Revenue OutlookThe company lowered its outlook for 2025 by approximately $70 million, attributable to a combination of both incremental FX headwinds and continued budgetary scrutiny.
Service RevenueMANH saw ~10% of their in-flight implementations shrink project scope for CY25, impacting Pro Services and driving a cut to the CY25 rev guide by $50M cc.
Stock PerformanceShares have continued to sell off since the initial 25% draw-down post-earnings, further exacerbated by the recent CEO transition announcement, and are now down nearly 40%.