{"id":205744,"date":"2026-04-22T05:10:14","date_gmt":"2026-04-22T05:10:14","guid":{"rendered":"https:\/\/www.newsbeep.com\/us-ny\/205744\/"},"modified":"2026-04-22T05:10:14","modified_gmt":"2026-04-22T05:10:14","slug":"manhattan-associates-q1-revenue-rises-to-282-2m","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/us-ny\/205744\/","title":{"rendered":"Manhattan Associates Q1 revenue rises to $282.2M"},"content":{"rendered":"


\n
\n
\n
\n <\/p>\n

Key Terms<\/p>\n


\n
\n rpo
\n
\n financial
\n
\n <\/p>\n

Remaining Performance Obligations (RPO) is the total value of contracted revenue not yet delivered or recognized. It includes deferred revenue and backlog from signed contracts. RPO shows investors how much future revenue is already locked in.<\/p>\n

<\/p>\n


\n
\n gaap diluted earnings per share
\n
\n financial
\n
\n <\/p>\n

GAAP diluted earnings per share is a financial measure that shows how much profit a company earns for each share of its stock, assuming all potential shares from options or other securities are converted into actual shares. It helps investors understand the company’s profitability on a per-share basis, considering the possible increase in shares that could reduce earnings per share, much like dividing a pie among more people. This metric provides a clearer picture of the company’s true earnings available to each share holder.<\/p>\n

<\/p>\n


\n
\n non-gaap adjusted diluted earnings per share
\n
\n financial
\n
\n <\/p>\n

Non-GAAP adjusted diluted earnings per share is a per-share profit measure that companies calculate by removing certain one-time or unusual items from net income and then dividing by the number of shares after accounting for potential dilution from options or convertibles. It aims to show the company\u2019s underlying recurring earnings much like looking at a car\u2019s regular fuel efficiency after excluding a rare towing trip; investors use it to compare operating performance across periods or firms, though adjustments can vary.<\/p>\n

<\/p>\n


\n
\n gaap operating income
\n
\n financial
\n
\n <\/p>\n

GAAP operating income is the profit a company earns from its core business activities calculated according to standard U.S. accounting rules (GAAP); it equals revenue minus everyday operating costs such as production expenses, wages, and wear\u2011and\u2011tear charges, but before interest and taxes. Investors use it like a business thermometer\u2014showing how efficiently sales turn into operating profit under consistent rules, which helps compare companies, track trends, and assess underlying business health.<\/p>\n

<\/p>\n


\n
\n cash flow from operations
\n
\n financial
\n
\n <\/p>\n

Cash flow from operations is the money a company actually generates from its core business activities\u2014sales, services and day-to-day operations\u2014after paying routine costs like wages and suppliers. Investors watch it like a company\u2019s operating \u201cpaycheck\u201d because it shows whether the business can fund growth, pay debts and return cash to shareholders without relying on loans or one-time asset sales; steady positive cash flow is a sign of financial health.<\/p>\n

<\/p>\n


\n
\n days sales outstanding
\n
\n financial
\n
\n <\/p>\n

Days Sales Outstanding (DSO) measures the average number of days a company takes to collect payment after making a sale. It tells investors how quickly sales are turning into cash\u2014shorter DSO means the company gets paid faster and has more cash on hand, while longer DSO suggests cash is tied up with customers and increases the risk of late or lost payments; think of it like how long a borrower takes to repay a loan.<\/p>\n

<\/p>\n


\n
\n share repurchase program
\n
\n financial
\n
\n <\/p>\n

A share repurchase program is when a company buys back its own shares from the marketplace. This reduces the total number of shares available, which can increase the value of each remaining share and signal confidence in the company’s prospects. For investors, it often suggests that the company believes its stock is undervalued or that it has extra cash to return to shareholders.<\/p>\n

<\/p>\n


\n
\n forward-looking statements
\n
\n regulatory
\n
\n <\/p>\n

Forward-looking statements are predictions or plans that companies share about what they expect to happen in the future, like estimating sales or profits. They matter because they help investors understand a company’s outlook, but since they are based on guesses and assumptions, they can sometimes be wrong.<\/p>\n

<\/p>\n


\n
\n
\n
\n
\n
\n
\n
\n
\n
\n
\n 04\/21\/2026 – 04:06 PM
\n
\n <\/p>\n

\nRPO Increased 24% over Prior Year<\/p>\n

ATLANTA–(BUSINESS WIRE)–
\nLeading Supply Chain and Omnichannel Commerce Solutions provider Manhattan Associates Inc. (NASDAQ: MANH<\/a>) today reported revenue of $282.2 million for the first quarter ended March 31, 2026, compared to $262.8 million in Q1 2025. GAAP diluted earnings per share for Q1 2026 was $0.82 compared to $0.85 in Q1 2025. Non-GAAP adjusted diluted earnings per share for Q1 2026 was $1.24 compared to $1.19 in Q1 2025.<\/p>\n

\n\u201cManhattan is off to a strong start to 2026. On solid and broad-based demand, we accelerated our Q1 revenue growth and delivered better than expected bookings,\u201d said Manhattan Associates president and CEO Eric Clark.<\/p>\n

\n\u201cWhile macro volatility persists, Manhattan\u2019s fundamentals are solid. With a strong pipeline across our product suite, numerous opportunities to drive growth, and our unmatched ability to consistently deliver leading innovation to the supply chain commerce universe, we are optimistic about our long-term growth opportunity,\u201d Mr. Clark concluded.<\/p>\n

\nFIRST QUARTER 2026 FINANCIAL SUMMARY:<\/p>\n

Consolidated total revenue was $282.2 million for Q1 2026, compared to $262.8 million for Q1 2025.<\/p>\n

Cloud subscription revenue was $117.1 million for Q1 2026, compared to $94.3 million for Q1 2025.<\/p>\n

License revenue was $2.2 million for Q1 2026, compared to $9.3 million for Q1 2025.<\/p>\n

Services revenue was $125.7 million for Q1 2026, compared to $121.1 million for Q1 2025.<\/p>\n

GAAP diluted earnings per share was $0.82 for Q1 2026, compared to $0.85 for Q1 2025.<\/p>\n

Adjusted diluted earnings per share, a non-GAAP measure, was $1.24 for Q1 2026, compared to $1.19 for Q1 2025.<\/p>\n

GAAP operating income was $64.9 million for Q1 2026, compared to $63.2 million for Q1 2025.<\/p>\n

Adjusted operating income, a non-GAAP measure, was $91.5 million for Q1 2026, compared to $91.3 million for Q1 2025.<\/p>\n

Cash flow from operations was $84.0 million for Q1 2026, compared to $75.3 million for Q1 2025. Days Sales Outstanding was 72 days at March 31, 2026, and 73 days at December 31, 2025.<\/p>\n

Cash totaled $226.1 million at March 31, 2026, compared to $328.7 million at December 31, 2025.<\/p>\n

RPO increased to $2.35 billion as of March 31, 2026, compared to $2.23 billion as of December 31, 2025.<\/p>\n

During the three months ended March 31, 2026, the Company repurchased 1,043,312 shares of Manhattan Associates common stock under the share repurchase program authorized by our Board of Directors for a total investment of $150.0 million. In March 2026, our Board of Directors approved an increase to the Company\u2019s share repurchase authority from $100 million to $500 million. As of the end of the quarter, approximately $350.0 million remained under the existing March 2026 repurchase authority.<\/p>\n

\n2026 GUIDANCE<\/p>\n

\nManhattan Associates provides the following revenue, operating margin, and diluted earnings per share guidance for the full year 2026:<\/p>\n

