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May 31, 2021
E2open Q1 2022 Earnings Report
E2open's first quarter of fiscal year 2022 resulted in strong revenue, gross margin, and EBITDA performance, driven by strong momentum.
Key Takeaways
E2open announced strong financial results for its fiscal first quarter 2022, exceeding its plan on the operating metrics of revenue, gross margin, EBITDA margin, and gross and net bookings. The company reaffirmed its fiscal year 2022 guidance of 10% organic revenue growth.
Total GAAP revenue for fiscal first quarter 2022 reached $66.3 million, a decrease of 20.2% from $83.1 million in the fiscal first quarter of 2021.
Total non-GAAP revenue was $88.8 million, an increase of 6.9% compared to $83.1 million in the fiscal first quarter of 2021.
Adjusted EBITDA was $29.2 million with a margin of 32.9%, an increase from $27.0 million in the fiscal first quarter 2021 with a margin of 32.4%.
Net cash provided by operating activities was $39.3 million for the first quarter of fiscal 2022, compared to cash provided by operating activities of $29.8 million in the prior year period.
Revenue by Segment
Forward Guidance
E2open is reaffirming its guidance for its full fiscal year 2022, which ends February 28, 2022.
Positive Outlook
- Total non-GAAP revenue is expected to be in the range of $369 million to $371 million.
- Non-GAAP gross profit is expected to be in the range of $268 million to $270 million.
- Adjusted EBITDA is expected to be in the range of $120 million to $122 million.
- Estimates reflect approximately 10% organic revenue growth.
- Adjusted gross margin in the range of 72 to 73%.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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