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10/10/2023
Greetings. Welcome to the E2 Open second quarter fiscal year 2024 earnings call. At this time, all participants are in a listen-only mode. A question and answer session will follow the formal presentation. If anyone should require operator assistance during the conference, please press star zero on your telephone keypad. Please note this conference is being recorded. I will now turn the conference over to your host, Dusty Buell. You may begin.
Good afternoon, everyone. At this time, I would like to welcome you all to the E2 Open Fiscal Second Quarter 2024 Earnings Conference Call. I am Dusty Buhl, Head of Investor Relations here at E2 Open. Today's call will include recorded comments from our Interim Chief Executive Officer, Andrew Rappel, our Chief Financial Officer, Marie Armstrong, and our Chief Commercial Officer, Greg Randolph. Following those comments, we'll open the call for a live Q&A session. A replay of this call will be available on the company's investor relations website at investors.e2open.com. Information to access this replay is listed in today's press release, which is also available on our investor relations website. Before we begin, I'd like to remind everyone that during today's call, we will be making forward-looking statements regarding future events and financial performance, including guidance for our fiscal third quarter and full year 2024. These forward-looking statements are subject to known and unknown risks and uncertainties. E2 open cautions that these statements are not guarantees of future performance. We encourage you to review our most recent reports, including our 10-Q or any applicable amendments, for a complete discussion of these factors and other risks that may affect our future results or the market price of our stocks. And finally, we are not obligating ourselves to revise our results or these forward-looking statements in light of new information or future events. Also, during today's call, we'll refer to certain non-GAAP financial measures. Reconciliations of non-GAAP to GAAP measures and certain additional information are included in today's earnings press release, which can be viewed and downloaded from our investor relations website at investors.e2open.com. And with that, we'll begin by turning the call over to our interim CEO, Andrew Appel.
Thanks, Dusty. Welcome, everyone, to the E2 Open fiscal second quarter 2024 earnings call. Before Marie and Greg jump into results, I want to take this opportunity to introduce myself. As all of you learned earlier, the Board has appointed me as interim CEO while they conduct a thorough search to identify E2 Open's next leader. For more than a year, I have served as a member of E2Open's advisory board. And through this work, I have met much of the executive team and have developed a strong understanding of the company's promising growth potential. I am honored that the board of directors has placed their trust in me to lead E2Open at this important time in its company's history. I have spent the last 30 plus years of my career as a strategic operator focused on B2B technology-centric businesses and serving the world's leading corporations on their most complex business challenges. During my 14 years at McKinsey, I advised many of the world's leading companies on both strategy, operations, and technology programs. During my six years at Aon, where I was a named executive officer, I was the CEO of $2 billion-plus divisions, led the operational transformation of the company, and was promoted to be Aon's first ever Chief Operating Officer. During my tenure at Aon, the stock tripled in value. Following Aon, I served as President and CEO of IRI, now CERCANA, where I led a team of dedicated individuals as we transformed IRI from an insights provider to a firm leveraging data technology and prescriptive analytics. This enabled our clients to deliver consistent growth by leveraging our capabilities as a technology-focused big data global company. During this period, revenues nearly tripled and the company's valuation increased significantly. Over the past 14 months, I've had the privilege of serving as a member of E2Open's advisory board, where I was able to interact with management and clients. During that time, I've developed immense respect for the company's people, technology and solutions, as well as introduced its capabilities to a number of major organizations that I had relationships with. As I take this new role, I feel very fortunate to have the opportunity to work with Marie, Greg, and all the other members of the E2Open strong and experienced leadership team. They are a talented group of individuals, each with a track record of success at both E2Open and a variety of other leading companies. They enjoy my strong support as well as the full competence of our board, and I will look to them as an important source of continuity and guidance as I dive into all aspects of the business over the coming weeks and months. Before closing, I want to emphasize that I look forward to meeting the fully to open team, our many customers and partners, and our investment community, and to gathering perspectives and sharing views on how we can best build the company and deliver distinctive products and solutions to clients. I am confident that this company has a very bright future with a committed workforce and an engaged management team that are energized by the progress we could make together. With that, I will turn the call over to my new friend and our Chief Financial Officer, Marie Armstrong.
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