Manhattan Associates Raises Full-Year Revenue Guidance Following Record Q3 Results
Manhattan Associates (MANH) reported record third-quarter and year-to-date financial results, driven by significant momentum in its cloud business. The company achieved 28% growth in cloud revenue and saw its Remaining Performance Obligations (RPO) increase by 25% to $2.6 billion. Notably, this marks the fourth consecutive quarter of record bookings for the firm. In a strategic shift, management highlighted that cloud revenue has now surpassed services revenue, signaling a successful transition toward a recurring software model. Based on these strong results, Manhattan Associates raised its full-year revenue guidance to a range of $1.176 billion to $1.178 billion and provided an optimistic outlook for 2026, projecting RPO growth of approximately 21%.
Tickers: $MANH
Topics: Cloud Revenue Quarterly Earnings Record Bookings RPO Growth