Should MANH Q2 Growth and Buybacks Require Action From Manhattan Associates (MANH) Investors?

• On July 22, 2025, Manhattan Associates reported its second-quarter earnings, revealing year-over-year growth with revenue of US$272.42 million and net income of US$56.78 million.
• During the same quarter, the company repurchased 262,341 shares for US$49.6 million, bringing its total buybacks to over 12.69 million shares since 2017.
• We'll examine how solid year-over-year revenue and earnings growth impact Manhattan Associates' investment narrative and future outlook.

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Manhattan Associates Investment Narrative Recap

To be a Manhattan Associates shareholder, you need to believe that sustained demand for supply chain and omni-channel retail solutions will drive steady long-term growth, even as economic uncertainty and customer conservatism in spending remain potential headwinds. The recent earnings beat, with solid year-over-year revenue and net income growth in Q2 2025, helps support this narrative, but does not fundamentally alter the biggest short-term catalyst, new product adoption, or the primary risk of delayed customer deployments and macro volatility.

Among recent corporate developments, the launch of Enterprise Promise & Fulfill™ stands out. This new solution is designed to address the evolving needs of enterprise resource planning for order management. Its rollout is closely tied to the key catalyst of increasing sales by capturing new market opportunities and improving customer experiences, which remains critical for near-term growth hopes.

Conversely, investors should keep a close eye on how longer customer ramp timelines could delay revenue from new bookings...

Read the full narrative on Manhattan Associates (it's free!)

Manhattan Associates is projected to reach $1.3 billion in revenue and $275.2 million in earnings by 2028. This outlook assumes annual revenue growth of 6.7% and an earnings increase of $58.1 million from the current $217.1 million.

Uncover how Manhattan Associates' forecasts yield a $202.01 fair value, in line with its current price.

Exploring Other Perspectives

Seven fair value opinions from the Simply Wall St Community range from US$578 to US$5,782 per share. With product innovation as a major catalyst, consider why expectations for growth or volatility can differ so much.

Explore 7 other fair value estimates on Manhattan Associates - why the stock might be a potential multi-bagger!

Build Your Own Manhattan Associates Narrative

Disagree with existing narratives? Create your own in under 3 minutes - extraordinary investment returns rarely come from following the herd.

• A great starting point for your Manhattan Associates research is our analysis highlighting 3 key rewards that could impact your investment decision.
• Our free Manhattan Associates research report provides a comprehensive fundamental analysis summarized in a single visual - the Snowflake - making it easy to evaluate Manhattan Associates' overall financial health at a glance.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.

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