Manhattan Associates Q1 Earnings Beat Estimates, Raises Full-Year Revenue Guidance

Manhattan Associates (NASDAQ: MANH) reported strong Q1 CY2024 results, surpassing analysts’ expectations with a 15.2% year-over-year revenue increase to $254.6 million. The company raised its full-year revenue guidance to around $1.03 billion, in line with analysts’ estimates. Non-GAAP earnings per share improved to $1.03, up from $0.80 in the same quarter last year. While the company’s strong financial performance is notable, investors should consider management’s caution regarding macroeconomic volatility in end markets.

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