Manhattan Associates (MANH) Delivers Record Q2 on Robust Cloud Growth

Manhattan Associates, Inc. (NASDAQ:MANH) is one of the top tech stocks with a strong return on equity. On July 22, the company delivered record second-quarter results, characterized by 22% cloud revenue growth, as the Remaining Performance Obligation (RPO) surpassed the $2 billion mark.

The robust cloud revenue growth came on the company carving out a niche as a preferred choice for modern supply chain commerce solutions. Manhattan Associates delivered non-GAAP diluted earnings per share of $1.31 compared to $1.18 in the second quarter of 2024.

Consolidated revenue rose to $272.4 million compared to $265.3 million delivered in the same quarter. Cloud subscription revenue in the quarter was $100.4 million to $82.4 million last year.

Manhattan Associates has raised its full-year guidance and now expects adjusted EPS to be between $4.76 and $4.84, above the analyst consensus of $4.60. It also expects revenue of between $1.071 billion and $1.075 billion, which is better than the $1.063 billion that analysts expect.

Manhattan Associates, Inc. (NASDAQ:MANH) is a technology company that develops, sells, deploys, services, and maintains software solutions to manage supply chains, inventory, and omni-channel operations. It offers a warehouse management solution for managing goods and information across the distribution centers.

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Disclosure: None. This article is originally published at Insider Monkey.