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 ...

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]

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. ( ...

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 ...

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 ...

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 ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION ☐ 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) 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 September 30, 2023 OR Georgia 58- ...

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 June 30, 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: 0-23999 MANHATTAN ASSOCIATES, INC. (Exact Name of Registrant as Specified in Its Charter) Georgia 58-23734 ...

PART I FINANCIAL INFORMATION [Item 1. Financial Statements](index=3&type=section&id=Item%201.%20Financial%20Statements.) Q1 2023 financial statements reflect a decrease in total assets and equity, with revenue growing to $221.0 million and net income reaching $38.8 million, despite substantial share repurchases [Condensed Consolidated Balance Sheets](index=3&type=section&id=Condensed%20Consolidated%20Balance%20Sheets) As of March 31, 2023, total assets decreased to $530.8 million and shareholders' equity declined to $181.1 million, primarily due to reduced cash and share repurchases Condensed Consolidated Balance Sheet Highlights (in thousands) | Account | March 31, 2023 (unaudited) | December 31, 2022 | | :--- | :--- | :--- | | Cash and cash equivalents | $181,595 | $225,463 | | Total current assets | $371,504 | $415,375 | | Total assets | $530,843 | $570,178 | | Deferred revenue | $216,312 | $208,807 | | Total current liabilities | $322,753 | $315,595 | | Total shareholders' equity | $181,072 | $226,800 | | Total liabilities and shareholders' equity | $530,843 | $570,178 | [Condensed Consolidated Statements of Income](index=4&type=section&id=Condensed%20Consolidated%20Statements%20of%20Income) Q1 2023 saw total revenue increase 23.5% to $221.0 million, driven by cloud subscriptions, with net income rising 26.8% to $38.8 million Q1 2023 vs. Q1 2022 Income Statement (in thousands, except per share data) | Metric | Q1 2023 (unaudited) | Q1 2022 (unaudited) | YoY Change | | :--- | :--- | :--- | :--- | | Cloud subscriptions Revenue | $57,220 | $37,297 | +53.4% | | Total revenue | $221,013 | $178,956 | +23.5% | | Operating income | $47,085 | $33,972 | +38.6% | | Net income | $38,791 | $30,592 | +26.8% | | Diluted earnings per share | $0.62 | $0.48 | +29.2% | [Condensed Consolidated Statements of Cash Flows](index=6&type=section&id=Condensed%20Consolidated%20Statements%20of%20Cash%20Flows) Q1 2023 operating cash flow significantly increased to $58.7 million, but substantial share repurchases led to a net decrease in cash and cash equivalents of $43.9 million Cash Flow Summary for Three Months Ended March 31 (in thousands) | Cash Flow Activity | 2023 (unaudited) | 2022 (unaudited) | | :--- | :--- | :--- | | Net cash provided by operating activities | $58,716 | $31,792 | | Net cash used in investing activities | ($666) | ($1,159) | | Net cash used in financing activities | ($101,688) | ($77,108) | | Net change in cash and cash equivalents | ($43,868) | ($47,389) | [Notes to Condensed Consolidated Financial Statements](index=8&type=section&id=Notes%20to%20Condensed%20Consolidated%20Financial%20Statements) Notes detail accounting policies, showing $1.2 billion in RPO primarily from cloud subscriptions, an increased effective tax rate, and the Americas as the largest revenue segment - As of March 31, 2023, the company has approximately **$1.2 billion** in Remaining Performance Obligations (RPO), with **98%** related to cloud-native subscriptions. About **40%** of this is expected to be recognized as revenue over the next 24 months[36](index=36&type=chunk) - The effective tax rate for Q1 2023 was **17.9%**, a significant increase from **11.9%** in Q1 2022. The rise is attributed to a net decrease in excess tax benefits from restricted stock vesting[50](index=50&type=chunk) Revenue by Segment (in thousands) | Segment | Q1 2023 Revenue | Q1 2022 Revenue | | :--- | :--- | :--- | | Americas | $170,759 | $139,540 | | EMEA | $39,658 | $32,151 | | APAC | $10,596 | $7,265 | [Item 2. Management's Discussion and Analysis of Financial Condition and Results of Operations](index=14&type=section&id=Item%202.%20Management's%20Discussion%20and%20Analysis%20of%20Financial%20Condition%20and%20Results%20of%20Operations.) Management reports strong Q1 2023 results driven by cloud solutions, with total revenue up 24% to $221.0 million and improved operating margin, as the company transitions to a cloud-first model with strategic growth goals - The company's business is transitioning to a **cloud-first model**, with cloud solutions accounting for **91%** of total software revenue in Q1 2023[72](index=72&type=chunk) - Remaining Performance Obligation (RPO) grew **42%** over the prior year, reaching approximately **$1.2 billion** as of March 31, 2023, with **98%** being cloud-native subscriptions[78](index=78&type=chunk) - Strategic goals for 2023 include focusing on employees and customer success, investing in innovation, expanding the Manhattan Active cloud