E2open, Inc. (NASDAQ: EOPN) said it has announced financial results for the quarter ended May 31, 2014.
Total GAAP revenue was USD19.0m for the first quarter of fiscal 2015; subscriptions and support revenue was USD16.3m and professional services revenue was USD2.7m.
Total non-GAAP revenue for the first quarter of fiscal 2015 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 USD19.6m, an increase of 22 percent compared to USD16.1m for the first quarter of fiscal 2014 and a decrease of 2 percent compared to USD20.0m for the fourth quarter of fiscal 2014. Subscriptions and support revenue was USD16.5m, an increase of 33 percent compared to USD12.4m for the first quarter of fiscal 2014 and was consistent with the USD16.5m revenue for the fourth quarter of fiscal 2014. Professional services revenue was USD3.2m, a decrease of 16 percent compared to USD3.7m for the first quarter of fiscal 2014 and a decrease of 9 percent compared to USD3.5m for the fourth quarter of fiscal 2014.
E2open is the 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. For more information, visit www.e2open.com.