-- CFRA, an independent research provider, has providedwith the following research alert. Analysts at CFRA have summarized their opinion as follows:
MANH delivered solid Q1 2026 results with revenue of $282.2M (+7.4% Y/Y), beating consensus by $8.5M, driven by strong cloud subscription growth of 24.2% to $117.1M and Services recovery of 3.8% to $125.7M. Non-GAAP EPS of $1.24 significantly exceeded Street expectations of $1.11, while operating cash flow of $84.0M (+11.6%) demonstrated strong cash generation. We view the continued cloud transformation momentum and Services segment recovery as positive indicators for the company's strategic shift toward cloud-native solutions despite persistent macro uncertainty. Management raised 2026 guidance with revenue expectations of $1.147B-$1.157B (+6% to +7%) and adjusted EPS of $5.29-$5.37, above consensus of $5.22. RPO growth rose 24% reaching $2.35B, providing excellent revenue visibility with management highlighting better-than-expected bookings. We believe the robust performance and raised guidance reflect strengthening demand for cloud solutions and improving execution across segments.