- Manhattan Associates Inc. (MANH, Financial) reported Q1 2025 revenue of $262.8 million, up from $254.6 million in Q1 2024.
- Adjusted diluted EPS grew to $1.19 from $1.03 in Q1 2024, while GAAP EPS was $0.85 compared to $0.86 a year prior.
- The company repurchased 539,328 shares for $100 million during Q1 2025.
Manhattan Associates Inc. (MANH), a leader in supply chain and omnichannel commerce solutions, announced its financial results for the first quarter of 2025, ending March 31. The company reported consolidated total revenue of $262.8 million, an increase from $254.6 million in the same quarter of the previous year.
Cloud subscription revenue reached $94.3 million in Q1 2025, a significant rise from $78.0 million in Q1 2024, highlighting strong cloud adoption. Additionally, license revenue expanded to $9.3 million compared to $2.8 million in the previous year. However, services revenue experienced a decline, amounting to $121.1 million, down from $132.2 million in Q1 2024.
In terms of earnings, GAAP diluted EPS slightly decreased to $0.85 from $0.86 the previous year. Conversely, non-GAAP adjusted diluted EPS showed improved performance, rising to $1.19 from $1.03 year-over-year, attributed to better-than-expected top and bottom-line results.
GAAP operating income for Q1 2025 increased to $63.2 million from $57.6 million in Q1 2024. Adjusted operating income, a non-GAAP measure, also showed growth, reaching $91.3 million compared to $79.7 million the prior year.
Manhattan Associates executed a share repurchase of 539,328 shares, investing a total of $100 million during the quarter. The company's board has authorized replenishing the remaining share repurchase authority to an aggregate of $100 million.
Looking ahead, Manhattan Associates has provided revenue guidance for the full year 2025, anticipating total revenue between $1,060 and $1,070 million, representing 2-3% growth. The company is positioned for success across a broad set of industries with its unified cloud portfolio.
