Manhattan Associates Reports 28% Cloud Revenue Growth in Q3 2026
Manhattan Associates (MANH) reported strong third-quarter 2026 results, highlighted by a 28% year-over-year increase in cloud revenue. The company is successfully transitioning customers from legacy on-premises systems to its software subscription model, bolstered by high conversion rates from artificial intelligence pilots to full subscriptions. Management's strategic shift toward tiered platform packaging has expanded the company's reachable market by allowing smaller supply chains to access their technology. Additionally, a robust partner ecosystem is driving significant growth, with year-to-date deals sourced through partners increasing more than fourfold compared to last year.
Tickers: $MANH
Topics: AI subscription conversion cloud revenue growth partner ecosystem software packaging