Manhattan Associates, Inc. (MANH) Tops Q3 EPS by 12c; Guides Higher

Manhattan Associates, Inc. (NASDAQ: MANH) reported Q3 EPS of $0.51, $0.12 better than the analyst estimate of $0.39. Revenue for the quarter came in at $149.8 million versus the consensus estimate of $138.87 million.

“This was a strong quarter for Manhattan Associates, despite the continued impact that the COVID-19 pandemic is having globally,” said Manhattan Associates president and CEO Eddie Capel. “Our cloud business continues to trend positively as more and more customers look for modern, agile and scalable supply chain and omnichannel commerce solutions to help them operate in a rapidly evolving world.”

“We are starting to see some positive signs that economic conditions are beginning to stabilize, and interest in our solutions continues to grow.” Mr. Capel continued, “As a result of our strong performance and our view through the end of the year, we are raising our full-year revenue, operating margin and EPS guidance.”

“We remain confident in the long-term outlook for our business and expect to continue to invest into our business to drive further market penetration while expanding our addressable market globally,” Mr. Capel concluded.

GUIDANCE:

Manhattan Associates, Inc. sees FY2020 EPS of $1.62-$1.66, versus the consensus of $1.57. Manhattan Associates, Inc. sees FY2020 revenue of $574-579 million, versus the consensus of $566.4 million.

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

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