Manhattan Associates, Inc. (MANH) Tops Q4 EPS by 13c

Manhattan Associates, Inc. (NASDAQ: MANH) reported Q4 EPS of $0.45, $0.13 better than the analyst estimate of $0.32. Revenue for the quarter came in at $147.1 million versus the consensus estimate of $137.96 million.

“Manhattan Associates ended the year strong posting fourth quarter results that exceeded our expectations,” said Manhattan Associates president and CEO Eddie Capel. “Global demand and bookings momentum for our Cloud solutions is robust, positioning us well for 2021 and beyond.”

“The combination of favorable secular trends and the COVID-19 pandemic has helped emphasize the power of adaptable supply chain and omnichannel commerce solutions.” Mr. Capel continued, “this affirms our industry thought leadership and has accelerated the convergence of our cloud strategy with the needs of the market.”

“We are enthusiastic about the trajectory of our cloud transition and ability to drive customer success. With macro volatility elevated, we remain committed to prudently managing the business and investing in innovation to drive long-term, sustainable growth,” Mr. Capel concluded.

GUIDANCE:

Manhattan Associates, Inc. sees FY2021 EPS of $1.44-$1.59, versus the consensus of $1.47. Manhattan Associates, Inc. sees FY2021 revenue of $595-625 million, versus the consensus of $605.89 million.

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

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