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Sep 30, 2024
Manhattan Associates Q3 2024 Earnings Report
Reported record revenue and earnings with RPO bookings increasing 27% over the prior year due to strong demand.
Key Takeaways
Manhattan Associates reported revenue of $266.7 million for the third quarter ended September 30, 2024. GAAP diluted earnings per share for Q3 2024 was $1.03, while non-GAAP adjusted diluted earnings per share was $1.35.
Consolidated total revenue was $266.7 million for Q3 2024, compared to $238.4 million for Q3 2023.
Cloud subscription revenue was $86.5 million for Q3 2024, compared to $65.0 million for Q3 2023.
GAAP diluted earnings per share was $1.03 for Q3 2024, compared to $0.79 for Q3 2023.
Adjusted diluted earnings per share, a non-GAAP measure, was $1.35 for Q3 2024, compared to $1.05 for Q3 2023.
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 provides the following revenue, operating margin and diluted earnings per share guidance for the full year 2024.
Positive Outlook
- Total revenue - current guidance $1,039 to $1,041 million, 12% growth
- GAAP operating margin - current guidance 24.9% to 25.0%
- Adjusted operating margin - current guidance 34.0% to 34.1%
- GAAP EPS - current guidance $3.47 to $3.49, 23% to 24% growth
- Adjusted EPS - current guidance $4.60 to $4.62, 23% to 24% growth
Revenue & Expenses
Visualization of income flow from segment revenue to net income