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 to 8% and an adjusted earnings per share of $5.44 to $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...