E2open Parent Holdings Inc (NYSE:ETWO) stock fell 3.91% (As on October 12, 11:50:24 AM UTC-4, Source: Google Finance) after the company missed the earnings estimates for the second quarter of FY 22. GAAP subscription revenue for the second quarter of 2023 grew 113.3% from the year-ago comparable period to $131.6 million or 81.9% of total revenue. Organic subscription revenue growth was 8.6% or 10.7% on a constant currency basis. Total organic revenue growth was 6.7% or 8.9% on a constant currency basis. Non-GAAP gross profit grew 1.6% or 2.9% on a pro forma constant currency basis from the year-ago comparable period to $106.9 million. The second quarter of 2023 gross profit includes an approximate $2 million of previously disclosed strategic investments within the systems integrators ecosystem that e2open did not have in the comparable year-ago period. Net loss for the second quarter of 2023 was $409.6 million compared to $24.0 million from the year-ago comparable period. Adjusted unlevered free cash flow for the second quarter, adjusted for M&A, was $40.6 million, which represents 84.1% of adjusted EBITDA.

ETWO in the second quarter of FY 23 has reported the adjusted earnings per share of 5 cents, missing the analysts’ estimates for the adjusted earnings per share of 6 cents. The company had reported the adjusted revenue growth of 105.8 percent to $160.7 million in the second quarter of FY 23, missing the analysts’ estimates for revenue of $163.39 million. Adjusted EBITDA for the second quarter of 2023 decreased 4.0% or 5.8% on a pro forma constant currency basis from the year-ago comparable period to $48.3 million. Adjusted EBITDA margin was 30.1% or 29.0% on a constant currency basis versus 33.5% from the comparable year-ago period.

On the other hand, the company expanded partnership with Shippeo, a global leader in real-time multimodal transportation visibility, to provide clients with a new, unprecedented level of native real-time transportation visibility and supply chain execution management in a unified global platform, for all modes and geographies. The partnership adds another high-growth solution to the platform.

GAAP subscription revenue for fiscal 2023 is expected to be in the range of $535 million to $543 million versus prior guidance of $538 million to $546 million. Total GAAP revenue is expected to be in the range of $668 million to $676 million versus prior guidance of $672 million to $680 million.