Manhattan Associates Reports Strong Q1 Earnings, Driving Stock Higher
Manhattan Associates (MANH) reported strong first-quarter results, with revenue rising 7% year-over-year to $282 million, driven by a 24% increase in cloud subscription revenue. The stock surged nearly 6% following the earnings release, outperforming analyst expectations. Management expressed confidence in continued growth for the coming quarters.
Tickers: $MANH
Topics: Earnings Revenue Growth Stock Performance Subscription Revenue