Manhattan Associates, Inc. (MANH) Tops Q1 EPS by 7c; Raises Outlook

Manhattan Associates, Inc. (NASDAQ: MANH) reported Q1 EPS of $0.41, $0.07 better than the analyst estimate of $0.34. Revenue for the quarter came in at $148.4 million versus the consensus estimate of $137.56 million.

“We’re very pleased with our start to 2019, delivering record Q1 total revenue and solid earnings per share growth on strong software and global services revenue. Market leading investments in our suite of Manhattan Active™ omnichannel, inventory and supply chain solutions are fueling demand and revenue growth,” said Eddie Capel, Manhattan Associates President and CEO. “Omnichannel, inventory management and supply chain evolution in our target markets have created an acute need for Manhattan’s software, enabling our clients to accelerate growth and Push Possible®. We remain committed to investing in innovation and are bullish on our growth opportunity in 2019 and beyond,” added Mr. Capel.

GUIDANCE:

Manhattan Associates, Inc. sees FY2019 EPS of $1.42-$1.46, versus the consensus of $1.40. Manhattan Associates, Inc. sees FY2019 revenue of $582-592 million, versus the consensus of $570.03 million.

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

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