Manhattan Associates, a leading supply chain software provider, signaled that its fortunes may have reversed in disclosing a strong first quarter financial performance.<\/p>\n
The company\u2019s revenue for the first quarter was $282.2 million, up from $262.8 million in the first quarter of 2025. Bottom line earnings were improved slightly, coming in at $1.24 per share on a non-GAAP basis, compared to $1.19 a year ago.<\/p>\n
Manhattan\u2019s stock price climbed Wednesday on the earnings report, rising 5.92%, or $7.99, to $142.88. The earnings were released Tuesday.<\/p>\n
What appeared to give the company\u2019s stock price a boost was Manhattan\u2019s projections for its 2026 performance, which were higher than the forecast it released when its fourth quarter earnings were published at the end of January.<\/p>\n
Manhattan\u2019s latest forecast calls for an adjusted full-year EPS of $5.29 to $5.37 per share. The prior forecast was for a range of $5.04 to $5.20. Full-year 2025 non-GAAP earnings per share was $5.06.<\/p>\n
Its revenue forecast rose to a range of $1.147 billion to $1.157 billion, up from $1.133 billion to $1.153 billion. For full year 2025, revenue was $1.081 billion.<\/p>\n
Still down from 52-week and all-time peaks<\/p>\n
Even after the increase in its stock price Wednesday, Manhattan Associates (NASDAQ: MANH) <\/a>was down 11.8% for the 12 months and a little less than 16% for the most recent three months. Its recent stock price is well under the 52-week high recorded July 23 of $247.22 and far less than the few days in early December 2024 when it crossed the $300 mark.<\/p>\n In its earnings call, President and CEO Erick Clark said the company is \u201coff to a strong start to 2026.\u201d<\/p>\n Manhattan\u2019s revenue for its cloud-based product was up 24.2% year-on-year. The company\u2019s remaining performance obligations (RPO), which represents revenue that has been contracted for but not yet booked, was up 24% year on year in the quarter to $2.35 billion.<\/p>\n Shifting to the cloud<\/p>\n Clark said new customer bookings were also solid, with 55% of new revenue for its cloud-based service coming from new logos, companies that had not been a Manhattan customer previously.<\/p>\n \u201cThroughout 2025, we spoke about the strategic investments that we\u2019re making to improve our go-to-market effectiveness and accelerate our selling velocity,\u201d Clark said. \u201cAnd while results from these initiatives will certainly not be linear, these investments have started to pay off in the first quarter.\u201d<\/p>\n Clark ticked off other accomplishments, saying Manhattan had \u201cnotable deal volume improvements across all deal types\u201d and \u201cstrong bookings from all regions.\u201d<\/p>\n \u201cOur win rate metric continues to be consistently above 70%, and our renewal performance was solid and supportive of the plan that we highlighted last quarter,\u201d Clark said.<\/p>\n Clark, during the question and answer session with analysts, said Manhattan has been \u201creally strong in the past five quarters of bringing in new logos. And we continue to see a great pipeline, and we continue to have great win rates against our competitors.\u201d<\/p>\n Although the growth in cloud services was strong, Clark said the company \u201cstill has a large installed base (not running in the cloud) and a large opportunity to go do additional conversions\u201d to a customer now using installed software and shifting them to the cloud.<\/p>\n Clark also boasted that \u201csome of our competitors in the industry\u2026haven\u2019t made the investments in cloud and haven\u2019t made the investments in a unified platform. We continue to have just kind of off-the-chart win rates when we compete for their incumbents, and we\u2019re taking a lot of business from our competitors.\u201d<\/p>\n Agentic AI <\/p>\n Part of Manhattan\u2019s customer base is working on pilot programs driven by agentic AI. Clark spoke at length about the functions the agents can perform and that there have been customers who quickly went from pilot to subscribing to these agents.<\/p>\n \u201cThere have been customers that have justified the entire ROI just by reduction in overtime,\u201d Clark said. \u201cSo when they look at all the different ways they can get value out of these AI agents, we aren\u2019t seeing customers have a problem justifying the ROI of what they\u2019re getting.\u201d<\/p>\n The expectations for the financial effect of agentic AI on Manhattan\u2019s finances in 2026 is conservative, Clark said, but that he expected a \u201cmeaningful\u201d impact in 2027.<\/p>\n More articles by John Kingston<\/a><\/p>\n Teamsters fighting deal between Amazon and NLRB on joint employer status<\/a><\/p>\n After CBS report, C.H. Robinson seeks to deflect safety responsibility to FMCSA<\/a><\/p>\n Triumph Financial sets new metrics, has strong quarter in factoring<\/a><\/p>\n The post Improved forecast for Manhattan Associates in 2026 helps lift battered stock price<\/a> appeared first on FreightWaves<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"Manhattan Associates, a leading supply chain software provider, signaled that its fortunes may have reversed in disclosing a…\n","protected":false},"author":2,"featured_media":206863,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[35],"tags":[9246,9245,82029,45467,75,84,83,9,24,63,27339],"class_list":{"0":"post-206862","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-manhattan","8":"tag-earnings-per-share","9":"tag-eric-clark","10":"tag-erick-clark","11":"tag-financial-performance","12":"tag-manhattan","13":"tag-manhattan-headlines","14":"tag-manhattan-news","15":"tag-new-york","16":"tag-new-york-city","17":"tag-nyc","18":"tag-stock-price"},"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/posts\/206862","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=206862"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/posts\/206862\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/media\/206863"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/media?parent=206862"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/categories?post=206862"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/tags?post=206862"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}