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Investing.com -- Manhattan Associates Inc. (NASDAQ:MANH) shares surged 11% after the supply chain and omnichannel commerce solutions provider reported second quarter earnings that significantly exceeded analyst expectations, while also raising its full-year guidance above consensus.
The company reported adjusted earnings per share of $1.31 for the second quarter, handily beating the analyst estimate of $1.13. Revenue came in at $272.4 million, surpassing the consensus estimate of $263.64 million and representing a 2.7% increase from $265.3 million in the same quarter last year. The strong performance was driven by a 22% YoY growth in cloud subscription revenue, which reached $100.4 million.
Manhattan Associates stock jumped 11% following the release, as investors responded enthusiastically to both the earnings beat and raised guidance. The company’s RPO (Remaining Performance Obligation) bookings increased 26% over the prior year and surpassed the $2 billion milestone.
"Manhattan delivered record second quarter results. Solid demand drove Q2 cloud revenue growth of 22% and RPO surpassing the $2 billion milestone," said Manhattan Associates president and CEO Eric Clark.
For the full year 2025, Manhattan Associates raised its guidance, now expecting adjusted EPS between $4.76 and $4.84, above the analyst consensus of $4.60. The company also increased its revenue forecast to between $1.071 billion and $1.075 billion, exceeding the consensus estimate of $1.063 billion.
The strong performance came despite challenges in the broader market. "While the global macro environment remains challenging, we believe our cloud platform leadership advantage positions Manhattan as the clear choice for modern supply chain commerce solutions," Clark added.
During the quarter, Manhattan Associates repurchased 262,341 shares of its common stock for a total investment of $49.6 million. In July, the company’s Board of Directors replenished its share repurchase authority to an aggregate of $100.0 million.
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