Manhattan Associates delivered a record quarter with robust revenue growth, driven by strong cloud and services demand amidst a volatile macro environment. The company has raised its full-year outlook on continued booking momentum and product expansion.
- Q1 revenue grew significantly, with cloud revenue up 24% and overall demand supporting a 24% increase in RPO to $2.35 billion.
- Over 55% of new cloud bookings were from net new logos, including notable wins like Google Cloud Marketplace and large retail, healthcare, and industrial clients.
- Deal volume improved across all regions and deal types, with a book rate consistently above 70%.
- The active agent pilot program shows early success, with deployments across diverse sectors demonstrating AI’s ability to enhance productivity and ROI.
- The company’s integrated, cloud-native AI agents embedded directly into workflows position Manhattan for sustained growth in automation and SaaS adoption.
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