer-facing technologies, we well because of AI-powered their range Manhattan the Active customer both the provided leveraging as Manhattan capabilities capabilities of form the assist they've these from first. on new ability Momentum, chatbots where because data in shines, Active underlying Maven questions. right really Active contact a Manhattan we've Active

a approach our AI. via to available our advantage in everything do an gives is it comes generative major when applications Manhattan applications everything and leveraging Literally, And API. this

Our approach the is be key one Maven API is proving to powerful. first of Active reasons very so Manhattan

where for of are Manhattan forward well. Manhattan being makes order, payments, call also gen Manhattan Manhattan Active better Active questions [indiscernible] answer delivery Manhattan orders also answering check will and is already applications. Going Maven my the change about for month across beyond debut inventory a AI-powered processed. all Active Assist, feature we better at thereafter. Active local get announced applications as that detailed this center available At and efficiency even platform its basic each methods and Maven can Momentum, agents quarter power capabilities provides stores questions Maven or enhancing better

maximum Assist's from value customers our Manhattan is focused applications. capabilities their set on platform investments first of helping get in our

to this particular objective, questions not a detailed Assist a ask now the talking enterprise cloud-native fall, and spend can minutes that business Active behavior few made to achieve relevant to about months specific of biggest like industry-leading Supply guided be configure about Momentum. the we'll releasing Manhattan users way last, our a few decade though, the to then directly the I'd Chain an of best a Planning, configuration at least screens. applications move announcement certainly how platform. be And Our to to a Coming culmination we investment back but about

we Planning from to power Chain work and enable Manhattan unification. spanning with our with Supply Active Execution, Supply will first Supply and fully transform Active the vendor Supply complete Planning substantially unified only And to cloud-first. importantly, vision Active a will customers and consistent a market the as of Manhattan cloud-native The Omni Chain that we'll our Chain be be to both of portfolio Manhattan And just solution Active brought release Chain offering, to Supply Chain Manhattan benefit Planning the Execution.

Now at case, several works unification in levels. this

the First, into a all via and of them. replenished composable products. method support application. pool sell dual set single this both of APIs allocation we disparate use using without or of vast replenishment necessitates to flow demand with enterprise businesses systems allocated one planning unify of majority distribute either systemic The all today, forecasting, for And and and see item X really inventory you

call unified and forecasts, level next proving But interesting [indiscernible]. products. use to to to form inventory, and of to it all are and because which and so of to forecast labor exciting be the For it's most our far. We this a second replenished business allocated their able from unification, our demand transportation time, customers drive forecast the to drive going enables customers actually unification, single first is a larger planning both single-demand the be customers

forecast supply our particular lane to Now a in everything outbound on able X out be transit practitioners chain achieve months between. a and are everything [indiscernible] from going transportation to

is more detailed overtime. much to this driven capacity planning labor orders meet effective and customer and enables adequate expensive And that operational labor ensuring forecast demand without

dynamically it's always sales orders enable carriers ability between got using store customers limiting efficient the Manhattan dynamic they've the and Chain optimization turning to transportation of the Chain and upon Planning process to sales On Active the for dynamic, real on rates, to collaboration in uses operating to available exact adjust whether the strategic is detailed Active often changing the market. spot based front, execution, forecast the very best capacity forecast, they in-flight more quantity transportation purchase out But they time the enable planning replenishment have latest the go and visibility, that inbound quantities Planning data. transportation to the Supply to going beyond plan an collaborate capacity based data. with order Manhattan or need Supply at and on ensure our of how

the and truly excited first a this year. very It's in we're to of kind, fall this debut the of

summary my to And then financial this I'll with our Q&A. outlook. remarks brief we update our performance a with move update. business going to concludes Now and Dennis on provide an is prepared before close you

Dennis? So

Dennis Story

Eddie. Thanks,

challenging team global has execute to well continued a in environment. Manhattan macro Our

the rule and flow. balanced basis, came of rule growth, This RPO, across across record the we strong XX, XX. earnings and performance posting QX if adjusted for as-reported revenue and at maintenance income per operating For growth On excludes results financial in an top revenue, which results includes operating line quarter, a our cloud delivered has and exceeded our normalized license of transition, the our results our revenue, cash margin share.

have or did RPO meaningful are quarter, our financial year-over-year in unless basis also FX a impact growth in not reviewing a to performance, otherwise the rates revenue on stated.

