| Over a month ago | ||||
eGain has been approved… eGain has been approved as a supplier on Crown Commercial Service's - CCS - G-Cloud Framework. CCS supports the public sector to achieve maximum commercial value when procuring common goods and services. The UK Government G-Cloud is an initiative that aims to make it easy for UK public sector organisations to procure cloud-based IT products and services. The G-Cloud framework lists cloud-based suppliers and solution providers, which meet the UK Government's stringent requirements for privacy, security, and scalability. | ||||
Sees FY23 revenue… Sees FY23 revenue $100M-$102M, consensus $102.36M. | ||||
Sees Q2 revenue… Sees Q2 revenue $25M-$25.4M, consensus $25.18M. | ||||
Reports Q1 revenue… Reports Q1 revenue $24.8M, consensus $24.21M. "We delivered record revenue and top and bottom-line results that exceeded our guidance and street consensus," said Ashu Roy, eGain's CEO. "Inbound interest and market demand remain high for our industry-leading Knowledge Hub, as businesses continue to invest in improving agent experience and customer satisfaction technologies. We are building a healthy new business pipeline, but in the current economic environment we see sales cycles lengthening, accordingly we are optimizing our growth and profitability targets for full year fiscal 2023 guidance. We remain excited about the tremendous market opportunity. As such, we are announcing a $20 million stock repurchase plan. Given our strong balance sheet and positive cash flow, we have sufficient reserves to invest in our long-term growth." | ||||
| Over a quarter ago | ||||
Craig-Hallum analyst Jeff… Craig-Hallum analyst Jeff Van Rhee lowered the firm's price target on eGain to $14 from $18 and keeps a Buy rating on the shares. Q2 results beat modestly on the top line and by 6c on the bottom line, Van Rhee tells investors in a research note. The analyst notes that forward guidance will get scrutiny as it calls for 13.5% constant currency top line growth at the mid-point, versus the 15%-20% the team had said to expect in the near- to intermediate-term. | ||||
Sees FY23 revenue… Sees FY23 revenue $101M-$103M, consensus $107.19M. | ||||
Sees Q1 revenue… Sees Q1 revenue $24M-$24.5M, consensus $24.97M. | ||||
Reports Q4 revenue… Reports Q4 revenue $23.5M, consensus $23.41M. "We finished the year strong, delivering top and bottom-line results ahead of our guidance and street consensus," said Ashu Roy, eGain's CEO. "Demand for our knowledge powered customer engagement offering is robust and we are well positioned to continue our positive momentum and grow our market share in our new fiscal year. During the year, we generated over $8 million in cash from operations, strengthening our balance sheet while also investing in product, sales and marketing to drive continued revenue growth." | ||||
eGain (EGAN) announced… eGain (EGAN) announced the availability of a pre-built connector for IBM (IBM) Watson Assistant. The connector leverages eGain's BYOB - Bring Your Own Bot - architecture, allowing business users to easily plug in the Watson Assistant into the eGain platform with no coding. The eGain Connector for Watson Assistant aims to improve customer, agent, and business experiences. | ||||
Sees Q4 revenue… Sees Q4 revenue $23.6M-24M, consensus $23.79M | ||||
