Manhattan Associates expects 20%+ cloud subscription revenue growth

The company states: “And just like Q4, our Q1 is off to a great start from a new software bookings perspective. And we entered 2025 with the benefit of several growth drivers, which include the acquisition of new customers, conversions of on-premise customers to the cloud and cross-selling into our growing unified product portfolio. These growth drivers, along with our strong pipeline, provide us confidence that we’ll achieve 20% plus cloud subscription revenue growth over the next several years, with cloud subscription revenue surpassing services revenue likely by the end of 2026.”