MANH - Manhattan Associates up 2% after Q2 beat raises guidance

July, 24 2020 03:22 AM Manhattan Associates Inc.

Manhattan Associates (NASDAQ:MANH) reports Q2 results that beat top and bottom line estimates.
Revenue breakout: Cloud subscription, $18.5M (+105.5% Y/Y); Services, $71.8M (-23.6); Maintenance, $35.9M (-3.8%); Software license, $5.7M (-51.5%) and Hardware, $3.8M (+61.3%).
Q2 Non-GAAP EPS was $0.40 compare to $0.42 year-ago. Cash from operations was at $48.8M, vs. a year-ago $37.2M. Days sales outstanding was 73 days, vs. 61 days at last quarter's end.
Cash and investments at the end of quarter totaled $123.6M compared to $75.3M at March 31, 2020.
MANH forecasts 2020 revenue between $554M-$570M (prior: $541M-$565M) and Non-GAAP EPS of $1.53-$1.59 (prior: $1.50-$1.58), in-line with a consensus of $559.2M and $1.54.
MANH shares are up 20% YTD
Previously: Manhattan Associates EPS beats by $0.06, beats on revenue (July 23)
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