Recent CXAI transcripts
Associated CXAI filings
Khurram Sheikh | executive |
Good afternoon, and welcome to the CXAI Q1 2024 Earnings Conference Call. [Operator Instructions] And now I would like to turn the conference call over to Mr. Khurram Sheikh, Chairman and CEO of CXApp Inc. Please go ahead, sir.
Thank you, operator, and thank you, everyone, for joining the quarterly earnings call for CXAI. CXAI's for discuss of first to XXXX. plan financial the results quarter I provide update employee overall in will an I also business technology. future work, AI shaping of on including using transformative experiences the progress our By now, our announcement Cloud. in well as launch access our product with earnings new PR as collaboration should everyone have to Google shortly. also filing be our We'll annual XX-K for XXXX
slides. now a also All found on disclaimer And information couple www.cxapp.com. through go will be I'm this to of website, going of our
together You your the the to and put else a and lies I'm can at the our we made first our powerful what the yet do shareholders, incredible employee simple first get read interplay And we'll and have need share of We're in people them about places think leisure. doing.Dear the XXXX of to follows. two. where this it's using about how seamless redefines life It's slide the company everything about super we belief, At shaping opportunity do heart come CXAI And technology. results here. the progress work. the QX the about this about latest work, we work not excited we're future super and it, the the AI succeed. CXAI and the who between excited things just they all to they
as a quarter. you give me this a little are quick company let now where So of snapshot we
at we experiences are staff the same future company. world, We AI-first Bay as of as multibillion-dollar is software, industry. super of platform XX us on Of workplace we have patterns employees call as but of experience substantial the are operation edge employee over gives Sky, shape the to the establishes we're filed intellectual This a already as with changing CXAI company developed AI front-runner, not scale believe to we Silicon everywhere. This XX creating XX leading granted. business hubs team -- the growing be are with the diversity only work as is to overall platform a headquartered and in also next this category of engineers, engineering We X/X last AI and the an enterprise like Cloud them presence we reducing time and software the based globally.The in operating market, our San been and Francisco collaboration center than experiences. CXAI in in the the with efficiently. global property in a year new The secures our tech pioneer technological at the Area excited the expenses the more tech CXAI a members regional partnering Google as has level. the companies leading doubled ecosystem course in Valley, and with we we're are
than with see compliance. security of have – are -- so they because have as the XX reason We the one leading new for leading are many more of workplace is of they to deployments logos that see we us business that key edge customers They are their And and the credentials CXAI of XXXX some are day. of who use our know is and with trust can with world they their industries. largest the as the we with chart, the data regulated enterprise the logos globally on edge compliance And from transformation, differentiators that Fortune companies security and globally. you us every you have scaling our proud strong us
business. of we've from deployed, future we're work XXX-plus in scale we're we're cities, now grown look to shaping last this you countries, the If our globally presentation, as XX we
the things. driving has people, of our talk statement, platform. workspaces public our me across transformation platform been customer we AI, last a and last model us, providing talked and for as anchored enhanced let year. The artificial mission been of been of saying really the a digital as on places journey technology CX intelligence, And mission is that our on took journey CXAI of has about for now is company which call, you That since experiences So intersection transformation know, we the we've business our experience, transformation. our and what's and through
our the model is leverage Our what's for in sustainable and XXXX experience the AI, personalize to CXAI at provide see is experience. scale more SuperApp. that a revenue long-term driving work Ultimately, technology plus experience, data-driven a well us The the valuable through leveraging the automate all work win-win both provide tasks insight as empowers positions with to innovation. unified customers you our platform from our on it's benefit workplace software shift while for can productive our stream, recurring that that state-of-the-art, as growth. user and customers. platform platform deliver We By and transition customers. the scalability AI, CXAI towards efficiency this capabilities gain anchored And engaging and we
proud we possible very today. So, number made initiatives delivered has chart, the business at as say started you have side. look the I'm of as well team and side as both this you can at trajectory this the where to where that a the see on on of we're technical
pricing, of their really of they the look of SaaS core net services to which it's that's at business. scaling More this finally, importantly, adopting micro are with customers a with the is as on offering. resonating customers And strategy platform and data our analytics our based value-based
model And employee we Board AI, think about and think raising business AI-first leaders we are because to the all and and SuperApp, XXXX we key streamlining So, the productivity. do consolidating going really what focus Work mobile-first thought it revolutionized forward. segment. I we workflows, when company moving tools we experience of We technology since employee our really in experiences, about in AI. focused we the the was the in the that boosting flag that -- about When discussed on efficiency have that are what on initial the are the that objectives
goes in automation. reducing basic approach work experience employee to of collaboration, key and It promoting friction personalized an beyond for designed engagement, and is AI-powered productivity. create intuitive Our affinity factors driving
