Manhattan Associates Q1 2022 Earnings Report
Key Takeaways
Manhattan Associates reported a strong start to 2022, with robust demand for its cloud-native suite of Manhattan Active® solutions driving solid pipeline and revenue momentum. Cloud and services revenue growth exceeded expectations, leading to exceptional operating results, and the company raised its 2022 guidance.
Consolidated total revenue was $179.0 million for Q1 2022, compared to $156.9 million for Q1 2021.
GAAP diluted earnings per share was $0.48 for Q1 2022, compared to $0.35 for Q1 2021.
Adjusted diluted earnings per share, a non-GAAP measure, was $0.60 for Q1 2022, compared to $0.43 for Q1 2021.
GAAP operating income was $34.0 million for Q1 2022, compared to $25.4 million for Q1 2021.
Manhattan Associates
Manhattan Associates
Manhattan Associates Revenue by Segment
Manhattan Associates Revenue by Geographic Location
Forward Guidance
Manhattan Associates provides revenue, operating margin and diluted earnings per share guidance for the full year 2022.
Positive Outlook
- Total revenue $720 to $727 million, 8% to 9% growth
- GAAP operating margin 16.0% to 16.7%
- Adjusted operating margin 24.2% to 24.8%
- GAAP EPS $1.45 to $1.53, -16% to -11%
- Adjusted EPS $2.14 to $2.22, -4% to 0%
Revenue & Expenses
Visualization of income flow from segment revenue to net income