Manhattan Associates +8% as Q1 earnings hit record

• Supply-chain solutions firm Manhattan Associates (NASDAQ:MANH) has jumped 8% after hours following a Q1 beat on top and bottom lines spurred by record revenues.
• Of total revenues of $149.9M, license revenue was $20.6M, up from the prior year's $19.3M.
• Revenue by segment: Americas, $128.8M (up 17.1%); EMEA, $15.7M (down 14.3%); APAC, $5.4M (up 2.1%).
• Cash flow from operations was $40.4M (up from $15.2M); cash and investments were $114.7M at quarter's end.
• It's guiding to full-year revenue of $615M-$620M, up from a previous $609M-$615M and above a consensus for $612M; and to EPS of $1.73-$1.76 from a previous $1.69-$1.72, and above consensus for $1.71.
• Regarding guidance, the company is observing a "quiet period" it will observe from June 15 at the close until the next earnings release, set for the third week in July.
• Conference call link
• Press Release
• Now read It Seems The Market's Mistaking Manhattan Associates For A SaaS Company »