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E2open Parent Holdings, Inc. (symbol: ETWO) is a leading provider of cloud-based, on-demand software solutions designed to optimize supply chain management across global trading networks. The company offers a comprehensive end-to-end SaaS platform that integrates networks, data, and applications, empowering enterprises to efficiently procure, manufacture, sell, and distribute products. E2open's platform leverages real-time information, integrated business processes, and advanced analytics to provide deep visibility and control over trading networks.
E2open serves a diverse range of industries and boasts an impressive client list that includes major corporations such as Avnet, Celestica, Cisco, HP, IBM, Lenovo, L'Oréal, Motorola Solutions, Seagate, and Vodafone. The company operates primarily in the Americas but also has a significant presence in Europe and the Asia Pacific regions.
Recent achievements for E2open include strategic partnerships and continuous enhancements to its software solutions. The company's relentless focus on innovation and customer-centric approach has solidified its position as a key player in the supply chain management sector.
E2open's cloud-based platform supports a wide array of functionalities, including channel shaping, business planning, logistics, trade, manufacturing, and supply management. By combining these capabilities, E2open enables enterprises to streamline their operations, enhance efficiency, and drive business growth.
With a commitment to delivering value through technological excellence, E2open continues to invest in research and development to stay ahead of industry trends and meet the evolving needs of its customers. The company's financial health is robust, supported by a strong revenue stream and strategic investments aimed at scaling operations further.
Stay updated with the latest news and developments about E2open by visiting their official website or following their news releases. E2open remains dedicated to transforming supply chain management through innovative solutions and superior service.
E2open (NYSE: ETWO) has been named a Leader in three IDC MarketScape Worldwide Supply Chain Planning assessments for 2024: Overall, Process Industries, and Distribution Industries. The recognition highlights e2open's strengths in providing a comprehensive supply chain planning platform with integrated multi-enterprise commerce network capabilities.
IDC's research director Eric Thompson emphasized e2open's network-based platform's ability to support large, global organizations in digital transformations. The company's key strengths include probabilistic and deterministic forecasting, an integrated multi-enterprise commerce network, broad-based supply chain tools, and field-proven AI/ML algorithms.
The IDC MarketScape research underscores the critical importance of supply chain functionality in realizing business aspirations, particularly given the global disruptions of the past five years. E2open's approach focuses on comprehensive planning beyond traditional forecasting and supply balancing, addressing the complexities of modern supply chains with outsourced manufacturing, distribution partners, and third-party logistics providers.
E2open Parent Holdings (NYSE: ETWO) has rescheduled its fiscal third quarter 2025 financial results announcement from January 9 to Friday, January 10, 2025, before U.S. market open. The change is due to the observance of the National Day of Mourning for former President Jimmy Carter.
The company will host a conference call at 8:30 a.m. Eastern Time on January 10 to discuss financial results and business highlights. Investors can access the call via phone (888-506-0062 domestic; 973-528-0011 international; Conference ID: 588291) or through a live webcast on the company's investor relations website. A replay will be available through January 23, 2025.
E2open (NYSE: ETWO) has announced key executive appointments to strengthen its supply chain software platform. Pawan Joshi, a 22-year company veteran, has been promoted to the newly created position of Chief Strategy Officer (CSO), where he will drive corporate strategy and growth through strategic client engagement and innovation. Rachit Lohani joins as Chief Product and Technology Officer (CPTO), overseeing product management, engineering, and technology.
Lohani brings over 20 years of experience, previously serving as CTO at Paylocity and holding leadership positions at Atlassian, Intuit, and AOL. These appointments aim to enhance E2open's client-centric focus, accelerate growth, and advance the company's industry-leading position in supply chain solutions.
E2open Parent Holdings (NYSE: ETWO), a connected supply chain SaaS platform provider, has announced it will release its fiscal third quarter 2025 financial results after U.S. market close on Thursday, January 9, 2025. Management will host a conference call at 5:00 p.m. Eastern Time to discuss financial results and business highlights. The call will be accessible via phone and webcast, with replay options available through January 23, 2025.
