Manhattan Associates (NASDAQ: MANH) stock is soaring 10.00% in Wednesday's pre-market trading following the release of its impressive first-quarter 2025 financial results and an upgraded full-year outlook. The supply chain and omnichannel solutions provider delivered better-than-expected top- and bottom-line performance, driven by robust cloud revenue growth and improved operating margins.

For Q1 2025, Manhattan Associates reported total revenue of $263 million, up 3% year-over-year and exceeding Wall Street estimates. The company's cloud revenue, a key growth driver, increased by an impressive 21% to $94 million. Adjusted earnings per share (EPS) came in at $1.19, representing a 16% year-over-year increase and significantly surpassing analysts' expectations of $1.02 per share. The strong performance was further underscored by a 25% year-over-year growth in Remaining Performance Obligations (RPO), reaching approximately $1.9 billion.

In light of the strong Q1 results, Manhattan Associates raised its full-year 2025 guidance. The company now expects total revenue between $1.06 billion and $1.07 billion, with cloud revenue projected to reach $405 million to $410 million. Furthermore, the adjusted EPS guidance was increased to a range of $4.54 to $4.64, up from the previous range of $4.45 to $4.55.

Adding to the positive sentiment, Manhattan Associates announced the launch of a new product called Enterprise Promise and Fulfill, designed to optimize B2B order promising and fulfillment. The company also maintained its strong competitive position, with a win rate of about 70% and 50% of new Cloud bookings coming from net new logos. Additionally, Manhattan Associates was named Google Cloud's Business Applications Partner of the Year for Supply Chain and Logistics, highlighting its innovation and customer success.

The combination of strong Q1 performance, raised guidance, new product launches, and solid competitive positioning appears to be fueling investor confidence and driving the significant pre-market stock surge. As supply chain optimization remains critical in the current economic environment, Manhattan Associates seems well-positioned to capitalize on the growing demand for its cloud-based solutions.