Shares of E2open Parent Holdings on Monday gained 7.4% to $6.11 in post-market trading after the software company guided for subscription revenue growth in the second quarter and for the fiscal year.
The connected supply chain software platform said it expects to report subscription revenue for the three- months ending Aug. 31 of $545 million to $555 million, representing a 3.2% organic growth rate at the mid-point.
For the fiscal year as a whole, revenue is seen as between $655 million and $670 million, up from $652.2 million a year ago, and ahead of analysts expectations of $664.0 million, according to FactSet.