been ]. that's our So first [ case
model as Let's get right. I'll business later technology this AI-first about talk that well. And
want set customers key This growth in is and making we're been NRR, of our in to largest the XXX initiative, have great we XXXX, and ] with a results. up a us. and of because stepped those That customers has been with of a new grow a had Fortune lot has this Secondly, build scale. of and in customers down existing to we that progress, as lot you see customers doubled QX these [
key platform Thirdly, on Fortune we first is we're AI-first, built The it's customers our track wanted XXXX new CXAI really to to on deploying this launched platform customers. the going well. CXAI have our and summer
for to achievement. And later, very then has the been AI-based but have on what revolutionary of talk is So that. it that strategic Google a our a consult really collaboration announced today analytics achievement with is launched with Cloud, we about more key been we a this it's product. least, but And proud lot in partnership. product. This focused not team. going And last I'm
working this Google And in and the then, of with with our best quarter, You with saw progress made in in month we also are since workplace experience first them, Valley last launching capability the world, broader rapid we bring announcement technologists actually and the product ecosystem to market. but the brightest April. AI the terms and partners last to with Silicon
I'm is for the experiences. of in creating first really to us we're a making So, strides in that the excited category-leading That this segment employee lot market.
ask, the from are solution, key key is of may is what what rest you experiences. about lot us a -- the people solution AI So, have because of talking that the parts the been the what differentiates
user Let [ CX to features me and AI. the about for the talk can These power we ] the employee them. and or a solution. at of that across This about are life of experience day intersection the do you an think employee what is
is employee experiential into CXAI, The we're first of core data derive the that going presentation. utilization making about decisions a And a to is this the of in to talk measuring use component AI emphasizing one the workspace value of most one, and and insight productivity. as important lot as The engagement AI analytics. well later
globally The second course, and workplace deployed integrates pillar, locations. mobile-first approach functionalities, to of This of workspace unified a on we've platform CXAI's workplace hundreds with which in of that SuperApp, already is technology. emphasis central tens deployed a also various reflecting is customers our
CXAI simple way within it convenience by interactions CXAI's on of as meetings on well voice scheduling and as year, features well contextual duties, both other intelligence. technologies, and is driving and for search augmentation. implementing side awareness. enabling command the the streamlines finally, our there. like the back-end focusing differentiate on-demand key GenAI out Our tasks the and last been any Generative And location-based enhancing spaces part efficiency personalization is side. administrative spatial activated as optimizing right discovery. now Everyone's among like we That's about as boost in workplace This knowledge differentiator that's the the AI. talking technology employees providing for platform, for and we're AI Generative physical stack, front-end to with and productivity and This text efficiency booking engine actually key
coming a You're the cornerstone CXAI applications company. platform, launch of the is growth differentiation going but the to the months for these this and more in the full we of the lot see as
important reason So, is enterprise? relevant side, The has business let the world the this why Why this dramatically me terms it's is The in of or world so talk the changed an is why to about how modern really operates. workforce changed. from from the customer has side important?
a a at led catalyst that.The the a transformational SuperApp, that the seamlessly CXAI in redefining universe. are by to is to possibilities for center it professionally. where means set [ now. and whole productive, work for for being not bounds. here. CXAI, The potential future CXAI a not It what enabling are the a at of our is the and so, as doing transformation. and employees be dependent. When workforce. Businesses place look just it's center The this engaged is happening you the focused no intelligent fulfilled truly ], platform is of efficient, collaborative endless Society work and with future employee In knows a integrated CXAI employ they stage engaged experiences. It's is and life is work technologies of space future at more with personalization employees augmented Octagon on future blended, of unlock be
industry And life. we navigation, primary platform us].Now [indiscernible] our and built to those our a annual in in creating AI and internal deploy to flywheel to engagement, allow anchored this customers. that offerings [ the myriad of collaboration, driving employees platform campuses who great collaboration that their our to have to as are intelligence. that employers being first technology X And an of employer-employee our for to examples it both of solution believers relationship. customers grounds-up, affinity for for enterprise as use to customers across have cases, SaaS for to to artificial the transformative solutions business create their the We've work We sell leading is problems customers productivity, the navigate a effect years. as room been they in and connect on future to is now we a be immense our offer massively workplace subscription work, food are guest Today, enterprise solves cloud-hosted the strong booking, and scalable communications. automating workflows, X with enabling their ordering software employees
customers are and mainly media financial care large and technology, following into X entertainment, top Our enterprise services, health verticals: divided consumer.
