Manhattan Associates is proving to be a survivor in more ways than one. The company has found a way to compete with larger rivals Oracle (ORCL) and SAP (SAP) in warehouse management software while also side-stepping the recent sell-off in high-growth but little-or-no-profit software companies such as Tableau Software (DATA) and Splunk (SPLK). Manhattan Associates’ (MANH) stock is down from an all-time high of 40.79 touched on March 17, but the
The data analytics market is growing overseas, and two U.S.-based rivals are going after it. In the past month, Splunk (SPLK) and privately held rival Sumo Logic have unveiled plans to spend millions to expand overseas, looking to grab bigger shares of the data analytics software market. Such software helps companies manage Big Data flowing from PCs, mobile devices and other sources. Splunk, a fast-growing software maker, plans to commit $20
Splunk (SPLK), despite continued fast growth, is falling out of favor with investors. Splunk stock plunged 18% in midday trading in the stock market today, though Splunk late Thursday reported Q1 earnings that exceeded views. For the quarter ended April 30, the maker of data-analytics software posted revenue of $85.9 million, up 50% from the year-earlier quarter and far above the $80.7 million consensus analyst estimate. For this fiscal year, it