Manhattan Associates reported first-quarter results with total revenue of $282.2 million and diluted earnings per share of $0.82, reflecting continued demand for its cloud offerings even as net income declined modestly year over year. The quarter showed a mix of growth in cloud subscriptions and increased investment in R&D and go-to-market activities. Management highlighted multi-year contract visibility supporting future revenue.
Financial Highlights
Total revenue: $282.2 million, up 7% year over year (Q1 2026 vs Q1 2025)Gross Profit: $155.6 million (as implied in the filing)Operating Income: $64.9 million (operating margin 23.0%)Net income: $49.3 million (down from $52.6 million in the prior-year quarter)Diluted earnings per share: $0.82 (diluted weighted average shares 60,038 thousand)
Business Highlights
Revenue mix and cloud momentum: Cloud revenue grew 24% year over year and cloud subscriptions now represent 41% of total revenue, reflecting a continued shift to subscription-based delivery.Subscription backlog and visibility: Remaining performance obligations (RPO) are approximately $2.3 billion, a 24% increase year over year, providing multi-year contract visibility and supporting ongoing services demand.Customer adoption and new wins: Manhattan Active® continues to drive strong win rates and adoption; 58% of new cloud deals during the quarter were new customers, indicating expansion of the customer base.Operational investment: The company is increasing R&D spending with a focus on AI/agentic and generative AI capabilities and has expanded sales and marketing resources to accelerate cloud growth.
Original SEC Filing: MANHATTAN ASSOCIATES INC [ MANH ] – 10-Q – Apr. 24, 2026
Disclaimer
This is an AI-powered summary. It may contain inaccuracies. Consider verifying important information with the source. Please note this summary is solely based on documents filed with the SEC.