Manhattan Associates Inc
NASDAQ:MANH
Manhattan Associates Inc
In the bustling heart of the supply chain universe stands Manhattan Associates Inc., a company that thrives on crafting innovative solutions. Founded in 1990, and headquartered in Atlanta, Georgia, Manhattan Associates blends the art and science of supply chain management, enabling businesses worldwide to optimize their logistics and operations. A key player in the software industry, the company designs advanced solutions that cover a comprehensive suite of services, including warehouse management, transportation management, and order management systems. By leveraging cloud-based technology and machine learning, it equips retailers, wholesalers, and manufacturers with the tools needed to grow their capabilities in an increasingly digital and interconnected marketplace.
The cornerstone of Manhattan Associates' financial success lies in its ability to provide value-driven software-as-a-service (SaaS) offerings, which generate recurring revenue through subscription models. Clients span various sectors, from apparel and consumer electronics to pharmaceuticals and food service, illustrating the company's versatile approach to meeting diverse industry needs. In addition to subscription services, Manhattan Associates complements its revenue stream with an array of professional and technical services, ensuring seamless integration, support, and customization of its solutions to address each client's unique challenges and objectives. This dynamic approach has cemented Manhattan Associates as a leader in supply chain innovation, transforming logistics into a competitive advantage for its global clientele.
In the bustling heart of the supply chain universe stands Manhattan Associates Inc., a company that thrives on crafting innovative solutions. Founded in 1990, and headquartered in Atlanta, Georgia, Manhattan Associates blends the art and science of supply chain management, enabling businesses worldwide to optimize their logistics and operations. A key player in the software industry, the company designs advanced solutions that cover a comprehensive suite of services, including warehouse management, transportation management, and order management systems. By leveraging cloud-based technology and machine learning, it equips retailers, wholesalers, and manufacturers with the tools needed to grow their capabilities in an increasingly digital and interconnected marketplace.
The cornerstone of Manhattan Associates' financial success lies in its ability to provide value-driven software-as-a-service (SaaS) offerings, which generate recurring revenue through subscription models. Clients span various sectors, from apparel and consumer electronics to pharmaceuticals and food service, illustrating the company's versatile approach to meeting diverse industry needs. In addition to subscription services, Manhattan Associates complements its revenue stream with an array of professional and technical services, ensuring seamless integration, support, and customization of its solutions to address each client's unique challenges and objectives. This dynamic approach has cemented Manhattan Associates as a leader in supply chain innovation, transforming logistics into a competitive advantage for its global clientele.
Record Results: Manhattan Associates delivered a record Q4 and full-year 2025, with all-time highs in cloud bookings, revenue, operating profit, cash flow, and EPS.
Cloud Momentum: Q4 cloud revenue rose 20% to $109 million, driving a full-year increase of 21% to $408 million; new cloud bookings grew nearly 20% for the year.
RPO Growth: Remaining performance obligations (RPO) jumped 25% year-over-year to $2.2 billion, with strong net new logo activity and high competitive win rates.
AI Launch: The company launched its Agentic AI offering and Agent Foundry, with early feedback indicating strong customer interest and potential for increased productivity and ROI.
2026 Guidance: Management guided for 2026 revenues of $1.133–$1.153 billion (up 6% all-in), cloud revenue growth of 21% to $492 million, and RPO growth of 18–20%.
Profitability: Full-year operating margin improved over 100 bps to 35.8%; 2026 guidance targets a 34.5%–35% margin.
Services Rebound: Services revenue returned to growth in Q4 and is forecast to grow 3% in 2026, supported by hiring and AI-driven opportunities.
Conservative Outlook: Management emphasized a conservative posture in guidance and expects AI monetization to be incremental to current forecasts.
