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Dec 31, 2023
Manhattan Associates Q4 2023 Earnings Report
Reported record fourth quarter and full year results, with RPO bookings increasing 36% year-over-year due to strong demand.
Key Takeaways
Manhattan Associates reported strong Q4 2023 results, exceeding expectations and capping a successful year. Revenue reached $238.3 million, with GAAP EPS at $0.78 and non-GAAP EPS at $1.03. The company is optimistic about its growing market opportunity in 2024.
Consolidated total revenue was $238.3 million for Q4 2023, compared to $198.1 million for Q4 2022.
Cloud subscription revenue was $71.4 million for Q4 2023, compared to $51.7 million for Q4 2022.
GAAP diluted earnings per share was $0.78 for Q4 2023, compared to $0.60 for Q4 2022.
Adjusted diluted earnings per share, a non-GAAP measure, was $1.03 for Q4 2023, compared to $0.81 for Q4 2022.
Revenue by Segment
Revenue by Geographic Location
Forward Guidance
Manhattan Associates provides revenue guidance for the full year 2024 of $1,015 to $1,025 million. GAAP operating margin is expected to be 21.2% to 21.8%, and adjusted operating margin is expected to be 28.7% to 29.3%. GAAP EPS is projected to be $2.81 to $2.91, and adjusted EPS is projected to be $3.69 to $3.79.
Positive Outlook
- Total revenue $1,015 to $1,025 million
- 9% to 10% Growth in total revenue
- GAAP operating margin 21.2% to 21.8%
- Adjusted operating margin 28.7% to 29.3%
- GAAP EPS $2.81 to $2.91
Challenges Ahead
- Equity-based compensation 7.5%
- Equity-based compensation impact on EPS 1.02
- Excess tax benefit on stock vesting (0.13)
- Adjusted EPS -1% to 1%
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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