$XXX total a million, that's For the quarter, double-digit. was XX%, revenue up

compression the Excluding quarter RPO maintenance million, transition, up compared up revenue XX%. and sequentially. by was revenue, $X.X which We which removes prior XX%. was ended X% the driven our to Cloud up year our total license revenue $XX billion, the XX% and totaled up with of cloud

half we both first are end into was This of from hit quarter and our future partially On ability Active some guidance. pipeline a sales RPO the goals. record by XXXX and performance confident high of by products. adjusted to driven entering from solid Manhattan deals basis, FX across transactions of customers end. was our pushing RPO will are at an Growth highlighted, in suite existing our bookings a second and mix of as half periods And track healthy our the our Eddie towards new with offset

operating $XX delivered services revenue as record adjusted with in Manhattan. teams up million, XX% of Adjusted This expectations for cloud revenue sales to was $XXX XX%. growth fuel with up global Our our operating was margin continue totaling million, line XX%. services, profit

basis This year-over-year. is up XXX points

cloud cloud continues and driven Our operating revenue growth, scale. to performance was services leverage by business our strong as combined with

sustainable long-term we and to very in discussed, innovation our on to are Importantly, growth. Eddie drive invest opportunity business optimistic as continue

We up QX per XX% share GAAP and delivered to earnings up $X.XX, per earnings adjusted Turning $X.XX, of XX%. share per of share. earnings

$XXX $XX resulted Moving in XX% up the in cash. This operating quarter. is due cash million. to flow free to increased Year-to-date, taxes and QX cash XX% our The in flow operating margin difference cash a paid to to EBITDA flow XX% margin. adjusted million cash XX% is solid $XX million.

Regarding cash increased $XXX the $XXX deferred We debt. the quarter with revenue million. sheet, total ended and million balance to XX% zero in

year-to-date. quarter, million Accordingly, of we strong in million in and leveraged Also, the $XXX share replenishment our the buybacks repurchase authority. repurchases million position share invested our $XX Board our resulting approved cash $XX in in has

quarter. our metrics associates summary, covers in the key double-digit returns on QX that the delivered XX So which

Now guidance. on to our updated XXXX

investment mentioned, enterprise top sustainable important consistently deliver we These margins to and our operating to SaaS as earnings to growth is balanced and As quartile in again on With per be share can comps. growth are solid return first a top approach our which release. financial margin best-in-class and operating half performance, double-digit our objective found line revenue, raising today's are drivers we maintain our profitability. invested benchmarked XXXX against capital earnings guidance,

of We RPO billion. XXXX are range also our $X.XX reiterating and midpoint target

value nonlinear any large noted the with in which that, lastly, bookings RPO, to revenue calls, billion, update to to our of representing bookings year. With outlook is our $X.XXX all-in. earnings XXXX, maintenance lumpiness by and on the license prior we prior favorably on quarter, relative we potentially previously billion annual midpoint growth, the XX% total our performance our for $X.XXX billion excluding basis. cause number noted, And and throughout is expect can close and As year of or comparing an full $X.XX deals outlook objective impacted and RPO the on as XX%

QX, accounting are $XXX total of revenue million million $XXX targeting retail we seasonality. peak For to for

For million. a we're targeting of $XXX QX, midpoint

size from given our point margin, to Eddie which opportunity, in operating headwind to XXX our our attrition and maintenance of increasing to midpoint demand And XX.X% and revenue our basis we license midpoint XX.X%, we business. invest cloud. of adjusted combination of For from includes highlighted, our continue the as the are prior a

targeting XX.X% and seasonality are peak adjusted we midpoint, for accounting XX.X% in the margin QX At operating of retail of QX.

