Financial PerformanceStrong profit conversion with EBIT margin at 37% compared to 30% year-over-year.
Management And StrategyManagement has a long history of beating expectations, and the FY25 setup appears overly conservative, leaving room for upward revisions.
Market GrowthThe supply chain space is seeing multiple secular tailwinds accelerating market growth, and Manhattan's expertise in the most complex environments is differentiating.