Revenue Growth Acceleration
SaaS revenue, total revenue, and adjusted EBITDA all surpassed guidance. Subscription revenue for the Coveo Core Platform was ahead of guidance, accelerated to 17%, and represented the highest growth rate in nearly 5 quarters.
Generative AI Expansion
Generative AI solutions saw a record quarter with customer and revenue growth of approximately 150% compared to the prior year. The NER for these solutions was more than 150%.
Commerce Segment Success
Commerce was the fastest-growing segment, accounting for nearly 50% of new business bookings, with significant partnerships such as SAP influencing 50% of commerce bookings.
High-Profile Customer Wins
Notable customer wins included Halliburton, Deckers Outdoors, Intermountain Healthcare, and expansions with NVIDIA, Intel, GE, UKG, HP Enterprise, and Freedom Furniture.