* Cuts 150 positions worldwide
* Q3 EPS 34 cents vs est 39 cents
* Revenue falls 2 pct to $82.7 mln vs est $92.7 mln
* Sees Q4 EPS 24 cents to 34 cents vs est 43 cents
* Shares down 5 pct
(Recasts; adds details, share movement)
Oct 21 Manhattan Associates Inc (MANH.O) cut
about 150 positions, or 6.5 percent of total positions at the
supply chain management software developer, mainly in the
United States, and forecast fourth-quarter earnings below
market expectations amid challenging economic conditions.
The company, which also posted lower-than-expected
third-quarter results on Tuesday, expects the market pressures
to continue through the fourth quarter.
"We saw a significant number of software license deals we
expected to close in the third quarter slip to the fourth
quarter, and possibly later," Chief Executive Pete Sinisgalli
said in a statement.
Shares of the company fell to $17.20 in trading after the
bell. They had company closed at $18.07 Tuesday on Nasdaq.
For more details on the company's third-quarter results and
fourth-quarter outlook, please double click on [ID:nWNAB9446]
(Reporting by Bijoy Koyitty in Bangalore; Editing by Pratish