\n\u00a0<\/p>\n

\nGuidance Range – 2026 Full Year<\/p>\n

\n($’s in millions, except operating margin and EPS)<\/p>\n

\n$ Range<\/p>\n

\n\u00a0<\/p>\n

\n% Growth Range<\/p>\n

\n\u00a0<\/p>\n

\n\u00a0<\/p>\n

\n\u00a0<\/p>\n

\n\u00a0<\/p>\n

\n\u00a0<\/p>\n

\n\u00a0<\/p>\n

\n\u00a0<\/p>\n

\n\u00a0<\/p>\n

\n\u00a0<\/p>\n

\nTotal revenue<\/p>\n

\n$1,147<\/p>\n

\n\u00a0<\/p>\n

\n\u00a0<\/p>\n

\n$1,157<\/p>\n

\n\u00a0<\/p>\n

\n\u00a0<\/p>\n

\n6<\/p>\n

\n%<\/p>\n

\n\u00a0<\/p>\n

\n7<\/p>\n

\n%<\/p>\n

\n\u00a0<\/p>\n

\n\u00a0<\/p>\n

\n\u00a0<\/p>\n

\n\u00a0<\/p>\n

\n\u00a0<\/p>\n

\n\u00a0<\/p>\n

\n\u00a0<\/p>\n

\n\u00a0<\/p>\n

\n\u00a0<\/p>\n

\n\u00a0<\/p>\n

\n\u00a0<\/p>\n

\n\u00a0<\/p>\n

\nOperating Margin:<\/p>\n

\n\u00a0<\/p>\n

\n\u00a0<\/p>\n

\n\u00a0<\/p>\n

\n\u00a0<\/p>\n

\n\u00a0<\/p>\n

\n\u00a0<\/p>\n

\n\u00a0<\/p>\n

\n\u00a0<\/p>\n

\n\u00a0<\/p>\n

\nGAAP operating margin<\/p>\n

\n24.6<\/p>\n

\n%<\/p>\n

\n\u00a0<\/p>\n

\n24.9<\/p>\n

\n%<\/p>\n

\n\u00a0<\/p>\n

\n\u00a0<\/p>\n

\n\u00a0<\/p>\n

\n\u00a0<\/p>\n

\n\u00a0<\/p>\n

\n\u00a0<\/p>\n

\nEquity-based compensation<\/p>\n

\n10.3<\/p>\n

\n%<\/p>\n

\n\u00a0<\/p>\n

\n10.2<\/p>\n

\n%<\/p>\n

\n\u00a0<\/p>\n

\n\u00a0<\/p>\n

\n\u00a0<\/p>\n

\n\u00a0<\/p>\n

\n\u00a0<\/p>\n

\n\u00a0<\/p>\n

\nAdjusted operating margin(1)<\/p>\n

\n34.9<\/p>\n

\n%<\/p>\n

\n\u00a0<\/p>\n

\n35.1<\/p>\n

\n%<\/p>\n

\n\u00a0<\/p>\n

\n\u00a0<\/p>\n

\n\u00a0<\/p>\n

\n\u00a0<\/p>\n

\n\u00a0<\/p>\n

\n\u00a0<\/p>\n

\n\u00a0<\/p>\n

\n\u00a0<\/p>\n

\n\u00a0<\/p>\n

\n\u00a0<\/p>\n

\n\u00a0<\/p>\n

\n\u00a0<\/p>\n

\n\u00a0<\/p>\n

\n\u00a0<\/p>\n

\n\u00a0<\/p>\n

\n\u00a0<\/p>\n

\nDiluted earnings per share (EPS):<\/p>\n

\n\u00a0<\/p>\n

\n\u00a0<\/p>\n

\n\u00a0<\/p>\n

\n\u00a0<\/p>\n

\n\u00a0<\/p>\n

\n\u00a0<\/p>\n

\n\u00a0<\/p>\n

\n\u00a0<\/p>\n

\n\u00a0<\/p>\n

\nGAAP EPS<\/p>\n

\n$3.55<\/p>\n

\n\u00a0<\/p>\n

\n\u00a0<\/p>\n

\n$3.63<\/p>\n

\n\u00a0<\/p>\n

\n\u00a0<\/p>\n

\n-1<\/p>\n

\n%<\/p>\n

\n\u00a0<\/p>\n

\n1<\/p>\n

\n%<\/p>\n

\n\u00a0<\/p>\n

\n\u00a0<\/p>\n

\nEquity-based compensation<\/p>\n

\n1.70<\/p>\n

\n\u00a0<\/p>\n

\n\u00a0<\/p>\n

\n1.70<\/p>\n

\n\u00a0<\/p>\n

\n\u00a0<\/p>\n

\n\u00a0<\/p>\n

\n\u00a0<\/p>\n

\n\u00a0<\/p>\n

\n\u00a0<\/p>\n

\n\u00a0<\/p>\n

\nTax deficiency of stock awards vested (2)<\/p>\n

\n0.04<\/p>\n

\n\u00a0<\/p>\n

\n\u00a0<\/p>\n

\n0.04<\/p>\n

\n\u00a0<\/p>\n

\n\u00a0<\/p>\n

\n\u00a0<\/p>\n

\n\u00a0<\/p>\n

\n\u00a0<\/p>\n

\n\u00a0<\/p>\n

\n\u00a0<\/p>\n

\nAdjusted EPS(1)<\/p>\n

\n$5.29<\/p>\n

\n\u00a0<\/p>\n

\n\u00a0<\/p>\n

\n$5.37<\/p>\n

\n\u00a0<\/p>\n

\n\u00a0<\/p>\n

\n5<\/p>\n

\n%<\/p>\n

\n\u00a0<\/p>\n

\n6<\/p>\n

\n%<\/p>\n

\n\u00a0<\/p>\n

\n\u00a0<\/p>\n

\n\u00a0<\/p>\n

\n\u00a0<\/p>\n

\n\u00a0<\/p>\n

\n\u00a0<\/p>\n

\n(1) Adjusted operating margin and adjusted EPS are non-GAAP measures that exclude the impact of equity-based compensation,<\/p>\n

\n\u00a0<\/p>\n

\n\u00a0<\/p>\n

\nexpense related to an unusual health insurance claim, restructuring expense, and the related income tax effects, if applicable.<\/p>\n

\n\u00a0<\/p>\n

\n(2) The Company expects the tax deficiency on stock vesting to occur primarily in the first quarter of 2026.<\/p>\n

\n\u00a0<\/p>\n

\nManhattan Associates currently intends to make public certain expectations with respect to future financial performance. Those statements, including the guidance provided above, are forward looking. Actual results may differ materially. See our cautionary note regarding \u201cforward-looking statements\u201d below.<\/p>\n

\nManhattan Associates will make this earnings release and a recording of the conference call referenced below available on the investor relations section of the Manhattan Associates website at ir.manh.com<\/a>. Following publication of this earnings release, any expectations with respect to future financial performance contained in this release or the conference call, including the guidance, should be considered historical only, and Manhattan Associates disclaims any obligation to update them.<\/p>\n

\nCONFERENCE CALL<\/p>\n

\nManhattan Associates\u2019 conference call regarding its first quarter financial results will be held today, April 21, 2026, at 4:30 p.m. Eastern Time. The Company will also discuss its business and expectations for the year and next quarter in additional detail during the call. We invite investors to a live webcast of the conference call through the Investor Relations section of the Manhattan Associates website at ir.manh.com<\/a>. To listen to the live webcast, please go to the website at least 15 minutes before the call to download and install any necessary audio software. The Internet webcast will be available until Manhattan Associates\u2019 second quarter 2026 earnings release.<\/p>\n

\nGAAP VERSUS NON-GAAP PRESENTATION<\/p>\n

\nManhattan Associates provides adjusted operating income and margin, adjusted income tax provision, adjusted net income, and adjusted diluted earnings per share in this press release as additional information regarding the Company\u2019s historical and projected operating results. These measures are not in accordance with, or alternatives to, GAAP, and may be different from similarly titled non-GAAP measures used by other companies. The Company believes the presentation of these non-GAAP financial measures facilitates investors\u2019 ability to understand and compare the Company\u2019s results and guidance, because the measures provide supplemental information in evaluating the operating results of its business, as distinct from results that include items not indicative of ongoing operating results, and because the Company believes its peers typically publish similar non-GAAP measures. This release should be read in conjunction with the Company\u2019s Form 8-K earnings release filing for the three months ended March 31, 2026.<\/p>\n

\nNon-GAAP adjusted operating income and margin, adjusted income tax provision, adjusted net income, and adjusted diluted earnings per share exclude the impact of equity-based compensation, an expense \u2013 net of insurance recoveries, related to an unusual health insurance claim, and restructuring expense \u2013 net of income tax effects, collectively. They also exclude the tax benefits or deficiencies of vested stock awards caused by differences in the amount deductible for tax purposes from the compensation expense recorded for financial reporting purposes. We include reconciliations of the Company\u2019s GAAP financial measures to non-GAAP adjustments in the supplemental information attached to this release.<\/p>\n

\nABOUT MANHATTAN ASSOCIATES<\/p>\n

\nManhattan Associates is a global technology leader, providing supply chain and omnichannel commerce solutions with unmatched AI capabilities. We design, build and offer best-in-class, AI-powered, cloud-based solutions that drive resilience and efficiency for businesses. We enable enterprises to uniquely unify front-end sales with back-end supply chain execution.<\/p>\n

\nOur commitment to innovation, cloud-native platform and API-first architecture create simpler experiences and faster paths to value for our customers. We empower them to preempt and react to emerging trends and global disruptions with technical expertise and operational confidence, transforming challenges into competitive advantage. For more information, please visit www.manh.com<\/a>.<\/p>\n

\nThis press release contains \u201cforward-looking statements\u201d relating to Manhattan Associates, Inc. Forward-looking statements in this press release include, without limitation, the information set forth under \u201c2026 Guidance\u201d and statements identified by words such as \u201cmay,\u201d \u201cexpect,\u201d \u201cforecast,\u201d \u201canticipate,\u201d \u201cintend,\u201d \u201cplan,\u201d \u201cbelieve,\u201d \u201ccould,\u201d \u201cseek,\u201d \u201cproject,\u201d \u201cestimate,\u201d and similar expressions. Prospective investors are cautioned that any of those forward-looking statements are not guarantees of future performance and involve risks and uncertainties, and that actual results may differ materially from those contemplated by those forward-looking statements. Among the important factors that could cause actual results to differ materially from those indicated by those forward-looking statements are: economic conditions, including as a result of global instability due to military conflict, including the military conflict involving the United States, Israel, and Iran, as well as the ongoing war between Russia and Ukraine, disruption and transformation in the retail sector and our vertical markets; delays in product development; competitive and pricing pressures; software errors and information technology failures, disruption and security breaches; risks related to our products\u2019 technology and customer implementations; risks associated with our use of generative and agentic artificial intelligence; and the other risk factors set forth in Item 1A of the Company\u2019s Annual Report on Form 10-K for the year ended December 31, 2025, and in Item 1A of Part II in subsequent Quarterly Reports on Form 10-Q. Manhattan Associates undertakes no obligation to update or revise forward-looking statements to reflect changed assumptions, the occurrence of unanticipated events or changes in future operating results.<\/p>\n

