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Stock impact report

eGain Reports Continued Momentum in New Logo Wins Driven by AI Knowledge Offering [Yahoo! Finance]

eGain Corporation (EGAN) 
Last egain corporation earnings: 2/6 04:05 pm Check Earnings Report
US:NASDAQ Investor Relations: egain.com/company/investors
Company Research Source: Yahoo! Finance
“Our new knowledge customer win momentum continued this quarter, including a U.S. megabank,” said Ashu Roy, eGain's CEO. “Through the first nine months of the year, our new logo acquisition has grown 50% - year over year - thanks to AssistGPT™, our novel AI solution to efficiently automate knowledge for customer service. Although our total revenue fell short of expectations due to the timing of revenue recognition from our Cisco OEM agreement, we achieved another quarter of enhanced profitability and solid operating cash flow.” Fiscal 2024 Third Quarter Financial Highlights Total revenue was $22.4 million, down 3% year over year. GAAP net income was $1.5 million, or $0.05 per share on a basic and diluted basis, compared to a GAAP net loss of $372,000, or $0.01 per share on a basic and diluted basis, in Q3 2023. Non-GAAP net income was $2.6 million, or $0.08 per share on a basic and diluted basis, compared to a non-GAAP net income of $1.1 million, or $0.03 per share on a basic Show less Read more
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