What happened Shares of Manhattan Associates (NASDAQ: MANH) grew a robust 11.4% in November, according to data from S&P Global Market Intelligence. Though there wasn't much news from the company during the month, the stock's movement was perhaps a delayed positive reaction to the company's Oct. 22 third-quarter earnings report. In addition, Manhattan Associates likely benefited from generally rising market sentiment for technology stocks, which outpaced the broader market in November on greater optimism for a U.S.-China trade deal. Image source: Getty Images. So what In the third quarter, Manhattan Associates reported 14% revenue growth and adjusted earnings-per-share (EPS) growth of 4%. While the EPS figure may seem like a letdown, both figures beat analyst expectations. Manhattan Associates is also making a transition to delivering its software via the cloud, rather than with a one-off license. Typically when companies do that, growth is suppressed for a period of time as subscriptions are recognized monthly or quarterly, rather than as one-time large purchases. Adding fuel to the fire, management also raised its full-year guidance across the board, raising revenue expectations to 9%-10% growth, up from 7% to 8% growth, and operating margins to 17.7%-17.9%, up from previous guidance of 15.6% to 15.8%. Now what Clearly, customers are getting satisfaction from and growing their use of Manhattan Associates' solutions. The company's software helps businesses efficiently manage inventory, supply chain, and logistics, which are key capabilities in the new world of omnichannel retail. In addition, the company's point-of-sale software, a new product just being adopted by initial customers, puts Manhattan squarely in competition with some very prominent fintech companies as well. All in all, as long as U.S. consumer spending remains healthy, Manhattan Associates' products should remain in demand, boding well for this software company's future. 10 stocks we like better than Manhattan AssociatesWhen investing geniuses David and Tom Gardner have a stock tip, it can pay to listen. After all, the newsletter they have run for over a decade, Motley Fool Stock Advisor, has tripled the market.* David and Tom just revealed what they believe are the ten best stocks for investors to buy right now... and Manhattan Associates wasn't one of them! That's right -- they think these 10 stocks are even better buys. See the 10 stocks *Stock Advisor returns as of December 1, 2019 Billy Duberstein has no position in any of the stocks mentioned. His clients may own shares of the companies mentioned. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy.Source