\u00a0<\/p>\n

\nMANHATTAN ASSOCIATES, INC. AND SUBSIDIARIES<\/p>\n

\nCondensed Consolidated Statements of Income<\/p>\n

\n(in thousands, except per share amounts)<\/p>\n

\n\u00a0<\/p>\n

\n\u00a0<\/p>\n

\n\u00a0<\/p>\n

\nThree Months Ended March 31,<\/p>\n

\n\u00a0<\/p>\n

\n\u00a0<\/p>\n

\n2026<\/p>\n

\n\u00a0<\/p>\n

\n2025<\/p>\n

\n\u00a0<\/p>\n

\n\u00a0<\/p>\n

\n(unaudited)<\/p>\n

\n\u00a0<\/p>\n

\n(unaudited)<\/p>\n

\nRevenue:<\/p>\n

\n\u00a0<\/p>\n

\n\u00a0<\/p>\n

\n\u00a0<\/p>\n

\n\u00a0<\/p>\n

\nCloud subscriptions<\/p>\n

\n\u00a0<\/p>\n

\n$117,123<\/p>\n

\n\u00a0<\/p>\n

\n$94,306<\/p>\n

\nSoftware license<\/p>\n

\n\u00a0<\/p>\n

\n2,234<\/p>\n

\n\u00a0<\/p>\n

\n9,292<\/p>\n

\nMaintenance<\/p>\n

\n\u00a0<\/p>\n

\n30,592<\/p>\n

\n\u00a0<\/p>\n

\n32,144<\/p>\n

\nServices<\/p>\n

\n\u00a0<\/p>\n

\n125,717<\/p>\n

\n\u00a0<\/p>\n

\n121,127<\/p>\n

\nHardware<\/p>\n

\n\u00a0<\/p>\n

\n6,549<\/p>\n

\n\u00a0<\/p>\n

\n5,918<\/p>\n

\nTotal revenue<\/p>\n

\n\u00a0<\/p>\n

\n282,215<\/p>\n

\n\u00a0<\/p>\n

\n262,787<\/p>\n

\nCosts and expenses:<\/p>\n

\n\u00a0<\/p>\n

\n\u00a0<\/p>\n

\n\u00a0<\/p>\n

\n\u00a0<\/p>\n

\nCost of cloud subscriptions, maintenance and services<\/p>\n

\n\u00a0<\/p>\n

\n126,077<\/p>\n

\n\u00a0<\/p>\n

\n114,358<\/p>\n

\nCost of software license<\/p>\n

\n\u00a0<\/p>\n

\n564<\/p>\n

\n\u00a0<\/p>\n

\n209<\/p>\n

\nResearch and development<\/p>\n

\n\u00a0<\/p>\n

\n37,346<\/p>\n

\n\u00a0<\/p>\n

\n35,298<\/p>\n

\nSales and marketing<\/p>\n

\n\u00a0<\/p>\n

\n27,752<\/p>\n

\n\u00a0<\/p>\n

\n21,061<\/p>\n

\nGeneral and administrative<\/p>\n

\n\u00a0<\/p>\n

\n23,706<\/p>\n

\n\u00a0<\/p>\n

\n24,219<\/p>\n

\nDepreciation and amortization<\/p>\n

\n\u00a0<\/p>\n

\n1,833<\/p>\n

\n\u00a0<\/p>\n

\n1,541<\/p>\n

\nRestructuring expense<\/p>\n

\n\u00a0<\/p>\n

\n–<\/p>\n

\n\u00a0<\/p>\n

\n2,929<\/p>\n

\nTotal costs and expenses<\/p>\n

\n\u00a0<\/p>\n

\n217,278<\/p>\n

\n\u00a0<\/p>\n

\n199,615<\/p>\n

\nOperating income<\/p>\n

\n\u00a0<\/p>\n

\n64,937<\/p>\n

\n\u00a0<\/p>\n

\n63,172<\/p>\n

\nOther income, net<\/p>\n

\n\u00a0<\/p>\n

\n4,337<\/p>\n

\n\u00a0<\/p>\n

\n1,337<\/p>\n

\nIncome before income taxes<\/p>\n

\n\u00a0<\/p>\n

\n69,274<\/p>\n

\n\u00a0<\/p>\n

\n64,509<\/p>\n

\nIncome tax provision<\/p>\n

\n\u00a0<\/p>\n

\n19,979<\/p>\n

\n\u00a0<\/p>\n

\n11,927<\/p>\n

\nNet income<\/p>\n

\n\u00a0<\/p>\n

\n$49,295<\/p>\n

\n\u00a0<\/p>\n

\n$52,582<\/p>\n

\n\u00a0<\/p>\n

\n\u00a0<\/p>\n

\n\u00a0<\/p>\n

\n\u00a0<\/p>\n

\n\u00a0<\/p>\n

\nBasic earnings per share<\/p>\n

\n\u00a0<\/p>\n

\n$0.83<\/p>\n

\n\u00a0<\/p>\n

\n$0.86<\/p>\n

\nDiluted earnings per share<\/p>\n

\n\u00a0<\/p>\n

\n$0.82<\/p>\n

\n\u00a0<\/p>\n

\n$0.85<\/p>\n

\n\u00a0<\/p>\n

\n\u00a0<\/p>\n

\n\u00a0<\/p>\n

\n\u00a0<\/p>\n

\n\u00a0<\/p>\n

\nWeighted average number of shares:<\/p>\n

\n\u00a0<\/p>\n

\n\u00a0<\/p>\n

\n\u00a0<\/p>\n

\n\u00a0<\/p>\n

\nBasic<\/p>\n

\n\u00a0<\/p>\n

\n59,688<\/p>\n

\n\u00a0<\/p>\n

\n60,870<\/p>\n

\nDiluted<\/p>\n

\n\u00a0<\/p>\n

\n60,038<\/p>\n

\n\u00a0<\/p>\n

\n61,527<\/p>\n

\nReconciliation of Selected GAAP to Non-GAAP Measures<\/p>\n

\n(in thousands, except per share amounts)<\/p>\n

\n\u00a0<\/p>\n

\n\u00a0<\/p>\n

\n\u00a0<\/p>\n

\n\u00a0<\/p>\n

\nThree Months Ended March 31,<\/p>\n

\n\u00a0<\/p>\n

\n\u00a0<\/p>\n

\n\u00a0<\/p>\n

\n2026<\/p>\n

\n\u00a0<\/p>\n

\n\u00a0<\/p>\n

\n2025<\/p>\n

\n\u00a0<\/p>\n

\n\u00a0<\/p>\n

\n\u00a0<\/p>\n

\n\u00a0<\/p>\n

\n\u00a0<\/p>\n

\n\u00a0<\/p>\n

\n\u00a0<\/p>\n

\nOperating income<\/p>\n

\n\u00a0<\/p>\n

\n\u00a0<\/p>\n

\n$64,937<\/p>\n

\n\u00a0<\/p>\n

\n\u00a0<\/p>\n

\n$63,172<\/p>\n

\n\u00a0<\/p>\n

\nEquity-based compensation (a)<\/p>\n

\n\u00a0<\/p>\n

\n\u00a0<\/p>\n

\n26,524<\/p>\n

\n\u00a0<\/p>\n

\n\u00a0<\/p>\n

\n28,826<\/p>\n

\n\u00a0<\/p>\n

\nUnusual health insurance claim (c)<\/p>\n

\n\u00a0<\/p>\n

\n\u00a0<\/p>\n

\n–<\/p>\n

\n\u00a0<\/p>\n

\n\u00a0<\/p>\n

\n(3,658<\/p>\n

\n)<\/p>\n

\nRestructuring expense (d)<\/p>\n

\n\u00a0<\/p>\n

\n\u00a0<\/p>\n

\n–<\/p>\n

\n\u00a0<\/p>\n

\n\u00a0<\/p>\n

\n2,929<\/p>\n

\n\u00a0<\/p>\n

\nAdjusted operating income (Non-GAAP)<\/p>\n

\n\u00a0<\/p>\n

\n\u00a0<\/p>\n

\n$91,461<\/p>\n

\n\u00a0<\/p>\n

\n\u00a0<\/p>\n

\n$91,269<\/p>\n

\n\u00a0<\/p>\n

\n\u00a0<\/p>\n

\n\u00a0<\/p>\n

\n\u00a0<\/p>\n

\n\u00a0<\/p>\n

\n\u00a0<\/p>\n

\n\u00a0<\/p>\n

\nIncome tax provision<\/p>\n

\n\u00a0<\/p>\n

\n\u00a0<\/p>\n

\n$19,979<\/p>\n

\n\u00a0<\/p>\n

\n\u00a0<\/p>\n

\n$11,927<\/p>\n

\n\u00a0<\/p>\n

\nEquity-based compensation (a)<\/p>\n

\n\u00a0<\/p>\n

\n\u00a0<\/p>\n

\n3,698<\/p>\n

\n\u00a0<\/p>\n

\n\u00a0<\/p>\n

\n4,340<\/p>\n

\n\u00a0<\/p>\n

\nTax (deficiency) benefit of stock awards vested (b)<\/p>\n

\n\u00a0<\/p>\n

\n\u00a0<\/p>\n

\n(2,177<\/p>\n

\n)<\/p>\n

\n\u00a0<\/p>\n

\n3,542<\/p>\n

\n\u00a0<\/p>\n

\nUnusual health insurance claim (c)<\/p>\n

\n\u00a0<\/p>\n

\n\u00a0<\/p>\n

\n–<\/p>\n

\n\u00a0<\/p>\n

\n\u00a0<\/p>\n

\n(883<\/p>\n

\n)<\/p>\n

\nRestructuring expense (d)<\/p>\n

\n\u00a0<\/p>\n

\n\u00a0<\/p>\n

\n–<\/p>\n

\n\u00a0<\/p>\n

\n\u00a0<\/p>\n

\n707<\/p>\n

\n\u00a0<\/p>\n

\nAdjusted income tax provision (Non-GAAP)<\/p>\n

\n\u00a0<\/p>\n

\n\u00a0<\/p>\n

\n$21,500<\/p>\n

\n\u00a0<\/p>\n

\n\u00a0<\/p>\n

\n$19,633<\/p>\n

\n\u00a0<\/p>\n

\n\u00a0<\/p>\n

\n\u00a0<\/p>\n

\n\u00a0<\/p>\n

\n\u00a0<\/p>\n

\n\u00a0<\/p>\n

\n\u00a0<\/p>\n

\nNet income<\/p>\n

\n\u00a0<\/p>\n

\n\u00a0<\/p>\n

\n$49,295<\/p>\n

\n\u00a0<\/p>\n

\n\u00a0<\/p>\n

\n$52,582<\/p>\n

\n\u00a0<\/p>\n

\nEquity-based compensation (a)<\/p>\n

\n\u00a0<\/p>\n

\n\u00a0<\/p>\n

\n22,826<\/p>\n

\n\u00a0<\/p>\n

\n\u00a0<\/p>\n

\n24,486<\/p>\n

\n\u00a0<\/p>\n

\nTax deficiency (benefit) of stock awards vested (b)<\/p>\n

\n\u00a0<\/p>\n

\n\u00a0<\/p>\n

\n2,177<\/p>\n

\n\u00a0<\/p>\n

\n\u00a0<\/p>\n

\n(3,542<\/p>\n

\n)<\/p>\n

\nUnusual health insurance claim (c)<\/p>\n

\n\u00a0<\/p>\n

\n\u00a0<\/p>\n

\n–<\/p>\n

\n\u00a0<\/p>\n

\n\u00a0<\/p>\n

\n(2,775<\/p>\n

\n)<\/p>\n

\nRestructuring expense (d)<\/p>\n

\n\u00a0<\/p>\n

\n\u00a0<\/p>\n

\n–<\/p>\n

\n\u00a0<\/p>\n

\n\u00a0<\/p>\n

\n2,222<\/p>\n

\n\u00a0<\/p>\n

\nAdjusted net income (Non-GAAP)<\/p>\n

\n\u00a0<\/p>\n

\n\u00a0<\/p>\n

\n$74,298<\/p>\n

\n\u00a0<\/p>\n

\n\u00a0<\/p>\n

\n$72,973<\/p>\n

\n\u00a0<\/p>\n

\n\u00a0<\/p>\n

\n\u00a0<\/p>\n

\n\u00a0<\/p>\n

\n\u00a0<\/p>\n

\n\u00a0<\/p>\n

\n\u00a0<\/p>\n

\nDiluted EPS<\/p>\n

\n\u00a0<\/p>\n

\n\u00a0<\/p>\n

\n$0.82<\/p>\n

\n\u00a0<\/p>\n

\n\u00a0<\/p>\n

\n$0.85<\/p>\n

\n\u00a0<\/p>\n

\nEquity-based compensation (a)<\/p>\n

\n\u00a0<\/p>\n

\n\u00a0<\/p>\n

\n0.38<\/p>\n

\n\u00a0<\/p>\n

\n\u00a0<\/p>\n

\n0.40<\/p>\n

\n\u00a0<\/p>\n

\nTax deficiency (benefit) of stock awards vested (b)<\/p>\n

\n\u00a0<\/p>\n

\n\u00a0<\/p>\n

\n0.04<\/p>\n

\n\u00a0<\/p>\n

\n\u00a0<\/p>\n

\n(0.06<\/p>\n

\n)<\/p>\n

\nUnusual health insurance claim (c)<\/p>\n

\n\u00a0<\/p>\n

\n\u00a0<\/p>\n

\n–<\/p>\n

\n\u00a0<\/p>\n

\n\u00a0<\/p>\n

\n(0.05<\/p>\n

\n)<\/p>\n

\nRestructuring expense (d)<\/p>\n

\n\u00a0<\/p>\n

\n\u00a0<\/p>\n

\n–<\/p>\n

\n\u00a0<\/p>\n

\n\u00a0<\/p>\n

\n0.04<\/p>\n

\n\u00a0<\/p>\n

\nAdjusted diluted EPS (Non-GAAP)<\/p>\n

\n\u00a0<\/p>\n

\n\u00a0<\/p>\n

\n$1.24<\/p>\n

\n\u00a0<\/p>\n

\n\u00a0<\/p>\n

\n$1.19<\/p>\n

\n\u00a0<\/p>\n

\n\u00a0<\/p>\n

\n\u00a0<\/p>\n

\n\u00a0<\/p>\n

\n\u00a0<\/p>\n

\n\u00a0<\/p>\n

\n\u00a0<\/p>\n

\nFully diluted shares<\/p>\n

\n\u00a0<\/p>\n

\n\u00a0<\/p>\n

\n60,038<\/p>\n

\n\u00a0<\/p>\n

\n\u00a0<\/p>\n

\n61,527<\/p>\n

\n\u00a0<\/p>\n

\n(a)<\/p>\n

\nAdjusted results exclude all equity-based compensation, as detailed below, to facilitate comparison with our peers and for the other reasons explained in our Current Report on Form 8-K filed with the SEC. We do not receive a GAAP tax benefit for a portion of our equity-based compensation, mainly because of Section 162(m) of the Internal Revenue Code, which limits tax deductions for compensation granted to certain executives.<\/p>\n

