E2open Parent Holdings, Inc. - ETWO STOCK NEWS

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.

E2open Parent Holdings, Inc. (NYSE: ETWO) reported strong fiscal fourth quarter results, with total revenue reaching $81.0 million, though down 3.8% from last year. Non-GAAP revenue rose 5.5% to $88.8 million. Subscription revenue decreased to $64.8 million but adjusted figures show a growth of 7.6%. EBITDA soared to $34.6 million from $10.3 million a year prior. For fiscal year 2021, total revenue grew 8.1% to $330.0 million. E2open raised its fiscal year 2022 guidance, projecting non-GAAP revenue between $369 million and $371 million, reflecting a positive outlook for organic growth.

E2open (NYSE: ETWO) has been recognized by Gartner as a Leader for the second consecutive year in its 2021 Magic Quadrant for Multienterprise Supply Chain Business Networks, highlighting its strong execution and vision. CEO Michael Farlekas emphasized the complexities of modern supply chains, which require a collaborative, networked approach. The company combines a comprehensive platform with AI, enhancing decision-making across supply chain ecosystems. E2open is noted for fostering resilience and agility in supply chains, enabling companies to adapt to disruptions effectively.