Thank you, operator, and thank you everyone for joining the first half earnings call for CXAI.
financial an the the overall company. CXAI's XXXX quarter new discuss provide and business to results second for of public Plan update for
now, earnings to has By filed have our been SEC. and XX-Q our the with should everybody announcement access
shared be our website, also will www.cxapp.com. information on This
world of company, the that in assume our with why and The CXAI, next in, to like our for our the role you believe operate the I to the inaugural rapidly call, market I'd expanding disclaimer are take would amazing CXAI to we base, a audience provide positioned dominant gather the X we as glimpse is market your it, we well slides enterprise of to moment review customer a convenience. slides. experiences. into request a Dear shareholders, earnings reasons employee
on enterprise CXAI things. one hybrid of post-pandemic and of leaders digital intersection is biggest the employees, of is customer century, physical providing issues encountering of across the places, platform workplace experiences navigating SaaS CX AI work and transformation challenges. of is single artificial relative workforce, for future enhance globally of people, workplace the every and solutions enterprises looking to both waters unchartered and work the a digital intelligence, anchored in the our and experience, The to find to and and significant world
workplace be information in expectations the to more to Companies with or finding work C-Suite corporate it engage have their to to Employees and back to easy and peers access high productive, the ability from office employees office workspace. better flexibility anywhere. their having comes want tools, want the in and collaborate environment from the when utilize home
also for the as enterprise this, innovation, many when to the at in organizations office. is employees employees should must to rules implemented and a collaboration, work. It hastily to XXXX bridge first answer connections. provide between response be hybrid are not They facilitate companies of their set enough To strategies for reevaluating conversations
hybrid your environment. measure a critical is as happiness mission always well mission be your feel much as from productive in productivity is do Great complex true through as as social That Employee your employee's ability workplace. as engagement of for act and the can the step-by-step simple employee. the experience able campus be you friendship engagement to about the long-term to the has navigation navigate easily Employee coworker work being of the you employer's CrossFit able to a connected been the enterprise the loves to workplace using as something as app's with office to of internal discovered who your as building fully feed.
physical It connectedness office of the transformative experience employees them. now their to the full in includes That X walls and extends the inherent provides solutions life the workplace anywhere. now company lifecycle workplace from beyond successful cultures devices allow work that
user simplified leaning to Our engagement application. work a work Workplace solution easy workday a to provide a full and that single their all employees towards app, configure navigate model. a the more you're experience employee all to options an you your interface, employees stack App tools human-centric your seamlessly allows flexibility When Super with provides in with
managing, other workplaces. app the hybrid of optimizing help flip Super office usage, a employers with the provide On dashboard, that can refining, sensor key mobile side, even metrics the and Workplace and a occupancy, app activity, health
the looking successful also that truly and holistic piecemeal are Leaders hybrid to to will not of the solve approach but problems work organizations experience. not employee now of understand only solutions be that enhance a implement logistical hybrid work,
the employee the corporate of real XX% Improving Gartner. number to going X estate leaders. for are fact, experience In is priority
working management, needs a to communications, given converging and relative wisdom positioned asset virtual dynamics of model, the mostly enterprise by the facilities the that physical and shift will office CXAI significant organizations. of other stands to rapid nearly has To need adaptable digital and a the the a for among a trend host XXXX needs. from workplace of tools onsite to hybrid ongoing transformation collaboration, Workplace shape that physical management, organization are a working have their return to category all the to growth, changing industry's in experience Fuel company can digital lead to remote gap of solidified make uniquely management landscape bridge and model elegantly the
offering The we platform solution bring we So let we is anchored me about the to the solution. talk think AI, about platform. full comprehensive all capabilities on AI, table. when CXAI the think a marketplace The stack technology most about CXAI the and
technology XX the XX based industry. platform establishes with runner, a them in granted. also a of not This on technological already intellectual state-of-the-art file Our substantial our as as front secures a is patents position pioneer only company property but
user have UI differentiated customizable allows intuitive bottom the we UX. interface stack, and that experiences CS On for user an
support web for and Android, have We platforms. iOS, app
