Manhattan Associates, Inc. reported unaudited consolidated earnings results for the fourth quarter and year ended December 31, 2011. For the quarter, the company reported total revenue was $83,539,000 against $71,513,000 a year ago. Operating income was $16,203,000 against $8,815,000 a year ago. Income before income taxes was $16,853,000 against $9,054,000 a year ago. Net income was $10,525,000 against $6,445,000 a year ago. Diluted earnings per share were $0.50 against $0.29 a year ago. Adjusted net income (Non-GAAP) was $12,490,000 against $8,409,000 a year ago. Adjusted diluted EPS (Non-GAAP) was $0.60 against $0.38 a year ago. Capital expenditure was $1,402,000 against $1,540,000 a year ago. Adjusted operating income, a non-GAAP measure, was $19.3 million in the fourth quarter of 2011, compared to $12.0 million in the fourth quarter of 2010. Cash flow from operations was $14.8 million. For the year, the company reported total revenue was $329,253,000 against $297,117,000 a year ago. Operating income was $61,363,000 against $41,927,000 a year ago. Income before income taxes was $63,227,000 against $41,784,000 a year ago. Net income was $44,907,000 against $28,061,000 a year ago. Diluted earnings per share were $2.09 against $1.25 a year ago. Adjusted net income (Non-GAAP) was $49,770,000 against $35,360,000 a year ago. Adjusted diluted EPS (Non-GAAP) was $2.32 against $1.58 a year ago. Net cash provided by operating was $55,824,000 against $49,972,000 a year ago. Purchase of property and equipment was $5,074,000 against $5,871,000 a year ago. Capital expenditure was $5,074,000 against $5,871,000 a year ago. Adjusted operating income, a non-GAAP measure, was $70.4 million for the twelve months ended December 31, 2011, compared to $53.4 million for the twelve months ended December 31, 2010. The company assumes first quarter 2012 total revenue growth to be about 20% over a modest first quarter 2011 comp. The company expects first quarter 2012 EPS to decline sequentially from fourth quarter. The company also expect the remaining 3 quarters of 2012 to average adjusted EPS of about $0.66 -plus-or-minus, reflecting typical patterns for license and services quarterly seasonality. For the full year of 2012, the company expects total revenue in the range of $363 million - $370 million, growth of 10% to 12%, with operating profit growth of 13% to 15%. Adjusted EPS in the range of $2.50 - $2.55, growth of 8% to 10%. GAAP EPS in the range of $2.22 - $2.27, growth of 6% to 9%. Effective tax rate estimate remains at 34%. The company estimates CapEx to be about $68 million.