Manhattan Associates Shares Surge on Robust Cloud Subscription Growth

Manhattan Associates (MANH) shares rose nearly 6% on Wednesday after the supply chain management software provider reported first-quarter results that exceeded analyst expectations on both the top and bottom lines. The growth was primarily fueled by a significant shift toward cloud-based services, reflecting a broader industry trend where businesses are upgrading their logistics and commerce infrastructure to handle increasing global complexity. The company reported quarterly revenue of just over $282 million, a 7% increase year-over-year, surpassing the consensus estimate of approximately $274 million. A key driver was cloud subscription revenue, which surged 24% to reach $117 million. Non-GAAP net income rose nearly 2% to just under $74.3 million, resulting in earnings per share of $1.24, beating the $1.11 forecast. Looking ahead, Manhattan Associates issued 2026 full-year revenue guidance between $1.15 billion and $1.16 billion, representing at least a 6% increase over 2025. Adjusted net income per share is projected to be between $5.29 and $5.37. CEO Eric Clark attributed the performance to a strong product pipeline and consistent innovation in the supply chain commerce sector, expressing optimism regarding the company's long-term growth opportunities.