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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 Parent Holdings, Inc. (NYSE: ETWO), a leader in cloud-based supply chain management, will participate in two investor events. CEO Michael Farlekas and CFO Jarett Janik will present at the UBS Emerging SMID CAP Mini Conference on November 3, 2021, at 4:00 p.m. ET, and at the Credit Suisse 25th Annual Technology Conference in Scottsdale, AZ, on November 30, 2021, at 10:40 a.m. MT. Both events will be webcast live, with archived presentations available on the company's investor relations website.
E2open Parent Holdings, Inc. (NYSE: ETWO) reported strong fiscal second quarter 2022 results, achieving organic growth a quarter early with total GAAP revenue of $78.1 million, down 4.6% year-over-year, while non-GAAP revenue grew by 12.8% to $92.3 million. Subscription revenue saw a 10.6% decline in GAAP terms but rose 10% non-GAAP. Gross profit decreased 25.4% to $38.5 million, with adjusted EBITDA increasing 28.1% to $33.5 million. The company reaffirmed revenue guidance and raised its adjusted EBITDA outlook for the fiscal year.
E2open Parent Holdings (NYSE: ETWO) has released its inaugural 2021 Environmental, Social, and Governance (ESG) report, emphasizing its commitment to sustainability in supply chain management. CEO Michael Farlekas highlighted the report's focus on how E2open aids companies in accelerating growth while minimizing costs and environmental impact. The report discusses initiatives aimed at enhancing supply chain visibility, promoting employee well-being, and ensuring ethical governance. Full details can be found in the report on their website.
E2open Parent Holdings, Inc (NYSE: ETWO) released its 10th annual Forecasting and Inventory Benchmark Study, assessing supply chain impacts during the pandemic. The study highlights a new, lower baseline performance in business, exacerbated by increased demand planning errors—up over 20%—and service levels dropping from 99% to 83%. However, leveraging AI and real-time data significantly improved forecasting accuracy, reducing errors by 32% and increasing the value from planning investments six-fold. The report emphasizes the need for companies to adapt to ongoing challenges and enhance resilience in their supply chains.
E2open (NYSE: ETWO) has been recognized as a Leader in the 2021 Nucleus Control Tower Value Matrix by Nucleus Research, improving its position for usability and maintaining top functionality for three consecutive years. This recognition reflects E2open's extensive collaborative network and comprehensive suite of applications designed for supply chain management. The report emphasizes the pressing need for real-time data solutions to address supply chain disruptions, a key market trend in 2021.
E2open Parent Holdings (NYSE: ETWO) plans to announce its fiscal second quarter 2022 financial results on October 13, 2021, following market close. The company will host a live video webinar at 5:00 p.m. ET to discuss these results along with key business highlights. Investors can access the event through the company’s website. A replay will be available two hours post-event.
E2open Parent Holdings, Inc. (NYSE: ETWO) has announced its participation in four upcoming investor events. CEO Michael Farlekas and CFO Jarett Janik will present at the Deutsche Bank Virtual Technology Conference on September 9, 2021, the Jefferies Virtual Software Conference on September 14, 2021, the Bank of America Securities Virtual Industrial Software & Automation Summit on September 21, 2021, and the Baird Commerce Technology Symposium on October 19, 2021. Each event will be webcasts live and archived on the company's investor relations website.
E2open Parent Holdings has completed the acquisition of BluJay Solutions, enhancing its position as a leading SaaS supply chain management provider. This strategic acquisition is set to expand E2open's supply chain execution capabilities by nearly 25% and add a complementary global trade management platform. The combined entity is projected to generate approximately $570 million in non-GAAP revenue for fiscal year 2022. With the addition of BluJay’s customer base and innovative solutions, E2open aims for accelerated growth and improved service offerings across its expanded global market.
E2open (NYSE: ETWO) announced the appointment of Kari Janavitz as Chief Marketing Officer, effective immediately. Janavitz brings extensive experience from TE Connectivity (NYSE: TEL), where she was recognized for her contributions in brand building and digital marketing. Her role will involve overseeing various marketing functions to facilitate E2open's next growth phase. CEO Michael Farlekas emphasized Janavitz's innovative approach as a key asset for driving company growth, particularly in response to supply chain challenges exacerbated by recent global events.
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