Q2 2026 Manhattan Associates Inc Earnings Call Transcript
Key Points
- Manhattan Associates Inc (MANH) reported record Q2 and first half results, with a 26% growth in cloud revenue.
- The company experienced a 23% increase in remaining performance obligations (RPO), reaching $2.5 billion.
- Three consecutive quarters of record bookings indicate strong business momentum and effective go-to-market strategies.
- The introduction of AI capabilities has become a meaningful differentiator, contributing to deal activity and pipeline growth.
- The company has successfully expanded its addressable market with new product packaging, offering three tiers of its solutions to cater to different market segments.
- The global macro environment remains volatile, which could impact future performance.
- Foreign exchange (FX) fluctuations posed a $3 million headwind to sequential RPO growth and a $9 million headwind to year-over-year RPO growth.
- Despite strong bookings, the company is not yet able to provide clear guidance on the revenue impact of its AI offerings due to limited data points.
- The restructuring activities led to an $8 million or $0.11 per share charge, impacting GAAP EPS.
- The company faces challenges in converting its on-premise customer base to cloud solutions, with less than 25% of the base having started the conversion process.
Good afternoon. My name is Cleo, and I will be your conference facilitator today. At this time, I would like to welcome everyone to the Manhattan Associates, Q2 2026 Manhattan Associates earnings conference call. (Operator Instructions) As a reminder, ladies and gentlemen, this call is being recorded today, July 28, 2026. I would like to now introduce you to host Mr. Michael Bauer, Head of Investor Relations of Manhattan Associates. Mr. Bauer, you may begin your conference.
Thank you, Cleo, and good afternoon, everyone. Welcome to Manhattan Associates 2026 second quarter earnings call. I will review our cautionary language and then turn the call over to our President and Chief Executive Officer, Eric Clark.
During the call, including the Q&A session, we may make forward-looking statements regarding future events or our future financial performance. We caution you that these forward-looking statements involve risks and uncertainties, are not guarantees of future
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