Shares of Manhattan Associates surged 26.70% in Wednesday morning trading, climbing $44.90 to $213.07, after the supply chain software company reported record second-quarter results driven by strong growth in its cloud subscription business. Manhattan Associates said the quarter marked its third consecutive period of record bookings, a trend executives described as reflecting sustained business momentum and effective execution of the company's go-to-market strategy. Manhattan Associates ended the quarter with $186.1 million in cash and generated $90.7 million in cash flow from operations during the three-month period, according to its financial disclosures. Wednesday's surge continues a broader pattern for Manhattan Associates, whose stock has repeatedly posted double-digit single-session gains following past quarterly reports when cloud revenue growth has exceeded expectations. Manhattan Associates provides supply chain management and omnichannel commerce software used by large retailers, logistics companies and other enterprises to manage complex inventory, fulfillment and distribution operations.