Financial PerformanceStrong profit conversion with EBIT margin at 37% compared to 30% year-over-year.
Growth PotentialRecent Manhattan results are favorable, by comparison: total revenues increased 15% YoY, recurring revenue increased 22% YoY, with strong cloud bookings.
Market PositionManhattan offers differentiation as an investment idea with leadership in cloud-based supply chain systems and a large opportunity to migrate customers and land new logos.