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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'Or茅al, 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 reported its fiscal first quarter 2025 results, with GAAP subscription revenue at $131.4 million, within the guidance range but a decrease of 2.6% year-over-year. Total GAAP revenue was $151.2 million, down 5.6% from the previous year. GAAP gross profit was $72.7 million, an 8.5% decline, and GAAP net loss was $42.8 million, improving from a $360.9 million loss last year. Adjusted EBITDA was $50.7 million, down 5.7%, with a margin of 33.6%.
E2open emphasized its ongoing strategy to boost organic growth and client retention, with significant long-term contracts and new subscription business secured. Strategic review efforts continue, with results expected soon. The company reiterated its fiscal 2025 guidance, projecting flat GAAP subscription revenue growth and a 0.5% increase in total GAAP revenue year-over-year.
Key achievements include a new global trade program with a top retailer, major client contract renewals, and the launch of the Supply Network Discovery solution.
E2open (NYSE: ETWO), a leading connected supply chain SaaS platform, has published its 2024 Sustainability Report. The report provides insights into the company's ESG (Environmental, Social, and Governance) strategies for the fiscal year March 1, 2023, through February 29, 2024. CEO Andrew Appel emphasizes E2open's role in helping companies manage supply chains efficiently and sustainably. The report details initiatives in four key areas: Platform, People, Planet, and Policy. Highlights include advancing supply chain compliance and efficiency, promoting diversity and inclusion, enhancing emissions tracking, and maintaining robust governance structures. E2open also introduced its first Charitable Giving Week, focusing on community support and volunteerism.
E2open Parent Holdings has launched the Scheduling Standards Consortium (SSC) Appointment Scheduling API, aiming to enhance efficiency and collaboration within the supply chain. This API is part of the 24.2 quarterly update for E2open's Transportation Management Solution (TMS). It enables carriers and shippers to optimize and automate dock scheduling, reducing manual work and lead times. Formed in December 2022, the SSC aims to standardize scheduling interfaces to streamline communication among logistics stakeholders. The API offers real-time insights, cost savings, and enhanced compliance for users, while also simplifying integration through standardized connections.
E2open Parent Holdings (NYSE: ETWO) will release its fiscal first quarter 2025 financial results on July 10, 2024, after U.S. stock market closing.
A conference call will follow at 5:00 p.m. Eastern Time to discuss the results and business highlights.
Domestic callers can join by dialing 888-506-0062 and international callers by dialing 973-528-0011, using conference ID 721473.
A live webcast of the call will be available on E2open's Investor Relations webpage, with a replay accessible until July 24, 2024.
E2open, a connected supply chain SaaS platform, announced the winners of its Connect Europe 2024 Client Awards, recognizing innovators in supply chain operations. JLR, Sanofi, RS Group, Goikid Consulting, and Shippeo were honored for their achievements in supply chain efficiency, innovation, visibility, and partnership.
E2open announced strong financial results for Q4-FY24, exceeding high-end revenue guidance with $134.4 million in GAAP subscription revenue. The company showcased resilience with a focus on client-centric operations and culture, resulting in positive momentum and increased in-quarter win rates. Despite a slight decrease in revenue, the company closed strategic deals and highlighted a unique software portfolio. The company reported improvements in adjusted EBITDA margins, cash flow, and a positive outlook for FY25.
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