E2open (ETWO) Tops Q1 EPS by 2c

E2open (NYSE: ETWO) reported Q1 EPS of $0.07, $0.02 better than the analyst estimate of $0.05. Revenue for the quarter came in at $160.38 million versus the consensus estimate of $160.35 million.

Financial Outlook for Fiscal Year 2023

• As of July 11, 2022, e2open is providing updated guidance for the remainder of fiscal year 2023, which ends February 28, 2023, as follows:
• Fiscal 2023 GAAP Subscription Revenue
• GAAP subscription revenue for fiscal 2023 is expected to be in the range of $538 million to $546 million versus prior guidance of $545 million to $553 million, due to an approximate $7 million negative impact from foreign exchange rate fluctuations when compared to our prior guidance. There is no change to our guidance on a constant currency basis.
• Fiscal 2023 Total GAAP Revenue
• Total GAAP revenue is expected to be in the range of $672 million to $680 million versus prior guidance of $681 million to $689 million, due to an approximate $9 million negative impact from foreign exchange rate fluctuations when compared to our prior guidance. There is no change to our guidance on a constant currency basis.
• Fiscal Second Quarter 2023 GAAP Subscription Revenue
• GAAP subscription revenue for the fiscal second quarter of 2023 is expected to be in the range of $129 million to $132 million, including an approximate $3 million negative year over year impact from foreign exchange rate fluctuations.
• Fiscal 2023 Non-GAAP Gross Profit Margin
• Non-GAAP gross profit margin is expected to be in the range of 68% to 70% versus prior guidance of 69% to 71% which includes an approximate 50 basis point negative impact from foreign exchange rate fluctuations when compared to our prior guidance.
• Fiscal 2023 Adjusted EBITDA
• Adjusted EBITDA is reaffirmed in the range of $217 million to $223 million.

For earnings history and earnings-related data on E2open (ETWO) click here.

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