Manhattan Associates – the Transformation Into Cloud Subscriptions Is Bearing Fruit, and the Raised Forecast Proves Me Right!

For me, the real news is not the strong quarter, but the raised annual forecast: Manhattan Associates now expects revenue growth of 7-8% and an adjusted earnings per share of $5.44-5.50 – above the expected $5.37. This is a statement about the entire remaining year, not just a snapshot. It is supported by hard numbers: Revenue climbs to $297.8 million, and the cloud subscription business jumps from $100.4 million to $126.7 million. Precisely this shift from license sales to recurring subscriptions convinces me , as the order backlog of $2.47...