Management from Manhattan Associates (NASDAQ: MANH), a supply chain solutions technology provider, beat fourth-quarter forecasts and raised 2021 guidance on Tuesday.
The Atlanta-based company is currently projecting revenue from remaining performance obligations — unearned revenue or future bookings for its cloud services with a noncancelable contract term of more than one year — to exit 2023 at more than $1 billion. That figure was just north of $300 million at the 2020 close.
“Global demand and...