E2open's total GAAP revenue for the second quarter of fiscal 2024 was $158.5 million, down 1.4% from the year-ago comparable period. Growth-rate pressures will likely persist through the end of fiscal year 2024, CFO Marje Armstrong said in an earnings statement on October 10, 2023.
E2open's stock surged 26% on the M&A rumor, but shares are still down roughly 45% over the past year. The company's valuation is roughly $824 million as of mid-day on October 16, 2023.
Flexport Layoffs: The e2open buyout speculation reinforces continuing pressure on the supply chain software market. Only a few days ago, supply chain software startup Flexport announced 20% staff cuts in a bid to restore profitability by the end of 2024 or so.
e2open Supply Chain Management Software: Business Background
E2open, founded in 2000, is based in Austin, Texas. The company's software allows customers to "anticipate disruptions and predict opportunities to help your business improve efficiency, drive profitability, reduce waste, and operate sustainably," the company asserts.
E2open has a partner program that's designed for alliance partners, value-added resellers (VARs) and referral partners, and strategic partners.
E2open has had multiple ownership models in recent years. Among the dates to note: