Manhattan Associates, Inc. (MANH) Delivers Robust Cloud Subscription Revenue Growth

Manhattan Associates, Inc. (NASDAQ:MANH) is one of the best debt-free mid-cap stocks to buy according to hedge funds. On January 27, Manhattan Associates, Inc. (NASDAQ:MANH) chief executive officer reiterated that business momentum continues to strengthen. The remarks came as the company delivered a record fourth quarter of cloud bookings and continued to gain market share.

Consolidated revenue in the quarter soared to $270.4 million compared to $255.8 million delivered in the same quarter a year ago. The increase was driven by cloud subscription revenue increasing to $108.6 million from 90.3 million. On the other hand, license revenue fell to $2.6 million from $5.5 million delivered in the same quarter last year, as services revenue came in at $120 million. On the other hand, the company posted adjusted diluted earnings per share of $1.21, compared with $1.17 per share last year.

Full-year revenue increased to $1.08 billion, up from $1.04 billion in 2024, while cloud revenue increased to $408.1 million, up from $337.2 million. Meanwhile, full-year adjusted diluted earnings per share totaled $5.06, compared with $4.72 in 2024.

Consequently, on January 28, Truist Securities initiated coverage of the stock with a Buy rating and a $240 price target, impressed by the company’s fourth-quarter and full-year 2025 results. The research firm remains confident in the company’s ability to achieve sustained strong 20% cloud subscription revenue visibility.

Manhattan Associates, Inc. (NASDAQ:MANH) is a global technology leader that provides software solutions to manage and optimize supply chains, inventory, and omnichannel commerce. The company focuses on connecting front-end sales (customer engagement) with back-end execution (warehousing and logistics) on a single cloud-native platform.

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