E2open (ETWO) Misses Q2 EPS by 1c

E2open (NYSE: ETWO) reported Q2 EPS of $0.04, $0.01 worse than the analyst estimate of $0.05. Revenue for the quarter came in at $158.2 million versus the consensus estimate of $159.66 million.

Financial Outlook for Fiscal Year 2024:

As of October 10, 2023, e2open is updating full year 2024 guidance previously provided on May 1, 2023, and providing third quarter 2024 guidance as follows:

Fiscal 2024 Subscription GAAP Revenue

GAAP subscription revenue for fiscal 2024 is expected to be in the range of $530 million to $538 million, reflecting a 0.2% organic growth rate at the mid-point.

Fiscal 2024 Total GAAP Revenue

Total GAAP revenue for fiscal 2024 is expected to be in the range of $625 million to $635 million, reflecting a 3.4% year over year decrease at the mid-point.

Fiscal Third Quarter 2024 GAAP Subscription Revenue

GAAP subscription revenue for the fiscal third quarter of 2024 is expected to be in the range of $130 million to $133 million, reflecting a 2.5% year over year decrease at the mid-point.

Fiscal 2024 Non-GAAP Gross Profit Margin

Non-GAAP gross profit margin for fiscal 2024 is expected to be in the range of 68% to 70%.

Fiscal 2024 Adjusted EBITDA

Adjusted EBITDA for fiscal 2024 is expected to be in the range of $215 million to $220 million, reflecting an implied adjusted EBITDA margin in the range of 34% to 35%.

For earnings history and earnings-related data on E2open (ETWO) click here.

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