Eddie Capel on cloud
From Manhattan Associates (NASDAQ: MANH) - Q4 2024 Earnings Call · · Business Presentations
“We have several growth drivers — new customer acquisition, conversions of on‑premise customers to the cloud and cross‑selling — and we are confident we'll achieve 20%+ cloud subscription revenue growth over the next several years with cloud subscription revenue surpassing services revenue likely by the end of 2026.”
On , Eddie Capel, Executive Chairman of the Board at MANHATTAN ASSOCIATES INC, spoke about cloud during Manhattan Associates (NASDAQ: MANH) - Q4 2024 Earnings Call on Business Presentations.
About Eddie Capel
Eddie Capel, executive chairman of Manhattan Associates, stated on the company’s Q4 2024 earnings call that the company surpassed $1 billion in total revenue and achieved records in RPO, operating profit, free cash flow, and earnings per share. He said the company does not expect tariffs to have a direct impact on its business, describing any effect as likely modest. Capel noted that the company signed its first Manhattan Active Supply Chain Planning customer and that a large-scale store technology replacement cycle is emerging. He also said the company remains cautious on the global economy, with about 10% of customers reducing planned services work. In earlier remarks, Capel described the company’s cloud-native, microservices-based solutions as versionless and updated every 90 days. He said legacy technology architectures are incapable of unifying processes like distribution and transportation. Capel also stated that retailers are seeing a smoothing of holiday demand, with sales promotions starting earlier and lasting longer, and that longer advertising periods are expected to help drain down inventory. He characterized the company’s consistent investment in research and development as unmatched in the industry.