Manhattan Associates Non-GAAP EPS of $1.36 beats by $0.17, revenue of $275.8M beats by $4.16M

* Manhattan Associates press release [https://seekingalpha.com/pr/20274391-manhattan-associates-reports-third-quarter-results] (NASDAQ:MANH [https://seekingalpha.com/symbol/MANH]): Q3 Non-GAAP EPS of $1.36 beats by $0.17.
* Revenue of $275.8M (+3.4% Y/Y) beats by $4.16M.
* Cloud subscription revenue was $104.9 million for Q3 2025, compared to $86.5 million for Q3 2024.
* License revenue was $1.4 million for Q3 2025, compared to $3.8 million for Q3 2024.
* Services revenue was $133.0 million for Q3 2025, compared to $137.0 million for Q3 2024.
* FY25 revenue consensus of $1.07B, EPS consensus of $4.83
*
Manhattan Associates provides the following revenue, operating margin, and diluted earnings per share guidance for the full year 2025:

Guidance Range - 2025 Full Year

($'s in millions, except operating margin and EPS)

$ Range

% Growth Range

Total revenue

$1,073

$1,077

3%

3%

Operating Margin:

GAAP operating margin

25.0%

25.2%

Equity-based compensation

10.1%

10.1%

Unusual health insurance claim(3)

0.2%

0.2%

Restructuring expense(4)

0.2%

0.2%

Adjusted operating margin(1)

35.5%

35.7%

Diluted earnings per share (EPS [https://seekingalpha.com/symbol/EPS]):

GAAP EPS

$3.43

$3.45

-2%

-2%

Equity-based compensation

1.52

1.52

Excess tax benefit on stock vesting(2)

(0.06)

(0.06)

Unusual health insurance claim(3)

0.02

0.02

Restructuring expense(4)

0.04

0.04

Adjusted EPS(1)

$4.95

$4.97

5%

5%

MORE ON MANHATTAN ASSOCIATES

* Manhattan Associates: The Valuation Expansion Has Gone Too Far [https://seekingalpha.com/article/4825640-manhattan-associates-the-valuation-expansion-has-gone-too-far]
* Manhattan Associates Q3 2025 Earnings Preview [https://seekingalpha.com/news/4505690-manhattan-associates-q3-2025-earnings-preview]
* Seeking Alpha’s Quant Rating on Manhattan Associates [https://seekingalpha.com/symbol/MANH/ratings/quant-ratings]
* Historical earnings data for Manhattan Associates [https://seekingalpha.com/symbol/MANH/earnings]
* Financial information for Manhattan Associates [https://seekingalpha.com/symbol/MANH/income-statement]