INVESTOR ALERT: Pomerantz Law Firm Reminds Investors with Losses on their Investment in Manhattan Associates, Inc. of Class Action Lawsuit and Upcoming Deadlines - MANH

Core Viewpoint - A class action lawsuit has been filed against Manhattan Associates, alleging securities fraud and unlawful business practices [2][3]. Financial Performance - For Q4 2024, Manhattan Associates reported services revenue of $119.5 million, a growth of only 0.3% year-over-year, and approximately $2 million below the guidance provided in October 2024 [3]. - The company anticipates that services revenue will reach a low point in Q1 2025, with solid revenue growth expected to resume by mid-year [3]. - Manhattan Associates projects modest revenue growth of 2% to 3% for 2025, while GAAP EPS is expected to decline by 10% to 13% [3]. Market Reaction - Following the financial results announcement, Manhattan Associates' stock price fell by $72.26 per share, or 24.49%, closing at $222.84 per share on January 29, 2025 [4]. Customer Challenges - Approximately 10% of customers with ongoing implementations have scaled back their planned services work for the upcoming calendar and fiscal year, indicating emerging challenges in the services business [3].