Manhattan Associates, Inc. reported record financial results for the fourth quarter and full year 2024, driven by strong demand for its supply chain and omnichannel commerce solutions. Total revenue for Q4 2024 reached $255.8 million, a 7.3% increase from Q4 2023, with cloud subscription revenue growing significantly to $90.3 million. GAAP diluted earnings per share (EPS) for the quarter was $0.77, slightly lower than the $0.78 reported in the prior year, while non-GAAP adjusted diluted EPS rose to $1.17 from $1.03. Full-year revenue surpassed $1 billion for the first time, reaching $1.04 billion, up from $928.7 million in 2023. The company’s adjusted operating income grew to $361.8 million, a 28.5% increase from the previous year, while adjusted EPS increased from $3.74 to $4.72.

Manhattan Associates continued its stock repurchase program, buying back 986,555 shares for $241.6 million in 2024. The company also reported strong cash flow from operations of $295 million, compared to $246.2 million in 2023. Looking ahead to 2025, the company projects total revenue between $1.06 billion and $1.07 billion, with adjusted EPS expected in the range of $4.45 to $4.55. However, the company remains cautious about macroeconomic challenges and recently conducted a restructuring that eliminated around 100 positions. CEO Eddie Capel highlighted the company’s growing market opportunities and solid business momentum while acknowledging ongoing economic uncertainties.