Q1 2026 Manhattan Associates Inc Earnings Call Transcript
Key Points
- Manhattan Associates Inc (MANH) reported a strong start to 2026 with record better-than-expected results, driven by a 24% growth in cloud revenue.
- The company experienced significant new customer bookings, with over 55% of new cloud bookings generated from net new logos.
- Manhattan Associates Inc (MANH) saw notable deal volume improvements across all deal types and regions, with a win rate consistently above 70%.
- The Active Agent pilot program is off to a better-than-expected start, with impressive deployment results and strong customer interest.
- The company raised its full-year 2026 outlook for total revenue, operating margin, and EPS, reflecting confidence in continued growth and execution.
- The turbulent global macro environment poses risks and uncertainties that could impact Manhattan Associates Inc (MANH)'s performance.
- FX volatility continues to impact financial results, with a $5 million headwind to sequential RPO growth in Q1.
- Despite strong performance, the company remains cautious about the macro environment and maintains a conservative outlook for Q2 to Q4.
- The transition to cloud continues to compress license and maintenance revenue, impacting overall revenue growth.
- The company faces challenges in converting its large on-prem customer base to the cloud, with only 23% having converted or started the conversion.
Good afternoon. My name is Joe and I will be your conference facilitator today. At this time, I would like to welcome everyone to the Manhattan Associates first-quarter 2026 earnings conference call.
(Operator Instructions) And as a reminder, ladies and gentlemen, this call is being recorded today, April 21, 2026.
I would now like to introduce you to your host, Mr. Michael Bauer, Head of Investor Relations of Manhattan Associates. Mr. Bauer, please go ahead.
Great, thanks, Joe, and good afternoon, everyone. Welcome to Manhattan Associates' 2026 first-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 this call, including 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
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