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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) 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.
E2open Parent Holdings, Inc. (NYSE: ETWO) has announced its compliance with NYSE listing requirements after receiving notification on May 5, 2021. This follows a previous non-compliance notice dated April 23, 2021, due to a missed annual report filing linked to its predecessor, CC Neuberger Principal Holdings I, a SPAC. The annual report was finally filed on May 5, 2021, allowing E2open to regain compliance. The company focuses on cloud-based supply chain management solutions to enhance data-driven decision-making.
E2open (NYSE: ETWO) announced it received a formal notice of non-compliance from the NYSE due to delays in filing its annual report following new SEC guidance on SPAC warrants. The company now has six months to regain compliance. Despite this, E2open believes the impact is limited to accounting adjustments and does not affect its overall business performance. The company plans to file its Form 10-K soon, asserting it remains in line with NYSE standards apart from this issue.
E2open (NYSE:ETWO) receives recognition from Gartner as a Challenger in the 2021 Magic Quadrant for Transportation Management Systems (TMS). This acknowledgment highlights E2open's capabilities in effectively managing transportation planning, execution, and tracking for domestic and international shipments. The platform's AI-enabled features allow for quick deployment and real-time visibility of goods. Additionally, E2open is recognized as a Leader in Gartner's Magic Quadrants for Multienterprise Supply Chain Business Networks and Supply Chain Planning Solutions, reinforcing its standing in supply chain management.
E2open (NYSE: ETWO) has updated its fiscal year 2022 guidance and announced preliminary financial results for FY 2021, expecting revenue to exceed $335 million. For FY 2022, E2open anticipates approximately 10% organic revenue growth, projecting revenue of $367 to $371 million. Significant partnerships with Dun & Bradstreet and Maersk aim to enhance data-driven supply chain solutions. The company has also established a dedicated salesforce for new logo development, expected to impact performance positively in FY 2022.
E2open (NYSE:ETWO) has announced a partnership with Air France Industries KLM Engineering & Maintenance to implement its global exports and customs compliance solutions. This collaboration aims to automate shipment screening and regulatory trade compliance, thereby enhancing operational efficiency. E2open's platform will enable AFI KLM E&M to meet regulatory requirements while ensuring timely delivery of their services to over 200 international customers and 2,800 aircraft. This strategic move highlights E2open's commitment to facilitating global trade in an increasingly complex regulatory environment.
E2open (NYSE:ETWO) has released its first quarterly technology update for 2021, featuring enhancements across all application suites aimed at improving supply chain management. The update emphasizes the integration of artificial intelligence (AI) to facilitate better decision-making and productivity. Key improvements include new dashboards, demand signal management features, enhanced forecasting capabilities through deep learning AI, and updates to global trade management. These advancements are designed to optimize operational efficiency and reduce risks within the supply chain.
E2open has successfully completed its business combination with CC Neuberger Principal Holdings I, now trading under the ticker ETWO on the NYSE as of February 5, 2021. The transaction was approved by the board and shareholders, allowing E2open to leverage a recapitalized balance sheet and strategic partnerships for growth. CEO Michael Farlekas, who has led the company since 2015, aims to drive increased value through enhanced supply chain management solutions tailored for an evolving market. CC Neuberger Principal Holdings I raised $414 million during its IPO in April 2020.
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