indoors, We cloud on accurate allows all that as for secure hosting, providers have app collection navigation advanced device we mapping positioning major as an support for and well for and solution analytics. data ODP. And
of real the digital AI upcoming seamless way reality systems management of customer their on users use global rich provides myriad our needs run navigate that tailored On from stack, Generative integration dashboards workflow the our and we diversified transforms enterprise. the interact of augmented our with for application to solutions data based the data customers AI the and have experiences world automating analytics base. AI the full Content enterprise the environment. and meet with cases the that sets
plus environment. a well all their as hundred our their functions with X under also entire umbrella, We solutions customers enterprise more full into third-party that than visibility integrate as provide workplace
these the powerful and into As integrated platform. part of we new technologies a transaction, all CXAI have simplified
culture of restructuring, positivity. with values, organization the new passion, in The costs to company G&A focused XX% core completed purpose, be streamlining is results also massive and innovation We've oriented and saving driven. and action over X the
the experiences leading a regional in Asia work Bay and edge Canada. area shape where as in Southeast we headquartered and of us are diversity San The gives everywhere. hubs Francisco the presence future global tech We of
primary across as navigation, cloud is business collaboration, an customers with we being normally communications. internal use enterprise periods. deploy of for our desk/room their software ordering, connect employees for X-year sell hosted that annual subscription workplace platform SaaS to campuses a customers and a Our to myriad cases, food examples The their allow booking, enterprise to
into customers X financial large are enterprise mainly and consumer. technology, Our media falling verticals, the and services, entertainment, healthcare top divided
leading are the world the to of proud of logos as at of workplace transformation. edge the some the largest We are have customers our that
distribution we developing the into and the healthy verticals, XXX all adoption companies sector have We focused across portfolios. Fortune trend see from technology larger
do solutions technology security, scalability, customers quality, sophisticated and Our of not reliability, compromise technology roadmap. are performance, buyers on and
we their a in Our deploy across regions. with year experience dozen that deployed Today enterprise solution X customers within customers U.S. in or we of Certainly, than set XX the across force typically we power testament and geographic our a globally our start direct XXX the so. all campuses in the companies. equally small able an have sales base platform to with only campuses XXX to It's been all a XX a of which to workplace of with go campus of countries, XX existing diversified Fortune have have deployment over of customers, more cities
aligned. along have To navigate connected and amenities, to and wisdom days customers experience their the workplace, of fully, has approach enhance keep workplace and is access planned to super of employees tool attend workplace occupancy plan further help the them solution, make holistic Pinterest of our centralized to of Pinterest as part to we're Pinterest, informed deeply global to best One management our workplace, find to customers. XX top top application they and to with employees the colleagues of as deployed communications integrate campuses solution our a their the the X excited have the sensors a leveraging
like that structure been by serve customers new increased results June XXXX. bookings which of expansions the the quarter, key of previous in remind we the true XX, between we April move this QX, following customers. of as The contracting discussing the first record baseline will bookings the combination as for CXAI. from We of has the financial As to to audience new business QX the well quarter existing we the as with XX% accomplished should our a growth sales highlight over included Xst to results new
the have large We or to our customers, execute X to effort to plans. acquire scale which hundreds deployments quality focus our demonstrate Fortune with as ones X limited and added initial the we new XXX of customers also campuses have from additional grow to These potential. customers potential of
a rigorous evaluated in diligence was of QX of the largest where worst financial after space. one the selected multiple Another by highlight organizations process being vendors the customer due
ultimately in value-based awarded contract parallel, deployment. large expansions for subscription applications. the a first potential initial launched In revenue as the term we were We for X-year
Our will was for which is our an increase attractive the that gross potentially figure XX%, revenues margin subscription quarter increase. as
accelerate to company's contributor balance with our optimized to XX% structure the business. structure our growing our of expand, cost XX% prior as subscription a base. continues revenues to land to CXAI net positioned customer healthy acquisition the scale with strategy operating the to have to our growth the cost a With operation well previous new sheet, initiatives be the also existing from We reduction expense and and compared quarter.
