NASDAQ$MANH
Manhattan Associates Inc · Q4 2023 earnings
Q4 2023 earnings · · Investor relations
Briefing
Reported record fourth quarter and full year results, with RPO bookings increasing 36% year-over-year due to strong demand.
Manhattan Associates reported strong Q4 2023 results, exceeding expectations and capping a successful year. Revenue reached $238.3 million, with GAAP EPS at $0.78 and non-GAAP EPS at $1.03. The company is optimistic about its growing market opportunity in 2024.
- Consolidated total revenue was $238.3 million for Q4 2023, compared to $198.1 million for Q4 2022.
- Cloud subscription revenue was $71.4 million for Q4 2023, compared to $51.7 million for Q4 2022.
- GAAP diluted earnings per share was $0.78 for Q4 2023, compared to $0.60 for Q4 2022.
- Adjusted diluted earnings per share, a non-GAAP measure, was $1.03 for Q4 2023, compared to $0.81 for Q4 2022.
Headline financials
Revenue & EPS history
Manhattan Associates · Revenue · Quarterly
$238M
Revenue by segment
Manhattan Associates · $238M total across 5 segments · Q3 2023
- Services$128M+23.8%53.7%
- Cloud subscriptions$65M+43.6%27.3%
- Maintenance$35.3M-1.5%14.8%
- Hardware$6.28M-12.9%2.6%
- Software license$3.9M-38.9%1.6%
Forward guidance
Manhattan Associates provides revenue guidance for the full year 2024 of $1,015 to $1,025 million. GAAP operating margin is expected to be 21.2% to 21.8%, and adjusted operating margin is expected to be 28.7% to 29.3%. GAAP EPS is projected to be $2.81 to $2.91, and adjusted EPS is projected to be $3.69 to $3.79.
Tailwinds
- Total revenue $1,015 to $1,025 million
- 9% to 10% Growth in total revenue
- GAAP operating margin 21.2% to 21.8%
- Adjusted operating margin 28.7% to 29.3%
- GAAP EPS $2.81 to $2.91
Headwinds
- Equity-based compensation 7.5%
- Equity-based compensation impact on EPS 1.02
- Excess tax benefit on stock vesting (0.13)
- Adjusted EPS -1% to 1%
- Those statements, including the guidance provided above, are forward looking. Actual results may differ materially.
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 Q4 2023
+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
| Quarter | Report date | Reaction (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% | — | — |
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