\n\u00a0<\/p>\n

\n\u00a0<\/p>\n

\n\u00a0<\/p>\n

\nThree Months Ended March 31,<\/p>\n

\n\u00a0<\/p>\n

\n\u00a0<\/p>\n

\n2026<\/p>\n

\n2025<\/p>\n

\n\u00a0<\/p>\n

\n\u00a0<\/p>\n

\n\u00a0<\/p>\n

\n\u00a0<\/p>\n

\n\u00a0<\/p>\n

\nCost of services<\/p>\n

\n\u00a0<\/p>\n

\n\u00a0<\/p>\n

\n$11,586<\/p>\n

\n\u00a0<\/p>\n

\n$11,425<\/p>\n

\nResearch and development<\/p>\n

\n\u00a0<\/p>\n

\n\u00a0<\/p>\n

\n6,387<\/p>\n

\n\u00a0<\/p>\n

\n5,958<\/p>\n

\nSales and marketing<\/p>\n

\n\u00a0<\/p>\n

\n3,668<\/p>\n

\n\u00a0<\/p>\n

\n2,306<\/p>\n

\nGeneral and administrative<\/p>\n

\n\u00a0<\/p>\n

\n4,883<\/p>\n

\n\u00a0<\/p>\n

\n9,137<\/p>\n

\nTotal equity-based compensation<\/p>\n

\n\u00a0<\/p>\n

\n\u00a0<\/p>\n

\n$26,524<\/p>\n

\n\u00a0<\/p>\n

\n$28,826<\/p>\n

\n(b)<\/p>\n

\nAdjustments represent the excess tax benefits and tax deficiencies of the equity awards vested during the period. Excess tax benefits (deficiencies) occur when the amount deductible on our tax return for an equity award is more (less) than the cumulative compensation cost recognized for financial reporting purposes. As discussed above, we exclude equity-based compensation from adjusted non-GAAP results to be consistent with other companies in the software industry and for the other reasons explained in our Current Report on Form 8-K filed with the SEC. Therefore, we also exclude the related tax benefit (expense) generated upon their vesting.<\/p>\n

\n(c)<\/p>\n

\nIn the fourth quarter of 2024, we recorded $7.0 million of expense for an unusual health insurance claim. During the first quarter of 2025, we received an insurance recovery of $4.7 million for this claim, partially offset by $1.0 million of ongoing expense for the claim. During the second quarter of 2025, we recorded an additional $3.0 million of expense for this unusual health insurance claim. During the fourth quarter of 2025, we settled the remaining balance of the claim and recorded $6.2 million of benefit as the final payment was much lower than the cost estimates previously provided by our health insurance provider. Based on the uncommonly large magnitude and nature of the claim and timing of related insurance recoveries, we do not believe that this expense reflects our normal operating activities, and we have excluded the amount from adjusted non-GAAP results.<\/p>\n

\n(d)<\/p>\n

\nIn January 2025, the Company eliminated about 100 positions to align our services capacity with customer demand, which had been impacted by macro-economic uncertainty. We recorded pre-tax restructuring expense in the first quarter of 2025 of approximately $2.9 million. The expense primarily consists of employee severance and outplacement services. We do not believe that the expense is a common cost that resulted from normal operating activities, and thus we have excluded the amount from adjusted non-GAAP results.<\/p>\n

\nMANHATTAN ASSOCIATES, INC. AND SUBSIDIARIES<\/p>\n

\nCondensed Consolidated Balance Sheets<\/p>\n

\n(in thousands, except share and per share data)<\/p>\n

\n\u00a0<\/p>\n

\n\u00a0<\/p>\n

\n\u00a0<\/p>\n

\nMarch 31, 2026<\/p>\n

\n\u00a0<\/p>\n

\n\u00a0<\/p>\n

\nDecember 31, 2025<\/p>\n

\n\u00a0<\/p>\n

\n\u00a0<\/p>\n

\n\u00a0<\/p>\n

\n(unaudited)<\/p>\n

\n\u00a0<\/p>\n

\n\u00a0<\/p>\n

\n\u00a0<\/p>\n

\n\u00a0<\/p>\n

\nASSETS<\/p>\n

\n\u00a0<\/p>\n

\n\u00a0<\/p>\n

\n\u00a0<\/p>\n

\n\u00a0<\/p>\n

\n\u00a0<\/p>\n

\n\u00a0<\/p>\n

\nCurrent assets:<\/p>\n

\n\u00a0<\/p>\n

\n\u00a0<\/p>\n

\n\u00a0<\/p>\n

\n\u00a0<\/p>\n

\n\u00a0<\/p>\n

\n\u00a0<\/p>\n

\nCash and cash equivalents<\/p>\n

\n\u00a0<\/p>\n

\n$<\/p>\n

\n226,133<\/p>\n

\n\u00a0<\/p>\n

\n\u00a0<\/p>\n

\n$<\/p>\n

\n328,747<\/p>\n

\n\u00a0<\/p>\n

\nAccounts receivable, net<\/p>\n

\n\u00a0<\/p>\n

\n\u00a0<\/p>\n

\n227,110<\/p>\n

\n\u00a0<\/p>\n

\n\u00a0<\/p>\n

\n\u00a0<\/p>\n

\n214,679<\/p>\n

\n\u00a0<\/p>\n

\nPrepaid expenses and other current assets<\/p>\n

\n\u00a0<\/p>\n

\n\u00a0<\/p>\n

\n62,573<\/p>\n

\n\u00a0<\/p>\n

\n\u00a0<\/p>\n

\n\u00a0<\/p>\n

\n39,912<\/p>\n

\n\u00a0<\/p>\n

\nTotal current assets<\/p>\n

\n\u00a0<\/p>\n

\n\u00a0<\/p>\n

\n515,816<\/p>\n

\n\u00a0<\/p>\n

\n\u00a0<\/p>\n

\n\u00a0<\/p>\n

\n583,338<\/p>\n

\n\u00a0<\/p>\n

\n\u00a0<\/p>\n

\n\u00a0<\/p>\n

\n\u00a0<\/p>\n

\n\u00a0<\/p>\n

\n\u00a0<\/p>\n

\n\u00a0<\/p>\n

\n\u00a0<\/p>\n

\nProperty and equipment, net<\/p>\n

\n\u00a0<\/p>\n

\n\u00a0<\/p>\n

\n25,269<\/p>\n

\n\u00a0<\/p>\n

\n\u00a0<\/p>\n

\n\u00a0<\/p>\n

\n23,120<\/p>\n

\n\u00a0<\/p>\n

\nOperating lease right-of-use assets<\/p>\n

\n\u00a0<\/p>\n

\n\u00a0<\/p>\n

\n47,431<\/p>\n

\n\u00a0<\/p>\n

\n\u00a0<\/p>\n

\n\u00a0<\/p>\n

\n50,443<\/p>\n

\n\u00a0<\/p>\n

\nGoodwill, net<\/p>\n

\n\u00a0<\/p>\n

\n\u00a0<\/p>\n

\n62,241<\/p>\n

\n\u00a0<\/p>\n

\n\u00a0<\/p>\n

\n\u00a0<\/p>\n

\n62,244<\/p>\n

\n\u00a0<\/p>\n

\nDeferred income taxes<\/p>\n

\n\u00a0<\/p>\n

\n\u00a0<\/p>\n

\n43,763<\/p>\n

\n\u00a0<\/p>\n

\n\u00a0<\/p>\n

\n\u00a0<\/p>\n

\n75,900<\/p>\n

\n\u00a0<\/p>\n

\nOther assets<\/p>\n

\n\u00a0<\/p>\n

\n\u00a0<\/p>\n

\n46,018<\/p>\n

\n\u00a0<\/p>\n

\n\u00a0<\/p>\n

\n\u00a0<\/p>\n

\n44,343<\/p>\n

\n\u00a0<\/p>\n

\nTotal assets<\/p>\n

\n\u00a0<\/p>\n

\n$<\/p>\n

\n740,538<\/p>\n

\n\u00a0<\/p>\n

\n\u00a0<\/p>\n

\n$<\/p>\n

\n839,388<\/p>\n

\n\u00a0<\/p>\n

\n\u00a0<\/p>\n

\n\u00a0<\/p>\n

\n\u00a0<\/p>\n

\n\u00a0<\/p>\n

\n\u00a0<\/p>\n

\n\u00a0<\/p>\n

\n\u00a0<\/p>\n

\nLIABILITIES AND SHAREHOLDERS’ EQUITY<\/p>\n

\n\u00a0<\/p>\n

\n\u00a0<\/p>\n

\n\u00a0<\/p>\n

\n\u00a0<\/p>\n

\n\u00a0<\/p>\n

\n\u00a0<\/p>\n

\nCurrent liabilities:<\/p>\n

\n\u00a0<\/p>\n

\n\u00a0<\/p>\n

\n\u00a0<\/p>\n

\n\u00a0<\/p>\n

\n\u00a0<\/p>\n

\n\u00a0<\/p>\n

\nAccounts payable<\/p>\n

\n\u00a0<\/p>\n

\n$<\/p>\n

\n22,415<\/p>\n

\n\u00a0<\/p>\n

\n\u00a0<\/p>\n

\n$<\/p>\n

\n22,182<\/p>\n

\n\u00a0<\/p>\n

\nAccrued compensation and benefits<\/p>\n

\n\u00a0<\/p>\n

\n\u00a0<\/p>\n

\n58,415<\/p>\n

\n\u00a0<\/p>\n

\n\u00a0<\/p>\n

\n\u00a0<\/p>\n

\n69,309<\/p>\n

\n\u00a0<\/p>\n

\nAccrued and other liabilities<\/p>\n

\n\u00a0<\/p>\n

\n\u00a0<\/p>\n

\n30,571<\/p>\n

\n\u00a0<\/p>\n

\n\u00a0<\/p>\n

\n\u00a0<\/p>\n

\n26,570<\/p>\n

\n\u00a0<\/p>\n

\nDeferred revenue<\/p>\n

\n\u00a0<\/p>\n

\n\u00a0<\/p>\n

\n355,909<\/p>\n

\n\u00a0<\/p>\n

\n\u00a0<\/p>\n

\n\u00a0<\/p>\n

\n337,049<\/p>\n

\n\u00a0<\/p>\n

\nIncome taxes payable<\/p>\n

\n\u00a0<\/p>\n

\n\u00a0<\/p>\n

\n90<\/p>\n

\n\u00a0<\/p>\n

\n\u00a0<\/p>\n

\n\u00a0<\/p>\n

\n803<\/p>\n

\n\u00a0<\/p>\n

\nTotal current liabilities<\/p>\n

\n\u00a0<\/p>\n

\n\u00a0<\/p>\n

\n467,400<\/p>\n

\n\u00a0<\/p>\n

\n\u00a0<\/p>\n

\n\u00a0<\/p>\n

\n455,913<\/p>\n

\n\u00a0<\/p>\n

\n\u00a0<\/p>\n

\n\u00a0<\/p>\n

\n\u00a0<\/p>\n

\n\u00a0<\/p>\n

\n\u00a0<\/p>\n

\n\u00a0<\/p>\n

\n\u00a0<\/p>\n

\nOperating lease liabilities, long-term<\/p>\n

\n\u00a0<\/p>\n

\n\u00a0<\/p>\n

\n55,685<\/p>\n

\n\u00a0<\/p>\n

\n\u00a0<\/p>\n

\n\u00a0<\/p>\n

\n56,180<\/p>\n

\n\u00a0<\/p>\n

\nOther non-current liabilities<\/p>\n

\n\u00a0<\/p>\n

\n\u00a0<\/p>\n

\n12,278<\/p>\n

\n\u00a0<\/p>\n

\n\u00a0<\/p>\n

\n\u00a0<\/p>\n

\n12,530<\/p>\n

\n\u00a0<\/p>\n

\n\u00a0<\/p>\n

\n\u00a0<\/p>\n

\n\u00a0<\/p>\n

\n\u00a0<\/p>\n

\n\u00a0<\/p>\n

\n\u00a0<\/p>\n

\n\u00a0<\/p>\n

\nShareholders’ equity:<\/p>\n

\n\u00a0<\/p>\n

\n\u00a0<\/p>\n

\n\u00a0<\/p>\n

\n\u00a0<\/p>\n

\n\u00a0<\/p>\n

\n\u00a0<\/p>\n

\nPreferred stock, no par value; 20,000,000 shares authorized, no shares issued or outstanding in 2026 and 2025<\/p>\n

