DexCom earnings beat by $0.03, revenue topped estimates
ATLANTA - Manhattan Associates Inc. (NASDAQ:MANH) reported better-than-expected first quarter results, sending its shares up 5.7% in after-hours trading on Tuesday.
The supply chain software provider posted adjusted earnings of $1.19 per share for Q1 2025, surpassing analyst estimates of $1.03. Revenue rose 3.2% YoY to $262.8 million, also beating the consensus forecast of $256.63 million.
"Manhattan is off to a solid start to 2025 and delivered better than expected top and bottom line first quarter results," said Manhattan Associates president and CEO Eric Clark.
Cloud subscription revenue, a key growth driver, jumped 20.9% YoY to $94.3 million. Total (EPA:TTEF) software license revenue more than tripled to $9.3 million from $2.8 million a year ago.
The company’s RPO (remaining performance obligations), an indicator of future revenue, increased to $1.89 billion as of March 31, up from $1.52 billion a year earlier.
For the full year 2025, Manhattan Associates reiterated its revenue guidance of $1.06 billion to $1.07 billion. It expects adjusted earnings per share between $4.54 and $4.64.
"Our addressable market is large and growing, and we are well positioned for success across a broad set of industries," Clark added.
The company repurchased 539,328 shares for $100 million during Q1. Its board approved replenishing the remaining share repurchase authority to $100 million in April.
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