Description

Manhattan Associates: The Powerful WMS Renewal Cycle Coming in 18 Months—Why Scale Could Step Up This Time!

Manhattan Associates reported financial results that exceeded expectations in the third quarter of 2025, driven primarily by a 21% growth in cloud revenue. This growth was a primary contributor to overall revenue expansion, as well as a lever for earnings improvements. The company reported total revenue of $276 million for the quarter, with cloud revenue reaching $105 million. Despite macroeconomic challenges and a volatile global market environment, Manhattan Associates demonstrated consistent execution, positioning itself for continued growth in cloud services and a return to growth in service revenues in 2026. On the positive side, the company’s Revenue Performance Obligation (RPO) increased significantly by 23% year-over-year, totaling $2.1 billion. The strong performance was supported by robust win rates of 70% and a favorable mix of sales to existing customers, with conversion opportunities showing a notable uptick.