Egain Corp Stock Price, News & Analysis

eGain (NASDAQ: EGAN) announced a partnership with a global automaker to enhance customer engagement through unified messaging and automation. The automaker aims to simplify service interactions via digital channels, starting with SMS. eGain's AI-driven customer service functionalities and omnichannel platform, compatible with Cisco WebEx CCE™ and Microsoft Dynamics™ 365, were key factors in the selection. Additionally, eGain will assist in modernizing the automaker's IVR experience, allowing for efficient customer service through chatbot assistance and live chat escalation.

eGain (NASDAQ: EGAN) will report its fiscal 2021 Q1 financial results on November 10, 2020, after market close. The announcement will be followed by an investor conference call at 2:00 p.m. PT (5:00 p.m. ET) with CEO Ashu Roy and CFO Eric Smit. Investors can access the live conference and replay via eGain's website. eGain specializes in omnichannel customer engagement solutions, leveraging AI and analytics to enhance digital transformation for brands.

eGain (NASDAQ: EGAN) has achieved “in process” status on the Federal Risk and Authorization Management Program (FedRAMP) Marketplace. This milestone indicates that eGain is collaborating with the Internal Revenue Service (IRS) to secure FedRAMP Authorization, enabling governments to utilize its cloud-based customer engagement solutions.

The FedRAMP program streamlines the security assessment process for cloud services, allowing government agencies to adopt secure digital solutions. CEO Ashu Roy expressed optimism about enhancing digital transformation for public agencies.

eGain (NASDAQ: EGAN) announced its participation in two investor conferences this September: the D.A. Davidson 19th Annual Virtual Software and Internet Conference on September 9 and the Jefferies Virtual Software Conference on September 15 at 1:30 PM PT. eGain management will hold virtual one-on-one meetings with institutional investors during these events. Interested parties can schedule meetings through the sponsoring firms or MKR Investor Relations. Live webcasts for these presentations are accessible via eGain's investor relations site.

eGain (NASDAQ: EGAN) will announce its fiscal 2020 fourth quarter and full year financial results after market close on September 2, 2020. An investor conference call will follow at 2:00 p.m. PT (5:00 p.m. ET), hosted by CEO Ashu Roy and CFO Eric Smit. Investors can access the live call through a dial-in or via the webcast. eGain provides customer engagement solutions aimed at digital transformation, leveraging AI and analytics to enhance client experiences. For more information, visit egain.com.

eGain (NASDAQ: EGAN) announced that a leading omnichannel retailer is utilizing its self-service solutions to enhance customer experience. Rapid implementation allowed the retailer to quickly expand digital self-service during the pandemic, with eGain's virtual assistant resolving 45% of customer inquiries effectively. The digital-first platform improves efficiency for contact center agents, who adapted with zero training. CEO Ashu Roy emphasized the importance of enabling contactless commerce and delivering quick value through AI-powered solutions.

eGain (NASDAQ: EGAN) announced preliminary financial results for Q4 and fiscal year 2020, highlighting a record SaaS revenue of $15.3 to $15.5 million, a 32% to 34% increase YoY. Total revenue is projected between $18.7 and $19.0 million, up 11% to 13%. GAAP net income is estimated at $1.9 to $2.2 million ($0.06 to $0.07 per share), while non-GAAP net income ranges from $2.4 to $2.7 million ($0.07 to $0.08 per share). Despite uncertain economic conditions due to COVID-19, eGain expresses optimism due to increasing demand for digital customer engagement solutions.

eGain (NASDAQ: EGAN) announced management's participation in the Oppenheimer 23rd Annual Technology, Internet & Communications virtual conference on August 11, 2020, at 1:00 PM ET. They will also hold one-on-one investor meetings on August 11th and 12th. For scheduling, investors can contact their Oppenheimer representative or MKR Investor Relations. A live webcast and replay of the chat will be available on eGain's investor relations website. eGain specializes in customer engagement solutions to enhance digital transformation for leading brands.

eGain (NASDAQ: EGAN) reported that chatbots scored the lowest in customer satisfaction among digital service options during COVID-19. A survey by Dimensional Research revealed that 57% of consumers were frustrated with inconsistent answers from chatbots compared to human agents. Notably, 80% of consumers increased their use of digital customer service channels, particularly among Millennials (92%) and Gen Z (87%). eGain CEO Ashu Roy emphasized the need for chatbots to be easy, smart, and connected to address contact center challenges.