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ATLANTA (AP) _ Manhattan Associates Inc. (MANH) on Tuesday reported fourth-quarter net income of $20.5 million.
On a per-share basis, the Atlanta-based company said it had net income of 32 cents. Earnings, adjusted for stock option expense and amortization costs, were 45 cents per share.
The results topped Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of 32 cents per share.
The business software company posted revenue of $147.1 million in the period, also topping Street forecasts. Four analysts surveyed by Zacks expected $138.3 million.
For the year, the company reported profit of $87.2 million, or $1.36 per share. Revenue was reported as $586.4 million.
Manhattan Associates expects full-year earnings in the range of $1.44 to $1.59 per share, with revenue in the range of $595 million to $625 million.
Manhattan Associates shares have increased 11% since the beginning of the year. In the final minutes of trading on Tuesday, shares hit $116.61, a climb of 34% in the last 12 months.