E2open (ETWO) reported Q3 EPS of $0.06, $0.02 better than the analyst estimate of $0.04. Revenue for the quarter came in at $168 million versus the consensus estimate of $168.06 million.
GUIDANCE:
E2open sees Q4 2023 revenue of $137-140 million, versus the consensus of $180 million.
E2open sees FY2023 revenue of $655-660 million, versus the consensus of $669.7 million.
- Fiscal 2023 GAAP Subscription Revenue
- GAAP subscription revenue for fiscal 2023 is expected to be in the range of $533 million to $536 million versus prior guidance of $535 million to $543 million, including an approximate $2 million positive impact from foreign exchange rate fluctuations when compared to our prior guidance.
- GAAP subscription revenue for fiscal 2023 on a constant currency basis is expected to be in the range of $542 million to $545 million versus prior guidance of $545 million to $553 million.
- Fiscal 2023 Total GAAP Revenue
- Total GAAP revenue is expected to be in the range of $655 million to $660 million versus prior guidance of $668 million to $676 million, including an approximate $2 million positive impact from foreign exchange rate fluctuations when compared to our prior guidance.
- Total GAAP revenue on a constant currency basis is expected to be in the range of $667 million to $672 million versus prior guidance of $681 million to $689 million.
- Fiscal Fourth Quarter 2023 GAAP Subscription Revenue
- GAAP subscription revenue for the fiscal fourth quarter of 2023 is expected to be in the range of $137 million to $140 million including an approximate $2 million negative year-over-year impact from foreign exchange rate fluctuations.
- Fiscal 2023 Non-GAAP Gross Profit Margin
- Non-GAAP gross profit margin is reaffirmed in the range of 68% to 70%.
- Fiscal 2023 Adjusted EBITDA
- Adjusted EBITDA is reaffirmed in the range of $217 million to $223 million reflecting an implied adjusted EBITDA margin of approximately 33% to 34%.