AUSTIN, Texas–(BUSINESS WIRE)–E2open (NYSE: ETWO), a number one network-based supplier of 100% cloud-based, mission-critical, end-to-end provide chain administration software program, immediately updates steering for fiscal yr 2022, gives preliminary monetary outcomes for the fiscal fourth quarter and yr ended February 28, 2021 and broadcasts vital progress constructing new distribution channels via partnerships and increasing the enterprise gross sales crew.
“We are proud of our strong execution throughout this challenging year, and we are pleased to report that we ended fiscal year 2021 with a solid quarter that positions us well for fiscal year 2022,” mentioned Michael Farlekas, president and chief govt officer of E2open. “Our customers are increasingly recognizing the benefits of E2open’s supply chain operating platform, and we are thrilled to continue adding value to our existing and future customers with new strategic partnerships and an expanded salesforce.”
Mr. Farlekas continued, “Since closing our go-public transaction, we are encouraged by our ability to execute our organic growth plan and have continued confidence that the long-term revenue growth will be in excess of our 10% organic revenue growth target.”
Preliminary Fiscal Year 2021 Financial Results and Fiscal Year 2022 Revenue Guidance Update
E2open broadcasts preliminary outcomes for the fiscal yr 2021, which ended on February 28, 2021. E2open expects fiscal yr 2021 income to fulfill or exceed steering of $335 million and expects Adjusted EBITDA to be modestly above the steering offered through the Company’s mixture with CC Neuberger Principal Holdings I via an investor presentation filed with the SEC on January 8, 2021 and later up to date and filed with the SEC on March 9, 2021.
For the fiscal yr 2022 which started on March 1, 2021, we anticipate roughly 10% natural income progress inside a variety of $367 to $371 million, above the steering offered within the investor presentation on January 8, 2021, given the Company’s continued enterprise momentum.
The unaudited preliminary monetary outcomes symbolize essentially the most present info accessible to the Company and are primarily based on calculations or figures ready internally, which haven’t been reviewed or audited by the Company’s impartial registered public accounting agency. The Company’s precise outcomes might differ materially from these unaudited preliminary monetary outcomes and non-GAAP changes because of the completion of its monetary closing procedures and opinions.
New Strategic Partnership Additions
- Dun & Bradstreet, Inc. (NYSE: DNB), a number one world supplier of enterprise decisioning information and analytics, and E2open are collaborating on new data-driven options that may assist companies achieve the real-time transport and provide chain insights they should higher handle operational, compliance and credit score dangers. New initiatives embody the usage of D&B Analytics Studio, a cloud-based analytics platform that may mix Dun & Bradstreet’s Data Cloud of over 420 million world companies and information science sources with E2open’s huge transport and provide chain information to find the ripple impact that world incidents such because the current COVID-19 pandemic, Suez Canal blockage and semiconductor scarcity can have on downstream manufacturing and world commerce.
- Maersk®, the most important container transport line and vessel operator on the planet and a long run E2open consumer, joined forces to create a brand new service providing, NeoNav. E2open options assist energy Maersk NeoNav™, which has already attracted a number of world producers over a short while in market, additional supporting the enlargement of E2open’s market alternative.
Maersk NeoNav is designed to combine a variety of knowledge from varied sources throughout clients’ provide chains, together with their platforms and repair suppliers, throughout each the digital and bodily worlds. The platform will leverage Maersk’s complete portfolio of providers to offer clients with actionable insights and a world class crew to function their advanced world provide chains.
“E2open has also made great progress with our recently established new logo salesforce,” mentioned Mr. Farlekas. “We have created a separate go-to-market organization that will focus solely on the development of new logos so that we can further expand the upsell and cross-sell motion which has been so successful to a growing number of logos each year. We expect the uptick in performance from this group to begin late in our 2022 fiscal year.”
Quarterly Conference Call
E2open plans to host a convention name and dwell webcast at 5:00 p.m. Eastern Time on Tuesday, May 18, 2021 to debate fiscal fourth quarter and monetary yr 2021 monetary outcomes. To entry the convention name, dial 866-757-0071 (U.S. home) or 236-714-3680 (worldwide). The convention ID is 2788490. The webcast can be accessible dwell on the Investor Relations part of the Company’s web site at https://investors.e2open.com.
