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.
Manhattan Associates
Manhattan Associates
Manhattan Associates Revenue by Segment
Manhattan Associates Revenue by Geographic Location
Revenue by Segment
Cloud subscriptions Revenue
CapyFin.comSoftware license Revenue
CapyFin.comMaintenance Revenue
CapyFin.comServices Revenue
CapyFin.comHardware Revenue
CapyFin.comRevenue by Geographic Location
Americas Revenue
CapyFin.comEMEA Revenue
CapyFin.comAPAC Revenue
CapyFin.com 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%.
- The severity, duration, and ultimate impact of the COVID-19 pandemic are difficult to predict at this time.
Revenue & Expenses
Visualization of income flow from segment revenue to net income