Washington, D.C. 20549 FORM 10-Q [Mark One] ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 UNITED STATES SECURITIES AND EXCHANGE COMMISSION For the quarterly period ended June 30, 2025 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ____________ to ____________ Commission File Number: 0-23999 MANHATTAN ASSOCIATES, INC. (Exact Name of Registrant as Specified in Its Charter) Georgia 58-23734 ...

Manhattan Associates, Inc. MANH reported better-than-expected second-quarter financial results and raised its FY25 guidance above estimates on Tuesday.Manhattan Associates reported quarterly earnings of $1.31 per share which beat the analyst consensus estimate of $1.13 per share. The company reported quarterly sales of $272.42 million which beat the analyst consensus estimate of $263.61 million.“Manhattan delivered record second quarter results. Solid demand drove Q2 cloud revenue growth of 22% and RPO surp ...

Group 1 - The conference call is for Manhattan Associates' Q2 2025 earnings, indicating the company's ongoing financial performance review [2][3] - Michael Bauer, Head of Investor Relations, introduces the call and mentions that forward-looking statements regarding future events and financial performance will be made [3][4] - Eddie Capel, Executive Chairman, and Eric Clark, President and CEO, are key participants in the call, suggesting a structured leadership approach to discussing the company's results [1][3]

Core Insights - Manhattan Associates reported revenue of $272.42 million for the quarter ended June 2025, marking a year-over-year increase of 2.7% and exceeding the Zacks Consensus Estimate by 3.47% [1] - The company's EPS for the same period was $1.31, up from $1.18 a year ago, representing a surprise of 16.96% over the consensus estimate of $1.12 [1] Revenue Breakdown - Software license revenue was $1.53 million, falling short of the estimated $1.94 million, reflecting a significant year-over-year decline of 50.1% [4] - Hardware revenue reached $6.52 million, slightly above the estimated $6.47 million, but showed a year-over-year decrease of 16.4% [4] - Services revenue was reported at $128.9 million, exceeding the estimate of $125.36 million, yet down 5.8% compared to the previous year [4] - Maintenance revenue was $35.06 million, surpassing the estimate of $29.93 million, with a minor year-over-year decline of 0.6% [4] - Cloud subscriptions generated $100.42 million, exceeding the average estimate of $99.53 million, and represented a year-over-year increase of 21.9% [4] Stock Performance - Over the past month, shares of Manhattan Associates have returned +3.7%, compared to a +5.9% change in the Zacks S&P 500 composite [3] - The stock currently holds a Zacks Rank 3 (Hold), indicating potential performance in line with the broader market in the near term [3]

Core Viewpoint - Manhattan Associates reported quarterly earnings of $1.31 per share, exceeding the Zacks Consensus Estimate of $1.12 per share, and showing an increase from $1.18 per share a year ago, resulting in an earnings surprise of +16.96% [1][2] Financial Performance - The company achieved revenues of $272.42 million for the quarter ended June 2025, surpassing the Zacks Consensus Estimate by 3.47%, and up from $265.32 million year-over-year [2] - Over the last four quarters, Manhattan Associates has consistently exceeded consensus EPS estimates [2] Stock Performance - Shares of Manhattan Associates have declined approximately 26.1% since the beginning of the year, contrasting with the S&P 500's gain of 7.2% [3] - The current Zacks Rank for the stock is 3 (Hold), indicating expected performance in line with the market in the near future [6] Earnings Outlook - The consensus EPS estimate for the upcoming quarter is $1.16 on revenues of $270.53 million, and for the current fiscal year, it is $4.57 on revenues of $1.06 billion [7] - The trend of earnings estimate revisions prior to the earnings release was mixed, which may influence future stock performance [6] Industry Context - The Computer - Software industry, to which Manhattan Associates belongs, is currently ranked in the top 20% of over 250 Zacks industries, suggesting a favorable outlook compared to lower-ranked industries [8]

Manhattan Associates (MANH) Q2 2025 Earnings Call July 22, 2025 04:30 PM ET Company ParticipantsMichael Bauer - Senior Director - IREddie Capel - Executive ChairmanEric Clark - President, CEO & DirectorDennis Story - EVP & CFOTerry Tillman - Managing DirectorBrian Peterson - Managing DirectorMark Schappel - Managing DirectorConference Call ParticipantsJoe Vruwink - Senior Research AnalystDylan Becker - Research Analyst - Technology, Media & CommunicationsGeorge Kurosawa - Equity Research AnalystChris Quinte ...

