Updated
The most significant concentration Manhattan Associates discloses is supply chain cloud solutions, classified HIGH by disclosed size. Below: the full set from the latest 10-K — verbatim quotes, filing references, and a synthesis of what these exposures mean together.
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Source: Manhattan Associates’s SEC Form 10-K filed — view the filing on SEC EDGAR ↗
Each card carries a disclosed-size chip (HIGH / MEDIUM / LOW — how large the exposure is as a share of revenue, not how dangerous it is) and a nature tag: Built-in(the company’s own model, geography, or products) or Outside party (an external customer, supplier, or distributor it relies on).
“10-K Item 1A: 'Our operating results are substantially dependent on one line of business. We continue to derive our revenues from sales of our supply chain cloud solutions and related professional services.'”
“10-K Item 1: 'The server side full stack runs exclusively on Google Cloud Platform'”
The company's concentration profile combines a product-line dependency and a critical infrastructure dependency. On the product side, operating results are substantially dependent on a single line of business — supply chain cloud solutions and related professional services — a high-share exposure that is structural in character. The business was built around this offering, so the concentration is an inherent feature of focus rather than a recoverable lapse in diversification. There are no disclosed alternative revenue lines that would absorb a material decline in this segment. Layered on the product concentration is an infrastructure dependency: the server-side full stack runs exclusively on Google Cloud Platform, a high-share supplier exposure that is a dependency. Unlike the product concentration — which is structural and moves slowly — a disruption to the cloud infrastructure relationship could affect service delivery more abruptly, since there is no disclosed fallback environment or multi-cloud architecture. The two risks therefore operate on different time scales: the product concentration is a steady-state feature to monitor over strategic cycles, while the cloud platform dependency is an operational risk that could crystallize faster. Together they reinforce each other: if the sole cloud platform experienced a material outage or contract disruption, the single product line that constitutes substantially all revenue would be the vehicle through which that disruption would be felt. Investors should monitor both the competitive positioning of the supply chain software offering and the nature of the Google Cloud Platform relationship.
For the engine’s reasoning on MANH’s current verdict — including which dimensions drove the score — see the per-dimension breakdown.
| Symbol | Name | HIGH | MEDIUM | LOW | Total |
|---|---|---|---|---|---|
| MANH● | Manhattan Associates, Inc. | 2 | 0 | 0 | 2 |
| ADSK | Autodesk, Inc. | 1 | 1 | 1 | 3 |
| ADEA | Adeia Inc. | 1 | 0 | 0 | 1 |
| AGYS | Agilysys, Inc. | 0 | 2 | 0 | 2 |
| ADBE | Adobe Inc. | 0 | 0 | 0 | 0 |
| ADP | Automatic Data Processing, Inc. | 0 | 0 | 0 | 0 |
Concentration counts reflect items disclosed in each peer’s most recent 10-K; disclosed-size classification uses TrendMatrix’s internal 10-K extraction taxonomy.