Top 11 Trending AI News And Wall Street Ratings

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6. eGain Corp. (NASDAQ:EGAN)

Number of Hedge Fund Holders: 6

eGain Corp. (NASDAQ:EGAN) is a cloud-based software firm offering an AI-powered knowledge hub and SaaS-based analytics and customer service application to automate customer engagement and enable businesses to serve clients better across channels like web, mobile, and contact centers.

For Q2, the company’s revenue slid 6% year-over-year (YoY) to $22.4 million, marginally missing consensus estimates of $22.53 million. The GAAP net income was $671,000, or $0.02 per share on a basic and diluted basis, marking a YoY drop from $2.2 million, or $0.07 per share.

“We won several new enterprise logos in the second quarter,” said CEO Ashu Roy. “As a result, our annual recurring revenue from AI Knowledge Hub customers grew by 17% YoY and 5% sequentially. Customer service automation is a strategic focus for AI investment in Global 1000. As a result, we are seeing a growing number of seven-figure ARR deals in our sales pipeline.”

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