Canada · Delayed Price · Currency is CAD Coveo Solutions Earnings Call Transcripts
Fiscal Year 2026
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Record Q3 with revenue and bookings above guidance, driven by strong growth in commerce and generative AI, major new contracts, and expanding partnerships. Full-year guidance raised to the high end, with robust margins, strong cash position, and continued focus on disciplined execution.
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Revenue and SaaS growth accelerated, driven by generative AI and commerce, with key wins and expansions among major enterprises. Guidance was adjusted lower due to a Salesforce contract renewal, but core metrics and cash position remain strong.
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Strongest Q1 bookings ever, with SaaS revenue up 12% and core platform up 16% year-over-year. Generative AI drove 50% of bookings, SAP partnership expanded, and commerce bookings grew 60%. Guidance reaffirmed for 20% growth by year-end and break-even EBITDA.
Fiscal Year 2025
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Record Q4 and full-year results with strong SaaS and total revenue growth, robust cash flow, and accelerating bookings. Commerce and knowledge segments led growth, with major partnerships and high customer retention. Guidance points to continued revenue and ARR acceleration in 2026.
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Third quarter results exceeded guidance with strong SaaS and total revenue growth, record new bookings, and robust momentum in generative AI and commerce. Leadership transitions and deepening partnerships position the company for continued growth and innovation.
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Second quarter results exceeded guidance, driven by strong SaaS subscription growth, new customer momentum, and expanded partnerships with major platforms. Guidance for fiscal 2025 is maintained, with continued investment in innovation and partner channels expected to drive growth.
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Revenue and profitability exceeded guidance, driven by strong AI adoption and enterprise wins. SaaS subscription revenue grew 12% year-over-year, with positive cash flow and robust margins. Outlook remains positive, with continued investment in core platform and partnerships fueling growth.
Fiscal Year 2024
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The company leverages deep AI expertise to deliver measurable ROI for large enterprises, with a focus on customer service and e-commerce. Strategic partnerships and a disciplined financial approach support growth, while new sales structures and generative AI upsells target expanded revenue opportunities.
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Q4 and FY24 results exceeded guidance, with strong SaaS growth, positive adjusted EBITDA, and record pipeline activity. Fiscal 2025 guidance anticipates continued core platform growth, further Qubit churn, and stronger second-half performance as generative AI adoption accelerates.