CXApp Inc (NASDAQ: CXAI), the global technology leader in employee workplace experiences, has announced strong financial results for the third quarter of 2023. The company’s SaaS platform, CXAI, which combines customer experience (CX) and artificial intelligence (AI), has been instrumental in driving digital transformation in the workplace, enhancing experiences for employees across various aspects of their work lives.
Under the leadership of Khurram Sheikh, Chairman and CEO of CXApp, the company has experienced a double-digit increase in annual recurring revenue (ARR) since the end of last year. This growth can be attributed to the land & expand strategy, which focuses on expanding subscription revenues within the existing customer base.
CXApp’s commitment to delivering cutting-edge solutions has positioned them as a pioneer in shaping the future of work. The CXAI platform, along with its new AI applications, is set to further revolutionize employee experiences in the workplace.
Sheikh expressed his excitement about the progress made this quarter and the company’s mission to define a new category in enterprise software: Employee Experiences. With a globally diversified customer base comprising major Fortune 500 companies in various sectors, CXApp is poised for massive scale-up with its next-generation AI platform.
CXApp plans to reveal more details about the CXAI Platform in December, showcasing the innovative technology and its potential to transform employee experiences.
About CXApp Inc
Headquartered in Palo Alto, CA, CXApp Inc is a global technology leader specializing in employee workplace experiences. Its CXAI SaaS platform leverages the power of CX and AI to drive digital transformation and enhance experiences across people, places, and things. CXApp’s clientele includes major Fortune 500 companies in the technology, financial services, consumer, healthcare, and media entertainment verticals.
Disclaimer: This press release serves for informational purposes only and does not constitute an offer to purchase or sell securities. Securities shall not be sold, issued, or transferred in any jurisdiction contrary to applicable law.
Forward-Looking Statements
This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These statements reflect the expectations, estimates, and projections of CXApp Inc, but actual results may differ from those anticipated. Factors that could cause such differences include the impact of the COVID-19 pandemic, changes in consumer preferences, applicable laws, and regulations, as well as the availability and competition for business expansion opportunities. CXApp Inc cautions readers not to place undue reliance on these forward-looking statements, which represent its assessments as of the date of this communication.
Source: CXApp Inc
