Manhattan Associates (MANH) reported $266.68 million in revenue for the quarter ended September 2024, representing a year-over-year increase of 11.8%. EPS of $1.35 for the same period compares to $1.05 a year ago.The reported revenue compares to the Zacks Consensus Estimate of $263.36 million, representing a surprise of +1.26%. The company delivered an EPS surprise of +27.36%, with the consensus EPS estimate being $1.06.While investors scrutinize revenue and earnings changes year-over-year and how they comp ...

Financial Data and Key Metrics Changes - Total revenue for Q3 2024 increased by 12% to $267 million, with adjusted earnings per share rising by 29% to $1.35, both metrics exceeding expectations [5][21] - Remaining performance obligation (RPO) grew by 27% to approximately $1.7 billion, with a solid demand outlook for Q4 [7][20] - Adjusted operating profit reached $99 million, resulting in an adjusted operating margin of 37.1%, up 670 basis points year-over-year [21][24] Business Line Data and Key Metrics Changes - Cloud subscription revenue surged by 33% to $86 million, contributing significantly to overall revenue growth [5][20] - Global services revenue totaled $137 million, up 7%, driven by cloud sales fueling services revenue growth [20][21] - 14% of new bookings were generated from net new logos, indicating a healthy mix of conversions, upsells, and cross-sells [9][36] Market Data and Key Metrics Changes - 80% of deals in Q3 came from retail, manufacturing, and wholesale sectors, showcasing a diverse sub-vertical mix [8] - The global pipeline remains at record levels, with win rates around 70%, indicating strong market demand despite macroeconomic challenges [8][20] Company Strategy and Development Direction - The company is focused on delivering market-leading innovation and expanding its product offerings, including the recent launch of the Manhattan Active Supply Chain Planning solution [6][10] - Continued investment in R&D and sales and marketing is aimed at leveraging new revenue streams and enhancing competitive advantage [24][26] - The company is optimistic about achieving the high end of its 2024 RPO bookings guidance and has provided preliminary targets for 2025 [23][27] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in business fundamentals and the ability to navigate a challenging macro environment, with robust demand for solutions and high customer satisfaction [6][28] - The company anticipates a solid start to Q4, with some deals that slipped from Q3 expected to close, although budget flush is not anticipated [30][31] - Management remains cautious about the impact of global macro factors and upcoming elections on customer decision-making [42] Other Important Information - The company ended the quarter with $215 million in cash and zero debt, having repurchased $50 million in shares during Q3 [22][24] - For 2025, the company targets total revenue of $1.13 billion to $1.14 billion, representing 9% to 10% growth, with cloud revenue expected to grow by 23% [26][27] Q&A Session Summary Question: Insights on Q4 performance and deal closures - Management noted a good start to Q4, with some deals from Q3 closing and others expected to close early in Q4, reiterating full-year RPO guidance [30] Question: Services side and customer frugality - Management indicated improved efficiency in service implementations and a healthy mix of system integrators contributing to service delivery [32] Question: Share of bookings from new logos - The 14% from new logos was noted as the lowest in some time, with expectations to return to historical norms in Q4 [36] Question: Delayed deals and commonalities - No specific commonality was identified for delayed deals, with some customers waiting for external factors like elections [42] Question: Cloud migration progress - Approximately 20% of the customer base has migrated to the cloud, tracking towards a six-year trajectory for broader migration [46] Question: Duration of contracts - The average duration of contracts has remained stable around 5.5 years, contributing positively to RPO [47] Question: Margin upside and execution - Strong execution in cloud and services contributed to margin improvements, with a favorable mix driving performance [49]

Manhattan Associates (MANH) came out with quarterly earnings of $1.35 per share, beating the Zacks Consensus Estimate of $1.06 per share. This compares to earnings of $1.05 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 27.36%. A quarter ago, it was expected that this business software company would post earnings of $0.96 per share when it actually produced earnings of $1.18, delivering a surprise of 22.92%.Over the last four ...

Exhibit 99.1 | --- | |----------------------------| | | | | | Senior Director, | | Investor Relations | | Manhattan Associates, Inc. | | 678-597-7538 | | mbauer@manh.com | | --- | |----------------------------| | | | Rick Fernandez | | Director, | | Corporate Communications | | Manhattan Associates, Inc. | | 678-597-6988 | | rfernandez@manh.com | Contact: Michael Bauer Manhattan Associates Reports Record Revenue and Earnings RPO Bookings Increase 27% over Prior Year on Strong Demand ATLANTA – October 22, 20 ...

Manhattan Associates (MANH) is set to report its third-quarter 2024 results on Oct. 22. It expects third-quarter 2024 earnings to be $1.06 per share. Revenues are anticipated between $261 million to $265 million. The Zacks Consensus Estimate for third-quarter earnings has been steady at $1.06 per share over the past 30 days, suggesting 0.95% growth from the figure reported in the year-ago quarter. The Zacks Consensus Estimate for third-quarter revenues is pegged at $263.36 million, indicating an increase of ...

The upcoming report from Manhattan Associates (MANH) is expected to reveal quarterly earnings of $1.06 per share, indicating an increase of 1% compared to the year-ago period. Analysts forecast revenues of $263.36 million, representing an increase of 10.5% year over year. The current level reflects no revision in the consensus EPS estimate for the quarter over the past 30 days. This demonstrates how the analysts covering the stock have collectively reappraised their initial projections over this period. Pri ...

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Manhattan Associates is a member of our Computer and Technology group, which includes 617 different companies and currently sits at #7 in the Zacks Sector Rank. The Zacks Sector Rank considers 16 different sector groups. The average Zacks Rank of the individual stocks within the groups is measured, and the sectors are listed from best to worst. Over the past three months, the Zacks Consensus Estimate for MANH's full-year earnings has moved 10.4% higher. This signals that analyst sentiment is improving and t ...

However, the Zacks Growth Style Score (part of the Zacks Style Scores system), which looks beyond the traditional growth attributes to analyze a company's real growth prospects, makes it pretty easy to find cuttingedge growth stocks. While there are numerous reasons why the stock of this business software company is a great growth pick right now, we have highlighted three of the most important factors below: Impressive Asset Utilization Ratio In addition to volatility, these stocks carry above-average risk ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 [Mark One] ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2024 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) | --- | --- | --- | |----- ...