Q2 2025 Manhattan Associates Inc Earnings Call Transcript
Key Points
- Manhattan Associates Inc (MANH) reported a record second quarter with 22% cloud revenue growth, surpassing expectations.
- The company achieved a 26% year-over-year increase in Remaining Performance Obligations (RPO), surpassing the $2 billion milestone.
- Manhattan's win rates against top competitors remained strong at over 70%, with more than 70% of new cloud bookings coming from net new logos.
- The company is strategically increasing investment in sales and marketing, including promoting Bob Howell to Chief Sales Officer and expanding partnerships with Google and Shopify.
- Manhattan's AI initiatives, including Manhattan Assist and the forthcoming agent platform, are enhancing customer experience and operational efficiency.
- The global macro environment remains volatile, impacting services revenue growth and causing cautious outlooks.
- Services revenue declined by 6% year-over-year due to customer budgetary constraints and shifting services work to future periods.
- FX volatility continues to impact financial performance, although it provided a slight tailwind in Q2.
- The company remains cautious about services revenue growth due to the inherent flexibility of time and materials contracts.
- Despite strong performance, the company acknowledges that the timing of large deals and bookings mix may vary, causing potential non-linear bookings throughout the year.
Good afternoon. My name is Julian, and I'll be your conference facilitator today. At this time, I would like to welcome everyone to Manhattan Associates Q2 2025 earnings conference call. (Operator Instructions) I would now like to introduce you, or now like to introduce you to our host, Mr. Michael Bauer, Head of Investor Relations of Manhattan Associates. Mr. Bauer, you may begin your conference.
Thank you, Julian, and good afternoon everyone. Welcome to Manhattan Associates 2025 second quarter earnings call. I will review our cautionary language and then turn the call over to our Executive Chairman, Eddie Capel for some brief opening commentary before he hands it off to our President and Chief Executive Officer, Eric Clark.
During this call in the Q&A session, we may make forward-looking statements regarding future events or Manhattan Associates' future financial performance. We caution you that these forward-looking statements involve risk and uncertainties are not
| Access to All Earning Calls and Stock Analysis | |
| 30-Year Financial on one screen | |
| All-in-one Stock Screener with unlimited filters | |
| Customizable Stock Dashboard | |
| Real Time Insider Trading Transactions | |
| 8,000+ Institutional investors’ 13F holdings | |
| Powerful Excel Add-in and Google sheets Add-on | |
| All data downloadable | |
| Quick customer support | |
| And much more... |
Trustpilot
We'd love to learn more about your experiences on GuruFocus.com and how we can improve!
Take Survey
