Positive Revenue and Profitability Ahead of Estimates
First quarter revenue and profitability were ahead of consensus estimates, with significant year-over-year growth in new bookings.
Strong Momentum in AI Knowledge Business
ARR for AI Knowledge customers increased 16% year-over-year, showing strong momentum and stabilization in the customer base.
Exciting New Market Entries
eGain signed new clients in growth areas like field service and gaming, expanding the use of their AI Knowledge Hub.
New Product Launch: eGain AI Agent
Announced the eGain AI Agent, a conversational self-service solution, expected to drive significant customer self-service adoption.
Strong Financial Position
Total cash and cash equivalents at the end of the quarter were $67.2 million, with a share repurchase program ongoing.