Manhattan Associates, Inc. (NASDAQ:MANH) Q1 2022 Earnings Conference Call April 26, 2022 4:30 PM ET

Company Participants

Michael Bauer - Head, Investor Relations

Eddie Capel - Chief Executive Officer

Dennis Story - Chief Financial Officer

Conference Call Participants

Terry Tillman - Truist

Joe Vruwink - Baird

Brian Peterson - Raymond James

Matt Pfau - William Blair

Mark Schappel - Loop Capital

Blair Abernethy - Rosenblatt Securities

Operator

Good afternoon. My name is Leah and I will be your conference facilitator today. At this time, I would like to welcome everyone to the Manhattan Associates Quarter One Earnings Call. [Operator Instructions] As a reminder, ladies and gentlemen, this call is being recorded today, April 26.

I would now like to introduce Mr. Michael Bauer, Head of Investor Relations of Manhattan Associates. Mr. Bauer, you may begin your conference.

Michael Bauer

Thank you, Leah and good afternoon everyone. Welcome to Manhattan Associates 2022 first quarter earnings call. I will review our cautionary language and then turn the call over to Eddie Capel, our CEO.

During this call, including the question-and-answer session, we may make forward-looking statements regarding future events or the future financial performance of Manhattan Associates. You are cautioned that these forward-looking statements involve risks and uncertainties and are not guarantees of future performance and that actual results may differ materially from the projections contained in our forward-looking statements. I refer you to the reports Manhattan Associates files with the SEC for important factors that could cause actual results to differ materially from those in our projections, particularly our annual report on Form 10-K for the fiscal year 2021 and the risk factor discussion in that report as well as any risk factor updates we provide in our subsequent Form 10-Qs. We note in particular that uncertainty regarding the impact of COVID-19 pandemic on our performance could cause actual results to differ materially from our projections. We are under no obligation to update these statements.

In addition, our comments include certain non-GAAP financial measures in an effort to provide additional information to investors. We have reconciled all non-GAAP measures to the related GAAP measures in accordance with SEC rules. You will find a reconciliation schedule in the Form 8-K we submitted to the SEC earlier today and on our website at manh.com.

Now, I will turn the call over to Eddie.

Eddie Capel

Good. Thanks Mike. Well, good afternoon, everyone and thank you for joining us as we review our first quarter results and discuss our increased full year 2022 outlook. Manhattan Associates is off to a strong start in 2022. We are reporting record results. Our Q1 total revenue increased 14% to $179 million and adjusted earnings per diluted share increased 40% to $0.60 and both of these metrics exceeded our expectations.