Loading...
•
Mar 31, 2020
Manhattan Associates Q1 2020 Earnings Report
Reported record revenue and solid performance despite COVID-19 impact.
Key Takeaways
Manhattan Associates reported a record first-quarter revenue of $153.9 million, with GAAP diluted earnings per share at $0.35 and non-GAAP adjusted diluted earnings per share at $0.40. The company's cloud business outperformed, demonstrating noticeable revenue growth and continued strength in overall bookings. Due to the COVID-19 pandemic, the company is taking a conservative approach and updating its full-year financial guidance to reflect current visibility.
Consolidated total revenue reached $153.9 million, compared to $148.4 million in the same quarter last year.
Cloud subscription revenue was $17.3 million, a notable increase from $7.9 million in the previous year.
GAAP diluted earnings per share was $0.35, compared to $0.32 in the first quarter of the prior year.
Adjusted diluted earnings per share, a non-GAAP measure, was $0.40, slightly lower than $0.41 in the prior year.
Revenue by Segment
Revenue by Geographic Location
Forward Guidance
Manhattan Associates updated its full-year 2020 financial guidance to reflect the current business environment, considering the impact of the COVID-19 pandemic.
Positive Outlook
- Total revenue is expected to be between $541 million and $565 million.
- GAAP operating margin is projected to be between 17.5% and 17.9%.
- Adjusted operating margin is anticipated to be between 22.9% and 23.1%.
- GAAP EPS is forecasted to be between $1.16 and $1.24.
- Adjusted EPS is expected to be between $1.50 and $1.58.
Challenges Ahead
- Total revenue current guidance reflects a decrease of -12% to -9%.
- Previous total revenue guidance reflected an increase of 4% to 6%.
- GAAP EPS current guidance reflects a decrease of -12% to -6%.
- Adjusted EPS current guidance reflects a decrease of -14% to -9%.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
Loading earnings performance data...
Loading earnings reaction data...