An audio replay of the decision may also be accessed via Tuesday, May 25, 2021 at 800-585-8367 (U.S. home) or 416-621-4642 (worldwide). The replay go code is 2788490. In addition, an archived webcast can be accessible an hour after the completion of the decision on the Investor Relations part of the Company’s web site at https://investors.e2open.com.
At E2open, we’re making a extra linked, clever provide chain. It begins with sensing and responding to real-time demand, provide and supply constraints. Bringing collectively information from purchasers, distribution channels, suppliers, contract producers and logistics companions, our collaborative and agile provide chain platform allows corporations to make use of information in actual time, with synthetic intelligence and machine studying to drive smarter choices. All this advanced info is delivered in a single view that encompasses your demand, provide and logistics ecosystems. E2open is altering every little thing. Demand. Supply. Delivered. Visit www.e2open.com.
E2open, the E2open brand and Harmony are registered emblems of E2open, LLC, or its associates. Maersk is a registered trademark of A.P. Moller – Maersk A/S. Dun & Bradstreet is a registered trademark of Dun & Bradstreet International, Ltd. All different emblems, registered emblems and repair marks are the property of their respective house owners.
Non-GAAP Financial Measures
This press launch consists of sure monetary measures not introduced in accordance with typically accepted accounting rules (“GAAP”) together with Pro Forma Adjusted EBITDA. This non-GAAP monetary measure just isn’t a measure of economic efficiency in accordance with GAAP and should exclude objects which can be vital in understanding and assessing the Company’s monetary outcomes. Therefore, these measures shouldn’t be thought of in isolation or as a substitute for web earnings, money flows from operations or different measures of profitability, liquidity, or efficiency below GAAP. You ought to be conscious that the Company’s presentation of those measures will not be corresponding to similarly-titled measures utilized by different corporations.
The Company believes this non-GAAP measure of economic outcomes gives helpful info to administration and traders concerning sure monetary and enterprise developments regarding the Company’s monetary situation and outcomes of operations. The Company believes that the usage of these non-GAAP monetary measures present a further software for traders to make use of in evaluating ongoing working outcomes and developments in evaluating the Company’s monetary measures with different related corporations, a lot of which current related non-GAAP monetary measures to traders. These non-GAAP monetary measures are topic to inherent limitations as they replicate the train of judgments by administration about which expense and earnings are excluded or included in figuring out these non-GAAP monetary measures.
Safe Harbor Statement
Certain statements on this press launch are “forward-looking statements” throughout the that means of Section 21E of the Securities Exchange Act of 1934, as amended, and are topic to the protected harbor created thereby. These statements relate to future occasions or the Company’s future monetary efficiency and contain recognized and unknown dangers, uncertainties and different components that will trigger the precise outcomes, ranges of exercise, efficiency or achievements of the Company or its business to be materially completely different from these expressed or implied by any forward-looking statements. In specific, statements in regards to the Company’s expectations, beliefs, plans, aims, assumptions, future occasions or future efficiency contained on this press launch are forward-looking statements. In some circumstances, forward-looking statements could be recognized by terminology similar to “may,” “will,” “could,” “would,” “should,” “expect,” “plan,” “anticipate,” “intend,” “believe,” “estimate,” “predict,” “potential,” “outlook,” “guidance” or the destructive of these phrases or different comparable terminology.
Please see the Company’s paperwork filed or to be filed with the Securities and Exchange Commission, together with the Company’s Registration Statement on Form S-1, annual reviews filed on Form 10-Okay and quarterly reviews on Form 10-Q, and any amendments thereto for a dialogue of sure necessary threat components that relate to forward-looking statements contained on this report. The Company has primarily based these forward-looking statements on its present expectations, assumptions, estimates and projections. While the Company believes these expectations, assumptions, estimates and projections are cheap, such forward-looking statements are solely predictions and contain recognized and unknown dangers and uncertainties, a lot of that are past the Company’s management. These and different necessary components might trigger precise outcomes, efficiency or achievements to vary materially from these expressed or implied by these forward-looking statements. Any forward-looking statements are made solely as of the date hereof, and except in any other case required by relevant securities legal guidelines, the Company disclaims any intention or obligation to replace or revise any forward-looking statements, whether or not because of new info, future occasions or in any other case.