NASDAQ$MANH

Manhattan Associates Inc · Q2 2022 earnings

Q2 2022 earnings · · Investor relations

Briefing

Manhattan Associates reported record quarterly revenue and earnings, with RPO bookings increasing significantly and full-year guidance raised.

Manhattan Associates reported a strong second quarter with record revenue of $191.9 million, driven by cloud revenue growth of 48% and service revenue growth of 19%. The company's business momentum is strong, and demand for cloud-native solutions remains robust. As a result, Manhattan Associates raised its 2022 full-year revenue and EPS guidance.

  • Consolidated total revenue was $191.9 million for Q2 2022, compared to $166.1 million for Q2 2021.
  • GAAP diluted earnings per share was $0.49 for Q2 2022, compared to $0.48 for Q2 2021.
  • Adjusted diluted earnings per share was $0.69 for Q2 2022, compared to $0.61 for Q2 2021.
  • GAAP operating income was $37.3 million for Q2 2022, compared to $39.4 million for Q2 2021.

Headline financials

Total Revenue

$192M

Previous: $166M+15.5%
EPS (adj)

$0.69

Previous: $0.61+13.1%
Capital Expenditures

-$2.24M

Previous: -$1.17M-91.5%
Free Cash Flow

$28.6M

Previous: $29.4M-2.9%
Net Income

$30.8M

Previous: $30.6M+0.8%
Operating Income

$37.3M

Previous: $39.4M-5.3%
Gross Profit

$103M

Previous: $95.5M+8.2%
Cash & Equivalents

$214M

Previous: $209M+2.1%
Total Assets

$514M

Previous: $475M+8.3%
Stock-Based Comp

$15.5M

Previous: $10.7M+45.1%

Revenue & EPS history

Manhattan Associates · Revenue · Quarterly

$192M

Q2 2022+15.5%vs Q2 2021
Beat estimate in 16 of 16 quarters(100%)
ActualEstimate

Revenue by segment

Manhattan Associates · $192M total across 5 segments · Q2 2022

  • Services
    $101M+19.2%
  • Cloud subscriptions
    $42.2M+47.6%
  • Maintenance
    $36M-4.6%
  • Hardware
    $7.66M+22.4%
  • Software license
    $5.13M-41.9%

Forward guidance

Manhattan Associates provides revenue guidance for the full year 2022: Total revenue between $733 million and $741 million, GAAP EPS between $1.63 and $1.67 and Adjusted EPS between $2.35 and $2.39.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q2 2022

Historical avgQ2 2022

+0.7%

Avg return

Earnings day

-0.6%

Avg return

5 days after

+0.7%

Avg return

30 days after

50%

33 / 66 earnings

Positive

+19.5%

Q2 2019

Best reaction

-24.5%

Q4 2024

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026+6.0%+2.2%+2.6%
Q4 2025-5.1%-11.2%-20.2%
Q3 2025-5.0%-8.0%-16.7%
Q2 2025-0.2%-1.5%+0.4%
Q1 2025+6.0%+7.5%+14.2%
Q4 2024-24.5%-32.1%-40.1%
Q3 2024-8.2%-6.7%-8.0%
Q2 2024+11.0%+14.8%+15.3%
Q1 2024-9.6%-8.5%-1.3%
Q4 2023+7.4%+10.9%+12.1%
Q3 2023+4.7%+2.2%+20.4%
Q2 2023-1.9%-3.0%-1.2%
Q1 2023+6.4%+6.4%+12.9%
Q4 2022+9.8%+7.0%+7.9%
Q3 2022-7.9%-6.4%-3.7%
Q2 2022+15.5%+18.2%+24.7%
Q1 2022-3.9%-3.1%-11.6%
Q4 2021-4.7%-3.5%-0.2%
Q3 2021+5.6%+6.7%-5.3%
Q2 2021+6.1%+8.4%+10.6%
Q1 2021+12.3%+7.0%+5.8%
Q4 2020+3.5%+13.1%-0.9%
Q3 2020-1.2%-7.4%-2.8%
Q2 2020-1.0%-1.3%-2.4%
Q1 2020+4.8%+5.0%+38.7%
Q4 2019-10.4%-12.1%-22.6%
Q3 2019-2.3%+0.4%+3.3%
Q2 2019+19.5%+23.2%+19.0%
Q1 2019+11.3%+12.2%+9.2%
Q4 2018-4.9%+0.1%+4.5%
Q3 2018-7.3%-5.6%-1.3%
Q2 2018-4.3%-2.8%+11.5%
Q1 2018+1.0%+4.4%+3.4%
Q4 2017-16.4%-17.6%-10.3%
Q3 2017-6.9%-9.7%-10.3%
Q2 2017-8.1%-4.6%-11.6%
Q1 2017-9.5%-8.0%-6.1%
Q4 2016-6.9%-4.4%-0.7%
Q3 2016-8.7%-10.1%-6.9%
Q2 2016-4.0%-6.1%-5.8%
Q1 2016+15.0%
Q4 2015-2.0%
Q3 2015+2.7%
Q2 2015+9.1%
Q1 2015-3.1%
Q4 2014+12.1%
Q3 2014+4.7%
Q2 2014-0.7%
Q1 2014+1.5%
Q4 2013-0.7%
Q3 2013+15.8%
Q2 2013+2.6%
Q1 2013-0.7%
Q4 2012+8.1%
Q3 2012-0.2%
Q2 2012+8.5%
Q1 2011-0.3%
Q1 2012+2.7%
Q4 2009+1.8%
Q1 2010+1.8%
Q4 2011+1.8%
Q3 2010-0.6%
Q3 2011-0.6%
Q2 2010+0.6%
Q4 2010+0.6%
Q2 2011+0.6%

Discussion

Share your read of this quarter. Sign-in carries your eToro identity.

Join the conversation

Sign in with eToro to post your read of this quarter and vote on others'.

Sign in with eToro