Welcome to our dedicated page for Egain news (Ticker: EGAN), a resource for investors and traders seeking the latest updates and insights on Egain stock.
eGain Corporation (EGAN) delivers AI-powered customer engagement solutions through its cloud-based SaaS platform, helping enterprises unify service channels and automate interactions. This news hub provides investors and stakeholders with timely updates on corporate developments, financial performance, and technological innovations.
Access official press releases covering earnings announcements, product enhancements, strategic partnerships, and industry recognition. Our curated collection serves as a reliable resource for tracking eGain's progress in transforming customer service through conversational AI and knowledge management technologies.
Key updates about platform capabilities, client success stories, and market expansion across North America, EMEA, and APAC regions. Bookmark this page for streamlined access to material developments affecting eGain's position in the customer experience software sector.
eGain (Nasdaq: EGAN), a leading AI knowledge platform for customer service, has announced a $20 million increase in its stock repurchase program. This raises the total authorization from $20 million to $40 million. As of May 23, 2024, the company has repurchased approximately $19.3 million worth of shares, allowing for an additional $20.7 million to be repurchased. The program's extension will continue until the full amount is repurchased or the Board decides to terminate it. Repurchases will be made through open market or privately negotiated transactions, and potentially under a Rule 10b5-1 plan. The initiative will be funded by existing cash or future cash flows.
eGain (NASDAQ: EGAN), a leading AI knowledge platform for customer service, has been selected by a Global 50 manufacturing giant to enhance its customer service capabilities. The manufacturer, a leader in the mobility products market, faced challenges with inconsistent customer service answers due to isolated knowledge repositories. Their existing system also lacked features for generative AI and personalization. The company chose eGain Knowledge Hub for its rich content management, knowledge workflows, generative AI for automation, extensive multi-lingual support, and pre-built connectors to Salesforce and Confluence. eGain's no-risk, no-cost Innovation in 30 Days™ pilot offer also appealed to the manufacturer. This solution aims to improve customer self-service and support the manufacturer's global network of dealers and customers.
TELUS International (NYSE and TSX: TIXT) has partnered with eGain (NASDAQ: EGAN) to enhance its Contact Center as a Service (CCaaS) offering. This collaboration integrates the eGain Knowledge Hub™, a comprehensive AI-driven platform for modern knowledge management, into TELUS International’s services.
Key benefits include a 50% reduction in agent training time, a 35% increase in first-contact resolution, and a 70% deflection of agent-assisted service requests. The eGain Knowledge Hub™ unifies content management, AI, search methods, and analytics to deliver accurate answers, boosting customer satisfaction and loyalty.
The partnership aims to provide consistent, positive experiences across live and self-service channels. The modular architecture enables brand-specific customizations, improving agent efficiency and optimizing self-service options.
eGain, a knowledge platform for customer engagement, reported growth in new customer wins fueled by AI technology. Despite lower revenue due to timing issues, the company achieved enhanced profitability and strong cash flow. Financial highlights include total revenue of $22.4 million in Q3, with GAAP net income of $1.5 million. For the full year, eGain expects total revenue of $91.5 million to $91.8 million and GAAP net income of $5.4 million to $6.0 million. Non-GAAP measures show adjusted EBITDA of $2.3 million in Q3.
eGain, a NASDAQ-listed company, announced a webinar on generative AI for customer service, featuring a success story from one of its utility clients. The webinar aims to share insights on how businesses can succeed in leveraging AI technology in customer service. The utility client will discuss how they achieved a five-fold increase in knowledge building and a 98% findability rate for contact center agents using eGain's AI knowledge platform. Attendees can participate in a no-risk, no-cost production pilot to experience Gen AI in action.
eGain (NASDAQ: EGAN) will announce its fiscal 2024 third quarter financial results on May 9, 2024, followed by an investor conference call. The call will be hosted by CEO Ashu Roy and CFO Eric Smit.
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