of crowds of our that the largest at as the world the of workspace are We the edge leading logos some transformation. have customers
the developing technology healthy XXX a see have larger from sector-focused portfolio. companies the distribution across to all We adoption trend Fortune we verticals, and
performance, quality, sophisticated are and solutions of on not customers of and Our reliability, map. do course, scalability security, technology road technology buyers compromise
in can the work are data you'll sets productive with We're increasing their you kept also very are increasing immense helping analytics as we've affinity, be working that more see, that their driving value see the is platform We're aspects on the of platform. the that immense closely CXAI So, them in that them adopting technology the platform. logos experience. different
financial of about overview we the side. accomplished product So at, that's quarter. like are doing overall kind talk me things what and we've this an where But let results of from we're and of a business
key demonstrating several highlights our from metrics So, year. continued QX this last slide momentum in
largest now is million, platform are ARR we're so to scale-up. as looking Between XXXX, happy going and And the a accomplished Let's In about net that's the take X our portfolio, of had renewals, all talk in market north closer scale a Fortune each signals ready these that. annual rate, March because which of customers part very, XXX%. the the up for retention record these by large customers VU, renewing, platform important metrics. our now expanding to very that and increase primarily These platform to. That of next-generation at which at a they across NRR XXXX CXAI happy ARR are X of was that with CXAI X to renewals customers we this verticals. XX, the January the to the analytics is look also we're $X significant are very want
SaaS high metric has for a subscription-based And of X the happy other from points work been the is was important business that total business and provide the done which quarter revenue way of The working after then we've report This recurring our the a revenue. last traditionally been doing this to the is highest a using subscription in revenue work marked customers which has because metric onetime the our project solutions on get the this subscription-based quarter achieving quarter XX% AI and work, the more and but trending history, this been planning of to really in ever for our I'm terms number, quarter, -- in increased revenue, quarter. upward hard I'm to us proud automating in value-based minimizing the to manual of of with solutions, has tasks really helped really those team that. technology
ARR, onetime inching for upward trending right all increasing and the new This quarter, product a from we a in in a QX the much is profitability tied gross strategy, towards XX% our revenue, growing metric business expand we're And headcount land we're to contributor cost more value super The CXAI and 'XX. gross done all getting direction, the which revenues that our VU was And margin. continues XX% rationalization been lower product all driven with our is up part our margin. base. optimizing are for subscription looking to quarters revenue, sense, it's investments of in plan the QX that. which part higher up did with also of and late by the that we've to ramp with gross the scale which up. AI margin to creating in up existing of we resulting be really focused leveraging expense as the cost subscription QX, and these of for focused we're And net offering, that previous We're NRR The operating reduction -- investors. this the the structure. other expansions, operational is was than really on and our 'XX and key we've north been will this really company structure, of and analytics to lastly, the on fact the we're in increase the QX XXXX customer which And also less really for getting to
value right. bookings, on I'm and strong ] [ customer Looking platform continuously our customer will drive acquisition sustainable the confident ahead, expanded CXAI We're base. revenue increasing suppression innovating to very committed focus to that growth. our All ARR delivering and
quarter. So information this financial that's our for
VU announcing the you has seen new Skyview. hit exciting as it Let have press probably we pronounce CXAI announcement the me about and that talk
lots it's general been an want customers are So, what providing this great environment it's at done proud in revolutionary for want experience. with effort. of to CXAI is now we Cloud and extension to beta really the is VU us revolutionizing in the of commend workplace It world's out, at QX who availability.And us in working the VU running. CXAI the AI-based efficiency launch with up team for and the in day this It's really So, our in day the end employee platform this first is really platform the analytics actionable actually platform. And this. insights, I does terms platform enable been collaboration of of of CXAI we're and engagement, by work do? we've to work the speed supported Google employee It the platform measuring area, driving productivity. breakneck getting And and that's
thing interaction and trace flavor the pretty behavior, engagement it, we interesting out users resource let people that how of gives the of allocation doing means the VU enterprise a first our from and use which infrastructure working. closely gain insights how driven drive that data, is the and instrumental user is with that you they really our assets of little to allows worked are piece corporate a technology of really that tells also, what with And kind The And heat CXAI productivity. workplace? historical valuable that's in important optimization, usage And maps profile building platform, will on are good playing space business the integrations and the use next with efficient utilization and the of workplace key which planning you what is space what platform, those thing So towards function people app The this with tool becomes give including came application we that a workspaces can year which utilized most key we with really to of there. our optimizing by you last analytics over the customers. attributes actually understand on. spatial in and platform is lot providing in the focus trends, me customers the
