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INVESTOR ALERT: Pomerantz Law Firm Investigates Claims On Behalf of Investors of Manhattan Associates, Inc. - MANH
MANHManhattan Associates(MANH) Prnewswire·2025-02-04 22:25

Core Insights - Manhattan Associates is under investigation for potential securities fraud and unlawful business practices [1] - The company reported a services revenue of 119.5millionforQ42024,reflectingaminimalgrowthof0.3119.5 million for Q4 2024, reflecting a minimal growth of 0.3% year-over-year and falling short of previous guidance by approximately 2 million [2] - The company anticipates a low point in services revenue in Q1 2025, with modest revenue growth projected at 2% to 3% for 2025 and a decline in GAAP EPS by 10% to 13% [2] - Following the financial results announcement, Manhattan Associates' stock price dropped by 24.49%, closing at 222.84pershare[3]FinancialPerformanceQ42024servicesrevenue:222.84 per share [3] Financial Performance - Q4 2024 services revenue: 119.5 million, up 0.3% year-over-year [2] - Revenue guidance missed by approximately 2million[2]Projectedrevenuegrowthfor2025:22 million [2] - Projected revenue growth for 2025: 2% to 3% [2] - Expected decline in GAAP EPS: 10% to 13% [2] Market Reaction - Stock price decline: 72.26 per share, or 24.49%, closing at $222.84 on January 29, 2025 [3]