Manhattan Associates reported record fourth-quarter 2024 revenue of $255.8 million, with GAAP diluted earnings per share of $0.77 and non-GAAP adjusted diluted EPS of $1.17. For the full year 2024, total revenue reached $1.042 billion, surpassing the one billion dollar milestone, with GAAP diluted EPS of $3.51 and adjusted diluted EPS of $4.72. Cloud subscriptions revenue for Q4 2024 was $90.330 million, and for the full year was $337.203 million.
Remaining Performance Obligations (RPO) increased by 25% over the prior year, indicating strong future revenue visibility. The company provided full-year 2025 guidance, expecting total revenue between $1.060 billion and $1.070 billion, representing 2-3% growth. Adjusted operating margin is projected between 33.0% and 33.5%, and adjusted EPS is guided to $4.45 to $4.55.
The 2025 guidance includes a pre-tax restructuring expense in Q1 2025 related to the elimination of about 100 positions in January 2025, aimed at aligning services capacity with customer demand impacted by macroeconomic uncertainty. An unusual health insurance claim expense of $7.0 million was recorded in Q4 2024, which is excluded from adjusted non-GAAP results.
CEO Eddie Capel stated that Manhattan ended 2024 strong with record bookings and extended its position as a leading innovator. He expressed optimism about growing market opportunities and business momentum, while remaining appropriately cautious on the turbulent macro environment. The company's ability to surpass the $1 billion revenue milestone in 2024 highlights its significant market presence.
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