Overview

* Manhattan Associates ( MANH ) 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 ( MANH ) expects 2025 revenue between $1.071 bln and $1.075 bln

* Company sees 2025 GAAP EPS between $3.23 and $3.31

* Manhattan Associates ( MANH ) 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/Mis Actual Consensu

s s

Estimate

Q2 Beat $272.40 $263.70

Revenue mln mln (7

Analysts

)

Q2 Beat $1.31 $1.13 (8

Adjusted Analysts

EPS )

Q2 EPS $0.93

Q2 Cloud $2 bln

Revenue

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 ( MANH ) 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:

(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.)