Manhattan Associates (ticker: NASDAQ:MANH) has announced record-breaking financial results for the fourth quarter and full year of 2023, with significant growth in total revenue, remaining performance obligations (RPO), and other key financial metrics. The company’s investments in research and development (R&D) and personnel have reached new heights, exceeding $125 million in R&D for the year. The launch of Iris, a new cloud-native point-of-sale system, and a strategic partnership with Shopify (NYSE:SHOP) to offer comprehensive omnichannel commerce solutions have contributed to a 20% increase in Q4 revenue. The company’s financials have surpassed expectations, with a promising outlook for 2024, forecasting sustained double-digit top-line growth and top quartile operating margins. In conclusion, Manhattan Associates has delivered a strong financial performance for the…
