Must-know: Why PayPal is driving eBay's mobile growth PART 3 OF 7
Why eBay Enterprise wants Hayman to drive its revenue growth
eBay Enterprise division helps traditional retailers maintain online shopping sites A couple of months back, eBay (EBAY) appointed Craig Hayman as president of its eBay Enterprise business. Hayman previously held leadership positions at IBM’s (IBM) Industry Cloud Solutions and WebSphere businesses. eBay Enterprise helps traditional retailers develop and maintain online shopping sites. It also provides a variety of services—such as marketing, customer care, and payments processing—to these clients. Some of its clients are iRobot (IRBT), Dicks Sporting Goods (DKS), and RadioShack (RSH).
eBay Enterprise business growth has been slow
In June 2011, eBay acquired GSI Commerce—eBay later named it eBay Enterprise. eBay Enterprise’s revenues grew by 3% from $260 million in the second quarter of 2013 (or 2Q13) to $267 million in 2Q14. This division generated $940 million in gross merchandise sales (or GMS) for its clients, which was up 15% over the same time period. As shown in the chart above, eBay Enterprise’s revenues hasn’t grown much over the last few quarters. Compared to eBay’s overall average revenue growth of 14% for the last few quarters, eBay Enterprise’s revenue growth has been minuscule. So, it’ll be interesting to see if Craig Hayman can grow this business to match the company’s overall growth rates.