E2open (NASDAQ:EOPN) had a loss and beat Wall Street’s expectations, BUT came up short on beating the revenue expectation. The revenue miss is a negative sign to shareholders seeking high growth out of the company.
E2open Earnings Cheat Sheet
Revenue: Rose 0.84% to $15.6 million from the year-earlier quarter.
Actual vs. Wall St. Expectations: E2open reported adjusted EPS loss of $0.15 per share. By that measure, the company beat the mean analyst estimate of $-0.20. It missed the average revenue estimate of $15.75 million.
Quoting Management: Mark Woodward, E2open’s President and CEO, said, “The first quarter was a strong start to the new fiscal year, and it was highlighted by 26% year-over-year growth in our non-GAAP subscriptions and support revenue. The Company continues to execute well against its strategy to both gain new customers and further penetrate existing accounts. In addition, the acceleration of our partner enablement program is on track and will help drive our growth in the future. Based on our strong first quarter performance and ongoing business momentum, we are increasing our fiscal year guidance for subscriptions and support revenue as well as new and upsell bookings.”
Key Stats (on next page)…