suite, growing cloud subscription revenue, and expanding global sales and marketing teams[70](index=70&type=chunk)[76](index=76&type=chunk) [Results of Operations](index=17&type=section&id=Results%20of%20Operations) Q1 2023 total revenue increased 24% to $221.0 million, driven by a 53% surge in cloud subscriptions, while operating income rose 39% to $47.1 million across all geographic segments Revenue by Type - Q1 2023 vs Q1 2022 (in thousands) | Revenue Type | Q1 2023 | Q1 2022 | % Change | | :--- | :--- | :--- | :--- | | Cloud subscriptions | $57,220 | $37,297 | 53% | | Software license | $5,352 | $8,358 | -36% | | Maintenance | $35,650 | $35,302 | 1% | | Services | $116,170 | $89,918 | 29% | | Hardware | $6,621 | $8,081 | -18% | | **Total revenue** | **$221,013** | **$178,956** | **24%** | Operating Income by Segment - Q1 2023 vs Q1 2022 (in thousands) | Segment | Q1 2023 | Q1 2022 | % Change | | :--- | :--- | :--- | :--- | | Americas | $29,647 | $21,393 | 39% | | EMEA | $12,793 | $10,517 | 22% | | APAC | $4,645 | $2,062 | 125% | | **Total operating income** | **$47,085** | **$33,972** | **39%** | [Liquidity and Capital Resources](index=22&type=section&id=Liquidity%20and%20Capital%20Resources) Q1 2023 operating cash flow increased to $58.7 million, funding operations and share repurchases, with the company maintaining $181.6 million in cash and no debt - Cash flow from operating activities increased to **$58.7 million** in Q1 2023, compared to **$31.8 million** in Q1 2022, driven by earnings growth and timing of customer collections[115](index=115&type=chunk) - The company repurchased **$101.7 million** of its common stock in Q1 2023[117](index=117&type=chunk) - As of March 31, 2023, the company had **$181.6 million** in cash and cash equivalents and no debt[90](index=90&type=chunk)[114](index=114&type=chunk) [Item 3. Quantitative and Qualitative Disclosures About Market Risk](index=24&type=section&id=Item%203.%20Quantitative%20and%20Qualitative%20Disclosures%20About%20Market%20Risk.) No material changes occurred in the company's quantitative and qualitative disclosures about market risk from the prior annual report - There were no material changes to market risk disclosures from the most recent Form 10-K[125](index=125&type=chunk) [Item 4. Controls and Procedures](index=24&type=section&id=Item%204.%20Controls%20and%20Procedures.) Management concluded that disclosure controls and procedures were effective, with no material changes to internal control over financial reporting during the quarter - The CEO and CFO concluded that as of March 31, 2023, the company's disclosure controls and procedures were effective in providing reasonable assurance[128](index=128&type=chunk) - No changes occurred in the company's internal control over financial reporting during Q1 2023 that would have a material effect[129](index=129&type=chunk) PART II OTHER INFORMATION [Item 1. Legal Proceedings](index=25&type=section&id=Item%201.%20Legal%20Proceedings.) The company is not currently involved in any legal proceedings expected to have a material adverse impact on its business or financial position - The company is not currently involved in any legal proceedings expected to have a material adverse impact[131](index=131&type=chunk) [Item 1A. Risk Factors](index=25&type=section&id=Item%201A.%20Risk%20Factors.) No new risk factors are presented in this report, with investors directed to the comprehensive disclosures in the prior annual Form 10-K - The report refers to the risk factors disclosed in the Annual Report on Form 10-K for the year ended December 31, 2022, for a comprehensive understanding of potential risks[133](index=133&type=chunk) [Item 2. Unregistered Sales of Equity Securities and Use of Proceeds](index=25&type=section&id=Item%202.%20Unregistered%20Sales%20of%20Equity%20Securities%20and%20Use%20of%20Proceeds.) During Q1 2023, the company repurchased 514,838 shares of common stock, with the Board replenishing the share repurchase authority to $75.0 million in April 2023 Share Repurchases for Q1 2023 | Period | Total Shares Purchased | Average Price Paid per Share | | :--- | :--- | :--- | | Jan 1 - Jan 31, 2023 | - | - | | Feb 1 - Feb 28, 2023 | 274,254 | $144.89 | | Mar 1 - Mar 31, 2023 | 240,584 | $143.15 | | **Total** | **514,838** | **N/A** | - In April 2023, the Board of Directors replenished the company's share repurchase authority to an aggregate of **$75.0 million**[135](index=135&type=chunk) [Item 6. Exhibits](index=26&type=section&id=Item%206.%20Exhibits.) This section lists exhibits filed with the Form 10-Q, including CEO and CFO certifications and Inline XBRL documents - Exhibits filed include CEO and CFO certifications pursuant to Sarbanes-Oxley Act Sections 302 and 906[140](index=140&type=chunk)

Manhattan Associates, Inc. (NASDAQ:MANH) Q1 2023 Earnings Conference Call April 25, 2023 4:30 PM ET Company Participants Michael Bauer - Head of IR Eddie Capel - President and CEO Dennis Story - EVP and CFO Conference Call Participants Terry Tillman - Truist Securities Brian Peterson - Raymond James Joe Vruwink - Baird Matt Pfau - William Blair Mark Schappel - Loop Capital Markets Blair Abernethy - Rosenblatt Securities Operator Good afternoon. My name is Robert and I'll be your conference facilitator today ...