E2Open Sees FY24 Subscription GAAP Revenue $545M-$555M; FY24 Total GAAP Revenue $655M-$670M; Q2 FY24 GAAP Subscription Revenue $132M-$135M
Portfolio Pulse from Happy Mohamed
E2Open has reiterated its full year 2024 guidance, expecting GAAP subscription revenue to be between $545M-$555M, total GAAP revenue between $655M-$670M, and Q2 FY24 GAAP subscription revenue between $132M-$135M. The company also expects a non-GAAP gross profit margin of 68%-70% and adjusted EBITDA of $218M-$228M for fiscal 2024.
July 10, 2023 | 8:22 pm
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E2Open has reiterated its FY24 guidance, projecting GAAP subscription revenue of $545M-$555M, total GAAP revenue of $655M-$670M, and Q2 FY24 GAAP subscription revenue of $132M-$135M. The company also expects a non-GAAP gross profit margin of 68%-70% and adjusted EBITDA of $218M-$228M.
E2Open's reiteration of its FY24 guidance is a neutral signal for the stock. While the company is projecting growth in its revenues and profitability, these projections are in line with previous expectations, and thus are unlikely to significantly move the stock in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100