Manhattan Associates reported an adjusted EPS (Earnings per Share) of $1.03, beating the year-on-year estimate of 80 cents and surpassing the prediction of 87 cents.
Total revenue for the first quarter stood at $254.6 million, representing a 15% increase from the same period a year earlier. This is higher than predictions of $243.3 million.
The company’s Cloud Subscription revenue rose by 36% on a year-on-year basis to $78.0 million, exceeding the anticipated $75.2 million.
However, there is a decline of 47% in Software License revenue year on year, sitting at $2.81 million. Nonetheless, it still surpassed the estimate of $1.5 million.
Services revenue increased by 14% compared to last year reaching $132.2 million, higher than the anticipated $128.1 million.
Investment ratings saw 5 buys, 4 holds and 1 sell directed at Manhattan Associates.
A look at Manhattan Associates Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 2 | |
| Dividend | 1 | |
| Growth | 4 | |
| Resilience | 5 | |
| Momentum | 4 | |
| OVERALL SMART SCORE | 3.2 |
Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma
Manhattan Associates, Inc. focuses on enhancing the operations of distribution centers with its IT solutions. The company optimizes inventory management and streamlines the movement of goods in the supply chain. According to Smartkarma Smart Scores, the company shows strengths in growth and resilience, scoring high in both areas. This indicates a positive long-term outlook for Manhattan Associates, as it demonstrates robust potential for expansion and is well-equipped to withstand challenges, making it a reliable choice for investors seeking steady performance.
With a notable emphasis on growth and resilience, Manhattan Associates emerges as a strong contender in the market. The company’s solutions are designed to support the efficient flow of goods within distribution centers, reflecting its commitment to innovation and adaptability. The high scores in growth and resilience signal confidence in Manhattan Associates‘ capacity to evolve and endure in dynamic market conditions, suggesting promising prospects for long-term investment in the company.
Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
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