\n\u00a0<\/p>\n

\n\u00a0<\/p>\n

\n–<\/p>\n

\n\u00a0<\/p>\n

\n\u00a0<\/p>\n

\n\u00a0<\/p>\n

\n–<\/p>\n

\n\u00a0<\/p>\n

\nCommon stock, $0.01 par value; 200,000,000 shares authorized; 59,164,492 and 59,845,291 shares issued and outstanding at March 31, 2026 and December 31, 2025, respectively<\/p>\n

\n\u00a0<\/p>\n

\n\u00a0<\/p>\n

\n591<\/p>\n

\n\u00a0<\/p>\n

\n\u00a0<\/p>\n

\n\u00a0<\/p>\n

\n598<\/p>\n

\n\u00a0<\/p>\n

\nRetained earnings<\/p>\n

\n\u00a0<\/p>\n

\n\u00a0<\/p>\n

\n240,577<\/p>\n

\n\u00a0<\/p>\n

\n\u00a0<\/p>\n

\n\u00a0<\/p>\n

\n345,097<\/p>\n

\n\u00a0<\/p>\n

\nAccumulated other comprehensive loss<\/p>\n

\n\u00a0<\/p>\n

\n\u00a0<\/p>\n

\n(35,993<\/p>\n

\n)<\/p>\n

\n\u00a0<\/p>\n

\n\u00a0<\/p>\n

\n(30,930<\/p>\n

\n)<\/p>\n

\nTotal shareholders’ equity<\/p>\n

\n\u00a0<\/p>\n

\n\u00a0<\/p>\n

\n205,175<\/p>\n

\n\u00a0<\/p>\n

\n\u00a0<\/p>\n

\n\u00a0<\/p>\n

\n314,765<\/p>\n

\n\u00a0<\/p>\n

\nTotal liabilities and shareholders’ equity<\/p>\n

\n\u00a0<\/p>\n

\n$<\/p>\n

\n740,538<\/p>\n

\n\u00a0<\/p>\n

\n\u00a0<\/p>\n

\n$<\/p>\n

\n839,388<\/p>\n

\n\u00a0<\/p>\n

\nMANHATTAN ASSOCIATES, INC. AND SUBSIDIARIES<\/p>\n

\nCondensed Consolidated Statements of Cash Flows<\/p>\n

\n(in thousands)<\/p>\n

\n\u00a0<\/p>\n

\n\u00a0<\/p>\n

\n\u00a0<\/p>\n

\nThree Months Ended March 31,<\/p>\n

\n\u00a0<\/p>\n

\n\u00a0<\/p>\n

\n\u00a0<\/p>\n

\n2026<\/p>\n

\n\u00a0<\/p>\n

\n\u00a0<\/p>\n

\n2025<\/p>\n

\n\u00a0<\/p>\n

\n\u00a0<\/p>\n

\n\u00a0<\/p>\n

\n(unaudited)<\/p>\n

\n\u00a0<\/p>\n

\n\u00a0<\/p>\n

\n(unaudited)<\/p>\n

\n\u00a0<\/p>\n

\nOperating activities:<\/p>\n

\n\u00a0<\/p>\n

\n\u00a0<\/p>\n

\n\u00a0<\/p>\n

\n\u00a0<\/p>\n

\n\u00a0<\/p>\n

\n\u00a0<\/p>\n

\nNet income<\/p>\n

\n\u00a0<\/p>\n

\n$<\/p>\n

\n49,295<\/p>\n

\n\u00a0<\/p>\n

\n\u00a0<\/p>\n

\n$<\/p>\n

\n52,582<\/p>\n

\n\u00a0<\/p>\n

\nAdjustments to reconcile net income to net cash provided by operating activities:<\/p>\n

