Profitability Exceeded Projections
eGain exceeded its profitability projections and delivered solid operating cash flow for the third quarter.
Major Deal Secured with US Mega Bank
eGain secured one of its largest deals with a US mega bank, expanding its AI knowledge platform to over 100,000 users across the bank's largest business unit.
Launch of eGain AI Agent for Contact Center
eGain launched a new AI Agent for Contact Centers, which has been well-received and is being rolled out by existing banking clients.
Recognition as a Leader by Gartner
eGain was rated a leader in Gartner's emerging market quadrant for generative AI knowledge management apps.
Increased R&D Investment
eGain increased R&D spending by 15% year-over-year to capitalize on emerging market opportunities.
Strong Cash Flow and Share Repurchase
Generated $2.2 million in cash flow from operations and repurchased 895,000 shares for $5 million.