E2open (ETWO) Stock Up 7% Following Q2 Results

October 13, 2021 5:00 PM EDT
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Price: $12.49 -1.34%

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E2open Parent Holdings, Inc. (NYSE: ETWO) shares were trading more than 7% higher after-hours, following the company’s reported Q2 results, which exceeded its plan on revenue, gross margin, and EBITDA.

The company’s total revenue grew 12.8% year-over-year to $92.3million (total GAAP revenue was $78.1 million, down 4.6% year-over-year).

According to Michael Farlekas, the CEO of E2open, the company was able to achieve double-digit organic growth in Q2, a milestone that was expected to be achieved in Q3, according to the company’s announcement earlier this year.

As a result of strong performance and accelerating momentum in H1, the company reaffirmed its revenue guidance of $470-$474 million, which we raised on September 1st.

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