The earnings call highlighted strong financial performance in Q2 with record results and significant growth in cloud revenue and RPO. There were successful new customer acquisitions and investments in sales and marketing, as well as advancements in AI capabilities. However, there were declines in services revenue and caution due to macroeconomic uncertainties, along with FX volatility impacts.

Company Guidance

During the Manhattan Associates Q2 2025 earnings call, the company provided optimistic guidance for the remainder of the year, highlighting several key metrics. The company's cloud revenue grew by 22%, driving top-line outperformance, while RPO increased by 26% year-over-year, surpassing the $2 billion milestone. Moreover, win rates against the top five competitors remained above 70%, with over 70% of new cloud bookings from net new logos. The company also noted a 3% increase in total revenue to $272 million, with an adjusted operating margin of 37.1%, up 210 basis points from the previous year. The guidance reflected an increase in the full-year total revenue projection to a midpoint of $1.073 billion and an adjusted earnings per share forecast increased to $4.80, up from the prior midpoint of $4.59. Operating cash flow for the quarter was solid at $74 million, with a 26% free cash flow margin.

Record Second Quarter Results

Q2 results were better-than-expected with 22% cloud revenue growth driving top-line outperformance and earnings leverage.

RPO Growth

RPO increased 26% year-over-year and surpassed the $2 billion milestone by the end of the quarter.

New Customer Acquisitions

More than 70% of new cloud bookings were generated from net new logos, with new logos representing approximately 35% of the current pipeline.

Investment in Sales and Marketing

Promoted Bob Howell to Chief Sales Officer and hired new sales leaders, expanding go-to-market partnerships with Google and Shopify.

Agentic AI Advancements

Announced new capabilities with AI, including purpose-built agents for platform applications and the Manhattan Active Agent Foundry for custom agent creation.

Operating Margin and EPS Growth

Adjusted operating margin was 37.1%, up 210 basis points year-over-year, with adjusted EPS of $1.31, up 11%.

Manhattan Associates (MANH) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

Daily Earnings Calendar >

MANH Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Oct 28, 2025	2025 (Q3)	1.18 / -	1.35	―	―	―
Jul 22, 2025	2025 (Q2)	1.13 / 1.31	1.18	11.02% (+0.13)	―
Apr 22, 2025	2025 (Q1)	1.03 / 1.19	1.03	15.53% (+0.16)	―
Jan 28, 2025	2024 (Q4)	1.06 / 1.17	1.03	13.59% (+0.14)	―
Oct 22, 2024	2024 (Q3)	1.06 / 1.35	1.05	28.57% (+0.30)	―
Jul 23, 2024	2024 (Q2)	0.96 / 1.18	0.88	34.09% (+0.30)	―
Apr 23, 2024	2024 (Q1)	0.87 / 1.03	0.8	28.75% (+0.23)	―
Jan 30, 2024	2023 (Q4)	0.80 / 1.03	0.81	27.16% (+0.22)	―
Oct 24, 2023	2023 (Q3)	0.76 / 1.05	0.66	59.09% (+0.39)	―
Jul 25, 2023	2023 (Q2)	0.72 / 0.88	0.69	27.54% (+0.19)	―

The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.

Beat

Missed

MANH Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
Jul 22, 2025	$202.79	$217.71	+7.36%
Apr 22, 2025	$162.25	$171.95	+5.98%
Jan 28, 2025	$295.10	$222.84	-24.49%
Oct 22, 2024	$292.32	$271.36	-7.17%

Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.

FAQ

When does Manhattan Associates (MANH) report earnings?

Manhattan Associates (MANH) is schdueled to report earning on Oct 28, 2025, After Close (Confirmed).

What is Manhattan Associates (MANH) earnings time?

Manhattan Associates (MANH) earnings time is at Oct 28, 2025, After Close (Confirmed).

Where can I see when companies are reporting earnings?

You can see which companies are reporting today on our designated earnings calendar.

What companies are reporting earnings today?

You can see a list of the companies which are reporting today on TipRanks earnings calendar.

What is MANH EPS forecast?

MANH EPS forecast for the fiscal quarter 2025 (Q3) is 1.18.

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