Manhattan Associates Second Quarter 2024 Earnings: Beats Expectations

Manhattan Associates (NASDAQ:MANH) Second Quarter 2024 Results

Key Financial Results

• Revenue: US$265.3m (up 15% from 2Q 2023).
• Net income: US$52.8m (up 33% from 2Q 2023).
• Profit margin: 20% (up from 17% in 2Q 2023). The increase in margin was driven by higher revenue.
• EPS: US$0.86 (up from US$0.64 in 2Q 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

Manhattan Associates Revenues and Earnings Beat Expectations

Revenue exceeded analyst estimates by 3.5%. Earnings per share (EPS) also surpassed analyst estimates by 27%.

Looking ahead, revenue is forecast to grow 10% p.a. on average during the next 3 years, compared to a 12% growth forecast for the Software industry in the US.

Performance of the American Software industry.

The company's shares are up 12% from a week ago.

Balance Sheet Analysis

While it's very important to consider the profit and loss statement, you can also learn a lot about a company by looking at its balance sheet. See our latest analysis on Manhattan Associates' balance sheet health.

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