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Manhattan Associates (MANH) Q2 Earnings and Revenues Beat Estimates
ZACKS· 2024-07-23 22:15
This quarterly report represents an earnings surprise of 22.92%. A quarter ago, it was expected that this business software company would post earnings of $0.87 per share when it actually produced earnings of $1.03, delivering a surprise of 18.39%. Manhattan Associates, which belongs to the Zacks Computer - Software industry, posted revenues of $265.32 million for the quarter ended June 2024, surpassing the Zacks Consensus Estimate by 3.61%. This compares to year-ago revenues of $231.02 million. The company ...
Manhattan Associates(MANH) - 2024 Q2 - Quarterly Results
2024-07-23 20:04
Exhibit 99.1 Manhattan Associates Reports Record Revenue and Earnings RPO Bookings Increase 29% over Prior Year on Strong Demand Company Raises 2024 Full-Year Guidance "Our second quarter was another solid quarter of growth, margin expansion, and cash flow. We have achieved record second quarter and first half results, each exceeding expectations," said Manhattan Associates president and CEO Eddie Capel. SECOND QUARTER 2024 FINANCIAL SUMMARY: tel + 1 770 955 7070 fax + 1 770 955 0302 info@manh.com www.manh. ...
Manhattan Associates (MANH) Soars 3.0%: Is Further Upside Left in the Stock?
ZACKS· 2024-06-24 08:30
For Manhattan Associates, the consensus EPS estimate for the quarter has remained unchanged over the last 30 days. And a stock's price usually doesn't keep moving higher in the absence of any trend in earnings estimate revisions. So, make sure to keep an eye on MANH going forward to see if this recent jump can turn into more strength down the road. Manhattan Associates (MANH) shares ended the last trading session 3% higher at $240.11. The jump came on an impressive volume with a higher-than-average number o ...
Manhattan Associates(MANH) - 2024 Q1 - Quarterly Report
2024-04-26 20:28
UNITED STATES SECURITIES AND EXCHANGE COMMISSION 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 For the quarterly period ended March 31, 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) Georgia 58-2373 ...
Here's What Key Metrics Tell Us About Manhattan Associates (MANH) Q1 Earnings
Zacks Investment Research· 2024-04-24 00:01
Manhattan Associates (MANH) reported $254.55 million in revenue for the quarter ended March 2024, representing a year-over-year increase of 15.2%. EPS of $1.03 for the same period compares to $0.80 a year ago.The reported revenue compares to the Zacks Consensus Estimate of $243.32 million, representing a surprise of +4.62%. The company delivered an EPS surprise of +18.39%, with the consensus EPS estimate being $0.87.While investors closely watch year-over-year changes in headline numbers -- revenue and earn ...
Manhattan Associates(MANH) - 2024 Q1 - Earnings Call Transcript
2024-04-23 23:06
Financial Data and Key Metrics Changes - Q1 total revenue increased 15% to $255 million, adjusted earnings per share increased 29% to $1.03, both exceeding expectations [4][39] - RPO increased 31% to just over $1.5 billion, indicating strong demand for cloud solutions [11][39] - Adjusted operating profit was $80 million with an adjusted operating margin of 31.3%, up 250 basis points year-over-year [24] Business Line Data and Key Metrics Changes - Cloud revenue grew 36% to $78 million, while services revenue increased 14% to $132 million [4][39] - Professional services team completed over 100 go-lives, contributing to services revenue growth [6] Market Data and Key Metrics Changes - Retail, manufacturing, and wholesale sectors drove over 80% of bookings in the quarter [11] - New customers accounted for approximately one-third of new bookings, indicating a healthy mix of conversions, upsells, and cross-sells [5] Company Strategy and Development Direction - The company continues to invest in innovation and customer success, aiming to expand its addressable market [6][16] - Strategic investments include enhancements in supply chain execution and omni-channel solutions, with a focus on delivering industry-leading features [19][20] Management's Comments on Operating Environment and Future Outlook - Management remains cautiously optimistic about business opportunities despite global macroeconomic uncertainties [46] - The company is raising its 2024 revenue guidance to a range of $1.026 billion to $1.034 billion, representing 17% growth [43][42] Other Important Information - Deferred revenue increased 21% to $265 million, with a strong cash position of $208 million and zero debt [25] - The company plans to hire several hundred associates in 2024, having already welcomed over 100 new employees in Q1 [6][94] Q&A Session Summary Question: Update on Cloud WMS adoption - Management reported strong momentum with customers going live at a rate of over one site per month, particularly in large automated facilities [48] Question: Timeline for global supply chain projects - The rollout of a unified supply chain execution program across multiple distribution centers typically takes about three years [55] Question: Feedback on point of sale solutions - The company continues to receive positive feedback, securing new customers and expanding its point of sale offerings [57] Question: Update on Shopify partnership - The partnership is progressing well, with ongoing integration efforts and a focus on e-commerce platform replacements [61] Question: Demand backdrop and market volatility - Management acknowledged ongoing macro volatility but noted strong performance across diverse verticals [84][105]
Manhattan Associates(MANH) - 2024 Q1 - Quarterly Results
2024-04-23 20:05
Exhibit 99.1 Contact: Michael Bauer Rick Fernandez Senior Director, Investor Relations 678-597-7538 678-597-6988 mbauer@manh.com rfernandez@manh.com Director, Corporate Communications Manhattan Associates, Inc. Manhattan Associates, Inc. Manhattan Associates Reports Record First Quarter Results RPO Bookings Increase 31% over Prior Year on Solid Demand Company Raises 2024 Full-Year Guidance ATLANTA – April 23, 2024 – Leading Supply Chain and Omnichannel Commerce Solutions provider Manhattan Associates Inc. ( ...
Manhattan Associates Selects TeamViewer as Strategic Partner for Warehouse Vision Picking
Prnewswire· 2024-04-23 14:00
GOPPINGEN, Germany, April 23, 2024 /PRNewswire/ -- TeamViewer, a leading global provider of remote connectivity and workplace digitalization solutions, today announced a strategic partnership with Manhattan Associates, a leader in warehouse efficiency and supply chain solutions. This collaboration leverages Manhattan Associates' extensive industry footprint and TeamViewer's innovative technology to digitalize warehouse operations worldwide. Manhattan Associates plans to integrate TeamViewer's leading vision ...
Countdown to Manhattan Associates (MANH) Q1 Earnings: A Look at Estimates Beyond Revenue and EPS
Zacks Investment Research· 2024-04-22 14:22
Wall Street analysts forecast that Manhattan Associates (MANH) will report quarterly earnings of $0.87 per share in its upcoming release, pointing to a year-over-year increase of 8.8%. It is anticipated that revenues will amount to $243.32 million, exhibiting an increase of 10.1% compared to the year-ago quarter.Over the past 30 days, the consensus EPS estimate for the quarter has remained unchanged. This demonstrates the covering analysts' collective reassessment of their initial projections during this pe ...
Manhattan Associates(MANH) - 2023 Q4 - Annual Report
2024-02-05 23:42
UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-K (Mark One) ☑ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2023 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: 000-23999 Manhattan Associates, Inc. (Exact name of registrant as specified in its charter) | Georgia | | | --- | --- | | (State or othe ...