\n\u00a0<\/p>\n

\n\u00a0<\/p>\n

\n\u00a0<\/p>\n

\n\u00a0<\/p>\n

\n\u00a0<\/p>\n

\n\u00a0<\/p>\n

\nDepreciation and amortization<\/p>\n

\n\u00a0<\/p>\n

\n\u00a0<\/p>\n

\n1,833<\/p>\n

\n\u00a0<\/p>\n

\n\u00a0<\/p>\n

\n\u00a0<\/p>\n

\n1,541<\/p>\n

\n\u00a0<\/p>\n

\nEquity-based compensation<\/p>\n

\n\u00a0<\/p>\n

\n\u00a0<\/p>\n

\n26,524<\/p>\n

\n\u00a0<\/p>\n

\n\u00a0<\/p>\n

\n\u00a0<\/p>\n

\n28,826<\/p>\n

\n\u00a0<\/p>\n

\nGain on disposal of equipment<\/p>\n

\n\u00a0<\/p>\n

\n\u00a0<\/p>\n

\n(156<\/p>\n

\n)<\/p>\n

\n\u00a0<\/p>\n

\n\u00a0<\/p>\n

\n(98<\/p>\n

\n)<\/p>\n

\nDeferred income taxes<\/p>\n

\n\u00a0<\/p>\n

\n\u00a0<\/p>\n

\n31,854<\/p>\n

\n\u00a0<\/p>\n

\n\u00a0<\/p>\n

\n\u00a0<\/p>\n

\n2,133<\/p>\n

\n\u00a0<\/p>\n

\nUnrealized foreign currency (gain) loss<\/p>\n

\n\u00a0<\/p>\n

\n\u00a0<\/p>\n

\n(2,212<\/p>\n

\n)<\/p>\n

\n\u00a0<\/p>\n

\n\u00a0<\/p>\n

\n781<\/p>\n

\n\u00a0<\/p>\n

\nChanges in operating assets and liabilities:<\/p>\n

\n\u00a0<\/p>\n

\n\u00a0<\/p>\n

\n\u00a0<\/p>\n

\n\u00a0<\/p>\n

\n\u00a0<\/p>\n

\n\u00a0<\/p>\n

\nAccounts receivable, net<\/p>\n

\n\u00a0<\/p>\n

\n\u00a0<\/p>\n

\n(13,217<\/p>\n

\n)<\/p>\n

\n\u00a0<\/p>\n

\n\u00a0<\/p>\n

\n(3,321<\/p>\n

\n)<\/p>\n

\nOther assets<\/p>\n

\n\u00a0<\/p>\n

\n\u00a0<\/p>\n

\n(9,651<\/p>\n

\n)<\/p>\n

\n\u00a0<\/p>\n

\n\u00a0<\/p>\n

\n(11,959<\/p>\n

\n)<\/p>\n

\nAccounts payable, accrued and other liabilities<\/p>\n

\n\u00a0<\/p>\n

\n\u00a0<\/p>\n

\n(4,044<\/p>\n

\n)<\/p>\n

\n\u00a0<\/p>\n

\n\u00a0<\/p>\n

\n(18,807<\/p>\n

\n)<\/p>\n

\nIncome taxes<\/p>\n

\n\u00a0<\/p>\n

\n\u00a0<\/p>\n

\n(15,790<\/p>\n

\n)<\/p>\n

\n\u00a0<\/p>\n

\n\u00a0<\/p>\n

\n6,482<\/p>\n

\n\u00a0<\/p>\n

\nDeferred revenue<\/p>\n

\n\u00a0<\/p>\n

\n\u00a0<\/p>\n

\n19,609<\/p>\n

\n\u00a0<\/p>\n

\n\u00a0<\/p>\n

\n\u00a0<\/p>\n

\n17,100<\/p>\n

\n\u00a0<\/p>\n

\nNet cash provided by operating activities<\/p>\n

\n\u00a0<\/p>\n

\n\u00a0<\/p>\n

\n84,045<\/p>\n

\n\u00a0<\/p>\n

\n\u00a0<\/p>\n

\n\u00a0<\/p>\n

\n75,260<\/p>\n

\n\u00a0<\/p>\n

\n\u00a0<\/p>\n

\n\u00a0<\/p>\n

\n\u00a0<\/p>\n

\n\u00a0<\/p>\n

\n\u00a0<\/p>\n

\n\u00a0<\/p>\n

\n\u00a0<\/p>\n

\nInvesting activities:<\/p>\n

\n\u00a0<\/p>\n

\n\u00a0<\/p>\n

\n\u00a0<\/p>\n

\n\u00a0<\/p>\n

\n\u00a0<\/p>\n

\n\u00a0<\/p>\n

\nPurchase of property and equipment<\/p>\n

\n\u00a0<\/p>\n

\n\u00a0<\/p>\n

\n(4,103<\/p>\n

\n)<\/p>\n

\n\u00a0<\/p>\n

\n\u00a0<\/p>\n

\n(891<\/p>\n

\n)<\/p>\n

\nNet cash used in investing activities<\/p>\n

\n\u00a0<\/p>\n

\n\u00a0<\/p>\n

\n(4,103<\/p>\n

\n)<\/p>\n

\n\u00a0<\/p>\n

\n\u00a0<\/p>\n

\n(891<\/p>\n

\n)<\/p>\n

\n\u00a0<\/p>\n

\n\u00a0<\/p>\n

\n\u00a0<\/p>\n

\n\u00a0<\/p>\n

\n\u00a0<\/p>\n

\n\u00a0<\/p>\n

\n\u00a0<\/p>\n

\nFinancing activities:<\/p>\n

\n\u00a0<\/p>\n

\n\u00a0<\/p>\n

\n\u00a0<\/p>\n

\n\u00a0<\/p>\n

\n\u00a0<\/p>\n

\n\u00a0<\/p>\n

\nRepurchase of common stock<\/p>\n

\n\u00a0<\/p>\n

\n\u00a0<\/p>\n

\n(179,387<\/p>\n

\n)<\/p>\n

\n\u00a0<\/p>\n

\n\u00a0<\/p>\n

\n(136,447<\/p>\n

\n)<\/p>\n

\nNet cash used in financing activities<\/p>\n

\n\u00a0<\/p>\n

\n\u00a0<\/p>\n

\n(179,387<\/p>\n

\n)<\/p>\n

\n\u00a0<\/p>\n

\n\u00a0<\/p>\n

\n(136,447<\/p>\n

\n)<\/p>\n

\n\u00a0<\/p>\n

\n\u00a0<\/p>\n

\n\u00a0<\/p>\n

\n\u00a0<\/p>\n

\n\u00a0<\/p>\n

\n\u00a0<\/p>\n

\n\u00a0<\/p>\n

\nForeign currency impact on cash<\/p>\n

\n\u00a0<\/p>\n

\n\u00a0<\/p>\n

\n(3,169<\/p>\n

\n)<\/p>\n

\n\u00a0<\/p>\n

\n\u00a0<\/p>\n

\n1,721<\/p>\n

\n\u00a0<\/p>\n

\n\u00a0<\/p>\n

\n\u00a0<\/p>\n

\n\u00a0<\/p>\n

\n\u00a0<\/p>\n

\n\u00a0<\/p>\n

\n\u00a0<\/p>\n

\n\u00a0<\/p>\n

\nNet change in cash and cash equivalents<\/p>\n

\n\u00a0<\/p>\n

\n\u00a0<\/p>\n

\n(102,614<\/p>\n

\n)<\/p>\n

\n\u00a0<\/p>\n

\n\u00a0<\/p>\n

\n(60,357<\/p>\n

\n)<\/p>\n

\nCash and cash equivalents at beginning of period<\/p>\n

\n\u00a0<\/p>\n

\n\u00a0<\/p>\n

\n328,747<\/p>\n

\n\u00a0<\/p>\n

\n\u00a0<\/p>\n

\n\u00a0<\/p>\n

\n266,230<\/p>\n

\n\u00a0<\/p>\n

\nCash and cash equivalents at end of period<\/p>\n

\n\u00a0<\/p>\n

\n$<\/p>\n

\n226,133<\/p>\n

\n\u00a0<\/p>\n

\n\u00a0<\/p>\n

\n$<\/p>\n

\n205,873<\/p>\n

\n\u00a0<\/p>\n

\nMANHATTAN ASSOCIATES, INC.<\/p>\n

\nSUPPLEMENTAL INFORMATION<\/p>\n

\n1. GAAP and adjusted earnings per share by quarter are as follows:<\/p>\n

\n\u00a0<\/p>\n

\n2025<\/p>\n

\n\u00a0<\/p>\n

\n\u00a0<\/p>\n

\n\u00a0<\/p>\n

\n\u00a0<\/p>\n

\n\u00a0<\/p>\n

\n2026<\/p>\n

\n\u00a0<\/p>\n

\n1st Qtr<\/p>\n

\n\u00a0<\/p>\n

\n2nd Qtr<\/p>\n

\n\u00a0<\/p>\n

\n3rd Qtr<\/p>\n

\n\u00a0<\/p>\n

\n4th Qtr<\/p>\n

\n\u00a0<\/p>\n

\nFull Year<\/p>\n

\n\u00a0<\/p>\n

\n1st Qtr<\/p>\n

\nGAAP Diluted EPS<\/p>\n

\n$0.85<\/p>\n

\n\u00a0<\/p>\n

\n\u00a0<\/p>\n

\n$0.93<\/p>\n

\n\u00a0<\/p>\n

\n$0.96<\/p>\n

\n\u00a0<\/p>\n

\n\u00a0<\/p>\n

\n$0.86<\/p>\n

\n\u00a0<\/p>\n

\n\u00a0<\/p>\n

\n$3.60<\/p>\n

\n\u00a0<\/p>\n

\n\u00a0<\/p>\n

\n$0.82<\/p>\n

\nAdjustments to GAAP:<\/p>\n

\n\u00a0<\/p>\n

\n\u00a0<\/p>\n

\n\u00a0<\/p>\n

\n\u00a0<\/p>\n

\n\u00a0<\/p>\n

\n\u00a0<\/p>\n

\n\u00a0<\/p>\n

\n\u00a0<\/p>\n

\n\u00a0<\/p>\n

\n\u00a0<\/p>\n

\n\u00a0<\/p>\n

\nEquity-based compensation<\/p>\n

\n0.40<\/p>\n

\n\u00a0<\/p>\n

\n\u00a0<\/p>\n

\n0.35<\/p>\n

\n\u00a0<\/p>\n

\n0.40<\/p>\n

\n\u00a0<\/p>\n

\n\u00a0<\/p>\n

\n0.43<\/p>\n

\n\u00a0<\/p>\n

\n\u00a0<\/p>\n

\n1.57<\/p>\n

\n\u00a0<\/p>\n

\n\u00a0<\/p>\n

\n0.38<\/p>\n

\nTax deficiency (benefit) of stock awards vested<\/p>\n

\n(0.06<\/p>\n

\n)<\/p>\n

\n\u00a0<\/p>\n

\n–<\/p>\n

\n\u00a0<\/p>\n

\n(0.01<\/p>\n

\n)<\/p>\n

\n\u00a0<\/p>\n

\n–<\/p>\n

\n\u00a0<\/p>\n

\n\u00a0<\/p>\n

\n(0.06<\/p>\n

\n)<\/p>\n

\n\u00a0<\/p>\n

\n0.04<\/p>\n

\nRestructuring expense<\/p>\n

\n(0.05<\/p>\n

\n)<\/p>\n

\n\u00a0<\/p>\n

\n0.04<\/p>\n

\n\u00a0<\/p>\n

\n–<\/p>\n

\n\u00a0<\/p>\n

\n\u00a0<\/p>\n

\n(0.08<\/p>\n

\n)<\/p>\n

\n\u00a0<\/p>\n

\n(0.09<\/p>\n

\n)<\/p>\n

\n\u00a0<\/p>\n

\n–<\/p>\n

\nUnusual health insurance claim<\/p>\n

\n0.04<\/p>\n

\n\u00a0<\/p>\n

\n\u00a0<\/p>\n

\n–<\/p>\n

\n\u00a0<\/p>\n

\n–<\/p>\n

\n\u00a0<\/p>\n

\n\u00a0<\/p>\n

\n–<\/p>\n

\n\u00a0<\/p>\n

\n\u00a0<\/p>\n

\n0.04<\/p>\n

\n\u00a0<\/p>\n

\n\u00a0<\/p>\n

\n–<\/p>\n

\nAdjusted Diluted EPS<\/p>\n

\n$1.19<\/p>\n

\n\u00a0<\/p>\n

\n\u00a0<\/p>\n

\n$1.31<\/p>\n

\n\u00a0<\/p>\n

\n$1.36<\/p>\n

\n\u00a0<\/p>\n

\n\u00a0<\/p>\n

\n$1.21<\/p>\n

\n\u00a0<\/p>\n

\n\u00a0<\/p>\n

\n$5.06<\/p>\n

\n\u00a0<\/p>\n

\n\u00a0<\/p>\n

\n$1.24<\/p>\n

\nFully Diluted Shares<\/p>\n

\n61,527<\/p>\n

\n\u00a0<\/p>\n

\n\u00a0<\/p>\n

\n61,074<\/p>\n

\n\u00a0<\/p>\n

\n60,954<\/p>\n

\n\u00a0<\/p>\n

\n\u00a0<\/p>\n

\n60,642<\/p>\n

\n\u00a0<\/p>\n

\n\u00a0<\/p>\n

\n61,054<\/p>\n

\n\u00a0<\/p>\n

\n\u00a0<\/p>\n

\n60,038<\/p>\n

\n2. Revenues and operating income by reportable segment are as follows (in thousands):<\/p>\n

