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MANH - Why Manhattan Associates Surged 88.2% in 2019
Manhattan Associates Inc.
Shares of supply-chain and inventory software company Manhattan Associates(NASDAQ: MANH) appreciated 88.2% in 2019, according to data from S&P Global Market Intelligence. The software company saw a rebound from the tech sell-off of late 2018, and demand for its software solutions continued to exceed expectations.
In addition, Manhattan Associates is transitioning from a perpetual license model to a cloud-delivered model, which caused revenue declines in 2017 and 2018 but reversed to headline revenue growth in 2019.