per peak in $X.XX, is from increasing per Our a share our full earnings of $X.XX accounting of $X.XX up by $X.XX. quarterly Similarly, share $X targeting per increases midpoint seasonality to QX share, retail are year adjusted midpoint to we for our $X.XX and earnings basis, prior On of earnings X% by QX. $X.XX. GAAP for

we GAAP QX, of targeting are For per earnings $X.XX. share

additional are details outlook. some Here XXXX on our

revenue $XX $XXX.X in QX. targeting our basis, increasing On are QX quarterly million, cloud a $XX million are midpoint XX% in million We to growth. representing we and

midpoint services go-lives several deal of to Due retail our $XXX a lower we basis, representing XX% of and to $X and with peak million million On seasonality targeting QX timing quarterly million the million $XXX project pushes, for $XXX $XXX growth. we million are slightly QX. $XXX to forecast by million, revenue tweaking accounted the are services in

a For upticks maintenance, decline. our midpoint to $XXX million, represents X% which

in in On targeting a million and $XX quarterly basis, are million QX. $XX we QX

we consolidated For of margin for points services maintenance basis subscription, the year. improvement and XXX margin, are targeting

rate XX.X our XX.X% and million no share we which and Finally, be shares, QX tax be diluted activity. expect our buyback QX for count to assumes to

back financial the covers I'll to turn that Eddie. it So update.

Eddie Capel

Okay. we're Thanks, second Well, results. pleased very our Dennis. It's half terrific. first with and certainly our quarter

that there's are to clearly, appropriately that the no continue we And this business conditions but on very doubt little there. more usually choppiness out our quarter course, we Of experienced be do, we fundamentals solid. than volatile are cautious macro a

very We a certainly be entered market continue and opportunity position optimistic strength. of the we second our expanding to XXXX of half from about

joining So customers in call, work they doing you all thank everybody our the we for and global are team to there our the for the field. great thank out for that

take to we'd our And happy concludes that any prepared Alicia, So be remarks. questions.

Operator

[Operator question is Terry Truist Tillman Instructions] from with Our first Securities.

Terrell Tillman

X.X congratulations, I'm ask say X questions. on It's questions to especially operating and little a and would profit. different I here guess go I And bit versus margin very operating going the the impressive. maybe

a okay. question you hopefully you, is that's So first installed large WMS the base. for But have maybe Eddie,

as asked or well. quarter the quarter prior think I last I

we somewhere are of off in folks in in journey Just WMS. the a move where the to cycle cloud kicking terms of now

maybe So they're whether I just that. or installed questions. up X.X said, get deals, like update the they've running, base? fully of sites or signed had, love Would it's and then other And they're flight to I percentage in whether an on

Eddie Capel

Terry. Certainly, Sure.

terms XX% existing journey. we're to about cloud, of through In the the our migrating customers

that journey. think Now X-year the a is about we or I've journey said X-

X.X about a be X- bit. for that within I now. extend is to little it. been Maybe journey to It think sort clear, of stragglers that couple couple looking about But it's X-year what or seem decimal horizon does of at a to your specifically I've Now end be saying we're at. there'll XX% a the years of of a answer we're about migration. question, But the places, through still

Terrell Tillman

talked and from does so maybe across second WMS different helpful, or a a You across solid. look at geos? I what or guess interesting overall, That's pretty feel of I question it have it. Is one that seeing? other how pretty Or deals Got you're geographies do in? about it perspective have any just balanced the it's a And demand, deals? Eddie. more you follow-up. And of If SKUs, deals large sounded whether it the you see your but across follow-up. couple I then geo then we are slip, But kind patterns

Eddie Capel

probably geos Terry, business Chinese finished piece pretty focus U.S. of would it's to mostly on goods, less Yes, between across China, balanced, it's but and say the we begin across small of a very bit tension given our little little is that a products. a manufacturing flatter, with. market on and and I with

really So terribly see. It's to the honestly, top the flatness don't there, you not overall line. consequential

Terrell Tillman

you, just little assuming? with And you're a Or whether less third level margin then taxes. Is in cash half or do the cash cash or And about Can question second you it in if Dennis. of benefit the quarter last half? the of taxes mean a get share bit guess, in headwind? you second of is I same I free or that's, it's the have I pretty right, it. flow strong. so for million XX%, the Got this $XX

Dennis Story

about It's level, same the Terry.

will it in in of the second million be the million half. $XX $XX So neighborhood to

Terrell Tillman

half? In the second second half, not per quarter,

Dennis Story

across spread half. second right. the That's Basically, we'll it

Operator

the comes Joe question of Baird. from next line Our Vruwink with

Joseph Vruwink

about start legacy I asking off opportunity on-prem wanted WMS the migrate their and versions created ERP. by to within to installed by needing base SAP's of

pipeline has end-of-life Manhattan in think of starting signed more could you initiated it already bigger think I events. to customers become Or because Do as that this your approach. is prominently register RFPs dates migration actually these activity?

then one there's think also year next and in I XXXX.

