Manhattan Associates (MANH) stock surged 10.43% in after-hours trading on Tuesday following the release of its second-quarter earnings report, which exceeded analyst expectations and showcased strong growth in cloud revenue.
The supply chain and omnichannel commerce solutions provider reported adjusted earnings per share of $1.31 for Q2, significantly beating the consensus estimate of $1.13. Revenue for the quarter came in at $272.4 million, surpassing the expected $263.74 million. Notably, the company's cloud revenue saw impressive growth, increasing by 22% to $100.4 million, driving overall revenue growth.
Adding to the positive sentiment, Manhattan Associates raised its full-year 2025 guidance. The company now expects revenue between $1.071 billion and $1.075 billion, up from the previous consensus of $1.06 billion. Additionally, the adjusted EPS forecast for 2025 was increased to a range of $4.76 to $4.84, compared to the earlier consensus of $4.60. This upward revision in guidance, coupled with the strong Q2 performance, appears to have fueled investor optimism, leading to the significant after-hours stock price increase.
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