Manhattan Associates Reports Record First Quarter Results

By Duane Reynolds

Manhattan Associates Inc. (NASDAQ: MANH) today reported revenue of $254.6 million for the first quarter ended March 31, 2024. GAAP diluted earnings per share for Q1 2024 was $0.86 compared to $0.62 in Q1 2023. Non-GAAP adjusted diluted earnings per share for Q1 2024 was $1.03 compared to $0.80 in Q1 2023.

“We are very pleased with our solid start to 2024 and better than expected first quarter results. Manhattan’s fundamentals are strong, as demand continues to drive favorable pipeline and revenue momentum,” said Manhattan Associates president and CEO Eddie Capel.

“While macro volatility persists, we are optimistic about our growing market opportunity. Our global teams are executing very well for our customers and are focused on delivering leading innovation across supply chain execution, Omni-channel solutions, and retail point of sale markets,” Mr. Capel concluded.

Several factors contributed to Manhattan Associates’ stellar performance in Q1 2024. The company continued to benefit from increased demand for its innovative supply chain and omnichannel solutions, driven by evolving consumer expectations and the accelerated pace of digital transformation across industries. Additionally, strategic investments in research and development (R&D) have enabled Manhattan Associates to enhance its product portfolio and address emerging market trends, positioning the company for sustained growth in the long term.

Customer Success and Market Expansion

Manhattan Associates’ success in Q1 2024 is further underscored by its ability to deliver value to customers and drive tangible business outcomes. The company’s solutions empower organizations to optimize their supply chains, improve operational efficiency, and enhance the overall customer experience. As a result, Manhattan Associates has strengthened its position as a trusted partner for leading retailers, manufacturers, and distributors worldwide.

Industry Recognition and Future Outlook

Manhattan Associates’ outstanding performance in Q1 2024 has garnered industry recognition and reaffirmed its leadership position in the supply chain and omnichannel commerce space. Looking ahead, the company remains committed to innovation, customer success, and driving value for shareholders. With a strong foundation and a clear strategic vision, Manhattan Associates is well-positioned to capitalize on growth opportunities and navigate challenges in an increasingly dynamic and competitive market environment.