\n\u00a0<\/p>\n

\n2025<\/p>\n

\n\u00a0<\/p>\n

\n\u00a0<\/p>\n

\n\u00a0<\/p>\n

\n\u00a0<\/p>\n

\n2026<\/p>\n

\n\u00a0<\/p>\n

\n1st Qtr<\/p>\n

\n\u00a0<\/p>\n

\n2nd Qtr<\/p>\n

\n\u00a0<\/p>\n

\n3rd Qtr<\/p>\n

\n\u00a0<\/p>\n

\n4th Qtr<\/p>\n

\n\u00a0<\/p>\n

\nFull Year<\/p>\n

\n\u00a0<\/p>\n

\n1st Qtr<\/p>\n

\nRevenue:<\/p>\n

\nAmericas<\/p>\n

\n$194,615<\/p>\n

\n\u00a0<\/p>\n

\n\u00a0<\/p>\n

\n$206,606<\/p>\n

\n\u00a0<\/p>\n

\n$206,659<\/p>\n

\n\u00a0<\/p>\n

\n$202,546<\/p>\n

\n\u00a0<\/p>\n

\n\u00a0<\/p>\n

\n$810,426<\/p>\n

\n\u00a0<\/p>\n

\n\u00a0<\/p>\n

\n$214,550<\/p>\n

\nEMEA<\/p>\n

\n55,542<\/p>\n

\n\u00a0<\/p>\n

\n\u00a0<\/p>\n

\n52,301<\/p>\n

\n\u00a0<\/p>\n

\n53,975<\/p>\n

\n\u00a0<\/p>\n

\n53,978<\/p>\n

\n\u00a0<\/p>\n

\n\u00a0<\/p>\n

\n215,796<\/p>\n

\n\u00a0<\/p>\n

\n\u00a0<\/p>\n

\n53,663<\/p>\n

\nAPAC<\/p>\n

\n12,630<\/p>\n

\n\u00a0<\/p>\n

\n\u00a0<\/p>\n

\n13,514<\/p>\n

\n\u00a0<\/p>\n

\n15,161<\/p>\n

\n\u00a0<\/p>\n

\n13,865<\/p>\n

\n\u00a0<\/p>\n

\n\u00a0<\/p>\n

\n55,170<\/p>\n

\n\u00a0<\/p>\n

\n\u00a0<\/p>\n

\n14,002<\/p>\n

\n\u00a0<\/p>\n

\n$262,787<\/p>\n

\n\u00a0<\/p>\n

\n\u00a0<\/p>\n

\n$272,421<\/p>\n

\n\u00a0<\/p>\n

\n$275,795<\/p>\n

\n\u00a0<\/p>\n

\n$270,389<\/p>\n

\n\u00a0<\/p>\n

\n\u00a0<\/p>\n

\n$1,081,392<\/p>\n

\n\u00a0<\/p>\n

\n\u00a0<\/p>\n

\n$282,215<\/p>\n

\n\u00a0<\/p>\n

\n\u00a0<\/p>\n

\n\u00a0<\/p>\n

\n\u00a0<\/p>\n

\n\u00a0<\/p>\n

\n\u00a0<\/p>\n

\n\u00a0<\/p>\n

\n\u00a0<\/p>\n

\n\u00a0<\/p>\n

\n\u00a0<\/p>\n

\n\u00a0<\/p>\n

\n\u00a0<\/p>\n

\nGAAP Operating Income:<\/p>\n

\nAmericas<\/p>\n

\n$33,862<\/p>\n

\n\u00a0<\/p>\n

\n\u00a0<\/p>\n

\n$48,051<\/p>\n

\n\u00a0<\/p>\n

\n$45,783<\/p>\n

\n\u00a0<\/p>\n

\n$39,875<\/p>\n

\n\u00a0<\/p>\n

\n\u00a0<\/p>\n

\n$167,571<\/p>\n

\n\u00a0<\/p>\n

\n\u00a0<\/p>\n

\n$39,005<\/p>\n

\nEMEA<\/p>\n

\n23,703<\/p>\n

\n\u00a0<\/p>\n

\n\u00a0<\/p>\n

\n19,807<\/p>\n

\n\u00a0<\/p>\n

\n22,877<\/p>\n

\n\u00a0<\/p>\n

\n21,686<\/p>\n

\n\u00a0<\/p>\n

\n\u00a0<\/p>\n

\n88,073<\/p>\n

\n\u00a0<\/p>\n

\n\u00a0<\/p>\n

\n19,670<\/p>\n

\nAPAC<\/p>\n

\n5,607<\/p>\n

\n\u00a0<\/p>\n

\n\u00a0<\/p>\n

\n5,930<\/p>\n

\n\u00a0<\/p>\n

\n7,168<\/p>\n

\n\u00a0<\/p>\n

\n5,451<\/p>\n

\n\u00a0<\/p>\n

\n\u00a0<\/p>\n

\n24,156<\/p>\n

\n\u00a0<\/p>\n

\n\u00a0<\/p>\n

\n6,262<\/p>\n

\n\u00a0<\/p>\n

\n$63,172<\/p>\n

\n\u00a0<\/p>\n

\n\u00a0<\/p>\n

\n$73,788<\/p>\n

\n\u00a0<\/p>\n

\n$75,828<\/p>\n

\n\u00a0<\/p>\n

\n$67,012<\/p>\n

\n\u00a0<\/p>\n

\n\u00a0<\/p>\n

\n$279,800<\/p>\n

\n\u00a0<\/p>\n

\n\u00a0<\/p>\n

\n$64,937<\/p>\n

\n\u00a0<\/p>\n

\n\u00a0<\/p>\n

\n\u00a0<\/p>\n

\n\u00a0<\/p>\n

\n\u00a0<\/p>\n

\n\u00a0<\/p>\n

\n\u00a0<\/p>\n

\n\u00a0<\/p>\n

\n\u00a0<\/p>\n

\n\u00a0<\/p>\n

\n\u00a0<\/p>\n

\n\u00a0<\/p>\n

\nAdjustments (pre-tax):<\/p>\n

\nAmericas:<\/p>\n

\n\u00a0<\/p>\n

\n\u00a0<\/p>\n

\n\u00a0<\/p>\n

\n\u00a0<\/p>\n

\n\u00a0<\/p>\n

\n\u00a0<\/p>\n

\n\u00a0<\/p>\n

\n\u00a0<\/p>\n

\n\u00a0<\/p>\n

\n\u00a0<\/p>\n

\n\u00a0<\/p>\n

\nEquity-based compensation<\/p>\n

\n$28,826<\/p>\n

\n\u00a0<\/p>\n

\n\u00a0<\/p>\n

\n$24,275<\/p>\n

\n\u00a0<\/p>\n

\n$27,577<\/p>\n

\n\u00a0<\/p>\n

\n$30,585<\/p>\n

\n\u00a0<\/p>\n

\n\u00a0<\/p>\n

\n$111,263<\/p>\n

\n\u00a0<\/p>\n

\n\u00a0<\/p>\n

\n$26,524<\/p>\n

\nUnusual health insurance claim<\/p>\n

\n(3,658<\/p>\n

\n)<\/p>\n

\n\u00a0<\/p>\n

\n3,000<\/p>\n

\n\u00a0<\/p>\n

\n–<\/p>\n

\n\u00a0<\/p>\n

\n(6,224<\/p>\n

\n)<\/p>\n

\n\u00a0<\/p>\n

\n(6,882<\/p>\n

\n)<\/p>\n

\n\u00a0<\/p>\n

\n–<\/p>\n

\nRestructuring expense<\/p>\n

\n2,929<\/p>\n

\n\u00a0<\/p>\n

\n\u00a0<\/p>\n

\n8<\/p>\n

\n\u00a0<\/p>\n

\n–<\/p>\n

\n\u00a0<\/p>\n

\n–<\/p>\n

\n\u00a0<\/p>\n

\n\u00a0<\/p>\n

\n2,937<\/p>\n

\n\u00a0<\/p>\n

\n\u00a0<\/p>\n

\n–<\/p>\n

\n\u00a0<\/p>\n

\n$28,097<\/p>\n

\n\u00a0<\/p>\n

\n\u00a0<\/p>\n

\n$27,283<\/p>\n

\n\u00a0<\/p>\n

\n$27,577<\/p>\n

\n\u00a0<\/p>\n

\n$24,361<\/p>\n

\n\u00a0<\/p>\n

\n\u00a0<\/p>\n

\n$107,318<\/p>\n

\n\u00a0<\/p>\n

\n\u00a0<\/p>\n

\n$26,524<\/p>\n

\n\u00a0<\/p>\n

\n\u00a0<\/p>\n

\n\u00a0<\/p>\n

\n\u00a0<\/p>\n

\n\u00a0<\/p>\n

\n\u00a0<\/p>\n

\n\u00a0<\/p>\n

\n\u00a0<\/p>\n

\n\u00a0<\/p>\n

\n\u00a0<\/p>\n

\n\u00a0<\/p>\n

\n\u00a0<\/p>\n

\nAdjusted non-GAAP Operating Income:<\/p>\n

\nAmericas<\/p>\n

\n$61,959<\/p>\n

\n\u00a0<\/p>\n

\n\u00a0<\/p>\n

\n$75,334<\/p>\n

\n\u00a0<\/p>\n

\n$73,360<\/p>\n

\n\u00a0<\/p>\n

\n$64,236<\/p>\n

\n\u00a0<\/p>\n

\n\u00a0<\/p>\n

\n$274,889<\/p>\n

\n\u00a0<\/p>\n

\n\u00a0<\/p>\n

\n$65,529<\/p>\n

\nEMEA<\/p>\n

\n23,703<\/p>\n

\n\u00a0<\/p>\n

\n\u00a0<\/p>\n

\n19,807<\/p>\n

\n\u00a0<\/p>\n

\n22,877<\/p>\n

\n\u00a0<\/p>\n

\n21,686<\/p>\n

\n\u00a0<\/p>\n

\n\u00a0<\/p>\n

\n88,073<\/p>\n

\n\u00a0<\/p>\n

\n\u00a0<\/p>\n

\n19,670<\/p>\n

\nAPAC<\/p>\n

\n5,607<\/p>\n

\n\u00a0<\/p>\n

\n\u00a0<\/p>\n

\n5,930<\/p>\n

\n\u00a0<\/p>\n

\n7,168<\/p>\n

\n\u00a0<\/p>\n

\n5,451<\/p>\n

\n\u00a0<\/p>\n

\n\u00a0<\/p>\n

\n24,156<\/p>\n

\n\u00a0<\/p>\n

\n\u00a0<\/p>\n

\n6,262<\/p>\n

\n$91,269<\/p>\n

\n\u00a0<\/p>\n

\n\u00a0<\/p>\n

\n$101,071<\/p>\n

\n\u00a0<\/p>\n

\n$103,405<\/p>\n

\n\u00a0<\/p>\n

\n$91,373<\/p>\n

\n\u00a0<\/p>\n

\n\u00a0<\/p>\n

\n$387,118<\/p>\n

\n\u00a0<\/p>\n

\n\u00a0<\/p>\n

\n$91,461<\/p>\n

\n3. Impact of Currency Fluctuation<\/p>\n

\nThe following table reflects the increases (decreases) in the results of operations for each period attributable to the change in foreign currency exchange rates from the prior period as well as foreign currency gains (losses) included in other income, net for each period (in thousands):<\/p>\n

\n\u00a0<\/p>\n

\n\u00a0<\/p>\n

\n\u00a0<\/p>\n

\n\u00a0<\/p>\n

\n\u00a0<\/p>\n

\n\u00a0<\/p>\n

\n\u00a0<\/p>\n

\n\u00a0<\/p>\n

\n\u00a0<\/p>\n

\n\u00a0<\/p>\n

\n\u00a0<\/p>\n

\n\u00a0<\/p>\n

\n\u00a0<\/p>\n

\n2025<\/p>\n

\n\u00a0<\/p>\n

\n\u00a0<\/p>\n

\n\u00a0<\/p>\n

\n2026<\/p>\n

\n\u00a0<\/p>\n

\n1st Qtr<\/p>\n

\n\u00a0<\/p>\n

\n2nd Qtr<\/p>\n

\n\u00a0<\/p>\n

\n3rd Qtr<\/p>\n

\n\u00a0<\/p>\n

\n4th Qtr<\/p>\n

\n\u00a0<\/p>\n

\nFull Year<\/p>\n

\n\u00a0<\/p>\n

\n1st Qtr<\/p>\n

\nRevenue<\/p>\n

\n$(1,591<\/p>\n

\n)<\/p>\n

\n\u00a0<\/p>\n

\n$2,724<\/p>\n

\n\u00a0<\/p>\n

\n\u00a0<\/p>\n

\n$2,652<\/p>\n

\n\u00a0<\/p>\n

\n$3,833<\/p>\n

\n\u00a0<\/p>\n

\n$7,618<\/p>\n

\n\u00a0<\/p>\n

\n$5,975<\/p>\n

\nCosts and expenses<\/p>\n

\n(1,966<\/p>\n

\n)<\/p>\n

\n\u00a0<\/p>\n

\n1,180<\/p>\n

\n\u00a0<\/p>\n

\n\u00a0<\/p>\n

\n738<\/p>\n

\n\u00a0<\/p>\n

\n906<\/p>\n

\n\u00a0<\/p>\n

\n858<\/p>\n

\n\u00a0<\/p>\n

\n2,646<\/p>\n

\nOperating income<\/p>\n

\n375<\/p>\n

\n\u00a0<\/p>\n

\n\u00a0<\/p>\n

\n1,544<\/p>\n

\n\u00a0<\/p>\n

\n\u00a0<\/p>\n

\n1,914<\/p>\n

\n\u00a0<\/p>\n

\n2,927<\/p>\n

\n\u00a0<\/p>\n

\n6,760<\/p>\n

\n\u00a0<\/p>\n

\n3,329<\/p>\n

\nForeign currency gains (losses) in other income<\/p>\n

\n131<\/p>\n

\n\u00a0<\/p>\n

\n\u00a0<\/p>\n

\n(65<\/p>\n

\n)<\/p>\n

\n\u00a0<\/p>\n

\n1,596<\/p>\n

\n\u00a0<\/p>\n

\n9<\/p>\n

\n\u00a0<\/p>\n

\n1,671<\/p>\n

\n\u00a0<\/p>\n

\n3,229<\/p>\n

\n\u00a0<\/p>\n

\n$506<\/p>\n

\n\u00a0<\/p>\n

\n\u00a0<\/p>\n

\n$1,479<\/p>\n

\n\u00a0<\/p>\n

\n\u00a0<\/p>\n

\n$3,510<\/p>\n

\n\u00a0<\/p>\n

\n$2,936<\/p>\n

\n\u00a0<\/p>\n

\n$8,431<\/p>\n

\n\u00a0<\/p>\n

\n$6,558<\/p>\n

\nManhattan Associates has a large research and development center in Bangalore, India. The following table reflects the increases (decreases) in the financial results for each period attributable to changes in the Indian Rupee exchange rate (in thousands):<\/p>\n

