Manhattan Associates Inc
XMUN:MHT
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Manhattan Associates Inc
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Genuine Parts Co
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Manhattan Associates Inc
Manhattan Associates makes software that helps companies move goods through their supply chains more efficiently. Its products cover warehouse management, transportation management, order management, and inventory planning, so customers can track stock, route shipments, and fulfill orders from stores, warehouses, and online channels in one system. The company sells mainly to retailers, wholesalers, manufacturers, grocery chains, and logistics providers that need to run complex distribution networks. It makes money by licensing its software and by charging subscription and support fees for cloud-based and maintenance services, plus related implementation work when customers install the systems. What makes Manhattan Associates different is that it sits in the middle of day-to-day order fulfillment, not just back-office reporting. Its software is built to connect inventory, warehouses, and transportation planning, which helps customers make fast decisions about where goods are, where they should go next, and how to get them there with fewer mistakes.
Manhattan Associates makes software that helps companies move goods through their supply chains more efficiently. Its products cover warehouse management, transportation management, order management, and inventory planning, so customers can track stock, route shipments, and fulfill orders from stores, warehouses, and online channels in one system.
The company sells mainly to retailers, wholesalers, manufacturers, grocery chains, and logistics providers that need to run complex distribution networks. It makes money by licensing its software and by charging subscription and support fees for cloud-based and maintenance services, plus related implementation work when customers install the systems.
What makes Manhattan Associates different is that it sits in the middle of day-to-day order fulfillment, not just back-office reporting. Its software is built to connect inventory, warehouses, and transportation planning, which helps customers make fast decisions about where goods are, where they should go next, and how to get them there with fewer mistakes.
Record quarter: Manhattan reported record Q2 and first-half results, with cloud revenue up 26% and RPO up 23% to $2.47 billion, supported by a third straight quarter of record bookings.
Outlook raised: Management raised full-year 2026 guidance for total revenue, operating margin, EPS, cloud revenue, and RPO, and said RPO should land toward the high end of the $2.62 billion to $2.68 billion target.
AI gaining traction: Active Agents are now touching over 10% of the Active installed base through pilots or subscriptions, with 100% pilot-to-subscription conversion so far, though management said the revenue contribution is still early.
New packaging: Manhattan introduced Editions for Active solutions, a packaging and pricing change meant to expand the addressable market into smaller customers and more sites without changing the core platform.
Bookings mix improving: Conversions from on-prem to cloud represented over 40% of new cloud bookings, renewals were in line with plan, and net new logos were over 25% of new cloud bookings.
Macro still noisy: Management said the global macro backdrop remains volatile, but customers are still willing to invest in areas that create value, and they have not seen a slowdown in demand.