Financial Data and Key Metrics Changes - Total revenue for Q2 was $272 million, up 3% year-over-year [27] - Cloud revenue increased 22% to $100 million, while services revenue declined 6% to $129 million [28] - Adjusted operating profit was $101 million with an adjusted operating margin of 37.1%, up 210 basis points year-over-year [30] - Adjusted earnings per share (EPS) for Q2 was $1.31, up 11%, and GAAP EPS was $0.93, up 9% [30] - Free cash flow margin was 26% with a 38% adjusted EBITDA margin [30] Business Line Data and Key Metrics Changes - RPO (Remaining Performance Obligations) increased 26% year-over-year to $2.01 billion [28] - More than 70% of new cloud bookings were generated from net new logos, with new logos representing approximately 35% of the current pipeline [12] - The average contract duration remains at 5.5 to 6 years, with 38% of RPO expected to be recognized as revenue over the next 24 months [29] Market Data and Key Metrics Changes - The company experienced strength from new customers across diverse end markets, including retail, grocery, life sciences, and technology [12] - Win rates against top five competitors remained consistent at over 70% [12] Company Strategy and Development Direction - The company is strategically increasing investment in sales and marketing to accelerate sales velocity and drive market share gains [13] - New partnerships with Google and Shopify are expected to enhance product accessibility and customer acquisition [15][16] - The company is focused on unifying its product portfolio to drive cross-selling opportunities, with 80% of customers purchasing multiple products [24] Management's Comments on Operating Environment and Future Outlook - Management remains optimistic about long-term opportunities despite a volatile global macro environment [11] - The company is raising its full-year total revenue, operating margin, and EPS outlook based on strong first-half performance [33] - Management expressed confidence in sustaining 20% growth in cloud subscription revenue, supported by a large booked business in RPO [46] Other Important Information - The company has zero debt and ended the quarter with $231 million in cash [31] - A share repurchase program of $150 million has been executed year-to-date, with an additional $100 million approved by the Board [31] Q&A Session Summary Question: On supply chain unification and potential enhancements - Management is doubling down on investment in unification through dedicated engineering teams and customer engagement initiatives [41][44] Question: Confidence in sustaining cloud subscription revenue growth - Management remains confident in sustaining 20% growth due to a solid booked business and expanding total addressable market (TAM) [46][49] Question: Go-to-market investment areas and their potential impact - New hires and partnerships are expected to enhance market awareness and drive revenue growth, particularly in POS and TMS markets [56] Question: Status of on-premise to cloud migration - Approximately 20% of on-premise customers have started the conversion to cloud, with ongoing efforts to accelerate this process [65] Question: Impact of ERP migrations on new customer acquisition - ERP migrations are creating opportunities for new customer acquisitions as companies reassess their supply chain needs [67] Question: Trends in the macro environment and customer investment behavior - CIOs are increasingly recognizing the importance of investing in supply chain solutions despite macro uncertainties [85] Question: Updates on marketing initiatives and awareness - The company is actively searching for a Chief Marketing Officer to enhance market presence and awareness [88]

Manhattan Associates Reports Second Quarter Results RPO Bookings Increased 26% over Prior Year Exhibit 99.1 Contact: Michael Bauer Devika Goel Senior Director, Investor Relations Manhattan Associates, Inc. Manhattan Associates, Inc. 678-597-7538 678-597-6754 mbauer@manh.com dgoel@manh.com Senior Manager, Public Relations ATLANTA – July 22, 2025 – Leading Supply Chain and Omnichannel Commerce Solutions provider Manhattan Associates Inc. (NASDAQ: MANH) today reported revenue of $272.4 million for the second q ...

Core Insights - Wall Street analysts forecast that Manhattan Associates (MANH) will report quarterly earnings of $1.12 per share, indicating a year-over-year decline of 5.1% [1] - Anticipated revenues are projected to be $263.29 million, reflecting a decrease of 0.8% compared to the same quarter last year [1] Earnings Projections - The consensus EPS estimate has been revised downward by 0.7% over the past 30 days, indicating a collective reassessment by analysts [2] - Revisions to earnings projections are critical for predicting investor behavior and are strongly linked to short-term stock price performance [3] Revenue Estimates - Analysts estimate 'Revenue- Software license' will reach $1.94 million, a year-over-year decline of 36.7% [5] - 'Revenue- Hardware' is expected to be $6.47 million, down 17% from the prior-year quarter [5] - 'Revenue- Services' is projected at $125.36 million, indicating a year-over-year change of -8.4% [5] - 'Revenue- Maintenance' is estimated at $29.93 million, reflecting a year-over-year decline of 15.2% [6] - 'Revenue- Cloud subscriptions' is expected to reach $99.53 million, showing a positive change of 20.8% from the year-ago quarter [6] Stock Performance - Manhattan Associates shares have increased by 8.5% in the past month, outperforming the Zacks S&P 500 composite, which rose by 5.4% [6] - The company holds a Zacks Rank 3 (Hold), suggesting it is expected to closely follow overall market performance in the near term [6]

Group 1 - Manhattan Associates (MANH) is positioned to maintain its earnings-beat streak, particularly in the upcoming report, with a history of beating earnings estimates [1][5] - The company reported earnings of $1.02 per share for the most recent quarter, which was a surprise of 16.67% compared to the expected $1.19 per share [2] - In the previous quarter, Manhattan Associates exceeded the consensus estimate of $1.06 per share by reporting $1.17 per share, resulting in a surprise of 10.38% [2] Group 2 - Earnings estimates for Manhattan Associates have been trending higher, supported by its earnings surprise history [5] - The stock has a positive Zacks Earnings ESP of +1.07%, indicating bullish sentiment among analysts regarding its near-term earnings potential [8] - The next earnings report for Manhattan Associates is anticipated to be released on July 22, 2025 [8] Group 3 - Stocks with a positive Earnings ESP and a Zacks Rank of 3 (Hold) or better have a nearly 70% chance of producing a positive surprise [6] - The Zacks Earnings ESP compares the Most Accurate Estimate to the Zacks Consensus Estimate, reflecting the latest analyst revisions [7] - A negative Earnings ESP does not necessarily indicate an earnings miss, but it reduces predictive power [9]