Manhattan Associates, Inc. reported a total revenue of $1,042.4 million for the fiscal year ended December 31, 2024, marking a 12% increase from $928.7 million in 2023. The company's cloud subscription revenue rose significantly, accounting for $337.2 million, a 32% increase from the previous year. Operating income also saw a notable rise, reaching $261.6 million, up from $209.9 million in 2023, resulting in an operating margin of 25.1%, compared to 22.6% the prior year. The diluted earnings per share increased to $3.51 from $2.82 in 2023.
In terms of operational metrics, Manhattan Associates experienced a 25% growth in remaining performance obligations (RPO), which reached approximately $1.8 billion as of December 31, 2024. The company reported a total employee count of approximately 4,690, with a significant portion of its workforce based in international markets. The Americas segment generated the majority of revenue, contributing $802.5 million, while EMEA and APAC segments accounted for $190.5 million and $49.3 million, respectively.
Strategically, Manhattan Associates has focused on enhancing its cloud offerings, with a strong emphasis on its Manhattan Active® solutions. The company has also been investing in research and development, with R&D expenses totaling $137.7 million in 2024, reflecting a commitment to innovation in supply chain and omnichannel commerce solutions. The company continues to expand its geographic presence, with operations in various countries including Australia, China, and several European nations.
Looking ahead, Manhattan Associates remains cautious about the global economic environment but is optimistic about the demand for its cloud solutions. The company plans to continue investing in its cloud business and expanding its product offerings to capture a larger share of the market. The management has set strategic goals for 2025, which include focusing on customer success, driving sustainable growth, and expanding the global sales and marketing teams. The company’s leadership believes that these initiatives will position Manhattan Associates for long-term success in the evolving supply chain landscape.
About MANHATTAN ASSOCIATES INC
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