SpaceX IPO Frenzy: 3 Space Stocks That Could Benefit Most<\/a><\/p>\nClark also said new customer bookings \u201cremain strong,\u201d with \u201cover 55% of new cloud bookings\u201d coming from net new logos. He pointed to improved deal volume \u201cacross all deal types,\u201d and noted a larger contribution from products beyond Active Warehouse, including Active Omni, Active Transportation, and Active Planning.<\/p>\n
In Q&A, Clark told analysts deal volume increased broadly, reducing dependence on large deals. He said Manhattan\u2019s \u201cdeal volume across all these types was up in Q1, so not nearly as dependent on large deals,\u201d adding that the company\u2019s two largest deals in the quarter came from Europe and APAC. He also said the company\u2019s win rate metric has been \u201cconsistently above 70%,\u201d and that renewal performance was \u201csolid and supportive of the plan\u201d discussed previously.<\/p>\n
Pinne said contract duration remained about 5.5 to 6 years, with 38% of RPO expected to be recognized as revenue over the next 24 months.<\/p>\n
Clark devoted a large portion of prepared remarks to Manhattan\u2019s agentic AI offering, Active Agents, describing early demand as strong and saying the pilot program is \u201coff to a better than expected start.\u201d He outlined two components: \u201ca set of base agents ready to be activated immediately,\u201d and \u201cAgent Foundry,\u201d which enables customers to build and deploy their own agents on Manhattan\u2019s Active platform.<\/p>\n
Clark argued Manhattan\u2019s architecture provides an advantage because customers \u201cdon\u2019t need to implement costly and complex external data lakes,\u201d citing an \u201cAPI-first architecture\u201d that can deploy agents \u201cin minutes, not months.\u201d He said the company already has \u201cdozens of customers in various stages of AI maturity\u201d and that Active Agents will feature prominently at its Momentum user conference next month, including an \u201cActive Agent Boot Camp\u201d designed to provide hands-on Agent Foundry experience.<\/p>\n
Clark shared several early examples of customer impact, including a U.S. retail customer that saw a 5% improvement in order cycle times and reduced labor requirements in its largest distribution center using a custom Foundry agent. He also described a healthcare customer achieving a \u201cdouble-digit % reduction in loading times and improvement in on-time shipment departures,\u201d and cited a base Wave Coordinator Agent that reduced exceptions \u201cby up to 75%\u201d for one food distribution customer. He added that for an industrial distribution customer, the same agent increased \u201cline shipped by over 30%\u201d and improved order cycle times \u201cby over 25%.\u201d<\/p>\n
On monetization timing, Clark said the initial go-to-market is through a \u201c90-day pilot,\u201d which is paid, with conversion to subscription discussed at the end of the pilot. He said those conversion conversations are beginning in Q2 and in some cases have \u201calready begun.\u201d Clark said the company is taking \u201ca conservative approach to the monetization,\u201d expecting a \u201cbigger impact\u2026in 2027 than\u2026in 2026.\u201d<\/p>\n
Asked about autonomous operation, Clark said most agents can run autonomously if customers choose, starting with suggestions and then moving to autonomous action \u201cwhen the user feels comfortable.\u201d<\/p>\n
Pinne said the company raised its full-year 2026 outlook for total revenue, adjusted operating margin, and EPS following the Q1 beat, while keeping parameters for the rest of the year unchanged. \u201cWe took our beat from Q1 and we applied that to each one of our metrics,\u201d she said, adding the company was being prudent given macro volatility.<\/p>\n
For 2026, Manhattan continues to target RPO of $2.62 billion to $2.68 billion, representing 18% to 20% growth. The company\u2019s updated full-year guidance includes:<\/p>\n
Total revenue: $1.147 billion to $1.157 billion.<\/p>\n
Adjusted operating margin: midpoint increased to 35% from 34.75%.<\/p>\n
Adjusted EPS: $5.29 to $5.37.<\/p>\n
GAAP EPS: midpoint raised to $3.59; Q2 GAAP EPS targeted at $0.86.<\/p>\n
Cloud revenue: midpoint increased to $495 million, representing 21% growth.<\/p>\n
