Manhattan Associates, Inc. (MANH) Tops Q1 EPS by 11c; Raises Outlook

Manhattan Associates, Inc. (NASDAQ: MANH) reported Q1 EPS of $0.43, $0.11 better than the analyst estimate of $0.32. Revenue for the quarter came in at $156.9 million versus the consensus estimate of $143.87 million.

“We’re very pleased with our strong start to 2021, delivering the best Q1 revenue and earnings per share performance on record, exceeding our expectations,” said Manhattan Associates President and CEO Eddie Capel. “Accelerating demand for our solutions drove record first quarter bookings with RPO more than doubling over last year to $421 million. Deal activity was solid across our solutions, with demand notably impressive for Manhattan Active® Warehouse Management, which in turn is fueling strong services demand and increased visibility to future revenue growth.” Mr. Capel continued, “Reflective of our great start to the year, we are raising our full-year revenue and EPS guidance.”

“In a turbulent global macro, favorable secular tailwinds are strengthening and continue to showcase the strategic importance of our suite of Manhattan Active omnichannel, inventory and supply chain solutions. We remain focused on enabling our clients to accelerate growth and Push Possible®, while investing significantly in innovation to achieve long-term sustainable growth in 2021 and beyond,” Mr. Capel concluded.

GUIDANCE:

Manhattan Associates, Inc. sees FY2021 EPS of $1.60-$1.70, versus the consensus of $1.53. Manhattan Associates, Inc. sees FY2021 revenue of $625-640 million, versus the consensus of $612.82 million.

For earnings history and earnings-related data on Manhattan Associates, Inc. (MANH) click here.

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