Manhattan Associates Q2 record revenue $265.3M, GAAP EPS $0.85; raises FY2024 guidance

MANHATTAN ASSOCIATES INC

2024-Q2 EPS reported $1.71 revenue$519,870,000

Q2 revenue $265.3M (+15% YoY); GAAP EPS $0.85 vs $0.63; adj. EPS $1.18 vs $0.88.
Cloud subscription revenue $82.4M (+35% YoY); RPO bookings increased 29% YoY.
FY2024 guidance raised: revenue $1.036-1.044B, GAAP EPS $3.08-3.16, adj. EPS $4.22-4.30.
Board authorized additional $75M share repurchase; Q2 buybacks totaled $75M.
Operating cash flow $73.3M vs $40.6M; DSO improved to 66 days from 74.

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