Manhattan Associates, a supply chain software provider, reported strong earnings that pleased investors and indicated a potential demand turnaround in the sector. The stock (NYSE: MANH) closed up 7.36% to $217.71, after hitting a high of $247.22 earlier in the day. Three analysts maintained buy ratings with target prices ranging from $210 to $250. The company saw a significant swing from a 52-week high of $312.60 to a low of $140.81. The earnings report showed record revenue of $272.4 million, with cloud subscription revenue up 22% to $100.4 million. Remaining Performance Obligation (RPO) increased by 26% to over $2 billion. Net income rose to $109.4 million. Adjusted operating income was $101.1 million. Manhattan Active Supply Chain Execution, launched in 2024, aims to unify products. The company expects a 20% growth rate in cloud subscription revenue. Clark emphasized the value of unification and cross-selling opportunities. The company added sales talent and offerings to Google Cloud Marketplace. Services revenue fell, but CEO Eric Clark remains cautiously optimistic about growth.

Read more at Yahoo Finance: Supply chain software provider Manhattan Associates soars after strong revenue growth