📊 Manhattan Associates is showing remarkable performance despite global economic instability. In Q3 2024, the company reported record revenue growth of 12%, reaching $266.7 million. The standout is their 33% year-over-year increase in cloud subscription revenue, underscoring not only the strength of MANH’s tech but also the growing demand for its supply chain and omnichannel commerce solutions.
🚀 Earnings per share surged by 29% to $1.35, proving Manhattan’s resilience in a volatile market where companies are tightening spending. Operating margin also rose, hitting 37.1%. This success is anchored in MANH’s cloud-native platform, Manhattan Active, which delivers continuous innovation and empowers clients’ digital transformations.
💡 A key driver behind MANH’s success is its dedication to R&D, paving the way for cutting-edge solutions. Recently, MANH introduced the Manhattan Active Supply Chain Planning, a revolutionary cloud-based planning tool. This solution allows clients to manage everything in real-time, from demand forecasting to inventory allocation, significantly boosting business efficiency and profitability.
📈 With tightening competition and increasing global supply chain complexities, MANH’s offerings are winning over major market players. The company continues to expand its client base: in Q3 2024, 14% of new bookings came from entirely new logos. MANH is on track to hit the high end of its $1.8 billion RPO guidance for 2024, a strong indicator of sustained demand for its innovative solutions.
💼 In today’s challenging landscape, MANH’s strategic moves—driving efficiency, maintaining high customer satisfaction, and investing in future-ready solutions—are not just positioning it for growth but setting a new standard in the industry.
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IMPORTANT: This article is of general nature only and readers should obtain advice specific to their circumstances from professional advisers.