Services revenue: expected to rise 3% to $518 million.<\/p>\n
Pinne said foreign exchange was a 2-point tailwind to year-over-year total revenue growth in Q1, and in response to an analyst question, she said FX was \u201ca little bit over 1% tailwind on the cloud revenue\u201d in the quarter and that the company expects \u201cabout a 1% overall tailwind\u201d on revenue for the full year.<\/p>\n
Pinne reported operating cash flow of $84 million, up 12%, translating to a 28.3% free cash flow margin and a 33.1% adjusted EBITDA margin. Deferred revenue rose 20% year over year to $356 million. The company ended the quarter with $226 million in cash and no debt.<\/p>\n
Manhattan repurchased $150 million of shares during the quarter and had $350 million remaining under the repurchase authorization announced in March, according to Pinne.<\/p>\n
On hiring and services capacity, Clark said the company added \u201cabout 120 headcount into our services team\u201d and had another \u201croughly 70 either pending start or open,\u201d describing the additions as demand-driven. He said the forward-deployed engineer effort is staffed largely with people who have experience across Manhattan\u2019s services engineering and R&D teams to support rapid deployment of agents and creation of custom agents through Agent Foundry.<\/p>\n
Clark closed the call by thanking retiring CFO Dennis Story for his contributions over 20 years and expressing optimism about growth opportunities, citing a strong pipeline and continued innovation across Manhattan\u2019s unified Active platform.<\/p>\n
Manhattan Associates, Inc (NASDAQ: MANH) is a provider of supply chain and omnichannel commerce software solutions designed to optimize the flow of goods, information and funds across enterprise operations. Its flagship offerings include warehouse management, transportation management, order management and omnichannel fulfillment applications. These solutions are delivered through a cloud-native platform called Manhattan Active, which enables retailers, manufacturers, carriers and third-party logistics providers to orchestrate inventory, manage distribution and improve customer service in real time.<\/p>\n
Key product areas include Manhattan Active Warehouse Management, which automates and optimizes warehouse operations from receiving through shipping; Manhattan Active Transportation Management, supporting carrier selection, routing and freight payment; and Manhattan Active Omni, which unifies order capture, inventory visibility and fulfillment across stores, distribution centers and e-commerce channels.<\/p>\n
The article “Manhattan Associates Q1 Earnings Call Highlights<\/a>” was originally published by MarketBeat.<\/p>\n","protected":false},"excerpt":{"rendered":"Manhattan Associates logo Manhattan beat expectations in Q1 with total revenue of $282 million (up 7% YoY; +13%…\n","protected":false},"author":2,"featured_media":114506,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[35],"tags":[81387,81386,9245,75,84,83,9,24,63,9241,9244,7478,9240,9247],"class_list":{"0":"post-205386","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-manhattan","8":"tag-active-transportation","9":"tag-chief-financial-officer-linda-pinne","10":"tag-eric-clark","11":"tag-manhattan","12":"tag-manhattan-headlines","13":"tag-manhattan-news","14":"tag-new-york","15":"tag-new-york-city","16":"tag-nyc","17":"tag-operating-cash-flow","18":"tag-operating-margin","19":"tag-revenue-growth","20":"tag-rpo","21":"tag-total-revenue"},"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/posts\/205386","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/comments?post=205386"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/posts\/205386\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/media\/114506"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/media?parent=205386"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/categories?post=205386"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/tags?post=205386"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
![\"Manhattan](\"https:\/\/www.newsbeep.com\/us-ny\/wp-content\/uploads\/2026\/04\/4672bf927b734d28886c9d3dc1426a78.png\")
Manhattan Associates logo <\/p>\n