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Jun 30, 2024
Manhattan Associates Q2 2024 Earnings Report
Manhattan Associates reported record revenue and earnings, driven by strong demand and RPO bookings increase.
Key Takeaways
Manhattan Associates reported a strong second quarter with record revenue of $265.3 million, a significant increase from $231.0 million in Q2 2023. GAAP diluted earnings per share rose to $0.85, and non-GAAP adjusted diluted earnings per share reached $1.18. The company's business fundamentals are solid, and they are optimistic about their growing opportunity, entering the second half of the year with a record pipeline.
Consolidated total revenue was $265.3 million for Q2 2024, compared to $231.0 million for Q2 2023.
Cloud subscription revenue was $82.4 million for Q2 2024, compared to $60.9 million for Q2 2023.
GAAP diluted earnings per share was $0.85 for Q2 2024, compared to $0.63 for Q2 2023.
Adjusted diluted earnings per share, a non-GAAP measure, was $1.18 for Q2 2024, compared to $0.88 for Q2 2023.
Revenue by Segment
Revenue by Geographic Location
Forward Guidance
Manhattan Associates provides revenue guidance for the full year 2024: Total revenue is expected to be between $1,036 million and $1,044 million.
Positive Outlook
- Total revenue - current guidance: $1,036 to $1,044 million
- Total revenue growth - current guidance: 12%
- GAAP EPS - current guidance: $3.08 to $3.16
- Adjusted EPS - current guidance: $4.22 to $4.30
- Adjusted EPS growth - current guidance: 13% to 15%
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
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