Manhattan Associates, Inc. (NASDAQ: MANH) reported Q1 EPS of $0.37, $0.06 better than the analyst estimate of $0.31. Revenue for the quarter came in at $130.57 million versus the consensus estimate of $130.24 million.

FIRST QUARTER 2018 FINANCIAL SUMMARY:

• Certain line items in prior period financial statements have been reclassified to conform to the current period presentation in the consolidated statements of income due to the business transition to cloud subscriptions.
• GAAP diluted earnings per share was $0.33 in Q1 2018 compared to $0.40 in Q1 2017.
• Adjusted diluted earnings per share, a non-GAAP measure, was $0.37 in Q1 2018, compared to $0.42 in Q1 2017.
• Consolidated total revenue was $130.6 million in Q1 2018, compared to $143.5 million in Q1 2017. License revenue was $7.6 million in Q1 2018, compared to $21.3 million in Q1 2017. Cloud subscriptions revenue was $4.5 million in Q1 2018 compared to $1.5 million in Q1 2017.
• GAAP operating income was $27.8 million in Q1 2018, compared to $41.7 million in Q1 2017.
• Adjusted operating income, a non-GAAP measure, was $32.3 million in Q1 2018, compared to $46.3 million in Q1 2017.
• Cash flow from operations was $51.3 million in Q1 2018, compared to $61.3 million in Q1 2017. Days Sales Outstanding was 59 days at both March 31, 2018, and December 31, 2017.
• Cash and investments totaled $119.0 million at March 31, 2018, compared to $125.5 million at December 31, 2017.
• During the three months ended March 31, 2018, the Company repurchased 1,157,696 shares of Manhattan Associates common stock under the share repurchase program authorized by the Board of Directors for a total investment of $50.0 million. In April 2018, the Board of Directors authorized the Company to repurchase up to an aggregate of $50 million of the Company’s common stock.

GUIDANCE:

Manhattan Associates, Inc. sees FY2018 EPS of $1.48-$1.52, versus the consensus of $1.50.

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