Supply chain software provider Manhattan Associates soars after strong revenue growth
Summary
Manhattan Associates reported second-quarter earnings that reassured investors and pushed its stock higher. The company posted record Q2 revenue of $272.4 million, up from $265.3 million a year earlier. Cloud subscription revenue rose 22% to $100.4 million, showing stronger demand for its software offerings. Remaining performance obligation increased 26% to just over $2 billion, suggesting more contracted future revenue. The article also notes that the CEO is transitioning to board chairman while analysts kept buy ratings on the stock.
Classifications
industries
Fintech & Banking
applications
Engineering & Scientific
AskAI Classifications
Labels
Supply Chain Software
Warehouse Management Software
Transportation Management Software
Linked Companies
Manhattan Associates
$1B+
Benzinga
$10M to $25M