E2open reports Q1 EPS 5c, consensus 4c

Reports Q1 revenue $152.3M, consensus $148.9M. “Our first quarter results demonstrate that our core business continues to strengthen and underscore the progress we have made in putting e2open (ETWO) back on a sustainable growth path,” said Andrew Appel, e2open chief executive officer. “Our entire e2open team remains focused on client satisfaction and retention, flawless delivery of our products, and value-added innovation. These efforts came to fruition in Q1 as we returned to year-over-year subscription revenue growth. I believe e2open is well positioned for the next chapter in the company’s development, which is our pending acquisition by WiseTech Global as announced in late May. Our e2open team is excited by the opportunity to partner with WiseTech in bringing industry-leading supply chain management capabilities to our many clients.”