Manhattan Associates (MANH) ,  a leading global technology company in omnichannel and supply chain management, has appreciated 31.1% in the year-to-date (YTD) period, significantly outpacing the Zacks Computer - Software industry’s return of 19%.Over the same time frame, it outpaced its industry peers, including BlackBerry (BB) , Autodesk (ADSK) and Blackbaud (BLKB) . On a YTD basis, shares of BB and ADSK have gained 11.9% and 23.7% while BLKB lost 12.2%. This outperformance demonstrates Manhattan's strong ...

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Manhattan Associates (MANH) appears an attractive pick, as it has been recently upgraded to a Zacks Rank #2 (Buy). This rating change essentially reflects an upward trend in earnings estimates -- one of the most powerful forces impacting stock prices.The sole determinant of the Zacks rating is a company's changing earnings picture. The Zacks Consensus Estimate -- the consensus of EPS estimates from the sell-side analysts covering the stock -- for the current and following years is tracked by the system.Indi ...

Core Insights - Manhattan Associates (MANH) reported third-quarter 2024 adjusted earnings of $1.35 per share, exceeding the Zacks Consensus Estimate by 27.36% and reflecting a year-over-year increase of 28.6% [1] - Net sales for the quarter reached $266.7 million, marking an 11.8% year-over-year growth and surpassing the consensus estimate by 1.26% [1] - The company experienced strong growth in cloud and service revenues, particularly from its Manhattan Active Supply Chain Planning offering [1] Financial Performance - Cloud subscriptions, accounting for 32.4% of net sales, generated revenues of $86.5 million, up 33% year over year, beating the consensus estimate by 1.9% [2] - Service sales, which made up 51.4% of net sales, totaled $137 million, reflecting a 7.1% year-over-year increase and exceeding the consensus estimate by 0.84% [2] - Software license sales, representing 1.4% of net sales, were $3.8 million, down 2.8% year over year but significantly beating the consensus estimate by 94.92% [2] - Maintenance sales, at 12.9% of net sales, were $34.5 million, down 2.3% year over year, yet beating the Zacks Consensus Estimate by 1.6% [2] - Hardware sales, comprising 1.9% of net sales, were $4.9 million, down 1.9% year over year and missing the consensus estimate by 29.51% [2] - Remaining Performance Obligations (RPO) increased by 27.2% year over year to $1.7 billion [2] Geographical Performance - Revenues from the Americas, which accounted for 77.2% of net sales, were $205.8 million, up 10.7% year over year [3] - Revenues from EMEA, making up 17.6% of net sales, reached $48.08 million, up 14.4% year over year [3] - Revenues from APAC, representing 4.6% of net sales, were $12.74 million, reflecting a 24% year-over-year increase [3] Expense Management - Selling and marketing expenses as a percentage of revenues decreased by 120 basis points year over year to 6.2% [4] - Research and Development expenses as a percentage of revenues declined by 100 basis points year over year to 12.9% [4] - General and Administrative expenses as a percentage of revenues fell by 130 basis points year over year to 7.6% [4] - Adjusted operating income increased by 36.5% year over year to $98.9 million [4] Balance Sheet and Share Repurchase - As of September 30, 2024, cash and cash equivalents stood at $214.9 million, up from $202.7 million as of June 30, 2024 [4] - During the quarter, the company repurchased 194,712 shares for $49.7 million and authorized an additional $75 million for share repurchase in October 2024 [4] Guidance - For fiscal 2024, Manhattan Associates expects earnings between $3.47 and $3.49 per share, indicating a growth of 23% to 24% year over year [5] - Revenue guidance for fiscal 2024 is projected between $1.03 billion and $1.04 billion [5] - RPO for fiscal 2024 is anticipated to be between $1.75 billion and $1.8 billion [5] - The adjusted operating margin for fiscal 2024 is expected to be in the range of 34% to 34.1% [5] - The Zacks Consensus Estimate for fiscal 2024 revenues is $1.04 billion, suggesting an 11.96% year-over-year increase [5] Market Performance - Manhattan Associates currently holds a Zacks Rank 3 (Hold) and has seen a year-to-date share price increase of 35.8%, outperforming the Zacks Computer and Technology sector's rise of 27.5% [6] - Comparatively, Arista Networks, Onto Innovation, and Fortinet are better-ranked stocks in the sector, each holding a Zacks Rank 2 (Buy) [6]

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 ...