On July 29, Manhattan Associates rose 10.07% in after-hours trading, trading at $183.505/share, with turnover of $3.2177 million.

The movement was driven by the company reporting second-quarter adjusted EPS of $1.39, surpassing the analyst consensus estimate of $1.32 by 5.3%, representing a 6.11% year-over-year increase. Revenue came in at $297.8 million, beating the expected $287.914 million by approximately 3.4%. Notably, this marks the second consecutive quarter of significant outperformance, following a 10.71% EPS beat in Q1.

Management stated that while remaining vigilant about ongoing global macro volatility, the company maintains confidence in its business growth momentum. Manhattan Associates is a cloud-based supply chain management software provider, offering supply chain execution, omnichannel commerce, and supply chain planning solutions to retailers, wholesalers, manufacturers, and logistics providers. The sustained earnings beats reflect strengthening demand for its cloud subscription offerings and improving profitability.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)