earnings
confidence high
sentiment positive
materiality 0.85
Manhattan Associates Q2 2023 revenue $231M, EPS $0.63; cloud revenue up 44%; raises FY guidance
MANHATTAN ASSOCIATES INC
2023-Q2 EPS reported
$1.25
revenue$452,029,000
- Q2 total revenue $231.0M (+20% YoY); GAAP diluted EPS $0.63 vs $0.49; adjusted EPS $0.88 vs $0.69.
- Cloud subscription revenue $60.9M (+44% YoY); services revenue $124.6M (+23% YoY).
- RPO bookings increased 38% YoY, signaling strong demand.
- Full-year 2023 guidance raised: revenue $886-894M, GAAP EPS $2.18-2.22, adjusted EPS $3.07-3.11.
- Repurchased 381,357 shares for $66.8M in Q2; board replenished buyback authority to $75M.