Eddie Capel

we're say that perfectly customers it, not growing it it's I mean be quite seen a good on, of sort a I with would it's trend. a Yes, We've about is, Joe. you. question, to anything certainly But banking public being honest frankly. some

They're moving cloud that. to -- with a global chain be area to have have able the It's to to like-for-like us the concluded them. do larger in And from the fortunately on-prem to we S/XHANA customers moving they tend that need move and that they be SAP. They chosen players. supply the innovate for to

fast super So anything decision-making for is not the or it's but strategic process us. very

And think, come. us going needed. immediate to be hundreds it for I it to access will or they that but a strategic that be areas It's don't advantage able customers think be to provide like there's more that, anything not to I to of of in innovation

Joseph Vruwink

Okay. That's you. strategic for advantage then another maybe great. And

demand brands. qualitative about the of remember as a with mentioned so your maybe the is accounts signed you far? bit number relative I you've [indiscernible] customers the So global in global as to often global this seen of something by and bigger just deals virtue quarter, comments, scope the deals being Eddie, is a don't guess, and quarter. that quite are I the global these new

Eddie Capel

a a no was across quarter. There's But it like something spread honestly, particularly and wasn't both tell customers, There of quarter. vertical to nice you, across got question, Joe. I'd new. this Now a geo, unusual lot but it we've global was this

Operator

question Peterson Raymond of comes James. Our from Brian next the with line

Brian Peterson

of So Eddie, you a lot product had innovation.

that mentioned in coming next are about what Momentum, at we you months to about? cross-sell year. this curious You the XX that XX as are XX maybe -- I'd opportunity, later market new most excited products to be think

Eddie Capel

a a software exciting. and for Chain QX, this question. great something that has I quarter announced mean for launches a been right great lot It's end planning Wow, decades certainly, of on together us a the platform. very supply months that's we I is supply chain Supply journey, a Planning it supply frankly, chain am. couple bring That's now question. that the things. truly excited chasing ago, execution to industry chain I'm unified at really and of of a Momentum at about

at our you in about before we're any does and stack for obviously, we're that point-of-sale And my continue there that store first the we're to and actually opportunity pipeline excited I one is you but be I would in very close get ask, pretty we about the and so dived forth. enthusiasm to not the mover QX, excited deals And for opportunity. systems opportunity, We're retail excited. The point-of-sale first tell didn't us. all. excited

We very and continue have encouraging both prospects customers that in new conversations, to existing with area.

for point-of-sale And in new warehouse be But making what going go-lives our focus time well. management. our portfolio. we We not important good really signed terrific let us as pipeline with quarters very It on think a to quarter did part the for of that got in We've a WMS continues lose listen, some live in have first progress. nice with is prior we the customers QX.

the I'm pretty of near the much suppose, I you release in tell portfolio moment. term, about Supply I'm that to But fall of have going the So we're would excited true list the in Chain to at be Planning doing. the top everything to

Brian Peterson

for basis north that maybe maintenance Dennis, modeled up that? out looking And of margin higher was that's subscription If I'm color. Great much XXX gross services, points Anything we at than a for you'd follow-up year-over-year. you. call the driving and had

Dennis Story

the cloud and services gross Just and positive a margin. between mix

Brian Peterson

Okay.

mix the components? revenue just the on more So of

Blair Abernethy

Yes.

Operator

comes question William Dylan Blair. Becker line with from the of next Our

Dylan Becker

and more you're Obviously, the of businesses looking to talking Eddie, are Maybe, operate starting to one with retailers efficiently. you.

that's as component is driving you of a or labor of upscaling, a big resiliency think helping a your tied to not of kind the decisioning I and key or modern of think employee conversations maybe point-of-sale today? some of for enabler kind only contribute about retention, of how that ROI are the wonder I seeing to you're efficiency, constraints tangible platform that. to continue trending like opportunity how kind are obviously, that

