E2open Parent Holdings, Inc. - ETWO STOCK NEWS

E2open Parent Holdings (NYSE: ETWO) has acquired Logistyx Technologies for $185 million. This acquisition enhances E2open’s cloud-based supply chain management platform by integrating Logistyx’s multi-carrier e-commerce shipping technology. The deal aims to expand E2open’s global footprint and enrich its capabilities in managing e-commerce shipments. Logistyx contributed approximately $40 million in revenue in 2021, and the acquisition is expected to accelerate E2open's subscription revenue growth.

E2open Parent Holdings (NYSE: ETWO) has announced a partnership with PayCargo to revolutionize freight payments. This collaboration integrates payment processes into E2open's supply chain platform, streamlining cargo release at ports and enhancing efficiency across transport modes. With instant payments, logistics providers can improve delivery times and reduce congestion, which also benefits environmental sustainability. E2open aims to strengthen its service offerings, potentially impacting over a quarter of global cargo movements positively.

E2open Parent Holdings, Inc. (NYSE: ETWO) has authorized a share repurchase program of up to $100 million for its Class A common stock over the next twelve months. The company has approximately 301.4 million shares outstanding as of January 10, 2022. This initiative is aimed at enhancing shareholder value and provides the flexibility to deploy capital effectively while maintaining the potential for future investments. The repurchase may occur through open market transactions or private deals, with management determining the timing and number of shares repurchased.

E2open Parent Holdings (NYSE: ETWO) reported robust financial results for Q3 FY2022, achieving total GAAP revenue of $137.0 million, a 62.9% increase from the previous year. Non-GAAP revenue rose 13.8% to $147.4 million. Subscription revenue also surged by 52.0% to $107.0 million. Despite this growth, the company faced a net loss of $64.3 million, worsening from a loss of $27.1 million in Q3 FY2021. E2open increased its fiscal year 2022 non-GAAP revenue guidance to a range of $474 million to $476 million, reflecting strong organic growth.

E2open Parent Holdings, Inc. (NYSE: ETWO) will release its fiscal third quarter 2022 financial results on January 12, 2022, after U.S. markets close. A video webinar is scheduled for 5:00 p.m. ET on the same day to discuss the results and business highlights. Investors can access the webinar through the company’s investor relations website, with a replay available shortly after the event.

E2open specializes in cloud-based supply chain management solutions, focusing on real-time data integration from various stakeholders.

E2open Parent Holdings, Inc. (NYSE: ETWO) has launched its fourth-quarter technology update, featuring two new applications: Supply Sensing and Global Logistics Orchestration. These tools aim to enhance supply chain management by predicting supply shortages and assessing the impact of shipping delays. The update introduces advanced analytics for better decision-making in volatile market conditions, helping clients mitigate risk and improve operational efficiency. Additional enhancements include improved marketing investment planning and new functionalities for global trade management.

E2open Parent Holdings (NYSE: ETWO) is expanding its partnership with Jaguar Land Rover to enhance their digital supply chain. The collaboration, first initiated four years ago, has successfully implemented a multi-enterprise inventory optimization strategy, doubling Jaguar Land Rover's value expectations. As Jaguar Land Rover pursues its 'Reimagine' strategy for sustainability and electrification, E2open’s platform will facilitate a more connected and efficient supply chain. E2open's CEO, Michael Farlekas, commended Jaguar Land Rover for adapting to industry challenges, including semiconductor shortages.

E2open Parent Holdings, Inc. (NYSE: ETWO), a provider of cloud-based supply chain management solutions, announced its participation in two investor events in December 2021. CEO Michael Farlekas and CFO Jarett Janik will present at the Raymond James Technology Investors Conference on December 6, 2021, at 9:40 a.m. ET, and at the UBS Global TMT Virtual Conference on December 8, 2021, at 1:00 p.m. ET. Both presentations will be webcast live and archived on the company's investor relations website.

E2open Parent Holdings (NYSE: ETWO) has released a quarterly report detailing ocean shipment delivery times across major trade lanes. The report indicates that overall lead times have increased, with shipments taking an average of 12 more days than the previous year, a 23% rise. Significant contributing factors include a 43% increase in the time from booking to gate and a 36% rise in ocean transit time. The report aims to assist shippers in making informed decisions to mitigate risks and improve supply chain efficiency.