Manhattan Associates(US:MANH) Prnewswire·2025-02-06 22:56Core Viewpoint - Manhattan Associates, Inc. experienced a significant decline in stock price following disappointing Q4 and FY 2024 financial results, along with lower-than-expected revenue guidance for 2025, leading to an investigation into the company's public statements regarding its services business [1][7]. Financial Performance - For Q4 2024, Manhattan Associates reported services revenue of $119.5 million, reflecting a minimal growth of 0.3% year-over-year, which was approximately $2 million below prior guidance [4]. - The company anticipates modest total revenue growth of 2% to 3% for FY 2025, with GAAP EPS expected to decline by 10% to 13% [6]. Business Challenges - The company cited delays in professional services work and deferred deals as contributing factors to its disappointing performance, predicting that services revenue would reach a low point in Q1 2025 [5]. - Approximately 10% of customers with ongoing implementations have reduced their planned services work for the upcoming calendar and fiscal year, indicating emerging challenges in the services business [6]. Market Reaction - Following the announcements, Manhattan Associates' stock price fell by approximately 24% on January 29, 2025, resulting in a loss of over $4 billion in shareholder value [7].