Rapid News Brief
Manhattan Associates reported Oct. 27 that third-quarter revenue reached $306.2 million, up from $275.8 million a year earlier, as cloud subscription revenue increased 28%. The results put the supply-chain software provider above $300 million in quarterly revenue.
For the quarter ended Sept. 30, GAAP diluted earnings per share rose to $1.04 from 96 cents. Adjusted diluted earnings were $1.55, compared with $1.36 a year earlier. The adjusted figure is a non-GAAP measure and should not be substituted for GAAP earnings.
Cloud subscriptions drive the change
Cloud subscription revenue was $134.4 million, versus $104.9 million a year earlier. Services revenue was also reported at $134.4 million, compared with $133 million. The rounded figures show the two revenue streams at similar scale, with substantially faster growth in cloud subscriptions.
The company also reported a 25% increase in remaining performance obligations. That measure concerns contractual revenue commitments; it is distinct from revenue already recognized during the quarter.
A retail deployment provides context
In a separate Oct. 13 announcement, Manhattan said Finnish retailer Kesko selected ActiveWarehouse to replace its grocery warehouse management system. The planned deployment includes agentic AI capabilities through ActiveAgents and Agent Foundry.
MT Newswires reported that Kesko plans to deploy agents for wave coordination, labor and warehouse associates, while considering additional agents for inbound operations. Those are implementation plans, not independently verified gains in warehouse productivity.
The Kesko announcement came after the reporting quarter ended. It provides current customer context, not evidence that the newly announced mandate produced the third-quarter revenue increase.
For retailers, the business consequence extends beyond a software vendor’s sales mix. Warehouse systems coordinate work that must connect with inventory, employees and order commitments. Evaluating a cloud migration therefore requires attention to implementation sequencing, integration and service continuity as well as subscription terms.
The earnings figures describe Manhattan’s business performance. A customer’s operating case still depends on its own deployment scope and measured results; neither a booking nor a product selection alone demonstrates faster fulfillment.