Earnings release
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Contact : Michael Bauer Senior Director , Investor Relations Manhattan Associates , Inc. 678-597-7538 mbauer@manh.com Rick Fernandez Director , Corporate Communications Manhattan Associates , Inc. 678-597-6988 rfernandez@manh.com Manhattan Associates Reports Record First Quarter 2021 Revenue and EPS Raises 2021 Full - Year Guidance ATLANTA - April 27 , 2021 - Leading Supply Chain and Omnichannel Commerce Solutions provider Manhattan Associates Inc. ( NASDAQ : MANH ) today reported revenue of $ 156.9 million for the first quarter ended March 31 , 2021. GAAP diluted earnings per share for both Q1 2021 and Q1 2020 was $ 0.35 . Non - GAAP adjusted diluted earnings per share for Q1 2021 was $ 0.43 compared to $ 0.40 for Q1 2020 . " We're very pleased with our strong start to 2021 , delivering the best Q1 revenue and earnings per share performance on record , exceeding our expectations , " said Manhattan Associates President and CEO Eddie Capel . " Accelerating demand for our solutions drove record first quarter bookings with RPO more than doubling over last year to $ 421 million . Deal activity was solid across our solutions , with demand notably impressive for Manhattan Active® Warehouse Management , which in turn is fueling strong services demand and increased visibility to future revenue growth . ” Mr. Capel continued , “ Reflective of our great start to the year , we are raising our full - year revenue and EPS guidance . " " In a turbulent global macro , favorable secular tailwinds are strengthening and continue to showcase the strategic importance of our suite of Manhattan Active omnichannel , inventory and supply chain solutions . We remain focused on enabling our clients to accelerate growth and Push PossibleⓇ , while investing significantly in innovation to achieve long - term sustainable growth in 2021 and beyond , " Mr. Capel concluded . FIRST QUARTER 2021 FINANCIAL SUMMARY : • Consolidated total revenue was $ 156.9 million for Q1 2021 , compared to $ 153.9 million for Q1 2020 . о Cloud subscription revenue was $ 26.6 million for Q1 2021 , compared to $ 17.3 million for Q1 2020 . Global Headquarters 2300 Windy Ridge Parkway NE Tenth Floor Atlanta , Georgia 30339 USA tel +1 770 955 7070 fax +1 770 955 0302 info@manh.com www.manh.com MManhattan AssociatesⓇ