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On January 28, 2025, after the market closed, Manhattan Associates published fourth quarter fiscal 2024 results and issued disappointing fiscal 2025 guidance that fell well short of expectations, suggesting a significant demand slowdown with implied 2.2% growth compared to 12.3% growth in FY2024. Manhattan Associates pointed to their Services segment for the setbacks, blaming the below-expectation guidance on headwinds caused by customers reducing their planned services work and “considerable FX noise” leading into fiscal 2025.
Following this news, on January 29, 2025, Manhattan Associates’ stock price fell by $72.26 per share to close at $222.84 per share.