Core Insights - Autodesk Inc's stock increased by 4.7% to $308.35 following better-than-expected Q3 results, reporting earnings of $2.67 per share on revenue of $1.85 billion, driven by demand for cloud subscriptions and AI design tools [1] Group 1: Stock Performance - The stock reached a high of $320, the highest level since early October, and remains in positive territory for the year despite paring some gains [2] - Options trading activity surged, with 6,350 calls and 3,673 puts exchanged, indicating seven times the average daily options volume [2] Group 2: Market Sentiment - Autodesk's put/call open interest ratio (SOIR) of 1.44 is in the 95th percentile of its annual range, indicating unusually high bearish sentiment in the options market [3] - A premium-selling strategy may be advisable, as Autodesk's Volatility Scorecard (SVS) is at 10 out of 100, suggesting the stock has experienced lower volatility than what options pricing indicates [3]

Q3 2025 Financial Highlights - Cloud subscriptions revenue reached $1136 million, a 21% year-over-year increase[9] - Total revenue for Q3 2025 was $1870 million, also up 21% year-over-year[9] - Subscriptions revenue in Q3 2025 amounted to $1472 million, reflecting a 20% year-over-year growth[9] - Adjusted EBITDA for Q3 2025 stood at $322 million[8] Gross Margin Performance - Subscriptions gross margin was 88%[9] - Professional services gross margin was 34%[9] - Overall gross margin was 77%[9] Revenue Retention and Renewal - Cloud Subscriptions Revenue Retention was 111% as of September 30, 2025[37] - Cloud Gross Renewal Rate was 98% in Q3 2025[14] Q4 2025 Guidance - Cloud subscriptions revenue is projected to be between $1150 million and $1170 million, representing a year-over-year growth of 16% to 18%[38] - Total revenue is expected to range from $1870 million to $1910 million, indicating a year-over-year increase of 12% to 15%[38] - Adjusted EBITDA is forecasted to be between $100 million and $130 million[38] - Non-GAAP diluted earnings per share are anticipated to be between $004 and $008[38]

Core Insights - Manhattan Associates reported revenue of $275.8 million for Q3 2025, a year-over-year increase of 3.4%, with an EPS of $1.36 compared to $1.35 a year ago, exceeding the Zacks Consensus Estimate of $271.32 million by 1.65% and delivering an EPS surprise of 15.25% [1] Revenue Breakdown - Cloud subscriptions revenue was $104.85 million, surpassing the five-analyst average estimate of $104.52 million, reflecting a year-over-year increase of 21.2% [4] - Maintenance revenue was $30.49 million, below the five-analyst average estimate of $31.96 million, showing a year-over-year decline of 11.6% [4] - Hardware revenue reached $6.09 million, slightly below the estimated $6.28 million, but marked a year-over-year increase of 23.4% [4] - Software license revenue was $1.36 million, below the five-analyst average estimate of $1.67 million, indicating a significant year-over-year decline of 64% [4] - Services revenue totaled $133.01 million, exceeding the average estimate of $126.89 million, but reflecting a year-over-year decrease of 2.9% [4] - Combined revenue from Cloud Subscriptions, Maintenance, and Services was $268.35 million, compared to the average estimate of $263.37 million [4] Stock Performance - Shares of Manhattan Associates have returned -7.3% over the past month, contrasting with the Zacks S&P 500 composite's +1.2% change, and the stock currently holds a Zacks Rank 4 (Sell), indicating potential underperformance in the near term [3]

Q2 2025 Financial Highlights - Cloud subscriptions revenue reached $1069 million, a 21% year-over-year increase[10] - Total revenue was $1706 million, up 17% year-over-year[10] - Subscriptions revenue totaled $1327 million, reflecting a 17% year-over-year growth[10] - Adjusted EBITDA for Q2 2025 was $81 million[7] Margins - Subscriptions gross margin was 87%[10] - Professional services gross margin was 33%[10] - Overall gross margin was 75%[10] Revenue Retention - Cloud subscriptions revenue retention rate stood at 111% as of June 30, 2025[8,33] Guidance - Q3 2025 cloud subscriptions revenue is projected to be between $1090 million and $1110 million, representing a 16%-18% year-over-year growth[34] - Full year 2025 cloud subscriptions revenue is expected to range from $4290 million to $4330 million, indicating a 17%-18% year-over-year increase[34] - Full year 2025 total revenue is forecasted to be between $6950 million and $7030 million, a 13%-14% year-over-year increase[34]

