E2open Parent Holdings, Inc. - ETWO STOCK NEWS

E2open (NYSE: ETWO) has released its third-quarter technology update, showcasing enhancements in its supply chain management software. Key improvements include a new channel marketing control center, enhanced shortage analysis, analytics for global trade compliance, and automated business process workflows. These updates aim to empower companies to make better, more connected decisions by improving visibility and control across their supply chains. E2open's solutions focus on increasing resilience and agility in response to global supply chain challenges.

E2open (NYSE: ETWO) has formed a strategic partnership with Vizient, Inc., the largest U.S. healthcare performance improvement company, to develop a cloud-based healthcare resilience platform. This initiative aims to enhance supply chain transparency and predictability for member health systems. The platform will provide real-time insights into inventory, logistics, and demand forecasts, effectively addressing supply chain disruptions highlighted by the COVID-19 pandemic. The technology is expected to launch in early 2022, benefiting acute care providers and healthcare suppliers.

E2open Parent Holdings, Inc. (ETWO) reported its fiscal first quarter 2022 results, with total GAAP revenue at $66.3 million, down 20.2% from last year. Non-GAAP revenue increased 6.9% to $88.8 million. Subscription revenue fell 26.7% to $51.0 million. Despite a net loss of $169.4 million, EBITDA showed an adjusted increase of 8.3% to $29.2 million. The company anticipates a full fiscal year 2022 revenue growth of over 10% and highlighted its acquisition of BluJay Solutions, which is expected to enhance its growth.

E2open (NYSE: ETWO) announced its partnership with Tesco PLC to replace their legacy transport management system with E2open’s cloud-based supply chain platform. This collaboration aims to enhance visibility, streamline transport execution, and optimize invoice processes while fostering supply chain collaboration. E2open's platform will enable Tesco to standardize operations globally, reduce costs, and prevent consumer shortages through better inventory and logistics management, ultimately improving stock management and fill rates.

E2open Parent Holdings (ETWO) has been added to the Russell 3000 Index, effective June 28, 2021. This membership also results in automatic inclusion in the Russell 2000 Index and associated growth and value style indexes. The Russell indexes are crucial for investment managers, with $10.6 trillion in assets benchmarked against them. E2open's CFO, Jarett Janik, expressed that this inclusion will enhance the company's visibility and expand its shareholder base, signaling potential growth opportunities for investors.

E2open (NYSE: ETWO) has announced an extension of its partnership with COSCO Shipping Corporation Limited through 2023. COSCO will continue using the INTTRA by E2open platform for a portion of its cargo bookings. E2open's digital platform facilitates over 200,000 ocean freight container bookings daily, providing a consolidated service for various stakeholders in the shipping industry. COSCO also employs E2open's eVGM service for compliance with international container weight regulations. E2open's commitment to quality service aims to enhance COSCO's customer experience amidst shipping challenges.

E2open Parent Holdings, Inc. (NYSE: ETWO) will release its fiscal Q1 2022 financial results on July 14, 2021, after market close. The management team is set to host a video webinar at 5:00 p.m. ET to discuss these results along with other business highlights. Investors can access the event via the company's investor relations website, with a replay available two hours post-event. E2open offers a cloud-based supply chain management platform leveraging AI and machine learning for real-time data insights to optimize demand, supply, and logistics.

E2open (NYSE: ETWO) announced its Q2 2021 technology update, introducing enhanced process automation and AI innovations aimed at improving supply chain decision-making. Key features include a new channel data management control center for better visibility, advanced forecasting techniques using machine learning, and expanded global trade compliance capabilities. The update is designed to streamline operations, enhance productivity, and drive better inventory management, ultimately facilitating faster and more efficient decision-making for clients.

E2open Parent Holdings will acquire BluJay Solutions for approximately $1.7 billion in stock and cash. This acquisition, leveraging E2open's extensive cloud-based supply chain platform, aims to enhance logistics execution capabilities and expand global reach. The combined entity expects annualized revenue of over $550 million and adjusted EBITDA exceeding $200 million post-acquisition. The strategic move is expected to drive organic growth and provide substantial cost savings of $20 million, reflecting 5% of combined costs.