Freightos (NASDAQ: CRGO) has officially launched its integration with e2open, embedding WebCargo air cargo eBooking into e2open's Transportation Management System (TMS). The integration enables freight forwarders to access real-time air freight rates and make instant bookings directly within the TMS platform, eliminating manual processes and context switching. Crane Worldwide Logistics is among the global logistics providers testing the system, which aims to streamline operations and improve response time to client needs through automated, real-time access to rates and bookings.
E2open's Ocean Shipping Index reveals significant increases in global ocean shipment durations, with average times rising from 58 days in Q3 2023 to 68 days in Q3 2024. The report highlights a 10-day year-over-year increase in global shipping times, primarily due to geopolitical unrest and port congestion. Notable increases include an 18-day surge in Asia-Europe routes (reaching 80 days) and 12-day increases in Europe-Asia routes (83 days). The index, based on data from over 480,000 connected enterprises managing 70+ million containers annually, identifies ongoing conflicts, extreme weather, and potential labor strikes as key factors affecting maritime transportation.
E2open Parent Holdings, Inc. (NYSE: ETWO) announced financial results for its fiscal second quarter ended August 31, 2024. GAAP subscription revenue was $131.6 million, a 2.3% decrease year-over-year. Total GAAP revenue was $152.2 million, down 4.0%. The company reported a GAAP net loss of $32.9 million and Adjusted EBITDA of $54.9 million, with a 36.1% margin.
E2open updated its fiscal year 2025 guidance, projecting GAAP subscription revenue between $526 million and $532 million, reflecting a negative 1.5% organic growth rate at the mid-point. Total GAAP revenue is expected to be in the range of $607 million to $617 million. The company is focusing on improving client retention, sales execution, and implementation excellence to build revenue momentum.
E2open Parent Holdings, Inc. (NYSE: ETWO) has released its 2024 Forecasting and Inventory Benchmark Study at its annual Connect customer conference. The study provides an extensive analysis of supply chain performance throughout the COVID-19 pandemic, offering insights from 2019 to 2023. Key findings include:
1. Consumer demand surged initially but normalized by 2023.
2. Manufacturers streamlined product offerings, focusing on fewer, more efficient items.
3. Planning errors for slow-moving items increased significantly.
4. AI-driven demand sensing consistently reduced forecast error by one-third compared to traditional methods.
5. Companies using multi-echelon inventory optimization with demand sensing reduced safety stock by 40-50%.
The study aims to equip businesses with insights to enhance decision-making and build resilience against future disruptions in the supply chain.
E2open Parent Holdings, Inc. (NYSE: ETWO), a leading provider of connected supply chain SaaS platforms, has announced its plans to report fiscal second quarter 2025 financial results on Wednesday, October 9, 2024, after the U.S. financial markets close. The company will host a conference call at 5:00 p.m. Eastern Time to discuss the results and other business highlights.
Investors and interested parties can access the call by dialing 888-506-0062 (domestic) or 973-528-0011 (international) with the conference ID 101565. A live webcast will also be available on the company's website. For those unable to attend, a replay will be accessible until October 23, 2024, using specific dial-in numbers and a replay passcode.
E2open Parent Holdings, Inc. (NYSE: ETWO) has released its latest Ocean Shipping Index, revealing significant increases in global ocean shipment transit times. The report shows:
1. Global average shipment duration increased to 66 days, an 8-day increase year-over-year.
2. Actual transit time increased by 5 days compared to Q2 2023.
3. Notable increases in shipping lanes: South America to Asia (87 days, up 15 days), Asia to Europe (75 days, up 14 days), and Europe to Asia (84 days, up 11 days).
The index, based on e2open's network data of over 480,000 connected enterprises and 70 million containers, provides insights for shippers to adapt to ongoing disruptions in ocean shipping.