EGain climbs on Q4 profit vs year-ago loss

eGain

14/09/2023 23:00

** Shares of software-as-a service provider eGain  EGAN.O 
up more than 10% at $6.95 in extended trading
    ** EGAN posts a profit of $2.6 mln, or 8 cents per share, in
Q4, compared to a net loss of $1.6 mln, or 5 cents per share a
year earlier 
    ** Co's Q4 revenue rises 5% to $24.6 mln
    ** "Generative AI is rejuvenating interest in knowledge
management platforms, and this will drive demand for our
products in fiscal 2024," CEO Ashu Roy says 
    ** EGAN sees total revenue between $96 mln and $98 mln for
fiscal 2024, with adjusted EPS of 33 cents to 35 cents per share
    ** Up to last close, stock down ~30% YTD

 (Reporting by Deborah Sophia in Bengaluru)
 ((DeborahMary.Sophia@thomsonreuters.com))