Eddie Capel

with generation you quick I quickly or it's retention stores. a Obviously, retail there. members Yes. to Efficiency in in is being important. key component the have modern also from they point both mentioned the is them mean very, is a inside but is factor labor to important. technology, of very, enable and The be perspective important, the efficiency centers. but true in Hard forth stores, stores an able them distribution revenue retention keep, and team need super so to find, flexible hard very to

the is to our that those of the level that throughput complex years We we XX customers as that know, innovation and meets need thrive automation need in definitely improve of into that from market us. and of availability of and that distribution continuing built in labor you to deal the think needs, And efficiency. over environments nature, for and centers a distribution it's we lack differentiator are putting for centers. a of highly great because the velocity And the last increase we've that -- automated those are

Dylan Becker

to even more think becoming next towards continue. paired continues Maybe the leverage is dynamic of to today, mix with That's that we with a Obviously, Dennis, scale as share gross business of sits we helpful. Okay. kind of and cloud efficiencies business about shift leverage over X think that maybe favorable the how the years for switching as further the larger where so? X or to over going kind a of the the here and steady-state opportunity That's should margin about you, to great. theme. sticking But opportunity that

Dennis Story

early I mean, we our good trying feel margin outlook real on more early days, we'll give in profiles next very to push and call But year. confident. off QX around you there. I'm the Yes, our -- commentary not for

Operator

question next from line Citi. George of Our with Kurosawa comes the

George Michael Kurosawa

out. you commonalities the deals? those until Congrats on deal the choppy I July year? push weeks first budgetary those called in on touch good signed those wanted maybe of here pushouts where a of the Any kind here situations out to kind situations environment. And results might they or between of in later few are in

Eddie Capel

commentary industries, span excuse George, particular No offerings they out they proposals product there. there. geographies, me, we they had span no that -- commonality, span and

love it there. put Gen AI and but I'd So it really you funds towards tell wasn't to some or wasn't. specific threat, There something was to whatever, anything point being

I'm going not early a have go yes, them into of ton to a couple quarter, in details this of the closed.

good so they They that's that's rates across variety for of helpful. the win news is XX%, weren't just at So been is board. that all across of of reasons were our are losses. been sort The [indiscernible] a

George Michael Kurosawa

I hiring terms replacement does XXX would kind the in say, that a your of expanding what of That's to about imply in for helpful. kind commentary Okay. retaining think of half, another services, maybe or by, And heads that kind maybe hiring then on there of let's posture, helpful. just there's meant double-click back be on exactly you

Eddie Capel

continue We hire. to plan to

is lower attrition that is our forecasted. news than year good rate we the had Now for this

potentially efficiency, margin, lower in services customer customer-facing be different will attrition does our sure satisfaction we but do helps that plan all which largely of ways, of in team little kinds mean on year less forth, those so and definitely a and but hiring, least hires in the for to not expand the and So second of half bit roles.

Operator

of comes Schappel question Mark from line last Loop with the Markets. Capital Our

Mark Schappel

to Supply just Chain Yonder some nice Planning. more talk if have established I respect my with little but here supply you out go Blue just have chain a I bit head-to-head Active there like of on could about been from answered of the quarter. A one with whether is wondering solution questions the job was planning to Kinaxis? designed that systems or Most

Eddie Capel

more much But because yes, a little Obviously, we a you focused market focused. yes, as little Mark, further is. manufacturing -- manufacturing certainly planning. not Kinaxis side we're know, probably Well, down it of it's the so not and on

we're the several But optimization, is so planning with quite taking of and to So as answer it's traditionally for approach not that and have the with course, been inventory the unified world finished the supply goods yes. system. and solution last integrated number batch-based a they side certainly one, continuous being forth. this execution different of in a But decades, chain

definitely, the the chasing been and market -- world So of is quite grail that some we've for things the holy been time now. has --

Operator

There back time. to this comments. closing would at are turn I floor no to like for further the Eddie questions over

Eddie Capel

Alicia, even the We're Okay. are. the of you, and excited about we and you, the XXXX about second more results call. for where about Well, joining excited thank beyond. thank half for We're and first everybody, excited half the

So thanks in from we'll to months joining with a about ton and for speak lot. QX call, a the now Bye-bye. X update. Thanks you

Operator

concludes today's teleconference. This

may you for at your this participation. Thank lines You disconnect your time.

Manhattan Associates (MANH) 23 Jul 242024 Q2 Earnings call transcript