E2open(US:ETWO)2021-10-13 22:44Financial Highlights - Q2 FY22 revenue reached $92.3 million[9], representing a 12.8% increase compared to $81.8 million in Q2 FY21[17] - Organic revenue growth was 13%[9] - Q2 FY22 adjusted EBITDA was $33.5 million[9], a 28% increase[9] from Q2 FY21's $26.2 million[17] - Adjusted EBITDA margin for Q2 FY22 was 36%[9] - Gross margin for Q2 FY22 was 74%[10] Growth Drivers - New client wins, including a large automotive client with a 5-year amendment doubling yearly subscription, and a new transportation client with +$2.5 million multiyear transaction[11] - New contract manufacturing and specialty apparel clients, each contributing ~$1 million[11] - 22% ARR uplift from new logos, representing 22% of bookings[10] Strategic Focus - E2open is well-positioned to support supply chain macro trends, including supply chain risk management, technology adaptability, sustainability mandates, and increased complexity[7] - The company offers an end-to-end SaaS supply chain software platform focused on logistics execution and customs compliance[13, 16] - E2open emphasizes ESG (Environmental, Social, and Governance) initiatives, including sustainable supply chain improvements, ethical culture, environmental impact minimization, and sound governance practices[13] Fiscal Year 2022 Guidance - The company reaffirms its fiscal year 2022 guidance, projecting total revenue between $470 million and $474 million[19] - Adjusted EBITDA is expected to be between $161 million and $163 million[19] - Gross profit margin is projected to be between 70% and 72%[19]