Manhattan Associates, Inc. (MANH) Tops Q2 EPS by 6c; Lifts Outlook

Manhattan Associates, Inc. (NASDAQ: MANH) reported Q2 EPS of $0.47, $0.06 better than the analyst estimate of $0.41. Revenue for the quarter came in at $141.9 million versus the consensus estimate of $140.42 million.

“Q2 was another good quarter for our company with the underlying business fundamentals strengthening,” said Manhattan Associates president and CEO Eddie Capel. “Q2 total revenue and earnings per share performance improved over Q1 and were slightly ahead of our expectations. Based on our outlook for the remainder of the year, we are raising our 2018 full-year guidance for total revenue and earnings.”

“While cautious regarding global geopolitical and economic volatility, we continue to be very bullish on the market opportunity ahead and are investing significant capital into transformative industry leading innovation. Our transition to Cloud continues as planned, and at our Momentum customer conference in May, we unveiled exciting product advancements, enabling our clients to Push Possible™ with their commerce supply chains,” added Mr. Capel.

GUIDANCE:

Manhattan Associates, Inc. sees FY2018 EPS of $1.57-$1.61, versus the consensus of $1.51. Manhattan Associates, Inc. sees FY2018 revenue of $548-560 million, versus the consensus of $550.7 million.

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

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