Manhattan Associates, Inc. (MANH) Delivers Robust Cloud Subscription Revenue Growth

Manhattan Associates, Inc. (NASDAQ:MANH) is one of the best debt-free mid-cap stocks to buy according to hedge funds. On January 27, Manhattan Associates, Inc. (NASDAQ:MANH) chief executive officer reiterated that business momentum continues to strengthen. The remarks came as the company delivered a record fourth quarter of cloud bookings and continued to gain market share.

Manhattan Associates, Inc. (MANH) Delivers Robust Cloud Subscription Revenue Growth

Consolidated revenue in the quarter soared to $270.4 million compared to $255.8 million delivered in the same quarter a year ago. The increase was driven by cloud subscription revenue increasing to $108.6 million from 90.3 million. On the other hand, license revenue fell to $2.6 million from $5.5 million delivered in the same quarter last year, as services revenue came in at $120 million. On the other hand, the company posted adjusted diluted earnings per share of $1.21, compared with $1.17 per share last year.

Full-year revenue increased to $1.08 billion, up from $1.04 billion in 2024, while cloud revenue increased to $408.1 million, up from $337.2 million. Meanwhile, full-year adjusted diluted earnings per share totaled $5.06, compared with $4.72 in 2024.

Consequently, on January 28, Truist Securities initiated coverage of the stock with a Buy rating and a $240 price target, impressed by the company’s fourth-quarter and full-year 2025 results. The research firm remains confident in the company’s ability to achieve sustained strong 20% cloud subscription revenue visibility.

Manhattan Associates, Inc. (NASDAQ:MANH) is a global technology leader that provides software solutions to manage and optimize supply chains, inventory, and omnichannel commerce. The company focuses on connecting front-end sales (customer engagement) with back-end execution (warehousing and logistics) on a single cloud-native platform.

While we acknowledge the potential of MANH to grow, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than MANH and that has 100x upside potential, check out our report about this cheapest AI stock.

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Disclosure: None. This article is originally published at Insider Monkey.