Manhattan Associates Q2 2021 Earnings Report
Key Takeaways
Manhattan Associates reported a strong second quarter with record total revenue of $166.1 million and record earnings per share, driven by accelerating demand for its cloud solutions. RPO increased 117% to $489 million and the company raised its 2021 full-year revenue and EPS guidance.
Consolidated total revenue reached $166.1 million, a notable increase from $135.6 million in Q2 2020.
Cloud subscription revenue grew to $28.6 million, up from $18.5 million in the prior year's quarter.
GAAP diluted earnings per share rose to $0.48, compared to $0.30 in Q2 2020.
Adjusted diluted earnings per share, a non-GAAP measure, was $0.61, exceeding the $0.40 reported in Q2 2020.
Manhattan Associates
Manhattan Associates
Manhattan Associates Revenue by Segment
Manhattan Associates Revenue by Geographic Location
Forward Guidance
Manhattan Associates raised its full year 2021 revenue and EPS guidance.
Positive Outlook
- Total revenue current guidance between $643 million and $650 million, representing a 10% to 11% growth range.
- GAAP operating margin current guidance between 18.8% and 19.4%.
- Adjusted operating margin current guidance between 25.5% and 26.0%.
- GAAP EPS current guidance between $1.50 and $1.56, representing a 10% to 15% growth range.
- Adjusted EPS current guidance between $2.00 and $2.06, representing a 14% to 17% growth range.
Revenue & Expenses
Visualization of income flow from segment revenue to net income