Manhattan Associates beats Q2 revenue estimates on strong cloud subscription

Manhattan Associates

22/07/2025 21:25

Corrects cloud subscription figure to $100.4 mln in key details table

Overview

Manhattan Associates Q2 revenue of $272.4 mln beats analyst expectations, per LSEG data

Adjusted EPS for Q2 at $1.31, surpasses consensus estimates, per LSEG data

Co repurchased 262,341 shares for $49.6 mln, replenished buyback authority to $100 mln

Outlook

Manhattan Associates expects 2025 revenue between $1.071 bln and $1.075 bln

Company sees 2025 GAAP EPS between $3.23 and $3.31

Manhattan Associates projects 2025 adjusted EPS of $4.76 to $4.84

Company anticipates 2025 GAAP operating margin between 24.1% and 24.6%

Result Drivers

CLOUD REVENUE GROWTH - 22% increase in cloud subscription revenue to $100.4 mln, driving overall revenue growth

RPO MILESTONE - RPO surpassing $2 bln, indicating strong future revenue potential

MACRO ENVIRONMENT - Co acknowledges challenging global macro environment but highlights cloud platform leadership as a competitive advantage

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q2 Revenue
Beat
$272.40 mln
$263.70 mln (7 Analysts)
Q2 Adjusted EPS
Beat
$1.31
$1.13 (8 Analysts)
Q2 EPS
$0.93
Q2 Cloud Revenue
$100.4 mln


Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 6 "strong buy" or "buy", 4 "hold" and 1 "sell" or "strong sell"

The average consensus recommendation for the it services & consulting peer group is "buy"

Wall Street's median 12-month price target for Manhattan Associates Inc is $200.00, about 0.1% above its July 21 closing price of $199.73

The stock recently traded at 41 times the next 12-month earnings vs. a P/E of 37 three months ago

Press Release: ID:nBw9zq7p1a

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)