MANHATTAN ASSOCIATES INC

For the period ended Dec 31, 2023. Filed Feb 6, 2024.

About this filing

A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.

FY2023 · Filed Feb 6, 2024

MANH$257.54+2.3%Stored close · as of Nov 10, 2026

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Contents

Consolidated Statements of Income

(in thousands, except per share amounts)

	Year Ended December 31,
	2023	2022	2021
Revenue:
Cloud subscriptions	$254,612	$176,458	$122,195
Software license	18,206	24,848	37,070
Maintenance	143,936	142,198	145,841
Services	487,869	394,096	334,799
Hardware	24,102	29,484	23,738
Total revenue	928,725	767,084	663,643
Costs and expenses:
Cost of cloud subscriptions, maintenance and services	429,263	356,111	295,518
Cost of software license	1,351	2,126	2,309
Research and development	126,814	111,877	97,628
Sales and marketing	74,490	64,537	57,855
General and administrative	81,174	73,070	68,086
Depreciation and amortization	5,752	6,663	7,914
Total costs and expenses	718,844	614,384	529,310
Operating income	209,881	152,700	134,333
Interest income	5,304	596	68
Other (loss) income, net	(1,514)	4,825	(329)
Income before income taxes	213,671	158,121	134,072
Income tax provision	37,103	29,162	23,600
Net income	$176,568	$128,959	$110,472
Basic earnings per share	$2.86	$2.05	$1.74
Diluted earnings per share	$2.82	$2.03	$1.72
Weighted average number of shares:
Basic	61,817	62,768	63,445
Diluted	62,608	63,408	64,323

The accompanying notes are an integral part of these Consolidated Statements of Income.

ContentsView on SEC.gov

The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.