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ATLANTA - Manhattan Associates Inc. (NASDAQ: MANH), a $11.9 billion market cap supply chain solutions provider currently trading near its InvestingPro Fair Value, today marked a significant transition in its leadership as long-standing board members John J. Huntz, Jr., and Deepak Raghavan announced their retirement. Effective today, the company has appointed Eddie Capel as Executive Chairman and announced the addition of Danielle Sheer to the board.
John J. Huntz, Jr., who has been with Manhattan Associates for over two decades, served as Chairman of the Board and Chair of the Audit Committee. Deepak Raghavan, a co-founder of the company, has been an integral part of the board since its inception in 1990, contributing to the company’s technological and strategic development.
Eddie Capel, who joined the company in 2000 and has played various roles including President and CEO until February 2025, will now take on the role of Executive Chairman. Capel’s tenure has seen him as a member of the board since July 2012, and he brings a wealth of experience to his new position.
The board also welcomes Thomas E. Noonan in the role of Lead Independent Director. Noonan’s association with Manhattan Associates dates back to 1999, and he brings his experience from various roles, including his co-founding of TechOperators, LLC and his directorship at Intercontinental Exchange, Inc.
Danielle Sheer, the newly appointed board member, currently holds the position of Chief Trust Officer at Commvault Systems, Inc. Her background in data protection and management software, as well as her board experience with LinkSquares, Inc., is expected to add a new dimension to Manhattan Associates’ strategic growth.
The company expressed its gratitude to Huntz and Raghavan for their years of service and their significant contributions to Manhattan Associates’ success. Capel acknowledged their impact on the company’s community and their roles in shaping the company’s strategic direction and governance practices.
Manhattan Associates specializes in supply chain and omnichannel commerce, providing cloud and on-premises solutions to facilitate enterprise-wide information convergence and drive profitability for its clients. The company has demonstrated strong financial performance with $1.05 billion in revenue over the last twelve months and maintains excellent financial health according to InvestingPro metrics. This reshuffling of the board is a move that underlines the company’s commitment to maintaining its leadership in the supply chain software and services market. For deeper insights into Manhattan Associates’ valuation and growth prospects, including 14 additional ProTips and comprehensive financial analysis, investors can access the full Pro Research Report on InvestingPro.
The information in this report is based on a press release statement from Manhattan Associates.
In other recent news, Manhattan Associates Inc. reported strong first-quarter 2025 earnings, surpassing analysts’ forecasts. The company achieved an adjusted EPS of $1.19, exceeding the expected $1.03, while revenue reached $263 million, above the projected $256.63 million. Notably, cloud revenue experienced a significant growth of 21%, totaling $94 million, despite an 8% decline in services revenue. Raymond James recently adjusted its price target for Manhattan Associates to $195 from $270, maintaining an Outperform rating. The firm noted robust bookings but highlighted potential challenges due to contract durations and foreign exchange impacts. The company’s remaining performance obligations (RPO) increased by 25% to $1.9 billion, reflecting strong demand for its solutions. For the full year 2025, Manhattan Associates has set a revenue target between $1.060 billion and $1.070 billion, with a cloud revenue target of $405-$410 million. Despite macroeconomic uncertainties, the company remains optimistic about its growth prospects, supported by a strong pipeline and competitive positioning.
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