E2open Parent Holdings, Inc. - ETWO STOCK NEWS

E2open Parent Holdings (NYSE: ETWO) has announced its participation in the UBS Global TMT Conference on December 6, 2022, at 12:30 p.m. Eastern Time. The conference will gather industry experts in technology, media, and telecom sectors. CEO Michael Farlekas is scheduled to present, and the presentation will be available live and archived on the company’s investor relations website at www.e2open.com. E2open is a connected supply chain SaaS platform, managing over 13 billion transactions annually.

E2open Parent Holdings (NYSE: ETWO) has expanded its partnership with Surge Transportation, enhancing logistics and transportation optimization for shippers. The new Carrier Highlight feature offers shippers real-time rate comparisons against contract and spot rates, improving tendering processes. Surge's pricing API will provide competitive spot rates and reliable capacity, addressing issues in the traditional spot market. This collaboration aims to deliver efficient, cost-effective logistics solutions, benefiting the consumer-packaged goods sector.

Shippeo, a leader in real-time multimodal supply chain visibility, has raised a record-breaking $40 million in funding, increasing total investments to over $110 million. All existing investors, including Battery Ventures and SAP.io, participated, along with new investors from Hong Kong and Japan. The capital will accelerate Shippeo’s global expansion, especially in North America and Asia-Pacific, and enhance its visibility platform. The company's valuation has grown 70% in the past year, and subscription revenues are up 80% year-on-year, solidifying its position in the market.

E2open Parent Holdings (NYSE: ETWO) has expanded its partnership with Uber Freight to enhance its Transportation Management System (TMS). This partnership introduces a real-time rating solution that allows shippers to compare transportation rates against existing contracts and spot rates. The Carrier Highlight innovation aims to optimize transportation spend, offering access to a broader network of carriers. E2open's solution supports shippers in achieving cost savings and managing logistics constraints effectively, even during fluctuating market conditions.

E2open Parent Holdings, Inc. (NYSE: ETWO) reported fiscal Q2 results with GAAP subscription revenue of $131.6 million, a 113% increase, and 11% organic growth year-over-year. Total GAAP revenue reached $160.7 million, up 105.8%. The company maintains its fiscal 2023 EBITDA guidance despite foreign exchange headwinds. Adjusted EBITDA declined 4% to $48.3 million, with a net loss of $409.6 million. Future guidance estimates GAAP subscription revenue between $535 million and $543 million. Recent strategic partnerships further enhance growth prospects.

Shippeo has appointed Philippe Van Hove as Chief Revenue Officer to enhance its worldwide operations. With 25 years of experience in scaling SaaS organizations, Van Hove will drive Shippeo's global expansion across Europe, the US, and APAC. His expertise is expected to support Shippeo's ambitious growth goals, especially after launching in North America. The company serves over 150 enterprise clients, including Coca-Cola HBC and Renault, and aims to lead in automated supply chain solutions through accurate multimodal visibility.

E2open Parent Holdings (NYSE: ETWO) has released its 2022 Environmental, Social, and Governance (ESG) report, detailing its commitment to enhancing global supply chains through technology. The report emphasizes E2open's strides in environmental and social impact, highlighting the incorporation of ESG principles in operations and metrics for FY22. Initiatives include minimizing carbon emissions, promoting diversity, and maintaining high ethical standards. The report also showcases E2open's role in helping clients achieve ESG goals, such as reducing greenhouse gas emissions and ensuring compliance with labor regulations.

E2open Parent Holdings (NYSE: ETWO) has maintained its leadership in the Control Tower Technology Value Matrix for eight consecutive years, as reported by Nucleus Research. Ranking the strongest in functionality, E2open is recognized for its comprehensive supply chain management platform, which combines AI and analytics to enhance operational efficiency and visibility across supply chains. The report highlights the increasing demand for unified control tower solutions to mitigate disruptions from labor shortages and supply chain challenges.

E2open Parent Holdings (NYSE: ETWO) has been recognized as a Leader in the IDC MarketScape for both Holistic Supply Chain Planning and Supply Planning, marking a significant achievement in the organization's growth. The reports highlight E2open's comprehensive supply chain planning applications, network-centric approach, and advanced AI algorithms, establishing its expertise across five key areas of supply chain planning.