Core Insights - Manhattan Associates reported revenue of $272.42 million for the quarter ended June 2025, marking a year-over-year increase of 2.7% and exceeding the Zacks Consensus Estimate by 3.47% [1] - The company's EPS for the same period was $1.31, up from $1.18 a year ago, representing a surprise of 16.96% over the consensus estimate of $1.12 [1] Revenue Breakdown - Software license revenue was $1.53 million, falling short of the estimated $1.94 million, reflecting a significant year-over-year decline of 50.1% [4] - Hardware revenue reached $6.52 million, slightly above the estimated $6.47 million, but showed a year-over-year decrease of 16.4% [4] - Services revenue was reported at $128.9 million, exceeding the estimate of $125.36 million, yet down 5.8% compared to the previous year [4] - Maintenance revenue was $35.06 million, surpassing the estimate of $29.93 million, with a minor year-over-year decline of 0.6% [4] - Cloud subscriptions generated $100.42 million, exceeding the average estimate of $99.53 million, and represented a year-over-year increase of 21.9% [4] Stock Performance - Over the past month, shares of Manhattan Associates have returned +3.7%, compared to a +5.9% change in the Zacks S&P 500 composite [3] - The stock currently holds a Zacks Rank 3 (Hold), indicating potential performance in line with the broader market in the near term [3]

Financial Performance - Total revenue for Q1 2025 was $1664 million, an 11% increase compared to Q1 2024[10] - Cloud subscriptions revenue reached $998 million in Q1 2025, a 15% growth from Q1 2024[10] - Subscriptions revenue totaled $1344 million in Q1 2025, reflecting a 14% increase year-over-year[10] - Adjusted EBITDA for Q1 2025 was $168 million[7] Margins - Subscriptions gross margin was 89%[10] - Professional services gross margin was 30%[10] - Overall gross margin stood at 78%[10] Customer Retention - Cloud subscriptions revenue retention rate was 112% as of March 31, 2025[8] - Cloud Gross Renewal Rate was 99% in Q1 2025[17] Guidance for Q2 and Full Year 2025 - Q2 2025 cloud subscriptions revenue is projected to be between $1010 million and $1030 million, representing a 14%-16% year-over-year growth[39] - Full year 2025 cloud subscriptions revenue is expected to range from $4190 million to $4230 million, a 14%-15% increase[39] - Full year 2025 total revenue is forecasted to be between $6800 million and $6880 million, indicating a 10%-12% growth[39]

Core Insights - Manhattan Associates reported revenue of $262.79 million for the quarter ended March 2025, marking a year-over-year increase of 3.2% and an EPS of $1.19 compared to $1.03 a year ago, with a revenue surprise of +2.29% over the Zacks Consensus Estimate [1] - The EPS surprise was +16.67% compared to the consensus estimate of $1.02 [1] Revenue Breakdown - Software license revenue was $9.29 million, exceeding the three-analyst average estimate of $7.90 million, representing a year-over-year change of +230.7% [4] - Hardware revenue was $5.92 million, below the three-analyst average estimate of $6.81 million, reflecting a year-over-year change of -9.6% [4] - Services revenue was $121.13 million, slightly above the two-analyst average estimate of $117.39 million, showing a year-over-year decline of -8.4% [4] - Maintenance revenue was $32.14 million, surpassing the two-analyst average estimate of $31.52 million, with a year-over-year change of -8.1% [4] - Cloud subscriptions revenue reached $94.31 million, exceeding the two-analyst average estimate of $93.54 million, indicating a year-over-year increase of +20.9% [4] Stock Performance - Shares of Manhattan Associates have returned -9.8% over the past month, compared to the Zacks S&P 500 composite's -8.9% change, with a current Zacks Rank of 3 (Hold) suggesting potential performance in line with the broader market [3]