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Nov 30, 2021
E2open Q3 2022 Earnings Report
E2open outperformed key metrics and organic growth accelerated, while integrating the BluJay acquisition.
Key Takeaways
E2open announced strong financial results for its fiscal third quarter 2022, with total GAAP revenue of $137.0 million and non-GAAP revenue of $147.4 million. The company's organic growth is accelerating, and the integration of BluJay is ahead of plan. E2open is raising its fiscal year 2022 revenue guidance.
Total GAAP revenue for Q3 2022 was $137.0 million, compared to $84.1 million in the prior period.
Total non-GAAP revenue was $147.4 million, compared to a non-GAAP pro forma of $129.5 million in the prior third quarter, reflecting non-GAAP revenue growth of 13.8%.
GAAP subscription revenue for the third quarter of 2022 was $107.0 million, compared to $70.4 million in the prior period.
Non-GAAP subscription revenue was $117.4 million, compared to a non-GAAP pro forma of $105.6 million from the prior third quarter, reflecting non-GAAP revenue growth of 11.2%.
E2open
E2open
E2open Revenue by Segment
Revenue by Segment
Professional Services Revenue
CapyFin.com Forward Guidance
E2open is increasing its total non-GAAP revenue guidance range to $474 million to $476 million and Adjusted EBITDA is expected to be in the range of $161 million to $163 million for fiscal year 2022.
Positive Outlook
- Total non-GAAP revenue guidance range increased to $474 million to $476 million.
- Reflects a 10.2% organic growth rate at the mid-point.
- Adjusted EBITDA is expected to be in the range of $161 million to $163 million.
- Non-GAAP gross profit margin is expected to be in the range of 70% to 72%.