MANH: Solid Results, Cautious Outlook
Manhattan Associates, which provides software for supply chain, inventory, and retail businesses, beat expectations in the fourth quarter, with revenue up 7% year over year. Manhattan's customers, which include retailers, manufacturers, and logistics companies, are uncertain about the health of the economy (possibly influenced by tariffs), and that is weighing on their spending plans. On a post-earnings call, CEO Eddie Capel said about 10% of customers with in-flight implementations of Manhattan's software have reduced their planned services work in 2025, causing the company to scale back expectations for the year.