\n\u00a0<\/p>\n

\n2025<\/p>\n

\n\u00a0<\/p>\n

\n2026<\/p>\n

\n\u00a0<\/p>\n

\n1st Qtr<\/p>\n

\n\u00a0<\/p>\n

\n2nd Qtr<\/p>\n

\n\u00a0<\/p>\n

\n3rd Qtr<\/p>\n

\n\u00a0<\/p>\n

\n4th Qtr<\/p>\n

\n\u00a0<\/p>\n

\nFull Year<\/p>\n

\n\u00a0<\/p>\n

\n1st Qtr<\/p>\n

\nOperating income<\/p>\n

\n$785<\/p>\n

\n\u00a0<\/p>\n

\n$514<\/p>\n

\n\u00a0<\/p>\n

\n$832<\/p>\n

\n\u00a0<\/p>\n

\n$1,409<\/p>\n

\n\u00a0<\/p>\n

\n$3,540<\/p>\n

\n\u00a0<\/p>\n

\n$1,045<\/p>\n

\nForeign currency gains (losses) in other income<\/p>\n

\n15<\/p>\n

\n\u00a0<\/p>\n

\n140<\/p>\n

\n\u00a0<\/p>\n

\n1,978<\/p>\n

\n\u00a0<\/p>\n

\n742<\/p>\n

\n\u00a0<\/p>\n

\n2,875<\/p>\n

\n\u00a0<\/p>\n

\n3,449<\/p>\n

\nTotal impact of changes in the Indian Rupee<\/p>\n

\n$800<\/p>\n

\n\u00a0<\/p>\n

\n$654<\/p>\n

\n\u00a0<\/p>\n

\n$2,810<\/p>\n

\n\u00a0<\/p>\n

\n$2,151<\/p>\n

\n\u00a0<\/p>\n

\n$6,415<\/p>\n

\n\u00a0<\/p>\n

\n$4,494<\/p>\n

\n4. Other income includes the following components (in thousands):<\/p>\n

\n\u00a0<\/p>\n

\n2025<\/p>\n

\n\u00a0<\/p>\n

\n\u00a0<\/p>\n

\n\u00a0<\/p>\n

\n2026<\/p>\n

\n\u00a0<\/p>\n

\n1st Qtr<\/p>\n

\n\u00a0<\/p>\n

\n2nd Qtr<\/p>\n

\n\u00a0<\/p>\n

\n3rd Qtr<\/p>\n

\n\u00a0<\/p>\n

\n4th Qtr<\/p>\n

\n\u00a0<\/p>\n

\nFull Year<\/p>\n

\n\u00a0<\/p>\n

\n1st Qtr<\/p>\n

\nInterest income<\/p>\n

\n$1,101<\/p>\n

\n\u00a0<\/p>\n

\n$852<\/p>\n

\n\u00a0<\/p>\n

\n\u00a0<\/p>\n

\n$1,007<\/p>\n

\n\u00a0<\/p>\n

\n$1,429<\/p>\n

\n\u00a0<\/p>\n

\n\u00a0<\/p>\n

\n$4,389<\/p>\n

\n\u00a0<\/p>\n

\n$951<\/p>\n

\nForeign currency gains (losses)<\/p>\n

\n130<\/p>\n

\n\u00a0<\/p>\n

\n(65<\/p>\n

\n)<\/p>\n

\n\u00a0<\/p>\n

\n1,597<\/p>\n

\n\u00a0<\/p>\n

\n9<\/p>\n

\n\u00a0<\/p>\n

\n\u00a0<\/p>\n

\n1,671<\/p>\n

\n\u00a0<\/p>\n

\n3,229<\/p>\n

\nOther non-operating income (expense)<\/p>\n

\n106<\/p>\n

\n\u00a0<\/p>\n

\n(72<\/p>\n

\n)<\/p>\n

\n\u00a0<\/p>\n

\n–<\/p>\n

\n\u00a0<\/p>\n

\n(1<\/p>\n

\n)<\/p>\n

\n\u00a0<\/p>\n

\n33<\/p>\n

\n\u00a0<\/p>\n

\n157<\/p>\n

\nTotal other income (loss)<\/p>\n

\n$1,337<\/p>\n

\n\u00a0<\/p>\n

\n$715<\/p>\n

\n\u00a0<\/p>\n

\n\u00a0<\/p>\n

\n$2,604<\/p>\n

\n\u00a0<\/p>\n

\n$1,438<\/p>\n

\n\u00a0<\/p>\n

\n\u00a0<\/p>\n

\n$6,094<\/p>\n

\n\u00a0<\/p>\n

\n$4,337<\/p>\n

\n5. Capital expenditures are as follows (in thousands):<\/p>\n

\n\u00a0<\/p>\n

\n2025<\/p>\n

\n\u00a0<\/p>\n

\n2026<\/p>\n

\n\u00a0<\/p>\n

\n1st Qtr<\/p>\n

\n\u00a0<\/p>\n

\n2nd Qtr<\/p>\n

\n\u00a0<\/p>\n

\n3rd Qtr<\/p>\n

\n\u00a0<\/p>\n

\n4th Qtr<\/p>\n

\n\u00a0<\/p>\n

\nFull Year<\/p>\n

\n\u00a0<\/p>\n

\n1st Qtr<\/p>\n

\nCapital expenditures<\/p>\n

\n$891<\/p>\n

\n\u00a0<\/p>\n

\n$3,980<\/p>\n

\n\u00a0<\/p>\n

\n$5,928<\/p>\n

\n\u00a0<\/p>\n

\n$4,658<\/p>\n

\n\u00a0<\/p>\n

\n$15,457<\/p>\n

\n\u00a0<\/p>\n

\n$4,103<\/p>\n

\n6. Stock Repurchase Activity (in thousands):<\/p>\n

\n\u00a0<\/p>\n

\n2025<\/p>\n

\n\u00a0<\/p>\n

\n2026<\/p>\n

\n\u00a0<\/p>\n

\n1st Qtr<\/p>\n

\n\u00a0<\/p>\n

\n2nd Qtr<\/p>\n

\n\u00a0<\/p>\n

\n3rd Qtr<\/p>\n

\n\u00a0<\/p>\n

\n4th Qtr<\/p>\n

\n\u00a0<\/p>\n

\nFull Year<\/p>\n

\n\u00a0<\/p>\n

\n1st Qtr<\/p>\n

\nShares purchased under publicly-announced buy-back program<\/p>\n

\n539<\/p>\n

\n\u00a0<\/p>\n

\n263<\/p>\n

\n\u00a0<\/p>\n

\n233<\/p>\n

\n\u00a0<\/p>\n

\n416<\/p>\n

\n\u00a0<\/p>\n

\n1,451<\/p>\n

\n\u00a0<\/p>\n

\n1,043<\/p>\n

\nShares withheld for taxes due upon vesting of restricted stock<\/p>\n

\n179<\/p>\n

\n\u00a0<\/p>\n

\n3<\/p>\n

\n\u00a0<\/p>\n

\n8<\/p>\n

\n\u00a0<\/p>\n

\n2<\/p>\n

\n\u00a0<\/p>\n

\n192<\/p>\n

\n\u00a0<\/p>\n

\n198<\/p>\n

\nTotal shares purchased<\/p>\n

\n718<\/p>\n

\n\u00a0<\/p>\n

\n266<\/p>\n

\n\u00a0<\/p>\n

\n241<\/p>\n

\n\u00a0<\/p>\n

\n418<\/p>\n

\n\u00a0<\/p>\n

\n1,643<\/p>\n

\n\u00a0<\/p>\n

\n1,241<\/p>\n

\n\u00a0<\/p>\n

\n\u00a0<\/p>\n

\n\u00a0<\/p>\n

\n\u00a0<\/p>\n

\n\u00a0<\/p>\n

\n\u00a0<\/p>\n

\n\u00a0<\/p>\n

\n\u00a0<\/p>\n

\n\u00a0<\/p>\n

\n\u00a0<\/p>\n

\n\u00a0<\/p>\n

\n\u00a0<\/p>\n

\nTotal cash paid for shares purchased under publicly-announced buy-back program<\/p>\n

\n$100,000<\/p>\n

\n\u00a0<\/p>\n

\n$49,596<\/p>\n

\n\u00a0<\/p>\n

\n$49,947<\/p>\n

\n\u00a0<\/p>\n

\n$74,996<\/p>\n

\n\u00a0<\/p>\n

\n$274,539<\/p>\n

\n\u00a0<\/p>\n

\n$149,983<\/p>\n

\nTotal cash paid for shares withheld for taxes due upon vesting of restricted stock<\/p>\n

\n36,447<\/p>\n

\n\u00a0<\/p>\n

\n595<\/p>\n

\n\u00a0<\/p>\n

\n1,602<\/p>\n

\n\u00a0<\/p>\n

\n398<\/p>\n

\n\u00a0<\/p>\n

\n39,042<\/p>\n

\n\u00a0<\/p>\n

\n29,404<\/p>\n

\nTotal cash paid for excise tax<\/p>\n

\n–<\/p>\n

\n\u00a0<\/p>\n

\n–<\/p>\n

\n\u00a0<\/p>\n

\n–<\/p>\n

\n\u00a0<\/p>\n

\n1,581<\/p>\n

\n\u00a0<\/p>\n

\n1,581<\/p>\n

\n\u00a0<\/p>\n

\n–<\/p>\n

\nTotal cash paid for shares repurchased<\/p>\n

\n$136,447<\/p>\n

\n\u00a0<\/p>\n

\n$50,191<\/p>\n

\n\u00a0<\/p>\n

\n$51,549<\/p>\n

\n\u00a0<\/p>\n

\n$76,975<\/p>\n

\n\u00a0<\/p>\n

\n$315,162<\/p>\n

\n\u00a0<\/p>\n

\n$179,387<\/p>\n

\n7. Remaining Performance Obligations<\/p>\n

\nWe disclose revenue that we expect to recognize from our remaining performance obligations (“RPO”). Over 98% of our RPO represents cloud native subscriptions with non-cancelable terms greater than one year (including cloud-deferred revenue as well as amounts we will invoice and recognize as revenue from our performance of cloud services in future periods). Maintenance contracts are typically one year and not included in the RPO. Our RPO as of the end of each period appears below (in thousands):<\/p>\n

\n\u00a0<\/p>\n

\nMarch 31, 2025<\/p>\n

\n\u00a0<\/p>\n

\nJune 30, 2025<\/p>\n

\n\u00a0<\/p>\n

\nSeptember 30, 2025<\/p>\n

\n\u00a0<\/p>\n

\nDecember 31, 2025<\/p>\n

\n\u00a0<\/p>\n

\nMarch 31, 2026<\/p>\n

\nRemaining Performance Obligations<\/p>\n

\n$1,891,384<\/p>\n

\n\u00a0<\/p>\n

\n$2,013,495<\/p>\n

\n\u00a0<\/p>\n

\n$2,076,628<\/p>\n

\n\u00a0<\/p>\n

\n$2,232,234<\/p>\n

\n\u00a0<\/p>\n

\n$2,347,952<\/p>\n

\n\u00a0<\/p>\n

\"\"<\/p>\n

View source version on businesswire.com: https:\/\/www.businesswire.com\/news\/home\/20260421438075\/en\/<\/a><\/p>\n

\nMichael Bauer
\n
VP, Investor Relations
\n
Manhattan Associates, Inc.
\n
678-597-7538
\n
mbauer@manh.com
\n<\/a><\/p>\n

Devika Goel
\n
Director, Corporate Communications
\n
Manhattan Associates, Inc.
\n
678-597-6754
\n
dgoel@manh.com<\/a><\/p>\n

Source: Manhattan Associates Inc.<\/p>\n


\n
\n
\n
\n <\/p>\n","protected":false},"excerpt":{"rendered":" Key Terms rpo financial Remaining Performance Obligations (RPO)…\n","protected":false},"author":2,"featured_media":205745,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[35],"tags":[81558,81557,9031,75,1972,84,83,9,24,63,79256,9240,63866,9042],"class_list":{"0":"post-205744","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-manhattan","8":"tag-adjusted-eps","9":"tag-cloud-subscription-revenue","10":"tag-manh","11":"tag-manhattan","12":"tag-manhattan-associates","13":"tag-manhattan-headlines","14":"tag-manhattan-news","15":"tag-new-york","16":"tag-new-york-city","17":"tag-nyc","18":"tag-q1-earnings","19":"tag-rpo","20":"tag-share-repurchase","21":"tag-supply-chain-software"},"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/posts\/205744","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=205744"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/posts\/205744\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/media\/205745"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/media?parent=205744"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/categories?post=205744"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/tags?post=205744"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}