This of importantly, the And use enterprise. workplace about better?And that manager the to is cool with reimagines to view the an More of from really together, all that the what this from provides driving people user of kind manager we interface. the your things our you show these view we're make as thing actually IT dashboards, can when really The analytics own who really enterprise our platform. can even data this HR is that. predictive these information see the and is analytics. get pieces are is it's wanted But we really happening manager look to KPIs create our it you comprehensive a easy this makes experience at cornerstone like data really by intuitive app, very is what or of data space manager, slide and least, customizable which very going you what is not life to a key well X for decide -- predictions what quick but as for pillars part decide I'm driven. the with outcomes, of and tool the make dashboard do -- and of whole are to really by real app. a And last the the this enterprise driven actual most integrations getting doing an with we customers value
me about platform. examples bit let this a So on talk of little some
you platform, enter a view world. you you chart show the of campuses experience. This you this the the a global bit So, of little when the global the shows first around work view get will
things what or view of utilized, we are utilization the happened, enterprise things that world. region in months as trend spaces is see in what So, are forward, years whether as what's the what of the allow markets happening one good your tip or you the gives been change really workspace important very different regions this many different see have in about of in what New of the you you analysis world, different is bookings And you the what have or you're out line to you're Dubai [ most different you ability what the of a can happening how functions can can of locations.So, a see kind between L.A. gives the manager you're in have to well Singapore data scroll technical is filter there. right? them, is, sets And in or view you happening, fingertips, one data, actually optimization ] per as different their or we to York, you bookings to different point, the to the From the move insights. give in the talk different of sky and
those a and is engagement. allows that assets a really gives tool next And really part productivity and The to workplace is efficiency this optimization exciting experience So, assets. drive of of drive this manager their employee we where workplace a are to it will important whereas yourself the manager, can so gets see optimize solution very workplace or actually things you that exciting and as you. experience and manager -- profile what
can organization. are You events different in happening places your what understand at
Mission-critical This are matters customers the make getting is are a spot, the our this actually using of being at what a see that the gives is people locker? get what features doing amenities can what is they offer and reasonable what you is using. our out, find the for them, largest mission-critical is offer?So, of they integrations And Are you the are view really doing, that who's service in holistic trends in food you using who's to to to a coming understanding time, are to it, using or ordering using home doing, lunch other a what mission-critical important. are really why on they Are are You they're driven time. office they terms every what's parking it And app mission-critical. day. are they app most things in, coming your of what's to now demos of mission-critical who by going as productive. all with see we're wrong, piece, data-driven points happening get opinions we to and and faster, some simply play is do is right, for they better work to is what this you because The you'll on the And done if is to on tool, right? what tell exactly going can goes get what's what's the mission-critical we next terms why them are how liking, This that not they awesome. chart now to And what can And cheaper. calls, more friction launch liking, users, this the intuitive that next our this that our we to way. fact it this my providing in have with on market you customers nature. powerful are working
real can things. actually critical You understand what get data the sets are to
You compare sets can between data locations. different
decide people what actually product, how they're the this many work insights. data-driven. the in data function, being can how are are many fusing together many using know some You meaning how you And coming are all people actually create the insight, once can you fuse the that give is more using users data where also productive using, of actually that you people to actionable that active office, it, into and are actionable will
clearly predictive engagement. on And there's different the are way, whose got the dashboard, enhance very better no in about employer we the is has talk campus the the create their where workspace lots and all create show site to dashboards, talk employee So is People really of the own to really amenities, also it this about that the interactive improve, will hands lastly, up in opinions thought optimize, which of how analytics. to way they better decisions stuff or we've but it to on to all about the your want of to own decide make just is whose dashboards.
