E2open releases Q4 2014 data

E2open, Inc. (NASDAQ: EOPN), said its total GAAP revenue was USD19.4m for the fourth quarter of fiscal 2014; subscriptions and support revenue was USD16.3m and professional services revenue was USD3.1m.

Non-GAAP revenue for the fourth quarter of fiscal 2014 included USD0.5m from the impact of a previous contract amendment that accelerated revenue from future periods to the second quarter of fiscal 2013, and USD0.1m from the impact of a purchase accounting adjustment to deferred revenue in connection with the ICON acquisition in the second quarter of fiscal 2014.

Total non-GAAP revenue was USD20.0m, an increase of 10 percent compared to USD18.1m for the fourth quarter of fiscal 2013 and an increase of 5 percent compared to USD18.9m for the third quarter of fiscal 2014. Subscriptions and support revenue was USD16.5m, an increase of 41 percent compared to USD11.7m for the fourth quarter of fiscal 2013 and an increase of 13 percent compared to USD14.7m for the third quarter of fiscal 2014. Professional services revenue was USD3.5m, a decrease of 46 percent compared to USD6.4m for the fourth quarter of fiscal 2013 and a decrease of 19 percent compared to USD4.3m for the third quarter of fiscal 2014.

GAAP loss from operations was (USD6.4)m compared to (USD2.6)m for the fourth quarter of fiscal 2013 and (USD7.1)m for the third quarter of fiscal 2014.

Non-GAAP loss from operations was (USD3.6)m compared to (USD1.4)m for the fourth quarter of fiscal 2013 and (USD3.9)m for the third quarter of fiscal 2014.

GAAP net loss was (USD6.4)m compared to (USD2.8)m for the fourth quarter of fiscal 2013 and (USD7.4)m for the third quarter of fiscal 2014. GAAP net loss per share was (USD0.23), based on 27.5m weighted-average shares outstanding, compared to (USD0.11) per share, based on 25.2m weighted-average shares outstanding for the fourth quarter of fiscal 2013, and (USD0.28) per share based on 26.5m weighted-average shares outstanding for the third quarter of fiscal 2014.

Non-GAAP net loss was (USD3.9)m compared to (USD1.5)m for the fourth quarter of fiscal 2013 and (USD4.4)m for the third quarter of fiscal 2014. Non-GAAP net loss per share was (USD0.13), based on 29.3m weighted-average shares outstanding, compared to (USD0.06), based on 27.2m weighted-average shares outstanding for the fourth quarter of fiscal 2013 and (USD0.16) based on 28.1m weighted-average shares outstanding for the third quarter of fiscal 2014.

E2open is a provider of cloud-based, on-demand software solutions enabling enterprises to procure, manufacture, sell, and distribute products more efficiently through collaborative planning and execution across global trading networks. E2open is headquartered in Foster City, California with operations worldwide.

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