a horizon. of campuses land additional expand and campuses having in with campuses, and our by since entertainment starting grown over contracted deployed X with on been has being globally example this fueled enhancements media X be and XX% the subscription strategy, from an clients over growth by revenues As initially of to potential to has contracted product now XX footprint growing XXXX,
growth provider revenues came other included a customers. one-time manufacturer. notable next to period year-over-year deliberate we subscription a example global existing a based move and services express believe and add-on expansion away a revenues same from subscriber the and focused revenues from represents revenues. or growing insurance We in new and Other to one-time auto XX% revenue This and generation representative strategy this is decreased compared from XXXX. customers nearly to can existing Professional that
SaaS the strategy into future, we automate revenues go-to-market and this our further to for Moving accelerate subscription delivery. platform refocus, to and innovation continue product shift
have our XX% year. recurring business was revenue customer retention, subscription teams the been value-based more on from expansion, of of XX% focus restructured than align increase last and Organizationally, goals to an acquisition. revenue with total to overall Our based new have
service large office and XXX financial this engagement momentum called With customer industries regulated paramount well quarter, to with collaboration industry the a momentum Fortune from coming RTLS being return or as wins our for as we're the gaining enterprise as sector, we in a see is enhanced X in the gathering success.
the CXAI The for AI The AI into category knowledge is routine workplace. new foundational AI generate AI overall are developing layers, to anchored employee and the by experiences these the core everywhere. workplace AI we X applications. is AI applications. on AI infrastructure, is horizontal will levels enhance developing and all fundamentally to automating of economy the become productivity native the will powered believe and experience tools leading vertical business in platform transformational models, norm AI and transformation category workforce We AI the new applications create of tasks and efficiency.
With And dynamic augmented their for for tasks, and preferences, collaborate and faster. have reality save a lastly, optimized the where retention. a for employee new employees engagement employee create and and twin digital increase tools engagement as critical is precious innovate satisfaction. having we create teams ability live the employees more and data priorities a as tools enhanced world workflow we can as work-life in they lifestyle model job Personalization like well flexible balance time conflicting new effectively, create of visualization a and to
workplace using Our built software strong on and solution millions data as and the device technology, data full models experience well dashboards enterprise time spatial awareness era app. creating the provides These environment. indoor points rich as personalize on of contextual to creates our tools for new as being at are of of the workplace analytics the which well the opportunity the foundation intelligence, same of super as we positioning from define the our the as data critical sets collection that mapping are AI stack
enterprise create Western customers within are why I'm AI going one to current the right today, key data to which VC the This are that by well access you and for talk noted a creating leading find your our applications biggest about to the ingredients critical reinforces applications. information information edge our facing AI the assets we AI in where do problems software and leading of are enterprise? quote is
employees coworkers XX% knowledge similar of perform the in data effectively average spends data We for And worker that systems. why time they search transformation. there's slack? their shows SharePoint answers struggle also Gartner critical employees to jobs. find for teams to the A states of find what XX% surveyed ask of The report of searching XX% needed workplace to information believe is or from age data in their help that for super and find can't new
and I'm revolutionary an will solution based Eliminating information organization the that that secure, CXAI CXAI engine unique of is that we entire creating oriented. data, or and are super this fast, the data call needs. federal excited enterprise customer of regardless Sky search including swiftly the specific the and right offers scalable, launch and search and the across tools answers, within way the organization's a recovers to about new results The AI operates. a indexes like organizational answer platform game tailored organization. changing location meet application to AI intuitive, subscriptions, transform silos delivers an is permissioned the This dependable, search platform
it The like utilize and help. results always having over colleague, continue a learning on with ready assistant, the feels platform reinforcement time. to improve refine search And always well-informed to
on always employee to empower cutting transform been solutions to Our how will excited users this I'm focus edge delivering has experience. and see
and this and be couple playing we we customer We to with months base, super have our launch excited finding whole to technology to last it the platform. super are for this been intuitive, interesting, are
next the so And for around look Search. Sky out thing
slide you to do want of conclude to or CXAI call why final our Sky. invest in by my going I'm
leading are with shaping category technology new solutions edge We employee defining a enterprise software future of that experiences. work the are in
sectors Sky that record and scale And and track leadership have up transformations. amazing most we're industry We we take AI of Sky for a have to major all next globally an beyond. customer board our massive generation platform. the the base with ready diversified importantly, across ready has And leading team to
look call. forward Thank you you and to next operator. everybody Back earnings to the