solution been question can answer native predictive and most do what and ask could the on that you dashboards questions latest else all the using for these there experience. these capabilities, gives really in insights see analytic We're user information. relevant these really a And is else have we're asking that an this creating ready on models You estimate what that future question your you containing potential or out satisfies language programs. create you that. and can get you and impact you custom using GenAI the provides advanced But a intuitive at coming this,
our full are together, Unless really value getting for these you full who all have there's really with are experience. without because app. this, of So, you deployed realize real the can't tools value customers they are embracing the no the of and them analytics cool, workplace the tied
is mentioned slide also of understand interaction, or us. these in deliver or really whether language talk voice it's about capability, partnering super Location friends our really other experience us processing it's capabilities whether that the it's them natural leaders great the been images user to who've are most the when with I intent terms these been not in results. and providing working me prominently in to infrastructure Cloud important has relevant just let different And sources, Google at about through user Google, other and you they a So AI with because that, think the it's more space. and personalized
enterprise a know, of good you the are enterprise, We we the really things As company. intelligence location lot data or provide enterprise. inside but rare this spatial around
great the that places things we got a variations, that's regional really markets. and location So, we intelligence, play We've really provide Google around different what helping. platform that, on and call it localization full with
of the become it. has days, integrations a around One those Google's things about business management much, customers. around months about and platform, with always key do can We With applications of enable our XXX-plus also to more integrations faster, much able we're lot been we integrations. think API different do
the to for care chose but factor us major customers least, is they And us. compared lastly, prime our a why competition. reason So, differentiator really about our all not key a is this for security. Security
security a are this become our business to it a And believe high on customers is or the when security of quality, compliance. you reliability, features league high the demanding nice not and that. not, need getting And must be have. why the but leveraging that's top for all And And the for so, us platform Cloud least, to Google at have just not And super is a have but availability. business, have last to high important. on we're you must
not on the it. are they on if customers depending Our they're because order app something can't happy
So, AI And looking driving provide has really innovation levels and quality with really more this more partnering we with we infrastructure and high are availability. have forward to Google's really and really this those is in of infrastructure. that, to and us enabling AI where reliability helped
So CXAI, about by you it. world. investor should AI off about close is are talking why changing anyway, Number why we think let an important, as one, me why the
every in segment. that seeing You're
not just to think our our we're the be the it's market. And going is I with space, in transformational AI future, solution, now. to right present
have believe create sake to base actionable we of will new growing. as patented and proud and platform, we've AI leading-edge this overall that delivering after platform give and as customers existing world. the better we're models launch perspective, Most our are CXAI data an that loyal set don't first That's XXX of our what training AI all a that better AI. We summer allow importantly, perform to very in the deployment got And the well meaningful They us want and outcomes. our go for going We SaaS business. AI up next the be cities. enterprise think better AI the in very first when to want. AI is this precious because customers. scale platform. existing it Those to want diversified to you willing to their that, Very It's countries results data deployments CXAI to customer VU real sets in globally strong, and they level. just XX you from are plus They these with with provide
management area. about team about is importantly, delivering But we transformation. investors. excited and team experienced excited an our heritage We're with we focused market. on do the ourselves. We're innovation were value we're super super We are We're partnering leading more about to have based Silicon the on innovators. going Valley; in our challenges everything Board our to very see this not an is And
announcements. Cloud Google the seen You've
took year ecosystem plus to I the years, employee whole in we the see coming further with company this find we very lastly, market this this And a in the working validated journey right closely right We provider. will we and We've is the experiences. software the public, in offering, this are announcements the capability. You as believe started, when create in months other to the best-in-class that folks is and ago really category. been want new
deliver we the we are it. tipping customer at the point the delivering and scaling the we believe level. that just next of to have to Now And getting capabilities, adoption
that's have next I to what for We is this company -- of the that innovation. ready is the that, really with believe phase say today. So,
have interactions to us with you As earnings CXAI we and and thank with to everybody. you, say on the you. to call, connect would love We'd we welcome next beyond, our like,
today other You well and can that as any as terms the did offering the go to all platform Have you great of Thank about we investor much. details our website, in documents. evening. can with CXAI you a we www.cxapp.com, share the Bye. very VU
and This at concludes participation. you lines for conference, Thank may today's disconnect your you. Thank your you time. this
We use cookies on this site to provide a more responsive and personalized service. Continuing to browse, clicking I Agree, or closing this banner indicates agreement. See our Cookie Policy for more information.