Company | 15/07/2013 14:55
The software maker E2open replaced its dependence on BlackBerry and PC makers with a number of new clients
E2open Nasdaq: “We have 80 million (in revenue) this year and will grow 30% next year. This should get us there,” said Woodward.
software maker E2open expects its revenue to reach $ 100 million for the first time in the next fiscal year, after replacing its dependence on BlackBerry and PC makers with a number of new customers.
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Chief Executive Mark Woodward said he hoped the E2open, which went public a year ago, boost your sales in 12 months ending in February 2015 after adding 20 new corporate clients in the current fiscal year.
“We have 80 million (in revenue) this year and will grow 30% next year. This should get us there,” Woodward said in an interview, referring to a goal of $ 100 million in revenue.
E2open, which makes cloud-based software designed to assist companies in managing their logistics networks, more than doubled its annual revenue in five years since Woodward took over. Revenue for the fiscal year ended February 28, 2013 was 75 million dollars.
With a customer base that includes Coca-Cola, Unilever, IBM and Cisco Systems, E2open search diversification to reduce their dependence on one large customer.
Last year, this client was the Canadian maker of BlackBerry smartphones.
Woodward said he hoped that the contribution to the BlackBerry E2open’s revenue fell to less than 3% in the current fiscal year, compared to about 15% last year.
“The use of our systems, simply because it is selling fewer devices, has dropped dramatically,” he said.
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